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. (NYSE: 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. (NYSE: 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.