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PRESS RELEASE

BOC Aviation Chooses the V2500® Engine for A320ceo Order

PARIS AIR SHOW, Paris, Monday, June 15, 2015

BOC Aviation has selected the V2500 engine to power an additional 14 Airbus A320ceo family aircraft. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney (NYSE:UTX), Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.

"This order further underscores our confidence in the V2500 engine as a fuel-efficient workhorse for more than 150 aircraft in our history, and a significant portion of our A320 family fleet on order," said Robert Martin, managing director and chief executive officer, BOC Aviation. "Our longstanding relationship with IAE enables us to provide an attractive airframe and engine solutions for our global A320 family customer base."

"We are pleased that BOC Aviation has selected the V2500 engine for additional A320ceo family aircraft," said Greg Gernhardt, president, Pratt & Whitney Commercial Engines. "The V2500 engine has a strong track record of superior performance and has been chosen again as a reliable power plant for A320ceo family aircraft for BOC Aviation, as well as its airline customers for many years."

To date, more than 6,500 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 251 owned and managed aircraft operated by 60 airlines worldwide in 30 countries, with commitments to acquire 196 aircraft, as of 31 March 2015. BOC Aviation 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.

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 Corp.'s Securities and Exchange Commission filings.