This Day On The Street
Continue to site
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

UTC Aerospace Systems To Provide Qatar Airways With A Comprehensive Suite Of Nacelle Maintenance Services

CHARLOTTE, N.C., June 17, 2013 /PRNewswire/ --  PARIS AIR SHOW -- UTC Aerospace Systems has been chosen by Qatar Airways to provide a comprehensive suite of nacelle maintenance, repair and overhaul (MRO) services for selected Airbus aircraft operated by the Qatari flag-carrier. The agreement for services covers Airbus A300 aircraft powered by Pratt & Whitney PW4000 engines and A320 airplanes powered by V2500 engines built by International Aero Engines. The agreement between the airline and UTC Aerospace Systems' Aerostructures business is for ten years and covers full MRO services, including scheduled and unscheduled MRO, with asset and on-site support as required. UTC Aerospace Systems is a unit of United Technologies Corp. (NYSE: UTX).

The work will be performed at the UTC Aerospace Systems facility in Dubai, U.A.E.

"This agreement builds on the relationship we've built with Qatar Airways over the past few years, as we have performed MRO services on multiple aircraft platforms in their fleet," said Marc Duvall, president of UTC Aerospace Systems' Aerostructures business unit. "Being able to provide these services in Dubai underscores the value of our global network of support. With nine nacelle MRO facilities worldwide and more than 1.2 million square feet of MRO shop space, we can provide valued customers like Qatar Airways with the speed and ease of receiving high-quality service at a location that's convenient for them."

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.

Qatar Airways is the national airline of the State of Qatar operating a modern fleet of 124 aircraft to 127 destinations across Europe, Middle East, Africa, Asia Pacific, North America and South America from its Doha hub.

Qatar Airways currently has orders worth over US$50 billion for more than 250 aircraft, including Boeing 787s, 777s, Airbus A350s, A380s and A320 Family of aircraft. In addition to winning Skytrax's prestigious Airline of the Year 2011 and 2012, Qatar Airways was named Best Airline in the Middle East for the seventh year in a row, and its Premium Terminal at Doha International Airport was named Best Premium Service Airport for the third consecutive year in 2013. Skytrax is the only global independent passenger survey monitoring airline standards and is considered the ultimate benchmark for excellence in the airline industry. In October 2012, Qatar Airways became the first of the major Gulf carriers to officially announce plans to join a global alliance having been invited into the oneworld group. Qatar Airways plans to join oneworld by the end of the year. For more information, visit

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs