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Delta Air Lines' Technical Operations division (TechOps) has
announced a major strategic partnership agreement with Sequa's
Chromalloy Gas Turbine unit. The announcement was made during an April
19th press conference held by Delta at the MRO North America 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, Chromalloy's Vice Chairman and CEO. "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 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, 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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