Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, has signed an exclusive eight-year maintenance services agreement with Transaero Airlines to provide engine overhaul services on the airline's fleet of PW4000-112" engines. The agreement is expected to be worth approximately $55 million over its life.
Under the terms of the agreement, Pratt & Whitney will provide engine overhaul services for 11 Transaero PW4000-112" engines, which will help the airline reduce engine overhaul costs and turnaround time thanks to the Pratt & Whitney network's extensive capabilities and value-focused, customer-tailored solutions. Engine overhauls will be performed at Eagle Services Asia, Pratt & Whitney's Singapore-based engine overhaul facility, which is the company's center of excellence for PW4000 engine overhaul.
"Pratt & Whitney is dedicated to providing its customers the upmost value through high quality maintenance, repair and overhaul services," said Jerry Tarnacki, Pratt & Whitney Services vice president. "We are pleased to provide Transaero Airlines engine maintenance on its PW4000-112" engine fleet through our extensive maintenance, repair and overhaul network."
Source: Pratt & Whitney, A United Technologies Company (NYSE:UTX)
Date: Sep 5, 2013