Pratt & Whitney Global Service Partners purchases remaining Japan Turbine Technologies shares

Pratt & Whitney Global Service Partners has purchased Japan Airlines’ stake in Japan Turbine Technologies, a commercial gas turbine engine part repair facility. Japan Turbine Technologies has been a joint venture between Pratt & Whitney and Japan Airlines since 2000, with Pratt & Whitney being the majority partner since that time. With the acquisition of Japan Airlines’ 33.4% stake, Japan Turbine Technologies becomes a wholly owned Pratt & Whitney facility. Based just outside Tokyo, Japan Turbine Technologies provides repair services for turbine airfoils installed on large commercial gas turbine engines. The agreement’s financial terms were not disclosed.