Air Lease Corporation (NYSE:AL) has signed a Memorandum of Understanding for Pratt & Whitney PurePower PW1100G-JM engines to power its order of 30 firm A320/A321 neo aircraft. Deliveries are scheduled to start in 2016. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).
"We are pleased to add these Pratt & Whitney PurePower PW1100G-JM-powered Airbus A320/A321 neo aircraft to our portfolio to help airlines continue to grow their fleets with the latest technology and fuel efficient aircraft," said John Poerschke, senior vice president of Air Lease Corporation.
"Pratt & Whitney is excited to continue its relationship with Air Lease Corporation with this PurePower PW1100G-JM engine order," said Todd Kallman, Pratt & Whitney Commercial Engines president. "Thanks to our Geared Turbofan™ technology, we are confident these engines will serve ALC's customers well with increased operational efficiencies compared to today's engines."
Source: Pratt & Whitney, A United Technologies Company (NYSE:UTX)
Date: Jun 20, 2013