All Nippon Airways Selects Pratt & Whitney for Long-term Maintenance and Materials Agreement Valued at $1 Billion
Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, and All Nippon Airways (ANA) announced today the signing of a 10-year part repair and material management agreement valued at more than $1 billion. Pratt & Whitney Global Service Partners will provide the services to PW4000 engines powering ANA's Boeing 777 fleet.
"ANA and Pratt & Whitney have built a very long and strong relationship together. Since the PW4000 engine entered into service at ANA in 1995 we have been very happy with Pratt & Whitney's continuous efforts to meet ANA's needs for this engine," said Mr. Hiroyuki Ito, ANA Board of Directors member and ANA Engineering Maintenance executive vice president. "It is a fundamental principle within ANA's Corporate Policy to prioritize safety and the maintenance of engine components to the highest standards is part of this commitment. This agreement is consistent with ANA's commitment to safety and we are proud to enter into this program with Pratt & Whitney."
"ANA has a long history of proactive management of their fleets, and is very serious about controlling costs while maintaining the highest level of reliability and operational excellence," said Todd Kallman, Pratt & Whitney Commercial Engines & Global Services president. "Using our OEMRO® approach, we will provide additional knowledge and experience that will enhance maintenance, repair and material logistics support to ANA through our Pratt & Whitney Materials International and Global Service Partners networks."
Headquartered in Tokyo, Japan, All Nippon Airways is one of the largest airlines in the Asia-Pacific region. It operates services to 49 destinations in Japan and 28 cities throughout Asia, Europe and the U.S. on its fleet of 228 aircraft.
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.
This release includes "forward looking statements" concerning anticipated business opportunities that are subject to risks and uncertainties, including with regard to the contract described in this release. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include changes in the health of the global economy and the aerospace industry. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's 10-K, 10-Q and other reports filed with the SEC.