International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG) has selected Pratt & Whitney PurePower PW1100G-JM engines to power an additional 30 A320neo Family aircraft bringing ILFC’s total commitment to 180 engines. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX).
“The selection of Pratt & Whitney PurePower PW1100G-JM engines to power these new A320neo Family aircraft speaks directly to ILFC’s commitment to bringing the most advanced technology to our global customer network,” said ILFC Chief Executive Officer Henri Courpron. “We’re pleased to further develop our strategic alignment with Pratt & Whitney to provide our customers with the competitive advantages of the PurePower engine’s performance and lower operating costs.”
“Pratt & Whitney is excited to build on its long-standing partnership with ILFC on this PurePower PW1100G-JM engine order,” said Todd Kallman, Pratt & Whitney Commercial Engines President. “Compared to today’s engines the PurePower engine offers increased operational and environmental efficiencies that we are confident will serve ILFC’s customers well.”
These ILFC A320neo Family aircraft will be powered by two PurePower engines. Pratt & Whitney has announced orders for more than 3,500 engines that include announced and unannounced firm orders, plus options. The PurePower engine 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 delivers the fuel efficiency and environmental benefits.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.