• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Kingfisher Airlines Chooses Pratt & Whitney's PW4000 Engine for A330 Fleet and Awards Exclusive Service Agreement

Posted on: Tuesday, 18 July 2006, 12:00 CDT

LONDON, FARNBOROUGH AIRSHOW, July 18 /PRNewswire-FirstCall/ -- Pratt & Whitney, a United Technologies Corp. company, was selected by Kingfisher Airlines of India to power its new fleet of Airbus A330 aircraft.

The deal includes 10 PW4000-100" installed engines, one spare and an option for an additional 10 engines. Pratt & Whitney also was awarded a long-term exclusive fleet management program (FMP) to overhaul and repair Kingfisher's PW4000 engines. The total transaction is valued at $300 million, plus an additional $200 million if all options are exercised.

"After a very detailed analysis of all the engine offers for the A330, we decided that Pratt & Whitney gave us the best total solution and met all our technical requirements," said Dr. Vijay Mallya, chairman and chief executive officer, Kingfisher Airlines Limited. "Kingfisher has chosen Pratt & Whitney to power our fleet of A320/A319s, ATR72s and A330s because of their ability to support our airline's vision to consistently deliver a safe, value-based and enjoyable travel experience to all our guests."

Kingfisher Airlines, India's newest and one of the fastest growing airlines, commenced operations in May 2005 with a new fleet of V2500-powered A320 and A319 aircraft. Today the airline operates 14 aircraft connecting 17 key business and leisure destinations with more than 86 daily flights across India. Deliveries of the new A330s are scheduled to begin in the fall of 2007.

"We are delighted that Kingfisher Airlines has chosen Pratt & Whitney to power their A330s with the PW4168A," said Steve Heath, Pratt & Whitney's president of commercial engines. "Pratt & Whitney is proud to do business with Kingfisher Airlines, and we are committed to exceeding their expectations. The combined new engine and FMP service agreement will provide Kingfisher with the most value by leveraging both our OEM and MRO expertise."

The PW4000-100" engine -- model number PW4168A -- was designed specifically for the Airbus A330 aircraft. It provides exceptional reliability, competitive fuel performance and excellent environmental characteristics. Today, more than 2,700 PW4000 family engines are in service with 90 million hours of cumulative service experience.

Pratt & Whitney has over 17,000 aircraft engines in service with hundreds of airlines throughout the world. Additionally, Pratt & Whitney is a leading partner in two joint venture companies that manufacture commercial aircraft engines: the International Aero Engines (IAE), which makes the V2500 for the Airbus A320 family of aircraft, and the Engine Alliance (EA), whose GP7200 engine is FAR 33 certified on the new Airbus A380.

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., USA, is a diversified company providing high technology products and services to the global aerospace and 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.

Contact: Jennifer Arsenault (860) 565-9600 jennifer.arsenault@pw.utc.com

Pratt & Whitney

CONTACT: Jennifer Arsenault of Pratt & Whitney, +1-860-565-9600,jennifer.arsenault@pw.utc.com

Web site: http://www.pratt-whitney.com/

Source: PRNewswire-FirstCall

More News in this Category