United Technologies (NYSE:UTX)
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3 Months : From Oct 2019 to Jan 2020
DUBAI, United Arab Emirates, Nov. 20, 2019 /PRNewswire/ -- Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), today announced that GoAir has signed an agreement selecting the Pratt & Whitney GTF™ engine for the airline's order of 72 A320neo family aircraft. Pratt & Whitney will also provide GoAir with a long-term EngineWise® Comprehensive service agreement. The aircraft are expected to begin delivery in 2021.
"We are pleased to partner with Pratt & Whitney once again for our next batch of 72 Airbus A320neo aircraft. We believe that the Pratt & Whitney GTF fuel efficient engines are the best-in-class and most suited for our network and operations. With its revolutionary geared fan technology the GTF engines will allow GoAir to fulfill its commitment towards carbon emissions. These benefits result in quieter communities, quieter flights and cleaner air. Besides, the Pratt & Whitney GTF engines will permit GoAir to continue its aggressive growth strategy and at the same time maintain our cost advantage," said Mr. Jeh Wadia, Managing Director, GoAir.
The Mumbai, India-based airline currently operates a fleet of 38 GTF-powered A320neo family aircraft. These are part of the initial GoAir order of 72 GTF-powered A320neo aircraft announced in 2012. The additional aircraft offer GoAir the opportunity to add domestic and international routes and expand capacity to provide enhanced connectivity in the region.
"India is a fast-developing and critically important region, and GoAir has been instrumental in contributing to this growth. Pratt & Whitney and GoAir share a close relationship going back to 2012, one that we are proud to grow and further strengthen with the expansion of their fleet powered by the GTF engine," said Rick Deurloo, chief customer officer and senior vice president, Customers at Pratt & Whitney. "The fuel and environmental efficiencies of the GTF engines are well-matched to the needs of GoAir, and we are honored to continue our collaboration together."
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 compared to the regulatory standard, and to reduce the noise footprint by 75 percent.
About Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft and helicopter 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. To receive press releases and other news directly, please sign up here.
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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SOURCE Pratt & Whitney