This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

UTC Aerospace Systems To Provide Nacelle Maintenance For Avianca Brazil A320 Fleet

Stocks in this article: UTX

CHARLOTTE, N.C., April 16, 2013 /PRNewswire/ -- UTC Aerospace Systems' Aerostructures business has been selected by Ocean Air Linhas Aereas Avianca Brazil to provide complete nacelle maintenance for the airline's fleet of 12 A320 family aircraft powered by CFM56-5B engines. The flight hour agreement specifies that Aerostructures will provide initial provisioning of spare parts, dedicated nacelle components to enhance Avianca Brazil's operational reliability, as well as providing scheduled and unscheduled maintenance repair and overhaul (MRO) coverage, including parts and labor. The MRO work will be performed at the UTC Aerospace Systems' MRO facility located in Atibaia, Brazil (Goodrich do Brasil). UTC Aerospace Systems is a unit of United Technologies Corp. (NYSE:UTX).

"This is our first nacelle flight hour agreement within Brazil and demonstrates the importance of this growing market," said Marc Duvall, president of Aerostructures. "Being selected by Avianca also underscores our capability in serving South American customers' MRO needs through our maintenance facility, which relocated from Sao Carlos to Atibaia last year."

A nacelle is the structure that surrounds the engine on an aircraft that improves fuel savings, reduces noise and assists in stopping the aircraft upon landing.

Avianca's vision is to be the best airline in Brazil in quality, services, profitability and work environment. More information is available at http://www.avianca.com.br

UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. UTC Aerospace Systems supports a global customer base with significant worldwide manufacturing and customer service facilities.

United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries.

www.utcaerospacesystems.com  

SOURCE UTC Aerospace Systems

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,300.33 -80.08 -0.49%
S&P 500 1,884.48 -2.28 -0.12%
NASDAQ 4,256.3440 -2.0940 -0.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs