|
Pratt &
Whitney Wins US$330 Million V2500 Engine Deal from
Tiger Airways
EAST HARTFORD, Conn.
Singapore-based Tiger Airways has selected the
International Aero Engines V2500 to power up to 50
new Airbus A320-family jets. The order for
engines to power 30 firm and 20 option aircraft is
valued at more than US$330 million for Pratt &
Whitney if all options are exercised. The
engines will be backed by a long-term V2500SelectSM
service agreement. Pratt & Whitney, a
United Technologies Corp. (NYSE: UTX) company, is a
major partner in International Aero
Engines.
"Tiger Airways has quickly
become one of Asia's top low-cost carriers and we
are proud that the V2500 has played a part in the
airline's strong growth," said Todd Kallman,
president of Pratt & Whitney Commercial Engines
and IAE board member. "Tiger Airways is
demonstrating their continued confidence in the
V2500 with this order for additional
engines."
The 22,000-33,000lb of
thrust V2500-A5 is available in seven different
thrust settings to power the Airbus A319, A320 and
A321 family of aircraft as well as the A319
Corporate Jet.
IAE is a multinational
aero engine consortium whose shareholders comprise
Pratt & Whitney (NYSE: UTX), Rolls-Royce
(RR.L.), the Japanese Aero Engines Corporation and
MTU Aero Engines. More than 1,400
V2500-powered aircraft have been delivered and the
worldwide fleet has accumulated over 50 million
flying hours.
Pratt & Whitney has
over 17,000 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 expected
revenue, earnings, cash flow and other matters 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 the health of
the global economy; strength of end market demand
in building construction and in both the commercial
and defense segments of the aerospace industry;
fluctuation in commodity prices, interest rates,
foreign currency exchange rates, and the impact of
weather conditions; and company specific items
including the availability and impact of
acquisitions, the rate and ability to integrate
these acquired businesses effectively, the ability
to achieve cost reductions at planned levels, and
the outcome of legal proceedings. For information
identifying other important economic, political,
regulatory, legal, technological, competitive and
other uncertainties, see UTC's SEC filings as
submitted from time to time, including but not
limited to, the information included in UTC's 10-K
and 10-Q Reports under the headings "Business,"
"Risk Factors," "Management's Discussion and
Analysis of Financial Condition and Results of
Operations" and "Cautionary Note Concerning Factors
that May Affect Future Results," as well as the
information included in UTC's Current Reports on
Form 8-K.
Matthew
Perra
Pratt & Whitney
Commercial Engines
+1.860.565.8938
matthew.perra@pw.utc.com
Jennifer
Whitlow
Pratt &
Whitney
+1.860.565.9600
jennifer.whitlow@pw.utc.com
|
