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TransAsia Airways Selects Pratt & Whitney PurePower® PW1100G-JM Engines to Power Airbus A321neo Aircraft

SINGAPORE AIR SHOW, Singapore, Wednesday, February 15, 2012

TransAsia Airways has selected Pratt & Whitney PurePower PW1100G-JM engines to power its order of six firm and six option A321neo aircraft. The deal includes a 10-year PureSolutionSM maintenance service agreement for 27 engines, including spare and option engines. Deliveries are scheduled to start in 2017. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).

TransAsia Airways also selected International Aero Engines’ (IAE) V2500 engine to power its order for six A321 standard aircraft.

“We are impressed with the operational and environmental benefits of the PurePower engines,” said Vincent Lin, CEO of TransAsia Airways. “For years we have counted on IAE engines to power our fleet, and these orders reaffirm our confidence in IAE and Pratt & Whitney.”

“We are truly honored that TransAsia selected IAE and Pratt & Whitney to power its new A321 aircraft fleet," said Todd Kallman, Pratt & Whitney Commercial Engines & Global Services president. “We look forward to growing our relationship even further with the delivery and service of these new dependable engines.”

Each TransAsia Airways 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.

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.

Established in 1951, TransAsia was the first private airline in Taiwan and has since grown to be one of the nation’s three largest carriers. It is a publically listed company on the Taiwan Stock Exchange and is expanding rapidly to all the major Asian cities within a flight duration of nine hours including Australia, New Zealand and the Middle East. TransAsia Airways is headquartered in Taipei, Taiwan. For more information on TransAsia Airways, visit http://www.tna.com.tw/en/index.aspx.

About Pratt & Whitney

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.

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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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