AER Aercap Holdings NV

FARNBOROUGH AIR SHOW, July 12, 2016 /PRNewswire/ -- AerCap has chosen the Pratt & Whitney PurePower® Geared Turbofan™ engine to power an additional 10 Airbus A320neo aircraft. The order, originally announced as options, brings AerCap's PW1100G-JM engine powered fleet to 100 aircraft. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.

Commenting on the announcement, AerCap Chief Executive Officer Aengus Kelly said, "AerCap is the largest owner of Airbus A320neo family aircraft, with over 200 aircraft on order. We are committed to providing our customers with operational efficiency and profitability. With the success we have had placing Pratt & Whitney powered A320neos in the marketplace, we look forward to further enhancing our fleet with additional Pratt & Whitney PurePower engines."

"AerCap has reaffirmed their confidence in Pratt & Whitney by increasing their portfolio to 200 PurePower engines. We are proud to have AerCap as a customer as they remain at the forefront of the lessor community," said Rick Deurloo, Pratt & Whitney senior vice president, Commercial Engines, Sales, Marketing & Customer Service. "The award-winning PurePower engine will provide AerCap with revolutionary technology that delivers significant total cost reductions."

The Pratt & Whitney PurePower engine family is powering 10 in-service aircraft on four airlines that are flying up to eight flights per day and together have logged more than 3,000 revenue flights. The Geared Turbofan engine is demonstrating mature reliability levels of approximately 99.8 percent and has met all of its performance commitments from the start including a 16 percent reduction in fuel burn, a 75 percent decrease in the noise footprint and a 50 percent reduction in regulated emissions.

AerCap is the global leader in aircraft leasing with, as of March 31, 2016, approximately 1,670 owned, managed or on order aircraft in its portfolio. AerCap serves over 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.

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 and support 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.

For more information about Pratt & Whitney, visit www.pw.utc.com
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SOURCE Pratt & Whitney