UTX , recently announced its selection by Indian airline company IndiGo to supply the wheels and carbon brakes for its new fleet of new Airbus A320neo aircraft. The Landing Systems facility of UTC Aerospace Systems, located in Troy, OH, is expected to commence supply of the equipment from Nov 2015.
UTC Aerospace Systems will use its DURACARB carbon heat sink material for the A320 neo carbon brakes. This should foster extended brake life and lower maintenance costs, thereby generating significant cost savings.
The addition of IndiGo to its customer portfolio is a strategic move by UTC Aerospace to enhance its presence in the rapidly growing Indian passenger airline market. IndiGo is currently India's largest airline in terms of passenger volume. With the prevailing competitive environment in the aviation industry, UTC Aerospace mostly aims to cater to customer needs for building long-term relationships.
25/06/15 Zacks.com/Nasdaq.com
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UTC Aerospace Systems will use its DURACARB carbon heat sink material for the A320 neo carbon brakes. This should foster extended brake life and lower maintenance costs, thereby generating significant cost savings.
The addition of IndiGo to its customer portfolio is a strategic move by UTC Aerospace to enhance its presence in the rapidly growing Indian passenger airline market. IndiGo is currently India's largest airline in terms of passenger volume. With the prevailing competitive environment in the aviation industry, UTC Aerospace mostly aims to cater to customer needs for building long-term relationships.
25/06/15 Zacks.com/Nasdaq.com
