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PRESS RELEASE

Volaris Receives Pure-V™ Engine Designation

PHOENIX, Ariz., Thursday, April 10, 2014

IAE International Aero Engines AG has awarded Volaris, a low-cost airline based in Mexico, the Pure-V designation for V2500® engines currently powering its 46 A320ceo family aircraft.

Volaris recently selected the V2500 engine to power its order for an additional 14 A320ceo aircraft. The order included engines, spares and aftermarket services.

"Our V2500 engines help drive our high operational efficiency and maintain our lowest cost operator in the Americas status," said Enrique Beltranena, Volaris chief executive officer. "OEM maintenance agreements help reduce fuel consumption, have fewer removals and help maintain residual value as well as engine reliability."

"We are proud that leading operators such as Volaris are powering their fleets with our engines and flying them with OEM parts and repairs as evidenced by this Pure-V designation," said Matthew Bromberg, president, Pratt & Whitney Aftermarket. "They have been a customer since 2006, and we look forward to a long relationship with them."

A Pure-V designated engine contains IAE-approved parts and repairs throughout the entire engine. The program was created to provide a designation for V2500 engines that have been maintained to OEM standards, for example those covered by a Fleet Hour Agreement (FHA), and to recognize the superior value of these engines. According to IAE's records, approximately 60 percent of the V2500 fleet qualifies as Pure-V.

IAE's records have shown that engines maintained to OEM standards consume less fuel, have fewer unscheduled removals and have up to 20 percent longer time-on-wing between shop visits.

IAE's Pure-V engine program is designed to help operators and lessors enhance residual values for their V2500 engines. The program rewards operators who maintain OEM build standard engines with extended warranties on parts. IAE can also provide a customized conversion kit for engines that do not currently meet the Pure-V standard.

Volaris is the airline operating the most modern fleet in Mexico, composed of 46 Airbus A320 family aircraft averaging four years in service. The airline serves 87 routes connecting 30 cities in Mexico and 11 in the US, including Los Angeles, Oakland/San Francisco, San José, San Diego, Fresno, and Sacramento in California; Las Vegas, Nev.; Chicago, Ill.; Orlando, Fla.; Denver, Colo., and Phoenix, Ariz. The carrier started operations in March 2006 and has over 2,600 Ambassadors – or employees.

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 6,000 V2500® engines have been delivered to close to 200 customers around the world.

Pure-VTM is a trademark of United Technologies Corporation – Pratt & Whitney and is licensed to IAE International Aero Engines AG.

IAE International Aero Engines AG: www.i-a-e.com
Twitter: http://twitter.com/IAEengines
Facebook: http://www.facebook.com/IAEengines
For information on Pure-V™ visit: http://www.pure-v-engine.com

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