El Al Selects Pratt & Whitney for Fleet Management Program Valued at $70 Million

HAMBURG, Sept. 24 /PRNewswire-FirstCall/ -- MRO EUROPE -- El Al signed a five year extension agreement for a Pratt & Whitney Fleet Management Program for service on PW4060 engines powering its Boeing 767s and 747-400s. The agreement includes management and overhaul of the engines with an option to extend the contract up to five additional years. The estimated value of the deal is about $70 million. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.

"We count on Pratt & Whitney to keep our 767 and 747-400 fleet flying without disruption," said Shmuel Kuzi, vice president, Maintenance & Engineering, El Al. "Our Fleet Management Program helps us to keep commitments to our customers through operational excellence."

"El Al was Pratt & Whitney's very first Fleet Management Program customer," said Jim Guiliano, vice president, Global Customer Services, Pratt & Whitney Global Service Partners. "We are proud to continue to provide them with the dependable products and services that serve as the foundation of our strong relationship."

El Al, established in 1948 as the national Israel Airlines, has grown into a prestigious international carrier. Covering every aspect of service, assuring that passengers' requirements are met on time, every time, El Al was ranked by IATA as one of the world's three most efficient air carriers.

Pratt & Whitney Global Service Partners (GSP), which provides the fleet management program, is a total service provider for engines made by Pratt & Whitney, International Aero Engines, General Electric, Rolls-Royce and CFMI. In addition to engine overhaul and repair services, GSP provides customers with improved engine performance and increased asset value through a portfolio of services including line maintenance, engine monitoring and diagnostics, environmentally friendly EcoPower® water washes, leased engines, custom engine service programs, and new and repaired parts.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

    Katy Padgett                            Matthew Perra
    Commercial Engines & Global Services    Pratt & Whitney
    +1-860-565-3433                         +1-860-565-9600
    kathleen.padgett@pw.utc.com             matthew.perra@pw.utc.com