United Tech's (UTX) Pratt & Whitney Enters Exclusive Maintenance Agreement w/ Alba Star Airlines

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Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, has signed a memorandum of understanding for an exclusive maintenance services agreement with Alba Star Airlines to provide engine overhaul services on the airline's fleet of CFM56-3 engines.

According to the memorandum of understanding, under the exclusive five-year agreement, Pratt & Whitney Global Service Partners will provide engine overhaul services for up to five Alba Star Airlines' CFM56-3 engines, with additional coverage for unplanned repairs, which will help the airline reduce engine overhaul costs and turnaround time thanks to the Pratt & Whitney Global Service Partners network's extensive capabilities and customer-tailored solutions. Alba Star Airlines expects to provide its first engine for overhaul to Pratt & Whitney Global Service Partners' Turkish Engine Center beginning in November 2012.

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