Aviation Capital Group Selects Pratt & Whitney GTF™ Engines to Power Up to 20 Additional Airbus A320neo Family Aircraft

Paris, June 17, 2019 – Aviation Capital Group (ACG) has selected Pratt & Whitney GTF™ engines to power an additional 10 firm order and 10 option A320neo family aircraft, bringing the leasing company's total to 30 firm GTF-powered A320neo and A321neo aircraft. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX).

“We are happy to increase ACG’s total commitment for GTF engines, which deliver valuable fuel savings and environmental benefits to our airline customers,” said Steven C. Udvar-Hazy, senior vice president, Original Equipment Manufacturers Relations and Market Development at ACG.

ACG currently owns or manages 75 aircraft powered by GTF, V2500 and PW2000 engines. These 10 firm GTF-powered aircraft are expected to be delivered by 2023.

“We appreciate ACG’s continued confidence in the GTF engine with this additional order,” said Rick Deurloo, chief customer officer and senior vice president, Customers at Pratt & Whitney. “We look forward to growing our strong partnership as we supply ACG and its airline customers with the advantages of the game-changing GTF engine.”

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 compared to the regulatory standard and to reduce the noise footprint by 75 percent.

About Pratt & Whitney

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft and helicopter 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. To receive press releases and other news directly, please sign up here.

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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