PARIS AIR SHOW, Paris, June 15,
2015 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT), a
global leader in transportation finance, has selected the V2500
engine to power five Airbus A321ceo aircraft that it ordered in
March 2015. The V2500 engine is
offered through IAE International Aero Engines AG, a multinational
aero engine consortium whose shareholders comprise Pratt &
Whitney (NYSE: UTX), Pratt & Whitney Aero Engines International
GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.
"We are committed to providing our customers cost effective and
fuel-efficient aircraft and the V2500 engine will assist us in
accomplishing this goal," said Tony
Diaz, president of CIT Commercial
Air.
"We are excited to continue our relationship with CIT and
honored they selected our acclaimed V2500 engine to power their
A321ceo order," said Greg Gernhardt,
president, Pratt & Whitney Commercial Engines. "The V2500
engine is backed by a philosophy of relentless, continuous
improvement that ensures the V2500 engine maintains its position as
the most advanced engine available for the current A320ceo aircraft
family."
To date, more than 6,500 V2500 engines have been delivered to
nearly 200 customers around the world.
As one of the world's leading aircraft leasing organizations,
CIT Aerospace provides leasing and financing packages, including
operating leases and structuring and advisory services, for
commercial airlines worldwide. CIT Aerospace owns, finances and
manages a fleet of more than 350 commercial aircraft serving
approximately 100 customers in 50
countries. www.cit.com/aerospace
Founded in 1908, CIT is a bank holding company with more than
$35 billion in finance and leasing
assets. It provides financing and leasing capital to its more than
one million small business and middle market clients and their
customers across more than 30 industries. CIT maintains leadership
positions in small business and middle market lending, factoring,
retail finance, aerospace, equipment and rail leasing, and global
vendor finance. www.cit.com
Pratt & Whitney is a world leader in the design, manufacture
and service of aircraft engines and auxiliary power units.
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.
Sara
Banda
|
Alice
Straight
|
Pratt &
Whitney
|
Pratt &
Whitney
|
860-565-4031
office
|
860-565-2344
office
|
860-202-8644
mobile
|
860-830-6817
mobile
|
sara.banda@pw.utc.com
|
alice.straight@pw.utc.com
|
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visit:http://www.prnewswire.com/news-releases/cit-selects-the-v2500-engine-for-a321ceo-order-300098814.html
SOURCE Pratt & Whitney