Aviation Capital Group Adds Additional Pratt & Whitney Geared Turbofan™ Engines To Power Fleet Of Airbus A320neo Family Aircraft

SINGAPORE, Feb. 6, 2018 /PRNewswire/ -- Aviation Capital Group (ACG) has selected Pratt & Whitney Geared Turbofan™ (GTF) engines to power an additional seven firm A320neo family aircraft, bringing the leasing company's total to 20 firm GTF-powered A320neo and A321neo aircraft. ACG currently manages over 60 aircraft powered by Pratt & Whitney and IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney; Pratt & Whitney Aero Engines International GmbH; Japanese Aero Engines Corporation; and MTU Aero Engines GmbH. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX).

"We are pleased to increase ACG's total commitment for Pratt & Whitney engines," said Khanh T. Tran, chief executive officer at Aviation Capital Group. "ACG's airline customers appreciate the increased fuel efficiency of the GTF engine."

"We appreciate ACG adding additional engines to its fleet," said Rick Deurloo, senior vice president of sales, marketing and customer support at Pratt & Whitney. "We look forward to supplying ACG and its airline customers with game-changing technology and unmatched fuel efficiency. This order demonstrates renewed and well-placed confidence in the GTF engine."

Since entering into service in early 2016, the GTF engine has demonstrated its promised ability to reduce fuel burn by 16 percent, to reduce nitrogen oxide emissions by 50 percent to the regulatory standard, and to lower the noise footprint by 75 percent.

About Pratt & Whitney  Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit its website at www.utc.com, or follow the company on Twitter: @UTC.

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in levels of demand in the aerospace industry, in levels of air travel, and in the number of aircraft to be built; challenges in the design, development, production support, performance and realization of the anticipated benefits of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.'s Securities and Exchange Commission filings.

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