Ted Christie, senior vice president and CFO, Spirit Airlines; Jon Beatty, president, International Aero Engines; and David Hess, president, Pratt & Whitney, pose for a photo at a signing event at the Paris Air Show.
Spirit Airlines Selects PurePower® and V2500 Engines for 75 Airbus Aircraft
Spirit Airlines has selected Pratt & Whitney PurePower PW1100G-JM engines to power its order of 45 firm A320neo aircraft. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX). Spirit also selected International Aero Engines' (IAE) V2500 engine to power its order for 30 firm A320ceo aircraft.
"The operational and environmental benefits of the PurePower engine are very important to us," said Ben Baldanza, Spirit president and CEO. "This deal reaffirms our commitment and confidence in both Pratt & Whitney and IAE to power our fleet in the coming years."
"We are pleased that Spirit, an environmentally-friendly carrier, has chosen us to power their future fleet with our fuel efficient and environmentally friendly technology," said David Hess, Pratt & Whitney president and IAE board chairman. "We look forward to our engines servicing Spirit aircraft in the coming years enabling Spirit to grow their presence in the U.S., Latin America and the Caribbean."
The PurePower deal includes a 12-year PureSolutionTM maintenance service agreement for 98 engines, including spare engines. Deliveries are scheduled to start in 2018. Each Spirit 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.
The V2500 deal includes a 12-year V-ServicesSM maintenance service agreement for 64 engines, including spare engines. Deliveries are scheduled to start in 2016.
Spirit Airlines (Nasdaq: SAVE) empowers customers to save money on air travel by offering ultra low base fares with a range of optional services, allowing customers the freedom to choose only the extras they value. This innovative approach grows the traveling market and stimulates new economic activity while creating new jobs. Spirit's modern fleet, configuration and other innovations enable Spirit to burn less fuel per seat than competitors, making Spirit one of the most environmentally-friendly U.S. carriers. Spirit's all-Airbus fleet currently operates more than 200 daily flights to over 50 destinations in the U.S., Latin America and the Caribbean. Visit Spirit at www.spirit.com.
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, Connecticut, 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.
IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. To date, more than 5,400 engines have been delivered and nearly 1,800 more engines are on order with close to 200 customers around the world.
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.