Pratt & Whitney and Turkish Airlines Technic form MRO joint venture

Pratt & Whitney and Turkish Airlines Technic Inc. signed a joint venture agreement on January 7th, to build an aircraft engine overhaul center in Istanbul. Financial terms of the agreement were not disclosed. The joint venture facility, to be named Pratt & Whitney Turkish Technic Aircraft Engine Maintenance Center LLP, will overhaul V2500 and CFM56 engines. Construction will begin in early 2008 and the first engine is expected to be inducted in 2009. Once fully operational, the center is expected to overhaul up to 200 engines per year and will employ many of Turkish Technic’s experienced staff. The new facility will be Pratt & Whitney’s eighth commercial engine overhaul center.