Pratt & Whitney Wins $200 Million V2500 Deal from Spirit Airlines
EAST HARTFORD, Conn., January 24, 2007 Pratt & Whitney, a United
Technologies Corp. (NYSE: UTX) company, was awarded business worth more than
$200 million as the company¹s share of an order from Spirit Airlines for
International Aero Engines V2500 engines. The order, for installed and
spare engines to power 30 new Airbus A319 aircraft, is backed by a long-term
V2500SelectSM service agreement. Pratt & Whitney is a major partner in
International Aero Engines (IAE).
We are excited to power Spirit Airlines¹ expansion with the dependable V2500 engine,² said Todd Kallman, president of Pratt & Whitney Commercial Engines and IAE board member. ³We are proud that the performance of the V2500 and the world-class service provided by V2500SelectSM allows us to continue to be a part of Spirit¹s growth.
IAE¹s V2500 has generated significant fuel savings and an excellent reliability record,² said Ben Baldanza, Spirit Airlines President & CEO. ³These attributes, coupled with an industry-leading aftermarket agreement, give us great confidence in our ability to keep our costs at the lowest in the industry as we pursue our growth plans.
IAE is a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Rolls-Royce (RR.L.), the Japanese Aero Engines Corp. and MTU Aero Engines. More than 1,375 V2500-powered aircraft have been delivered, and the worldwide fleet has accumulated more than 40 million flying hours.
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.
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