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PRESS RELEASE

BOC Aviation Confirms Order for Additional IAE V2500 Engines

PARIS AIR SHOW, Tuesday, June 18, 2013

BOC Aviation awarded IAE International Aero Engines AG with an engine order for 13 firm A320 family aircraft. Deliveries are scheduled from May 2014 to December 2016. The new order brings the total number of V2500-powered aircraft ordered by BOC Aviation to more than 110.

"IAE appreciates BOC Aviation's continued support of the V2500 engine over the last 15 years," said IAE President Jon Beatty. "Our two organizations have worked closely together over the years to provide operators with reliable and efficient engines."

Robert Martin, managing director and chief executive officer of BOC Aviation, said, "This new order for V2500 engines demonstrates the confidence BOC Aviation and our customers have in the operating economics of this fuel-efficient workhorse. The A320 family has been the backbone of our fleet since 1998, and we are pleased that our longstanding relationship with IAE provides a sound solution for this popular type of aircraft among our customers."

BOC Aviation is the leading Asia-based aircraft leasing company with one of the youngest fleets in the industry with an average aircraft age of less than four years. BOC Aviation is 100 percent owned by Bank of China, one of the largest banks in the world.

About IAE: IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney (NYSE: UTX), Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. To date, more than 5,700 engines have been delivered and more than 1,600 more engines are on order with close to 200 customers around the world.

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