EAST HARTFORD, Conn., Feb. 25, 2010 - Pratt & Whitney will provide exclusive power for 40 firm and up to 40 options for new Bombardier CSeries(r)* aircraft ordered by Republic Airways as part of a contract announced today. The agreement represents 80 firm PW1000G engines for CSeries aircraft with six spare engines. In addition, Republic has signed an exclusive 15-year maintenance contract with Pratt & Whitney for these engines. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).
Republic Airways Holdings, based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Lynx Aviation, Midwest Airlines, Republic Airlines and Shuttle America.
"We are excited about the future of the Bombardier CSeries jetliner family," said Bryan Bedford, Republic Airways' Chairman, President and Chief Executive Officer. "Market studies carried out by ourselves and other organizations see a large worldwide demand for aircraft in the 100- to 149-seat category over the next two decades, and the CSeries jetliner family is a perfect fit."
Each Bombardier CSeries aircraft is powered by two PurePower PW1000G engines with double digit reductions in fuel burn, environmental emissions, engine noise and operating costs.
"The competitive advantages of the Bombardier CSeries include the efficiency and performance of the PurePower PW1000G engines," said Gary R. Scott, President, Bombardier Commercial Aircraft. "These advanced technology engines will help deliver double digit reductions in fuel and cash operating costs."
"Having a major operator like Republic Airways select our technology expands the reach and scope of the PurePower engine program," said Todd Kallman, President, Pratt & Whitney Commercial Engines & Global Services. "We now have more than 400 PW1000G engines on order, if options are exercised, representing operators based in Europe, Asia and North America."
This order is the fourth for the PW1000G engine, which now is slated to power up to 205 aircraft.
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries.
This release includes "forward looking statements" concerning future business opportunities and other matters involving this engine that are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include changes in the health of the global economy and the strength of end market demand in the aerospace industry; as well as company specific items including the ability to achieve cost reductions at planned levels; challenges in the design, development, production and support of advanced technologies including this engine, and new products including the engine discussed in this press release; and delays and disruption in delivery of materials and services from suppliers. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information included in UTC's 10-K and 10-Q Reports under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results," as well as the information included in UTC's Current Reports on Form 8-K.
* CSeries is a trademark of Bombardier Inc.
