SINGAPORE, Feb. 5, 2018 /PRNewswire/ -- Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), and BOC Aviation Limited (BOC Aviation) (HKEx: 2588) today announced the selection of the Pratt & Whitney Geared Turbofan™ (GTF) engine to power the leasing company's order for 12 total A320neo and A321neo aircraft. These aircraft are part of BOC Aviation's existing orderbook.
"This order reflects our confidence in the GTF engine as a fuel-efficient solution that will power a significant portion of our A320 family fleet," said Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation. "We're hearing good feedback from operators on the fuel economy of the GTF engine, and look forward to delivering the benefits of this engine to our airline customers."
BOC Aviation is a leading global aircraft leasing company with a fleet of 491 aircraft owned, managed and on order. Its owned and managed fleet was leased to 80 airlines worldwide in 33 countries as of December 31, 2017. BOC Aviation has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin.
"We value the long standing relationship we've developed with BOC Aviation over the past 20 years," said Rick Deurloo, Senior Vice President of sales, marketing and customer support at Pratt & Whitney. "We're honored to supply it with game-changing technology and economics for its A320neo and A321neo aircraft. We anticipate many more years of continued success working together to support the fleet."
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 to the regulatory standard, and to lower the noise footprint by 75 percent.
About Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft 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.
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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