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Delta Air Lines TechOps Signs Agreement With Air Berlin
TechOps strengthens insourcing business with first long-term European customer
ATLANTA, April 20 /PRNewswire-FirstCall/ -- Delta Air Lines' (NYSE: DAL)
TechOps division announced today that it has signed a five-year agreement to
provide engine support services for Air Berlin's Boeing 737-800 CFM56-7
engines.
"As a high-quality, low-cost carrier, we are very cost-conscious and our
ability to provide our customers with inexpensive and reliable service forces
us to be very selective of our maintenance providers," said Siegfried Olivo,
technical director for Air Berlin. "We selected Delta TechOps as our
maintenance partner because of their industry reputation for high quality work
and cost competitiveness. We believe that Delta will provide us with cost-
effective quality, which is in line with our business philosophy. We also
like the potential synergies, which may be possible when dealing with another
operator of the CFM56-7B."
TechOps insourcing has obtained a compounded annual growth rate (CAGR) of
47.7 percent over the past four years. With this contract, TechOps becomes
the leading engine overhaul provider outside the original equipment
manufacturers. By the close of 2004, TechOps expects to have produced more
than 40 CFM56-7 engines.
TechOps currently holds 60 percent of the CF6-80 A2 market and 40 percent
of the commercial PW2000 market. TechOps also plans to double its production
of customer CFM56-3 engine overhauls in 2004.
"TechOps owes it success to the Delta professionals who lead our business
to new heights every day," said Ray Valeika, senior vice president - TechOps.
"Thanks to their efforts, we are a strong competitor in the maintenance,
repair and overhaul industry, and we are the lowest cost provider on the
product lines we offer."
Delta TechOps is proud to be a sponsor of Aviation Week & Space
Technology's 2004 Maintenance, Repair and Overhaul Conference, including MRO
Military and MRO Latin America, which takes place this week in our hometown of
Atlanta, Georgia.
Delta's TechOps Division, staffed by more than 10,000 maintenance
professionals from around the world, provides maintenance and engineering
support services for Delta's fleet of aircraft in addition to customer
aircraft, engines and components. Services range from project engineering to
comprehensive turnkey agreements that provide all aircraft maintenance
services.
Delta Air Lines is proud to celebrate its 75th anniversary in 2004. Delta
is the world's second largest airline in terms of passengers carried and the
leading U.S. carrier across the Atlantic, offering daily flights to 491
destinations in 84 countries on Delta, Song, Delta Shuttle, the Delta
Connection carriers and its worldwide partners. Delta's marketing alliances
allow customers to earn and redeem frequent flier miles on more than 14,000
flights offered by SkyTeam, Northwest Airlines, Continental Airlines and other
partners. Delta is a founding member of SkyTeam, a global airline alliance
that provides customers with extensive worldwide destinations, flights and
services. For more information, please visit delta.com.
This release contains various forward-looking statements which represent
the company's estimates or expectations regarding future events. All forward-
looking statements involve a number of risks and uncertainties that could
cause the actual results to differ materially from the projected results.
Additional information is contained in Delta's Securities and Exchange
Commission filings, including its Form 8-K filed with the SEC on February 3,
2004. Caution should be taken not to place undue reliance on Delta's forward-
looking statements, which represent Delta's views only as of the date of this
release, and which Delta has no current intention to update.
SOURCE Delta Air Lines, Inc.
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