Japan Airlines (JAL) has sold its stake in Japan Turbine Technologies to engine-maker, Pratt & Whitney. Japan Turbine Technologies – JAL’s commercial gas turbine engine part repair facility – has been a joint venture between Pratt & Whitney and JAL since 2000, with Pratt & Whitney being the majority partner since that time. With the acquisition of JAL’s 33.4% stake, Japan Turbine Technologies becomes a wholly-owned Pratt & Whitney facility.
“Pratt & Whitney Global Service Partners is pleased to complete the acquisition of Japan Turbine Technologies,” said Tom Hutton, Vice President of Pratt & Whitney Global Service Partners. “We look forward to providing our customers with the same world-class repair services they have come to expect from Pratt & Whitney Global Service Partners’ worldwide network.”
Based just outside Tokyo, Japan Turbine Technologies provides repair services for turbine airfoils installed on large commercial gas turbine engines. The financial terms of the deal were not disclosed.