P&WC and Milestone Aviation Group Sign US$ 75 M, 15-Year Deal
- For New Helicopter Engine Fleet Management Program
Pratt & Whitney Canada (P&WC), a United Technologies Corporation company (NYSE:UTX), and Milestone Aviation Group, a global leader in helicopter leasing, today announced a US$ 75 million, 15-year agreement under which P&WC will offer its Flexible Turboshaft Engine Fleet Management program to Milestone customers.
The agreement, signed today at HAI Heli-Expo, will provide P&WC's customized engine maintenance support to helicopter operators worldwide leasing through Milestone. Initially 25 helicopters with P&WC PT6C-67C engines will be covered under the fleet management program with the intent to expand the scope to include PW210S, PW210A, PT6C-67E, PT6B-37A, PT6T and PW207C engine models in the future.
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"With more than 3,700 P&WC-powered helicopters flying globally, the helicopter market is a vital part of our portfolio and effectively supporting the needs of these operators is paramount," said John Di Bert, Vice President, Customer Service, P&WC. "We are particularly excited to join forces with Milestone - a market leader that leverages both its scale and its deep operating expertise to provide its customers with unique benefits. Together, we will deliver a fleet management program that is tailored specifically for individual operators and provides the peace of mind and predictability of guaranteeed future maintenance costs."
The engine fleet management program will also offer helicopter operators who lease through Milestone a turnkey contractual framework that easily facilitates enrollment.
"The agreement to deliver P&WC's fleet management program to helicopter lessees is a testament to our mission to provide unique solutions to our customers that help preserve their capital, reduce their risk and improve their cash flow," said Matthew Harris, Chief Operating Officer, Milestone Aviation Group. "Pratt & Whitney Canada shares our passion for delivering exceptional customer service. Backed by their 40 years of Turboshaft engine expertise, we have created a flexible offering that best meets the support requirements of the growing number of operators benefiting from helicopter leasing."
The longstanding relationship between P&WC and Milestone, which started with the first contracted PW206C in 2010, has expanded to include more than 160 P&WC engines across all variants.
Source : Pratt & Whitney, A United Technologies Company (NYSE:UTX)
Dec 8 - 10, 2014 - Washington, United States