Pratt & Whitney and TES Aviation Group Sign Material Consumption Agreement
Pratt & Whitney and TES Aviation Group have entered into a material consumption agreement on PW4000-100" engines. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.
Under the agreement, Pratt & Whitney and TES Aviation Group will work together to consume material from PW4000-100" engines that have been displaced from recently retired Airbus A330 commercial aircraft fleets. The agreement includes material purchasing, component repair and serviceable material installation on PW4000-100" engine overhauls at Pratt & Whitney's Singapore-based Eagle Services Asia engine overhaul facility.
"This material consumption agreement with TES Aviation Group is a great example of Pratt & Whitney's increased focus on better serving its airline customers," said Jerry Tarnacki, Pratt & Whitney services vice president. "Through this agreement, we will be able to provide our customers as many opportunities as possible to lower their cost of ownership by using serviceable material instead of new whenever possible."
"We are delighted to partner with Pratt & Whitney on this exciting new initiative," said Ashley Cooper, Chief Executive Officer of TES Aviation Group. "We look forward to working with Pratt & Whitney to offer creative material solutions to help lower cost of ownership for the PW4000-100" customer base."
TES Aviation Group, a market leader in engine asset management has a global engine portfolio in excess of 900 engines, across all engine types, valued in excess of $3billion. Its client partner base benefit from innovative engine fleet management solutions provided by the largest and most experienced consultant powerplant engineering group in the world, and supplemented by a growing asset base of engines available for green-time leasing and quality overhauled parts to significantly reduce the cost of engine maintenance events and overall cost of ownership/operation.
Pratt & Whitney is a total service provider for its own engines, as well as those made by International Aero Engines, General Electric, Rolls-Royce and CFMI®. The company is a world leader in the design, manufacture and service of aircraft engines, auxiliary and ground power units, small turbojet propulsion products 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.