Wizz Air has selected Pratt & Whitney's PurePower Geared Turbofan (GTF) engines to power its order of 110 firm Airbus A320neo family aircraft with purchase rights for up to 90 more. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.
"Following a detailed review process we concluded that the Geared Turbofan engine delivers the best value proposition as well as maximum fuel and operational efficiency. These metrics will translate directly into reduced operating costs for our business. While we already have a very low cost base, our focus is to be ever more efficient to offer the lowest fares for our customers while driving strong returns for shareholders" said József Váradi, Chief Executive Officer of Wizz Air.
"We thank Wizz Air for their confidence in our Pratt & Whitney PurePower Geared Turbofan engine," said Rick Deurloo, senior vice president, Commercial Engines Sales, Marketing, and Customer Support, Pratt & Whitney. "We're providing more than just an engine; we're delivering a revolution in sustainable aviation technology."
The Pratt & Whitney Purepower Geared Turbofan engine is demonstrating mature reliability levels of approximately 99.8 percent, and has met all of its performance commitments from the start including a 16 percent reduction in fuel burn, a 75 percent decrease in the noise footprint and a 50 percent reduction in regulated emissions.
Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 70 Airbus A320 and Airbus A321 aircraft, and offers more than 420 routes from 25 bases, connecting 124 destinations across 39 countries. At Wizz Air, a team of approximately 2,600 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 20 million passengers in the financial year ended 31 March 2016. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share Indices. The company was recently named 2016 Value Airline of the Year by the editors of Air Transport World, one of the leading airline trade magazines.
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.