08:46 (GMT +7) - Wednesday 24/10/2018

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Vietnam Airlines signs maintenance service agreement

Released at: 14:21, 17/07/2018

Vietnam Airlines signs maintenance service agreement

Photo: Duc Anh

Contract with IAE International Aero Engines AG on engine overhauls for carrier's V2500 engines.

by Doanh Doanh

Vietnam Airlines has signed a three-year maintenance services agreement with IAE International Aero Engines AG. The non-exclusive agreement will cover engine overhauls for the airline’s V2500 engines.

The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, a division of United Technologies Corporation (NYSE: UTX), Pratt & Whitney Aero Engines International GmbH, the Japanese Aero Engines Corporation, and MTU Aero Engines.

“It is important to Vietnam Airlines that we have the highest quality maintenance services performed on our fleet of V2500-powered aircraft,” said Mr. Dang Ngoc Hoa, Executive Vice President of the national flag carrier.

“We are thrilled to sign our first V2500 engine aftermarket agreement with Vietnam Airlines and help the airline manage their fleet more efficiently,” said Mr. Dan Kirk, Senior Director, Aftermarket Sales, at Pratt & Whitney. “We are committed to delivering world-class aftermarket services to our customers around the world.”

Vietnam Airlines and Pratt & Whitney signed a contract last year on the selection of aircraft engines and support services for 20 Airbus A321neo aircraft. The signing ceremony was held within the framework of US President Donald Trump’s official State visit to Vietnam. The two parties also signed a memorandum of understanding on maintenance contracts covering these engines.

The deal between Vietnam Airlines and Pratt & Whitney is valued at more than $1.5 billion and includes 44 Pure Power Geared Turbofan (GTF) engines and comprehensive terms on warranty, maintenance and repair.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft and helicopter engines and auxiliary power units. United Technologies Corp., based in Farmington, Connecticut, provides high-tech systems and services to the building and aerospace industries.

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