Volaris Selects PurePower® and V2500® Engines for Airbus Aircraft, Made By United Technologies
Volaris has selected Pratt & Whitney PurePower PW1100G-JM engines to power its order of 30 firm A320neo aircraft. The airline becomes the first Mexican airline to select the Geared Turbofan™. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX). Volaris also selected the IAE International Aero Engines AG V2500 engine to power its order for 14 A320ceo aircraft. This Volaris order is for engines, spares and aftermarket services.
"Not only will we continue featuring the most attractive fares and promotions in Mexico, the selection of PurePower and V2500 engines will offer a fleet that will generate operational and environmental benefits," said Enrique Beltranena, Volaris Chief Executive Officer. "We look forward to continuing our partnership with confidence in Pratt & Whitney and IAE to power our aircraft in the coming years."
"We're proud that Volaris selected Pratt & Whitney and IAE engines to support their goal of offering customers desirable fares as a result of fuel efficiency and lower operating costs associated with our advanced engine technology," said David Hess, IAE Board chairman and Pratt & Whitney president. "We look forward to expanding the V2500 fleet and introducing the PurePower engine on Volaris aircraft."
The PurePower engine deal includes a 12-year PureSolution^SM maintenance service agreement for 66 engines, including spare and option engines. The V2500 engine deal includes a 12-year V-Services^SM maintenance service agreement for 29 engines, including spare engines.
Volaris is the airline operating the most modern fleet in Mexico, composed of forty-three Airbus A320 family aircraft averaging 4 years in service. The airline serves 87 routes connecting 30 cities in Mexico and 11 in the US, including Los Angeles, Oakland/San Francisco, San Jose, San Diego, Fresno, and Sacramento in CA; Las Vegas, NV; Chicago, IL; Orlando, FL; Denver, CO and Phoenix, AZ. The carrier started operations in March 2006 and has over 2,600 Ambassadors – or employees.
Pratt & Whitney has more than 4,500 PurePower engine orders and commitments, including options, from more than 40 customers around the world, which helped the company maintain its lead position of more than 50 percent of Airbus A320neo engine orders.
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, auxiliary and ground power units and small turbojet propulsion products. United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries. To learn more about UTC, visit the website or follow the company on Twitter: @UTC.
IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. To date, more than 5,700 engines have been delivered and nearly 1,600 more engines are on order with close to 200 customers around the world.
This release includes "forward looking statements" concerning anticipated business opportunities that are subject to risks and uncertainties, including with regard to the programs described in this release. Risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the effect of economic conditions in the markets in which we operate, including financial market conditions, and fluctuation in interest rates, commodity prices and foreign currency exchange rates; levels of end market demand in the aerospace industry, including levels of demand for the new aircraft described in this release; levels of air travel; financial difficulties of commercial airlines; the financial condition of suppliers; and challenges in the design, development, production and support of advanced technologies and new products and services. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's 10-K, 10-Q and other reports filed with the SEC.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.