Pratt & Whitney Wins US$116 Million Order for V2500 Engines from Hainan Airlines (PR Newswire)
yahoo.com     Jul 16, 2008            

Wednesday July 16, 8:06 am ET FARNBOROUGH, England, July 16 /PRNewswire-FirstCall/ -- FARNBOROUGH AIR SHOW -- China-based Hainan Airlines has selected the International Aero Engines V2500 to power 13 Airbus A320 aircraft, backed by a long-term, V2500Select(SM) aftermarket agreement. The combined engine and aftermarket deal is valued at more than $116 million to Pratt & Whitney, if all options are exercised. Pratt & Whitney, a United Technologies Corp. (NYSE: UTX - News ) company, is a major participant in International Aero Engines (IAE). Hainan Airlines placed an initial order to power a total fleet of 20 A319 aircraft. The airline took delivery of its first V2500-powered aircraft in June. The V2500-A5 is available in seven different thrust settings ranging from 22,000 lbs. to 33,000 lbs. to power the Airbus A319, A320 and... [read full story]                    


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