Three of HNA Group's Subsidiaries Sign V-Services Agreement

Three of HNA Group's subsidiaries have signed a V-Services Fleet Hour Agreement (FHA) to maintain its fleet of 46 V2500® engines. The agreement is for three of HNA Group's subsidiaries: West Air, Beijing Capital and Tianjin Airlines. 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.

"When it comes to our fleet, we do not settle when it comes to our aircraft's performance and overall reliability," said Mr. Xindi, Chief Executive Officer, HNA Aviation Group Co., Ltd. "Therefore, I am confident that under this V-Services agreement we have the right resources in place to maintain our engines to the highest regard."

"Over the past two decades, HNA Group has created one of the largest and most respected aviation enterprises around and therefore, places great emphasis on the integrity of their fleet," said Rick Deurloo , senior vice president, sales and marketing, Pratt & Whitney. "Knowing this, our goal is to keep our customers' engines on-wing and running at optimal performance for years to come."