Sequa's Chromalloy Gas Turbine Unit Receives Major Service Agreement Award from Delta Air Lines.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Delta Air Lines' Technical Operations division (TechOps) has announced a major strategic partnership agreement with Sequa's Chromalloy Gas Turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. unit. The announcement was made during an April 19th press conference held by Delta at the MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. 2007 Conference and Exhibition in Atlanta, Georgia. The proposed five year agreement involves provision of engine components and services in support of the CF6-80A and CF6-80C2 engine models powering Delta's extensive Boeing 767 widebody fleet, and includes support of Delta's third-party contract engine customers. "Chromalloy is delighted to be a part of Delta's plan for the future by providing high quality CF6-80A and CF6-80C2 engine components for the airline's maintenance and overhaul operations," stated Chris Richardson Christopher Michael Richardson (born February 19, 1984) is an American singer who finished in the top six on the sixth season of American Idol. He was eliminated on May 2, 2007. , Chromalloy's Vice Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Delta TechOps is highly regarded in the MRO industry for providing maintenance services for not only Delta's own engines, but also for third parties." "Strategic partnerships like the one we've entered into with Chromalloy continue to further establish Delta TechOps as a leader in the MRO industry," said Tony Charaf, senior vice president of Delta TechOps. "We are pleased to be partnering with Chromalloy and look forward to continuing to grow our relationship." For the past several years, Chromalloy has provided Delta with a broad range of CF6-80A and CF6-80C2 engine component maintenance services. This new strategic partnership award includes additional components and signifies Delta's continued confidence in Chromalloy's ability to deliver value and savings to the airline and TechOps' customers. Chromalloy Gas Turbine Corporation, Sequa's largest business unit, provides the airline industry with aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. services and ranks as the leading independent supplier of advanced repairs for jet engine parts. Chromalloy also serves the industrial and marine gas turbine market and the military market. Delta TechOps is the largest airline MRO in North America, earning more than $312 million in revenue in 2006. In addition to providing maintenance and engineering support for Delta's fleet of 440 aircraft, Delta TechOps serves more than 100 aviation and airline customers from around the world, specializing in high-skill work on engines, components, hangar and line maintenance. Delta TechOps employs more than 6,500 maintenance professionals and is one of the most experienced MRO providers in the world with more than seven decades of aviation expertise. Sequa Corporation is a diversified manufacturer with operations organized around six segments: aerospace, automotive, metal coating, specialty chemical A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. , industrial machinery, and other products. For additional information visit www.sequa.com. Note: This press release may include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties. A number of factors, including political, currency, regulatory and competitive and technological developments, could result in material differences between actual results and those outlined in any forward-looking statements. For additional information, see the comments included in Sequa's filings with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion