UTC OTIS UTC CLIMATE, CONTROLS & SECURITY PRATT & WHITNEY UTC AEROSPACE SYSTEMS
PRESS RELEASE

BOC Aviation Selects V2500® Engines for 12 Aircraft Order

EAST HARTFORD, Conn., Friday, March 13, 2015

BOC Aviation has selected the V2500 engine to power 12 Airbus A320ceo family aircraft orders it recently placed. The V2500 engine is offered through IAE International Aero Engines, an aero engine consortium led by Pratt & Whitney (NYSE: UTX) in collaboration with Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.

"This new order continues to demonstrate our confidence in the V2500 engine as a fuel-efficient workhorse that has powered more than 140 aircraft in our history, and will power a significant portion of our A320 family fleet on order," said Robert Martin, managing director and chief executive officer of BOC Aviation. "The A320 family is a key aircraft type in our fleet, and our longstanding relationship with IAE enables us to provide an attractive airframe and engine solution for our global customer base."

"We are excited to expand our partnership with BOC Aviation to include additional A320ceo family aircraft," said Greg Gernhardt, president, Pratt & Whitney Commercial Engines. "The V2500 engine has a long-standing track record of superior performance and has been a trusted power plant for the A320ceo family aircraft for BOC Aviation and its airline partners for many years."

To date, more than 6,300 V2500 engines have been delivered to nearly 200 customers around the world.

BOC Aviation is a leading global aircraft leasing company with a portfolio of 250 owned and managed aircraft operated by 60 airlines worldwide in 31 countries, with commitments to acquire 201 aircraft, as of December 31, 2014. The company has one of the youngest fleets in the industry with an average owned aircraft age of less than four years. BOC Aviation, owned by Bank of China, is based in Singapore with offices in Dublin, London, Seattle and Tianjin.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. United Technologies Corp., based in Hartford, Connecticut, provides 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 levels of demand in the aerospace industry, in levels of air travel, 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 United Technologies Corps.' Securities and Exchange Commission filings.

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