SINGAPORE AIR SHOW, Singapore, Feb. 15, 2012 – Japan Airlines Co., Ltd. has selected Pratt & Whitney for a Fleet Management Program agreement and a part repair agreement to provide maintenance for the airline's Pratt & Whitney-powered aircraft engines and engine parts. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.
Under the Fleet Management agreement, Pratt & Whitney Global Service Partners' Singapore-based Eagle Services Asia engine overhaul facility will provide maintenance services for the airline's PW4090 engines. Pratt & Whitney will also provide part repair services for the airline's fleet of Pratt & Whitney PW4074, PW4077 and JT9D engines through the Pratt & Whitney Global Service Partners part repair network. These seven-year agreements are expected to be worth a combined value of approximately $450 million to Pratt & Whitney over the life of their terms.
"Pratt & Whitney Global Service Partners is honored to continue its partnership with Japan Airlines with these long-term engine maintenance agreements," said Todd Kallman, president, Pratt & Whitney Commercial Engines & Global Services. "Japan Airlines holds very high maintenance standards and commitment to quality. Pratt & Whitney Global Service Partners will continue to deliver services which meet Japan Airlines' standards."
"Japan Airlines has a long history of working with Pratt & Whitney to maintain our Pratt & Whitney engines," said Nobuhiro Sato, Senior Managing Executive Officer, Japan Airlines Co.Ltd. and president, JAL Engineering Co., Ltd. "We are pleased to continue engaging Pratt & Whitney Global Service Partners in our unceasing efforts to ensure Japan Airlines' aircraft are kept at the highest possible standards in reliability and performance for our customers. Furthermore, it provides added advantage of maintenance cost reduction and cost control benefits."
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®. 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 expected revenue and other matters that are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the health of the global economy; strength of end market demand in the commercial aerospace industry; fluctuation in commodity prices, interest rates, and foreign currency exchange rates. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information included in UTC's 10-K and 10-Q Reports under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results," as well as the information included in UTC's Current Reports on Form 8-K.
