Agreements Engines

Pratt & Whitney Canada secures Olympic Air contract 

Pratt & Whitney Canada secures Olympic Air contract
L to R: Irene Makris (Vice President Customer Service of Pratt & Whitney Canada), Michalis Kouveliotis (CEO of Olympic Air and CFO of AEGEAN)

Pratt & Whitney Canada’s Engine maintenance deal with Olympic Air boosts efficiency and sustainability.

Pratt & Whitney Canada has signed a seven-year engine maintenance contract with AEGEAN’s subsidiary, Olympic Air. The contract covers the scheduled maintenance of 28 PW127M engines, which power the airline’s 13 ATR passenger aircraft. Additionally, Pratt & Whitney operates as a business under RTX.

Irene Makris, Vice President, Customer Service, Pratt & Whitney Canada, said, “We developed a specialized program that is cost-effective for Olympic Air and seeks to achieve efficient asset management and dependable dispatch availability. Olympic Air protects the value of its investment and gains peace of mind by relying on our comprehensive engine maintenance solutions and service for their fleet of PW127M engines.”

The PW100 engine family celebrates its 40th anniversary in 2024. This engine family sets the benchmark for low fuel consumption on routes of 350 miles or less. It consumes 25% to 40% less fuel compared to similar-sized regional jets. Consequently, it avoids an equal measure of CO2 emissions. Additionally, the engines are biofuel compatible and certified for up to a 50% blend of sustainable aviation fuel.

Michalis Kouveliotis, CEO of Olympic Air and CFO of AEGEAN, said, “The Pratt & Whitney Canada PW127M engines on our ATR fleet deliver for us every day with solid environmental performance and high levels of reliability. We wanted to further leverage that performance with a maintenance plan for hot section inspections and overhauls that helps us meet our flight schedule promises to our customers.”

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Olympic Air is scheduled to take delivery of an additional ATR 72-600 aircraft later this year. This aircraft will feature the latest generation PW127XT-M engines, which are now standard on all new ATR aircraft. The PW127XT-M offers a 40% extended time on wing, increasing engine overhaul intervals to 20,000 hours for a typical regional operator. Additionally, the engine boasts a 20% reduction in maintenance costs and a 3% improvement in fuel consumption.

Q. – What kind of contract did Pratt & Whitney Canada sign with Olympic Air?
A. – Pratt & Whitney Canada signed a seven-year engine maintenance contract.

Q. – What engines are covered under the maintenance contract with Olympic Air?
A. – 28 PW127M engines powering Olympic Air’s ATR passenger aircraft.