ALAFCO Opts for Pratt & Whitney PurePower® PW1100G-JM Engines for Airbus A320neo Aircraft Family
Alafco Aviation Lease and Finance Co. KSCC (ALAFCO) selected Pratt & Whitney PurePower PW1100G-JM engines to power its order of 50 firm A320neo family aircraft. Deliveries are scheduled to start in 2017. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).
"ALAFCO is committed to offering the best aircraft options to its valued customers," said ALAFCO Chairman and CEO Ahmad A. Alzabin. "Selecting the PurePower Geared Turbofan™ engine for our Airbus A320neo family aircraft ensures the best fuel burn, noise and emission reductions, which equates to benefits with real savings for our customers." Each ALAFCO Airbus A320neo family aircraft will be powered by two PurePower PW1100G-JM engines with benefits including double-digit reductions in fuel burn, environmental emissions, engine noise and operating costs when compared with today's engines.
"Pratt & Whitney welcomes ALAFCO as a new customer," said Todd Kallman, Pratt & Whitney Commercial Engines & Global Services President. "We are confident the PurePower engine's performance and benefits will meet the expectations of ALAFCO and its customers."
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 the fuel efficiency and environmental benefits.
Formed in 1992, ALAFCO is a Kuwait-based aircraft leasing company that is listed on the Kuwait Stock Exchange. The company leases 48 Airbus and Boeing aircraft to various airlines in Europe, Asia, Africa, Middle East and the Caribbean. ALAFCO's growth plans call for an increase in the number of leased aircraft in its portfolio to 100 by 2018.
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.