P&WC, NetJets Sign 15-Year On-Condition Fleet Maintenance Program for Cessna Citation Latitude Jets

LONGUEUIL, QUEBEC--(Marketwire - June 14, 2012) - Pratt & Whitney Canada (P&WC) has signed a 15-year on-condition Fleet Maintenance Program (FMP(R)) with NetJets for the PW306D turbofan engines that will power the fleet of Cessna Citation Latitude aircraft that the fractional jet ownership company will begin flying in 2016. With the on-condition FMP, there are no hard-time intervals for hot section inspections or overhauls, offering new levels of flexibility to the operator. Instead, P&WC evaluates each engine enrolled in the FMP and makes maintenance decisions based on ongoing performance. P&WC is a United Technologies Corp. (NYSE:UTX) company.

"NetJets operates one of the largest P&WC-powered fleets of business aircraft and we are pleased to break new ground with them in developing an FMP solution that's tailored to their needs," said Raffaele Virgili, P&WC Vice-President, Customer Service. "We see ourselves as our customers' business partner, so it is natural for us to want to help them keep their operating costs down."

The on-condition FMP agreement covers 50 installed engines and options for an additional 50 P&WC PW306D engines. The on-condition program is available for all PW306D operators and complements the standard Fleet Management Program, which is available for all Pratt & Whitney Canada engines.

"The 15-year on-condition FMP was an important breakthrough for us, providing less downtime, improved maintenance planning and better aircraft availability," said Chuck Suma, Senior Vice-President, Aircraft Management. "Given the nature of our business, these capabilities are critical to our overall operation and P&WC's flexible on-condition FMP brings real value to NetJets customers."

"Whatever the service challenge, we can meet it," said Virgili. "We have developed the network, the technology, and the capability to be able to make, and keep, that promise."

About Pratt & Whitney Canada

Founded in 1928, and a global leader in aerospace, Pratt & Whitney Canada (P&WC) is shaping the future of business aviation with dependable, high-technology engines. Every second, a P&WC-powered aircraft takes off or lands somewhere in the world. P&WC's engines, with close to 600 million hours in the air, are the industry benchmark for innovative design, dispatch reliability, operating economics and easy maintenance. P&WC is firmly committed to ensuring that its products are designed, produced and operated while minimizing environmental impacts throughout their life cycle.

There are currently more than 49,000 engines in service on more than 28,000 aircraft operated by some 10,000 operators in 200 countries. The most extensive support network in the industry, which includes more than 30 company-owned and designated service facilities, supports this global fleet.

Customer service

P&WC has built the largest, most comprehensive customer service network in the industry around its 10,000 customers who operate in 200 countries. Through its Customer First Centres in Montreal and Singapore, P&WC is always just a call or click away, providing unparalleled technical support. The P&WC network has 30 owned or designated repair and overhaul facilities, nine parts distribution centres, 100 Field Support Representatives, 200 mobile repair teams who can be on site within 12 hours, 800 rental/exchange engines and 12 customer training facilities operated through FlightSafety International. P&WC offers comprehensive Pay per Hour maintenance programs for fleet operators and business aviation customers, with more than 7,000 engines currently enrolled. The repair and overhaul of components and accessories, and the sale of new, exchange and used serviceable parts are offered within the P&WC network. Advanced diagnostics are also offered, moving operators towards a totally planned operating environment. P&WC is a one-stop shop for all elements of an operator's needs.

Based in Longueuil, Quebec (Canada), P&WC is a United Technologies Corp. company (NYSE:UTX). UTC is a diversified company providing high-technology products and services to the global aerospace and building industries.

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