Loading
20-Sep-2013 11:31 AM

Pratt & Whitney reaffirm commitment to mid-sized aircraft engine market after JV abandonment

Pratt & Whitney announced (19-Sep-2013) it remains fully committed to the "important" future mid-size aircraft - 120-230 seat - engine market and it will continue independently to invest in and develop applications of its geared turbofan engine to power the next generation of aircraft in the segment. Pratt & Whitney is a unit of United Technologies Corp (UTC). In Oct-2011, Rolls-Royce and UTC announced their intention to form a new JV to develop an engine to power aircraft in the mid-sized market segment. Following further discussion and because of the current regulatory environment, the parties have agreed not to proceed with the partnership. [more - original PR]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More