2008-07-16 07:06:00
FARNBOROUGH, England, July 16 /EMWNews-FirstCall/ -- FARNBOROUGH AIR SHOW -- China-based Hainan Airlines has selected the International Aero Engines V2500 to power 13 Airbus A320 aircraft, backed by a long-term, V2500Select(SM) aftermarket agreement. The combined engine and aftermarket deal is valued at more than $116 million to Pratt & Whitney, if all options are exercised. Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, is a major participant in International Aero Engines (IAE). Hainan Airlines placed an initial order to power a total fleet of 20 A319 aircraft. The airline took delivery of its first V2500-powered aircraft in June. The V2500-A5 is available in seven different thrust settings ranging from 22,000 lbs. to 33,000 lbs. to power the Airbus A319, A320 and A321 family of aircraft, as well as the A319 Corporate Jet. More than 5,000 V2500 engines are in service or on firm order. V2500Select(R) is a tailored package combining aftermarket support and the V2500 SelectOne(TM) engine upgrade, providing operators with reduced operating costs and a predictable budget. In China, the V2500 powers 195 aircraft in service and during the past 18 months has been selected on over 160 additional A320-family aircraft placed on firm order in the region. IAE is a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines. More than 1,300 V2500-powered aircraft have been delivered and the worldwide fleet has accumulated over 40 million flying hours. Pratt & Whitney has over 16,000 aircraft engines installed with hundreds of airlines around the world. Additionally, Pratt & Whitney is a leading partner in two joint venture companies that manufacture commercial aircraft engines: International Aero Engines, which makes the V2500 for the Airbus A320 family of aircraft, and the Engine Alliance, whose GP7200 engine is FAR 33 certified for the new Airbus A380. Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries. This release includes "forward looking statements" concerning anticipated business opportunities that are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include changes in the health of the global economy and the aerospace industry. 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.
Matthew Perra Jennifer Whitlow Pratt & Whitney Commercial Engines Pratt & Whitney Int'l Mobile: +1.860.595.6515 Int'l Mobile: +1.860.214.7502 [email protected] [email protected]
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