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PRESS RELEASE

Tigerair Selects PurePower® Engines for New Airbus Aircraft

Tigerair Selects PurePower® Engines for New Airbus Aircraft

EAST HARTFORD, Conn., Monday, March 24, 2014

Tigerair selected Pratt & Whitney's PurePower PW1100G-JM engines for 37 firm A320neo aircraft. Deliveries are scheduled to commence in 2018. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).

"Pratt & Whitney is delighted to introduce the PurePower engine family in Singapore, a very important region for the company," said Dave Brantner, president, Pratt & Whitney Commercial Engines. "We are also confident that we will enter into service with an engine that meets or exceeds the fuel burn specifications as promised which will provide superior environmental and economic performance."

Mr. Koay Peng Yen, Group CEO of Tigerair said, "These PurePower engines promise greater fuel efficiency for our aircraft, thereby delivering larger cost savings for the airline. We can in turn pass these savings on to Tigerair's customers, so they enjoy even greater value when they fly with us."

Tigerair, established in 2004, is a leading Singapore-based no-frills airline that offers affordable travel options and a seamless customer experience. Tigerair comprises three airlines, namely Tigerair Singapore, Tigerair Mandala and Tigerair Australia. Collectively, the group's network extends to over 50 destinations across 14 countries in Asia Pacific. As of March 20, 2014, Tigerair operates a fleet of 48 Airbus A320-family aircraft, averaging less than three years of age.

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. To learn more about UTC, visit its website at www.utc.com, or follow the company on Twitter: @UTC.

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement priorities and practices, budget plans and availability of funding, and in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the companies' Securities and Exchange Commission filings.

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Airbus