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Pratt Whitney Canada PWC a business unit of Pratt Whitney today announced that it has entered into a collaboration with American Express Amex to offer eligible customers a new solution which will allow them to extend the payment term on the purchase of a new or used PWC engine. This new payment solution is part of our growing portfolio of services which allows us to offer our customers greater flexibility when it comes to acquiring an engine. It demonstrates our commitment to developing services that meet their evolving needs contextualizes Irene Makris Vice President Customer Service at Pratt Whitney Canada. Many of our customers are turning to payment terms better suited to their engine and the specifics of their flight operations to improve their working capital. The new payment solution offered in partnership with Amex will be attractive to customers with commercial activities who wish to take advantage of extended payment terms with the aim of generating new income from the driving asset before having to pay. American Express is committed to providing payment solutions to help businesses gain flexibility and improve working capital for new growth opportunities said Phanikar Yenamandra vice president B2B strategy Global Commercial Services American Express. Canada. We are pleased to partner with Pratt Whitney Canada and offer a payment solution that adds value to its customers. Amexs payment solution will be offered during the pilot phase for new and used engines sold directly or on trade-in as well as those sold under the PWCSMART TM program . Engine swaps where there is an exchange of the used engine for a new engine for a used engine with cycles remaining before the overhaul or for a freshly overhauled engine are gaining in popularity because such an operation involves less logistics than an overhaul and less time in the workshop. Our portfolio of flexible maintenance and payment solutions is constantly evolving says Ms. Makris . Alongside our collaboration with Amex we recently unveiled our aftermarket solutions portfolio which includes lease- to-own lease-on-lease and long-term lease solutions. All of these possibilities allow customers to conserve their capital reduce operating costs and extend the life of the device at lower costs. These terms are in addition to other payment solutions already offered by PWC partners. About Pratt Whitney Pratt Whitney is a world leader in the design manufacture and service of aircraft and helicopter engines and auxiliary power units.
