Garmin® and Pratt & Whitney Canada Offer King Air® Aircraft Upgrade Incentives

Substantial savings when upgrading avionics and engines simultaneously

Thursday, November 12, 2015 6:00 am CST

Dateline:

OLATHE, Kan.

Public Company Information:

NASDAQ:
GRMN
KYG372601099
"We are proud to collaborate with Garmin on this joint promotional offer that enables our PT6A engine customer base to benefit from enhanced value on the iconic King Air product line"

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), and Pratt & Whitney Canada (P&WC), a United Technologies Corp. company, today announced new incentives to provide King Air® aircraft owners and operators significant savings on the G1000® Integrated Flight Deck and qualifying P&WC engine upgrades. The upgrade incentives apply to a broad range of King Air aircraft models. On the King Air 300/350 aircraft, customers will receive a free G1000 Integrated Flight Deck upgrade with the purchase of a new pair of PT6A-60A engines via P&WC’s Fleet Enhancement exchange Program. Other eligible engine and avionics upgrades will qualify for savings of up to US$105,000, providing customers with high-performance technologies that expand aircraft utility and greatly improve the capability and reliability of their King Air aircraft.

“Pairing together the industry’s most popular engine and avionics upgrades for the King Air provides our customers with an enticing package that exceeds any other incentive for King Air aircraft on the market today,” said Carl Wolf, vice president of aviation marketing and sales. “By incorporating a Garmin Integrated Flight Deck and upgraded P&WC engines, King Air aircraft owners and operators will receive a number of benefits, including enhanced reliability, added utility, greater capability and more – all to an aircraft that is well-known and respected among the industry for its remarkable performance attributes.”

King Air aircraft owners and operators can receive substantial savings on upgrades offered by Garmin and P&WC. Through January 29, 2016, customers who pursue simultaneous engine and avionics upgrades offered by both companies may be eligible to save up to US$105,000. Furthermore, King Air 300/350 aircraft owners and operators who elect to perform the Fleet Enhancement Program (FEP) upgrade offered through P&WC may be eligible for a G1000 upgrade at no cost. Customers who have pursued either a G1000 retrofit or select P&WC PT6A engine upgrades within the last calendar year may also be eligible for incentives.

The G1000 Integrated Flight Deck retrofit program provides pilots with superior situational awareness tools, which support a wide range of capabilities including coupled Wide Area Augmentation System (WAAS/SBAS) approaches. Superior flight control technology is provided by Garmin’s integrated autopilot, offering optimized performance throughout the aircraft’s flight envelope. LPV/APV approach capability adds more utility to existing aircraft and is among a number of safety enhancing benefits offered by the G1000 suite. With the G1000 upgrade, these aircraft also receive a fully integrated, FAA/EASA rule-compliant Automatic Dependent Surveillance-Broadcast (ADS-B) Out solution, so aircraft are positioned to meet NextGen industry requirements. Factory new zero-time avionics contribute to a total weight savings of up to 200 pounds and significantly reduce cost of ownership and operation.

“We are proud to collaborate with Garmin on this joint promotional offer that enables our PT6A engine customer base to benefit from enhanced value on the iconic King Air product line,” said Denis Parisien, vice president, General Aviation at P&WC.

Pratt & Whitney Canada’s engine exchange programs covered under this new incentive include the PT6SMARTSM Flat Rate Engine Exchange Program, the Converter Enhancement Program (CEP) and the Fleet Enhancement Program (FEP). Aircraft life is further extended with zero-time factory engine overhauls through the PT6SMARTSM program, which minimizes aircraft down time and offers a cost effective approach to engine maintenance. Factory-new engines offered through the CEP provide operators with performance improvements including range, speed, fuel efficiency and more, while also offering an associated warranty with the engine upgrade. The FEP maximizes aircraft dispatch reliability and reduces operating and maintenance costs. Customers also receive new life-limited components, a new factory warranty and realize enhanced aircraft resale value associated with the FEP and CEP upgrade programs.

For more details regarding the incentives offered by Garmin and Pratt & Whitney Canada, contact Scott Frye at 913-440-2412 (Garmin) or Denis Latremouille at 450-647-3976 (P&WC). For a comprehensive list of King Air aircraft models and qualifying engine types related to the new incentives, visit: www.garmin.com/kingair or www.pt6smart.ca. Visit the Garmin exhibit (C8943) or the Pratt & Whitney Canada exhibit (C10807) at the National Business Aviation Association (NBAA) Convention & Exhibition in Las Vegas, NV, November 17-19, 2015 for additional information.

Garmin’s aviation business segment is a leading provider of solutions to OEM, aftermarket, military and government customers. Garmin’s portfolio includes navigation, communication, flight control, hazard avoidance, an expansive suite of ADS-B solutions and other products and services that are known for innovation, reliability, and value. For more information about Garmin’s full line of avionics, go to www.garmin.com/aviation.

For more than 25 years, Garmin has pioneered new GPS navigation and wireless devices and applications that are designed for people who live an active lifestyle. Garmin serves five primary business units, including automotive, aviation, fitness, marine, and outdoor recreation. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garmin, or youtube.com/garmin.

About Garmin

Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin and G1000 are registered trademarks of Garmin Ltd. or its subsidiaries.

All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2014, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

*Valid with select Pratt & Whitney Canada engine upgrades

Multimedia Files:

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G1000 Integrated Flight Deck in a King Air (Photo: Business Wire)
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Contact:

Garmin International Inc.
Jessica Koss, 913-397-8200
media.relations@garmin.com

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