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Chromalloy Gas Turbine Corporation, a subsidiary of Sequa
Corporation (NYSE:SQAA) and American Airlines, a unit of AMR Corp.
(NYSE:AMR), announced they have jointly designed and developed PMA
JT8D-200 turbine blades for use in the American fleet which powers
over 300 American MD80 aircraft. The American JT8D-200 fleet is the
single largest large commercial engine fleet in the world.
The collaborative effort resulted in Chromalloy receiving FAA
design and manufacturing approval for all four stages of turbine
blades after the companies completed extensive engine testing both in
Chromalloy's and American's engine overhaul facilities.
The blades, which will be manufactured in Chromalloy's Carson City
Nevada facility, are covered under a long term supply agreement
between the companies.
"We are pleased to expand our productive and mutually beneficial
relationship with American Airlines," said Chris Richardson, vice
chairman and chief executive officer of Chromalloy Gas Turbine
Corporation.
"We're continuously looking for ways to reduce our costs within
our M&E organization without sacrificing our high standards of safety
and efficiency and to create competitive advantages for American. We
view the development of these parts with Chromalloy as achieving both
of these goals", said Bob Reding, senior vice president of technical
operations for American Airlines.
Chromalloy Gas Turbine Corporation, headquartered in San Antonio,
TX, specializes in the repair and manufacture of turbine components
for aircraft and industrial gas turbine engines. American Airlines is
the world's largest airline and is a founding member of the Oneworld
Alliance. American, American Eagle and the AmericanConnection (R)
airlines serve 250 cities in over 40 countries with more than 4,000
daily flights. The combined network fleet numbers more than 1,000
aircraft.
Sequa Corporation is a diversified manufacturer with operations
organized around six segments: aerospace, automotive, metal coating,
specialty chemicals, industrial machinery, and other products. For
additional information, visit www.sequa.com.
Note: This press release may include forward-looking statements
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.
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