PARIS AIR SHOW, Paris, June 17,
2015 /PRNewswire/ -- China Aircraft Leasing Group Holdings
Limited ("CALC"; stock code: 01848.HK), the largest independent
operating aircraft lessor in China, has signed a Memorandum of
Understanding to power 18 Airbus A320neo aircraft with Pratt &
Whitney PurePower engines. Deliveries are scheduled to begin in
2017. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX)
company.
"The A320neo aircraft powered by PurePower engines is a great
asset to add to our fleet, as it offers our customers a broad range
of benefits, including fuel burn improvement, lower emissions and
less noise while reducing operating cost," said Dr. Mike Poon, chief executive officer and executive
director of CALC. "CALC was the first Chinese lessor to select the
PW1100G-JM engine for its A320neo aircraft. Ordering for next
generation narrow bodies is part of our long-term growth strategy.
It also reflects our commitment to the aviation industry, as well
as our continued effort of introducing value-added offerings to our
airline customers."
"CALC is a premier aircraft lessor in the Chinese and
international markets and our PurePower engines coupled with the
A320neo family aircraft will nicely complement its current fleet
offering," said Greg Gernhardt,
president, Pratt & Whitney Commercial Engines. "The
Geared Turbofan™ engine is delivering significant savings to
airline operators with a greater than 16 percent fuel burn
improvement over aircraft equipped with current generation
engines. This makes the engine very appealing to lessors who
strive to pass on savings to their customers."
CALC is rapidly expanding its portfolio to meet airlines' strong
demands for cutting-edge and reliable aircraft offerings to capture
the market opportunities. This PurePower engine announcement is in
addition to a V2500 engine order for eight A320ceos previously
ordered by CALC.
"CALC will continue to invest in advanced technology and
innovation solutions to develop CALC into a full value-chain
aircraft solution provider with global presence," Poon continued.
CALC's portfolio is currently made up of 49 current generation
Airbus and Boeing aircraft with an average age of 2.5 years. In
December 2014, CALC placed a large
order of 100 Airbus A320 series aircraft, bringing its order book
to 140 A320 series aircraft.
China Aircraft Leasing Group Holdings Limited is the largest
aircraft operating lessor in China, in terms of new aircraft import under
lease each year. With its professional team possessing extensive
international aviation market experience and its globalized sources
of financing, the Group has developed into a full value-chain
aircraft solution provider. In addition to aircraft operating
lease, financial lease and sales and leaseback, CALC provides
customers with aircraft full-life solutions, covering fleet
planning consultation, structured financing, fleet replacement
package deal, third party aircraft resale as well as aircraft
disassemble. CALC currently owns and manages a portfolio of 49
commercial aircraft, and aims at building a portfolio of 100
commercial aircraft by 2016. Listed on the main board of the Stock
Exchange of Hong Kong on
11 July 2014, CALC is the first
listed aircraft lessor in Asia.
The Group is headquartered in Hong
Kong, with offices in Beijing, Shanghai, Shenzhen and Tianjin, China; Labuan, Malaysia; Toulouse,
France and Dublin, Ireland.
For more information about CALC, visit
http://www.calc.com.hk.
Pratt & Whitney is a world leader in the design, manufacture
and service of aircraft engines and auxiliary power units. United
Technologies Corp., based in Hartford,
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 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.
For more information about Pratt & Whitney, visit
http://www.pratt-whitney.com
Twitter: www.twitter.com/prattandwhitney
Facebook: https://www.facebook.com/prattandwhitney
YouTube: http://www.youtube.com/prattandwhitney1925
LinkedIn: https://www.linkedin.com/company/pratt-&-whitney
Sara Banda
Pratt &
Whitney
860-565-4031
office
860-202-8644
mobile
sara.banda@pw.utc.com
|
|
Winnie Lo
CALC
852 3759 8443
office
852 9029 9956
mobile
winnielo@calc.com.hk
|
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visit:http://www.prnewswire.com/news-releases/calc-orders-purepower-engines-for-a320neo-aircraft-300100578.html
SOURCE Pratt & Whitney