GTF maintenance agreement supports airline's growth
plans
EAST
HARTFORD, Conn., Sept. 23,
2024 /PRNewswire/ -- 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."
About airBaltic
airBaltic (Air Baltic Corporation AS)
is the leading airline in the Baltics and one of Europe's fastest-growing carriers. As a hybrid
airline, it leverages the upsides of both traditional network and
low-cost carriers. Through a network of more than 130 routes from
Riga, Tallinn, Vilnius, Tampere and, seasonally, Gran Canaria,
airBaltic connects the Baltics with over 80 destinations across
Europe, the Middle East, North
Africa, and the Caucasus. Founded in 1995, today airBaltic
operates one of Europe's youngest
fleets, consisting of 48 Airbus A220-300 aircraft, and employs over
2 600 professionals. The company is majority-owned by the Latvian
state, which holds a 97.97% stake, with the remaining 2.03% owned
by private shareholders.
airBaltic's commitment to excellence is recognized by numerous
prestigious awards including the Best Airline in its region by
Skytrax for three consecutive years. In 2022, the International Air
Transport Association (IATA) recognized airBaltic with the
Diversity and Inclusion Team Award, and in 2023, the company
received the APEX Passenger Choice Award for Best Cabin Service in
Europe. In 2024, the airline was
awarded the PROS AI Innovator Award for leveraging AI to drive
transformative outcomes and optimize operations.
About Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture
and service of aircraft engines and auxiliary power units. To learn
more visit www.prattwhitney.com.
About RTX
With more than 185,000 global employees, RTX pushes the limits of
technology and science to redefine how we connect and protect our
world. Through industry-leading businesses – Collins Aerospace,
Pratt & Whitney, and Raytheon – we are advancing aviation,
engineering integrated defense systems, and developing
next-generation technology solutions and manufacturing to help
global customers address their most critical challenges. The
company, with 2023 sales of $69
billion, is headquartered in Arlington, Virginia.
For further information, please contact:
CorporatePR@rtx.com or pr@airbaltic.com
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SOURCE RTX