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PRESS RELEASE

Clarification Statement on IAE Commercial Production

EAST HARTFORD, Conn., Friday, October 21, 2011

IAE today is clarifying its expectations on future production for the V2500 engine following a recent news report that mischaracterized the consortium's plans.

Here are the realities of IAE's future:

IAE commercial production for the V2500 engine will continue for as long as customer demand for the A320 current generation family of aircraft exists, likely for decades to come.

With a strong commitment to excellence in technical and customer support, IAE has more than 4,500 V2500 engines in service and nearly 2,000 more engines on order.

IAE will compete for all orders for A320 current generation family of aircraft.

IAE and Pratt & Whitney are confident the V2500 and PurePower PW1100G-JM engines satisfy all the current and future needs of our valued commercial customers.

IAE is a multinational aero engine consortium comprised of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corp. and MTU Aero Engines.

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