WASHINGTON, D.C. - November 20, 2006 - Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, and Kingfisher Airlines of India signed a contract today for engines to power its new fleet of Airbus A330 aircraft. The deal was signed during a ceremony at the U.S. Department of Commerce in Washington, D.C.The deal includes 10 PW4000-100" installed engines, one spare and an option for an additional 10 engines. Pratt & Whitney was also awarded a long-term exclusive fleet management program (FMP) to overhaul and repair Kingfisher`s PW4000 engines. The total transaction is valued at $300 million, plus an additional $200 million if all options are exercised.
Pratt & Whitney and Kingfisher Airlines announced the deal with the signing of a memorandum of understanding earlier this year at the Farnborough International Airshow outside of London.
"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 Dr. Vijay Mallya, chairman and chief executive officer, Kingfisher Airlines Limited. "Kingfisher has selected Pratt & Whitney to power our fleet of A320/A319s, ATR72s and A330s because of their ability to support our airline`s vision to consistently deliver a safe, value-based and enjoyable travel experience to all our guests."
Kingfisher Airlines, one of India`s newest and fastest growing airlines, began operations in May 2005 and now has a new fleet of V2500-powered A319, A320, A321 and ATR-72 aircraft. The airline will operate 23 aircraft connecting 21 key business and leisure destinations with more than 160 daily flights across India through its winter schedule deployment. Kingfisher Airline is the only airline in India to have placed orders for 5 A380s, 5 A350s, 5A340s, and 5 A330s. Kingfisher Airlines, India`s first full service true value carrier revolutionized the Indian skies by offering world class in flight entertainment with personalized video screens, valet service, extra-wide seats and spacious leg room, welcome gifts, delicious gourmet meals, international-class cabin crew and a whole host of comforts and delights. Kingfisher Airlines has further raised the bar by introducing the Indian business traveler to a premium product- Kingfisher First, the finest experience in the Indian skies. Kingfisher Airlines is available for booking through travel agents, through a 24/7 call centre (1 866 4 FLY KFA) and online at www.flykingfisher.com. Kingfisher Airlines, a 100 % E Ticket airline is currently available for booking and electronic ticketing for domestic travel within India through the 22,000 ARC accredited travel agents in the United States. Kingfisher Airlines has acquired close to a 10 % market share in India in just 18 months of operations. Kingfisher Airlines plans to be the largest private airline in India by 2010. `Best New Airline of the Year` award in the Asia-Pacific and Middle East region from the Centre for Asia Pacific Aviation (CAPA), "Service Excellence for a New Airline" award from Skytrax, "Best New Domestic Airline for Excellent Services and Cuisine" award from Pacific Area Travel Writers Association (PATWA) are among the awards and recognitions the airline received in just 18 months. In an independent survey conducted by the Indian Market Research Bureau for the Times of India, 46% of the participants voted Kingfisher Airlines `The Best Airline" and "India`s Favourite Carrier".
"We are delighted that Kingfisher Airlines has chosen Pratt & Whitney`s PW4168A to power its new A330 aircraft," said Todd Kallman, president, Pratt & Whitney Commercial Engines. "This contract for new engines and long-term engine service offers Kingfisher the best value, as it leverages Pratt & Whitney`s unique OEMROTM portfolio. We`re excited to expand our partnership with Kingfisher and look forward to our continued collaboration."
"Quote," said U.S. Secretary of Commerce Carlos Gutierrez who witnessed the signing.
The PW4000-100" engine - model number PW4168A - was designed specifically for the Airbus A330 aircraft. It provides exceptional reliability, competitive fuel performance and excellent environmental characteristics. Today, more than 2,700 PW4000 family engines are in service with 90 million hours of cumulative service experience.
br> Pratt & Whitney has over 17,000 aircraft engines in service with hundreds of airlines throughout the world. Additionally, Pratt & Whitney is a leading partner in two joint venture companies that manufacture commercial aircraft engines: International Aero Engines (IAE), which makes the V2500 for the Airbus A320 family of aircraft, and the Engine Alliance (EA), whose GP7200 engine is FAR 33 certified on the new Airbus A380.
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies is a diversified company providing high technology products and services to the global aerospace and building industries.
About Kingfisher Airlines
Kingfisher Airlines is India`s first and only private airline to receive the prestigious, `Best New Airline of the Year` award in the Asia-Pacific and Middle East region from Centre for Asia Pacific Aviation (CAPA). Kingfisher Airlines has also been voted as the 3rd Most Successful Brand Launch of the Year 2005, in the annual Brand Derby Survey conducted by India`s leading business daily-Business Standard. In another Survey conducted by agencyfaqs.com and Brand Reporter, Kingfisher was voted as the 7th Buzziest Brand of 2005 amongst 2000 leading national and international brands. More recently, Kingfisher Airlines has bagged the "Service Excellence for a New Airline" award from Skytrax, a UK based specialist global air transport advisor.
Another addition to the list of laurels is the "Best New Domestic Airline for Excellent Services and Cuisine" award from Pacific Area Travel Writers Association (PATWA), the biggest travel writers` organization, across the globe, that conducts independent annual surveys across various industries related with Travel and Tourism in order to select the best in each category. In a survey conducted by IMB for Times of India, 46% of the participants voted Kingfisher Airlines `The Best Airline" and "India`s Favourite Carrier". Lastly Kingfisher Airlines won the "Brand Leadership Award" in the service and hospitality segment against several acclaimed hotels, leading banks and other airlines. Kingfisher Airlines commenced operations on May 9, 2005 with a brand new fleet of aircraft. Kingfisher Airlines offers Full Service at True Value and promises an unparalleled experience to the Indian air traveler. On offer are extra-wide seats and spacious leg room, delicious gourmet meals, international-class cabin crew and a whole host of comforts and delights. Kingfisher Airlines also facilitates doorstep delivery of tickets on guest request. Kingfisher Airlines has further raised the bar by introducing the Indian business traveler to a premium product- Kingfisher First, the finest experience in the Indian skies. For more information on Kingfisher Airlines log on to www.flykingfisher.com . Fly the Good Times with Kingfisher Airlines.