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Pratt & Whitney Wins US$56 Million Order for V2500 Engines from Shanghai Airlines

Written by thomas · Filed Under Commercial 

July 16, 2008

thomas

FARNBOROUGH, England, July 16 /PRNewswire-FirstCall/ — FARNBOROUGH AIR
SHOW — Shanghai Airlines has selected the International Aero Engines V2500
to power 10 Airbus A321s. The deal is worth more than $56 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).

Shanghai Airlines is due to receive its first aircraft in July 2009.
The V2500 currently holds 80 percent market share on all A321s in service
in China, driven by the fact that it offers the lowest fuel burn, lowest
noise and lowest emissions of any engine on this aircraft.

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.

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.

» Próximo Post - Pratt & Whitney Wins US$133 Million Order for V2500 Engines from Aviation Capital Group
« Post Aneterior - Vietnam Airlines Selects IAE V2500 Engine for Leased A321 Fleet

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