airBaltic and RTX's P&W Unveil Long-Term Engine Maintenance Deal

September 23, 2024

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Latvian national airline airBaltic and Pratt & Whitney have announced a long-term EngineWise™ Comprehensive maintenance services agreement for the airline's GTF engine fleet. This agreement links airBaltic's maintenance costs to the utilization of the airline's engines. Pratt & Whitney is an RTX (NYSE: RTX) business.

"Pratt & Whitney has been a long-term, trusted collaborator of airBaltic since we became the global launch operator of the Airbus A220-300 aircraft type back in 2016," said Martin Gauss, president and CEO of airBaltic. "The aircraft's PW1500G GTF engines have delivered a 25% reduction in fuel burn per seat compared to previous generations, resulting in significant cost savings. This agreement will support the growth plans of airBaltic towards a 100 Airbus A220-300 fleet by the year 2030. We are looking forward to many more years of successful cooperation with Pratt & Whitney."

The 17-year per-engine agreement provides airBaltic with greater transparency and predictability in maintenance planning and associated costs.

"We will provide long-term support to airBaltic to optimize fleet performance as they expand their route network," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney. "We appreciate the airline's continued confidence in the GTF engine and the value it provides with industry-leading fuel efficiency, lower carbon emissions and smaller noise footprint. Together, we share a strong commitment to make air travel more accessible while reducing the environmental impact."

Source : RTX