Pratt & Whitney to Provide Fuel Efficient PurePower® Engines on ILFC Order for up to 100 Embraer E-J
Pratt & Whitney to Provide Fuel Efficient PurePower® Engines on ILFC Order for up to 100 Embraer E-Jets E2
PARIS--(BUSINESS WIRE)-- Pratt & Whitney will provide exclusive power for up to 100 Embraer E-Jets E2 aircraft based on the letter of intent announced by Embraer and International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYS: AIG) . The agreement represents up to 200 PurePower PW1900G engines with deliveries scheduled to begin in 2018. Pratt & Whitney is a division of United Technologies Corp. (NYS: UTX) .
"Pratt & Whitney is pleased to build on its long-standing partnership with ILFC," said Todd Kallman, Pratt & Whitney Commercial Engines President. "We are excited ILFC has chosen to add PurePower engine-powered Embraer Second Generation E-Jets to its already expansive fleet. The PurePower engine family offers significant benefits that have been proven extensively in more than 4,400 hours of ground and flight testing."
"ILFC is pleased to build on our strategic relationship with Pratt & Whitney as we integrate PurePower engine-powered Embraer E-Jets E2 into our fleet," said ILFC Chief Executive Officer Henri Courpron. "We are committed to offering the most advanced and suitable aircraft for our customers' ever-changing needs, and we expect these new Pratt & Whitney engines on our E-Jets E2 order to deliver exceptional performance in line with significant economic and environmental efficiencies for our global customer base."
These ILFC jets will be powered by two PurePower engines. Pratt & Whitney has announced orders for more than 3,500 orders that include announced and unannounced firm orders, plus options. The PurePower family of engines uses an advanced gear system allowing the engine's fan to operate at a different speed than the low-pressure compressor and turbine. The combination of the gear system and an all-new advanced core deliver the improvements in fuel efficiency, environmental emissions and noise.
This release includes "forward looking statements" concerning anticipated business opportunities that are subject to risks and uncertainties, including with regard to the programs described in this release. Risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the effect of economic conditions in the markets in which we operate, including financial market conditions, and fluctuation in interest rates, commodity prices and foreign currency exchange rates; levels of end market demand in the aerospace industry, including levels of demand for the new aircraft described in this release; levels of air travel; financial difficulties of commercial airlines; the financial condition of suppliers; and challenges in the design, development, production and support of advanced technologies and new products and services. 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.
For more information on the Pratt & Whitney PurePower engine, visit: www.purepowerengines.com.
Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, auxiliary and ground power units and small turbojet propulsion products. United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries. To learn more about UTC, visit www.utc.com or follow the company on Twitter: @UTC.
International Lease Finance Corporation (ILFC) is a global market leader in the leasing and remarketing of commercial aircraft. With approximately 1,000 owned and managed aircraft and commitments to purchase 293 new high-demand, fuel-efficient aircraft, ILFC is the world's largest independent aircraft lessor. ILFC has approximately 200 customers in more than 80 countries and provides part-out and engine leasing services through its subsidiary, AeroTurbine. ILFC operates from offices in Los Angeles, Amsterdam, Beijing, Dublin, Miami, Seattle, and Singapore. ILFC is a wholly owned subsidiary of American International Group, Inc. (AIG). www.ilfc.com | Twitter: @ILFCGlobal
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. Additional information about AIG can be found at www.aig.com.
International Lease Finance Corporation
Paul Thibeau, +1-310-788-1999
Pratt & Whitney
Sara Banda, +1-860-202-8644
Leo Makowski, +1-860-565-1655
KEYWORDS: United States Europe North America California France
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