Pratt & Whitney, a division of
United Technologies Corp
), was selected by Hawaiian Airlines, a subsidiary of
Hawaiian Holdings Inc
) to provide fuel efficient PurePower 1133G-JM engines for 25
Airbus A321neo fleet.
The new PurePower engine by Pratt & Whitney uses an advanced
gear system that leads to improvements in fuel efficiency,
reduces environmental emissions and also reduces noise pollution
by 50%. In addition, off-wing engine maintenance will also be
provided by Pratt & Whitney through its pure solution fleet
management program. With the prevailing competitive
environment in the aviation industry, Hawaiian Airlines aims to
address customer needs and build long-term relationships with its
clients to generate a steady demand. The fuel efficient engines
by Pratt & Whitney and extended twin operations will enable
the aircraft to fly greater distances while minimizing the cost
of travel for its customers.
Hawaiian Airlines has exclusive operations over the Pacific
and now with the long-term business tie up with Pratt &
Whitney through its new pure power engines is expected to
generate the required savings for the trans-Pacific routes as
Hawaiian Airlines flies to the west coast. Recently, in Mar 2013,
Hawaiian Airlines entered into an agreement with Airbus to
purchase 16 new A321 Neo aircraft between 2017 and 2020. The
purchase of the new fleet is a part of the company's plan for
expanded routes between the islands and the West Coast.
Based in Hartford, Conn, United Technologies is a diversified
business conglomerate serving various end markets such as
aerospace, defense and commercial construction. The Pratt &
Whitney segment of the company primarily supplies aircraft
engines to the commercial, military, business jet, and general
aviation markets. It also manufactures aerospace propulsion
systems for the U.S. space shuttle program. In fiscal 2012, the
Pratt & Whitney segment reported revenues of $13,964 million
up 9.9% year over year.
HAWAIIAN HLDGS (HA): Free Stock Analysis
HONEYWELL INTL (HON): Free Stock Analysis
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UTD TECHS CORP (UTX): Free Stock Analysis
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), both have a Zacks Rank #2 (Buy).