AirBaltic Signs Long-Term EngineWise Maintenance Agreement With Pratt & Whitney For GTF Engine Fleet, Linking Costs To Engine Utilization
Portfolio Pulse from Benzinga Newsdesk
AirBaltic has signed a long-term EngineWise maintenance agreement with Pratt & Whitney for its GTF engine fleet. This agreement links maintenance costs to engine utilization, potentially benefiting both parties by aligning costs with actual engine use.
September 23, 2024 | 12:21 pm
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Pratt & Whitney, a division of RTX, has entered into a long-term maintenance agreement with AirBaltic for its GTF engine fleet. This deal could enhance RTX's service revenue by aligning maintenance costs with engine utilization, potentially leading to more predictable and stable income.
The agreement with AirBaltic is significant for RTX as it ties maintenance costs to engine utilization, which could lead to more stable and predictable service revenue. This is a positive development for RTX, as it enhances their service offerings and strengthens their relationship with AirBaltic.
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