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PRESS RELEASE

IAE Inks New Engine Deal with CALC

PARIS AIR SHOW, Tuesday, June 18, 2013

China Aircraft Leasing Company Ltd. (CALC) has entered into an agreement under which IAE International Aero Engines AG will provide V2500 engines to power 11 new A320 family aircraft.

The new aircraft are part of CALC's goal to grow its operating leasing fleet. CALC chose the V2500 to power its new aircraft because of IAE's strong presence and relationships in China. It is a trusted and reliable engine with a track record of continuous improvements.

"We appreciate CALC's selection of the V2500 and look forward to growing our relationship," said IAE President Jon Beatty. "The V2500 is a proven engine that has demonstrated remarkable performance under a wide range of operating conditions, including high-altitude missions. We are proud to have the opportunity to help CALC achieve its goals."

Today the V2500 powers a total of approximately 550 A320 family aircraft in service and on firm backlog in China making it the segment leader in the region. It has also become the preferred engine for A321 operators in China with engines on more than 70 percent of all aircraft. In addition to providing a superior fuel burn advantage over the competition, it offers improved time on wing (TOW) and the lowest noise and emissions.

China Aircraft Leasing Company Limited (CALC) was founded in 2006 and is headquartered in Hong Kong. It has representative offices in Beijing, Shanghai, Shenzhen and Tianjin in China, as well as in Toulouse and Ireland. CALC has a wholly-owned leasing subsidiary in Tianjin, China. CALC's customers include Air China, China Southern, Shenzhen Airlines, Shandong Airlines and Chengdu Airlines.

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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