LONGUEUIL - Pratt & Whitney Canada has signed a seven-year engine maintenance contract with AEGEAN's subsidiary Olympic Air.
The contract covers the scheduled maintenance of 28 PW127M engines powering the airline's 13 ATR passenger aircraft. Pratt & Whitney is an RTX (NYSE: RTX) business.
'We developed a specialized program that is cost-effective for Olympic Air and seeks to achieve efficient asset management and dependable dispatch availability,' said Irene Makris, vice president, Customer Service, Pratt & Whitney Canada. 'Olympic Air protects the value of its investment and gains peace of mind by relying on our comprehensive engine maintenance solutions and service for their fleet of PW127M engines.'
The PW100 engine family celebrates its 40th anniversary in 2024. This engine family is the benchmark for low fuel consumption on routes of 350 miles or less, consuming 25% to 40% less fuel and avoiding an equal measure of CO2 emissions than similar-sized regional jets. The engines are also biofuel compatible and are certified for up to a 50% blend of sustainable aviation fuel.
'The Pratt & Whitney Canada PW127M engines on our ATR fleet deliver for us every day with solid environmental performance and high levels of reliability,' said Michalis Kouveliotis CEO of Olympic Air and CFO of AEGEAN. 'We wanted to further leverage that performance with a maintenance plan for hot section inspections and overhauls that helps us meet our flight schedule promises to our customers.'
Later this year, Olympic Air is scheduled to take delivery of an additional ATR 72-600 aircraft equipped with the latest generation PW127XT-M engines, now the standard on all new ATR aircraft. The PW127XT-M offers 40% extended time on wing, bringing engine overhaul to 20,000 hours for a typical regional operator. The engine also boasts a 20% reduction in maintenance costs and a 3% improvement in fuel consumption.
About Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. Read more about Pratt & Whitney's history of innovation here.
About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses - Collins Aerospace, Pratt & Whitney, and Raytheon - we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.
Contact:
Email: corporatepr@rtx.com
About AEGEAN
AEGEAN is the leading Greek airline and member of STAR ALLIANCE. With its subsidiary Olympic Air carried 15.5 million passengers in 2023, offered a total of 18.5 million seats and covered 180 destinations in 49 countries with 307 routes from its 10 bases in Greece and abroad, with a fleet of 79 aircraft. In 2024 the company will offer a total of 19.5 million seats with the 13.4 million of them, a 6% increase, to be offered only during summer season. AEGEAN was awarded, for the 12th consecutive year and 13th time in the last 14 years, as the best regional airline in Europe by the Skytrax World Airline Awards. With a strong international presence, AEGEAN was established in 1999 and within nearly 25 years managed to win its position in the aviation sector as one of the most successful and steadily growing companies in the European aviation market. AEGEAN has been listed on the ATHENS Stock Exchange since 2007 and recent turnover exceeded 1.7 billion. Read more about AEGEAN here.
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