Scandinavian Airlines (SAS) has signed a 5-year V-Services(SM) Fixed Price Repair Agreement to manage 50 V2500® engines. The agreement will cover installed engines on SAS's fleet of 25 Airbus aircraft. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney (NYSE: UTX), Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.
"The performance of our aircraft relies on the success of our engines, so it is critical that our maintenance support is as strong as possible," said Knut Dissen, NPH Continuing Airworthiness, SAS Technical Operations, SAS. "One of our key tenets is to provide our customers with reliable service and this means that our aircraft and engines must be reliable. This agreement to maintain our V2500 engines helps us to ensure the reliability that our customers expect."
"SAS is a premier airline in Europe and we are thrilled to support its efforts to provide quality air travel throughout Scandinavia and the world," said Matthew Bromberg, president, Pratt & Whitney Aftermarket. "Engines maintained to our OEM standards retain the highest residual value and longest time on-wing."
In 2003, the average time on-wing for a V2500 engine was around 12,000 hours. As airlines have entered into an increasing number of long-term maintenance agreements, such as this one with SAS, average time on-wing has grown to 18,000 hours – or approximately six years.
Based in Scandinavia, SAS is the single largest airline with a market share of about one-third of the total Nordic air travel market. Each year almost 30 million passengers travel with SAS to destinations in Europe, USA and Asia. SAS is a member of Star Alliance™ and, together with 27 partners, SAS offers 1,300 destinations worldwide in 193 countries.
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units.
This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in levels of demand in the aerospace industry, in levels of air travel, and in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.'s Securities and Exchange Commission filings.