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

Thursday 3rd October 2013

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.

About Nordic Aviation Capital: 

Founded

in 1990 in Denmark, Nordic Aviation Capital, the leading regional

aircraft lessor, is headquartered in Billund (Denmark).

NAC is the global leader in turboprop leasing and finance with over 190

aircraft

and

35 customers worldwide. The company has regional offices in Ireland,

UK, Canada and Singapore, which supply aircraft to top tier carriers

such as Lufthansa, Air France, US

Airways, Garuda, Avianca, Flybe, Azul and Air Berlin.  NAC employs a

workforce of 90 worldwide;

50 work in the company headquarters

located in Billund, Denmark, and 40 are based in regional offices

located in Singapore, Ireland and North America.  During the financial

year 2012/13, the company increased its global workforce

by hiring 20 new professionals across all its regional locations.

www.nac.dk