Kingfisher spends $300 million to power its engines
By SiliconIndia | Wednesday, 22 November 2006, 06:00 Hrs
Bangalore: India's Kingfisher Airlines and a U.S based aircraft engine manufacturer, Pratt & Whitney have signed a $300 million deal in Washington.
Through this contract Kingfisher would obtain engines to power the new fleet of its Airbus A330 aircraft. It includes 10 PW4000-100 installed engines, one spare and an option for an additional 10 engines.
Kingfisher Airlines and Pratt & Whitney announced the deal with the signing of an MOU earlier this year at the Farnborough International Airshow in London. PW has also bagged a long-term exclusive fleet management program (FMP) from Kingfisher Airlines to overhaul and repair its PW4000 engines.
"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 Vijay Mallya, chairman Kingfisher Airlines. Pratt & Whitney engines will be used to power Kingfisher Airlines' fleet of A320/A319s, ATR72s and A330s.
The PW4000-100 engine with competitive fuel performance was designed specifically for the Airbus A330 aircraft. "We are delighted that Kingfisher Airlines has chosen Pratt & Whitney's PW4168A to power its new A330 aircraft. We are looking forward to the continued collaboration," said Todd Kallman, president of Pratt & Whitney Commercial Engines.
The total transaction is valued at $300 million, plus an additional $200 million if all options are exercised.
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