Singapore Airlines Cargo Selects P&W for $500 M Maintenance Contract
(East Hartford, Conn., September 15, 2008) -- Singapore Airlines Cargo (SIA Cargo) signed a 10-year, more than $500 million Fleet Management Program agreement with Pratt & Whitney Global Service Partners. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.
The agreement covers 13 Boeing 747-400F cargo aircraft powered by Pratt & Whitney PW4000-94" engines and six spare engines. SIA Cargo is one of the world's largest operators of B747-400 freighters, and has a route network that covers 74 destinations in 39 countries.
"Our customers expect high service and operating standards from us. It is essential for us to partner with an organization that shares our service philosophy and one that is globally known for its technical excellence in engine manufacturing and maintenance. Pratt & Whitney is driven by these values and is recognized as a leading player in the global maintenance and repair industry. We are therefore proud that they are our Fleet Management Program partner," said Tan Tiow Kor, senior vice president, sales & marketing, SIA Cargo.
"We are happy to have the opportunity to support Singapore Airlines Cargo, which is a renowned carrier, for the next decade. Fuel prices now can comprise nearly half of an airline's operating cost, but effective engine maintenance and service can save money by keeping engines in operation longer," said Tom Mayes, vice president, engine centers, Pratt & Whitney Global Service Partners.
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