China Airlines Selects Pratt & Whitney for Inventory Logistics Program
China Airlines has signed a multi-year exclusive inventory logistics program agreement with Pratt & Whitney. Under the agreement, Pratt & Whitney Global Service Partners will be the exclusive part replacement and repair provider for China Airlines' fleet of PW4056 engines. The agreement is valued at approximately $60 million -70 million. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.
"We are pleased to select Pratt & Whitney for our inventory logistics needs for our PW4056 engines," said Derek Cridland, senior vice president of Engineering and Maintenance for China Airlines. "As a trusted OEM, Pratt & Whitney is experienced at helping operators such as ourselves to add value to our business."
"We are proud to work with China Airlines through this new agreement," said Andy Tanner, vice president, Pratt & Whitney Product Line Management. "Our service offerings strive to offer customers like China Airlines unmatched value and flexibility through our Global Service Partners network."
China Airlines, headquartered in Taipei, is the largest airline in Taiwan, with 50 years of history. It flies to 85 destinations in 27 countries and provides the highest standards of quality and service.
Pratt & Whitney Global Service Partners is a total service provider for engines made by Pratt & Whitney, International Aero Engines, General Electric, Rolls-Royce and CFMI. In addition to engine overhaul and repair services, GSP provides customers with improved engine performance and increased asset value through a portfolio of services including line maintenance, engine monitoring and diagnostics, environmentally friendly on-wing water washes, leased engines, custom engine service programs, and new and repaired parts.
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.