Pratt & Whitney to Provide PurePower® PW1100G Engines on Airbus A320neo Order for International Lease Finance Corporation
EAST HARTFORD, Conn., Tuesday, March 8, 2011
Pratt & Whitney will provide power for up to 100 Airbus A320neo family aircraft ordered by International Lease Finance Corporation (ILFC) as part of a contract announced today. The agreement includes 120 firm PurePower PW1100G engines for 60 aircraft and options for up to 80 engines for the additional 40 aircraft with deliveries scheduled to begin in 2016. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).
"We're pleased to partner with Pratt & Whitney to power our new Airbus A320neo family fleet," said Henri Courpron, ILFC chief executive officer. "We look forward to extending the benefits of this new engine technology, which will improve fuel efficiency and address other environmental advantages for our customers."
Each ILFC Airbus A320neo family aircraft as part of this agreement will be powered by two PurePower PW1100G engines with benefits including double-digit reductions in fuel burn, environmental emissions, engine noise and operating costs when compared with today's engines.
"We congratulate Pratt & Whitney for this first selection of their new PurePower PW1100G engine for the A320neo," said Airbus Chief Operating Officer, Customers, John Leahy. "We look forward to mutually satisfying our customers with the world's most reliable and eco-efficient single–aisle aircraft family."
"Pratt & Whitney is delighted with this strong endorsement of the PurePower PW1100G engine," said Todd Kallman, Pratt & Whitney Commercial Engines & Global Services president. "We look forward to extending the PurePower engine's benefits to ILFC with this first engine selection for the A320neo family aircraft."
Pratt & Whitney has more than 800 PW1000G engines on order, including options. The PurePower engine uses an advanced gear system allowing the engine's fan to operate at a different speed than the low-pressure compressor and turbine. The combination of the gear system and an all-new advanced core delivers double-digit improvements in fuel efficiency and environmental emissions as well as a 50 percent reduction in noise.
ILFC is the international market leader in the leasing and re-marketing of commercial jet aircraft to airlines around the world. The people of ILFC have a strong commitment to aviation and its role in building relationships across the globe that drive innovation, prosperity, and understanding. ILFC owns a portfolio consisting of approximately 950 jet aircraft.
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries.
This release includes "forward looking statements" concerning future business opportunities and other matters involving this engine that are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include changes in the health of the global economy and the strength of end market demand in the aerospace industry; as well as company specific items including the ability to achieve cost reductions at planned levels; challenges in the design, development, production and support of advanced technologies including this engine, and new products including the engine discussed in this press release; and delays and disruption in delivery of materials and services from suppliers. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information included in UTC's 10-K and 10-Q Reports under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results," as well as the information included in UTC's Current Reports on Form 8-K.
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