Nordic Aviation Capital A/S and Pratt & Whitney Canada Agree Engine Management Cost Programme

Leading regional aircraft lessor Nordic Aviation Capital A/S announced today at the European Regions Airline Association’s (ERA) Annual General Meeting in Salzburg, Austria, the agreement of a long-term Fleet Management Programme with Pratt & Whitney Canada in support of their P&WC powered aircraft.

“We are delighted to expand our long established relationship with Nordic Aviation Capital A/S. This new agreement allows NAC to offer their expanding customer base worldwide an engine maintenance cost plan which includes engine repair coverage, enabling smaller fleet operators to benefit from this important cost plan,” Raffaele Virgili, Vice President, Customer Service, Pratt & Whitney Canada stated.

Nordic Aviation Capital continually strives to develop creative business solutions to support its clients and assist them to manage costs and maintain profitability. “In partnering with Pratt and Whitney Canada we have developed a Fleet Management Program which allows us to offer several key benefits to our customers, including engine maintenance cost control, basic unscheduled engine repairs (BUER) and relaxed engine redelivery conditions,” said NAC Chief Commercial Officer Jim Murphy. “One very important factor is that these additional services and benefits will be available to any Nordic Aviation Capital customer, including smaller airlines, who haven’t been able to take advantage of Fleet Management Programs in the past.”

“This agreement suits our aircraft leasing model very well and we are pleased to be able to offer this engine operating cost plan to our leasing portfolio customers,” added Martin Moller, Chairman of Nordic Aviation Capital. ”We have a delivery stream of at least 90 P&WC powered aircraft running right though to 2021 and this programme will offer risk and commercial control to operators securing their aircraft through NAC which will allow our customers to concentrate on their core business.”

P&WC’s PW100/PW150 engine family is the engine of choice for modern 30 to 90-seat turboprop aircraft owing to their outstanding reliability, durability and operating economics. Operators of PW100/PW150 engines are supported by P&WC’s industry-leading global customer support which includes over 30 P&WC-owned and designated service facilities around the world, more than 100 field support representatives on all major continents, a 24/7 Customer First Centre for rapid expert support, the most advanced diagnostic capabilities for the market and the largest pool of P&WC rental and exchange engines in the industry.

The PW100 family powers current popular regional types like the ATR series, while the PW150 family powers the Dash 8 Q400 – all featured prominently in the Nordic Aviation Capital leasing portfolio. In June 2013 NAC ordered 90 ATRs – a mix of ATR72-600s and ATR42-600s. The first tranche of 35 orders already has business commitments from various customers.

More than 7,800 PW100 and PW150 engines have been produced since 1984, accumulating more than 150 million flying hours.