Pratt & Whitney Signs Exclusive Maintenance Agreement with Transaero Airlines
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."
Transaero Airlines is the second-largest passenger airline in Russia. Transaero launched its services in November, 1991. Transaero's fleet consists of 100 aircraft, including 24 Boeing 747s, 14 Boeing 777s, 15 767s, 42 737s, three Tupolev 214 and two Tu-204-100C aircraft. Transaero has the largest long-haul fleet in Russia, the CIS and Eastern Europe. It is the only commercial carrier flying Boeing 747 passenger aircraft in the region. According to the German Jet Airliner Crash Data Evaluation Center (JACDEC), Transaero ranks among the top 20 safest carriers in the world. Transaero serves more than 190 routes in Russia, Europe, Asia, Africa and the Americas.
Transaero is the winner of Air Transport World magazine's Airline Market Leadership Award 2012 and has been named the World's Best Improved Airline at the Skytrax 2013 Awards. Transaero was voted the Best Airline in EMEA by Frequent Business Traveler, U.S. online publication. For more information, please, visit www.transaero.ru.
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. For updates from United Technologies Corp.'s aerospace businesses visit www.utcaero.com or follow @UTC on Twitter.