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PRESS RELEASE

Cebu Pacific signs the order

Cebu Pacific Air Selects Pratt & Whitney PurePower® PW1100G-JM Engines to Power Airbus A321neo Aircraft

FARNBOROUGH AIR SHOW, Monday, July 9, 2012

Cebu Pacific Air (PSE: CEB), the Philippines’ largest carrier, has selected Pratt & Whitney PurePower® PW1100G-JM engines for its order of 30 firm and 10 option A321neo aircraft. The agreement also includes a ten-year PureSolutionSM maintenance package for each engine. Deliveries are scheduled to begin in 2017. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX)

"We selected the Pratt & Whitney PurePower engine because of its fuel burn, emissions and noise benefits over today's engines," said Lance Gokongwei, Cebu Air Inc. president and CEO. "We are confident that the PurePower engine will deliver the lowest total operating costs for our fleet of Airbus A321neo aircraft."

"Pratt & Whitney is very pleased that Cebu Pacific selected the PurePower engine to power its Airbus A321neo fleet," said Todd Kallman, Pratt & Whitney Commercial Engines president. "We look forward to providing Cebu with the best technology available today with the PurePower Geared Turbofan™ engine."

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 fuel efficiency and environmental benefits.

Cebu Air Inc. is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline. CEB currently operates 10 Airbus A319, 20 Airbus A320 and 8 ATR-72 500 aircraft. Its fleet of 38 aircraft – with an average age of 3.6 years – is one of the youngest aircraft fleets in Asia. Between 2012 and 2021, Cebu Pacific will take delivery of 22 more Airbus A320 and 30 Airbus A321neo aircraft orders. In 2013, CEB will take delivery of 4 Airbus A330 wide-body aircraft to launch its long haul operations in the same year. More information about CEB is available at www.cebupacificair.com.

PureSolution service agreements provide flexible and comprehensive aftermarket solutions for PurePower engine family operators and ensure lowest cost of ownership throughout the engine life cycle.

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 commercial building industries. Please visit www.utcaero.com for news from Pratt & Whitney and United Technologies at the Farnborough Air Show 2012.

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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.

Learn more about the Pratt & Whitney PurePower engine here. Follow the PurePower engine on Twitter, Facebook, and YouTube.