P&W Share of V2500 Engine Order from Sichuan Airlines Valued at US$80 M

Sichuan Airlines has selected International Aero Engines to provide V2500 engines to power eight new A320 series aircraft. The order includes a long-term aftermarket services agreement. The deal is valued at approximately $80 million for Pratt & Whitney.  Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX).

Deliveries will commence in January 2014 and continue into 2015.

Over the past 16 years, IAE has provided engines and services to Sichuan's A320 fleet that has grown to 85 aircraft in service and on order. Since 2008, IAE has held the distinction of being the airline's preferred engine supplier and supports Sichuan's current fleet operations of 60 V2500-powered aircraft.

The V2500 is available in seven different thrust settings, from 22,000 to 33,000 lb., to power the Airbus A319, A320 and A321 family of aircraft as well as the A319 Corporate Jet.

Source: Pratt & Whitney, A United Technologies Company (NYSE:UTX)
Date: Feb 15, 2012