Aviation Capital Group Selects Pratt & Whitney PurePower® Engines for Airbus A320neo Aircraft

PARIS AIR SHOW, Tuesday, June 18, 2013

Aviation Capital Group (ACG) has selected Pratt & Whitney PurePower PW1100G-JM engines to power 12 firm A320neo aircraft. Deliveries are scheduled to start in 2018. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX).

"We are pleased to add these Pratt & Whitney PurePower PW1100G-JM-powered Airbus A320neo aircraft to our growing portfolio of over 260 single and twin-aisle commercial jets. These new fuel-efficient aircraft will enhance ACG's position as a preferred fleet strategy solutions provider to airlines worldwide," said Denis Kalscheur, ACG chief executive officer.

"We look forward to our PurePower PW1100G-JM engines supporting ACG's customers with reliability and operational efficiency," said Todd Kallman, Pratt & Whitney Commercial Engines president.

Each of the 12 ACG Airbus A320neo family aircraft will be powered by two PurePower engines. Pratt & Whitney has announced orders for more than 3,500 engines that include announced and unannounced firm orders, plus options. The PurePower family of engines 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 deliver the improvements in fuel efficiency, environmental emissions and noise.

Headquartered in Newport Beach, Calif., ACG is a global commercial jet aircraft leasing and asset management company. Founded in 1989, it is actively engaged in aircraft acquisition and leasing to airlines worldwide. ACG also provides asset management services for aircraft investors and institutional clients.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, auxiliary and ground power units, and small turbojet propulsion products. United Technologies Corp., based in Hartford, Conn., is a diversified company providing high technology products and services to the building and aerospace industries. For updates from United Technologies Corp.'s aerospace businesses visit www.utcaero.com or follow @UTC on Twitter.

This release includes "forward looking statements" concerning anticipated business opportunities that are subject to risks and uncertainties, including with regard to the programs described in this release. Risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the effect of economic conditions in the markets in which we operate, including financial market conditions, and fluctuation in interest rates, commodity prices and foreign currency exchange rates; levels of end market demand in the aerospace industry, including levels of demand for the new aircraft described in this release; levels of air travel; financial difficulties of commercial airlines; the financial condition of suppliers; and challenges in the design, development, production and support of advanced technologies and new products and services. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's 10-K, 10-Q and other reports filed with the SEC.