Juneyao Airlines has signed a Memorandum of Understanding for the V2500 engine to power its order of 12 Airbus A321ceo aircraft. Deliveries are scheduled to begin in November 2015. The deal also includes a 15-year V-ServicesSM Fleet Hour Agreement (FHA). The V2500 engine is offered through 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.
"Just shy of our 10-year anniversary, Juneyao Airlines is expanding rapidly and making its mark in the Chinese aviation industry," said Wang Junjin, Chairman of Juneyao Airlines. "Integrating reliable and robust technology, such as the A321ceo aircraft with the V2500 engine, is valuable to the future of our business."
"The growth and success that Juneyao Airlines has achieved in 10 short years is impressive," said Greg Gernhardt, president, Pratt & Whitney Commercial Engines. "I'm excited that Juneyao has selected the V2500 engine for its new A321ceo fleet and I'd like to welcome Juneyao as a new V2500 and Pratt & Whitney customer."
To date, more than 6,600 V2500 engines have been delivered to nearly 200 customers around the world.
Juneyao Airlines Co. Ltd. is a subsidiary company of Shanghai Juneyao (Group) Co. Ltd. Based in Shanghai and operating hubs at Hongqiao and Pudong International Airports, Juneyao Airlines operates domestic air transport of passenger, cargo and mail, business and tourist charter, as well as flights to Hong Kong, Macao and neighboring countries.
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; the ability of the parties to reach a definitive agreement for the sale and support of engines; 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.