Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), and VietJet Air have announced the selection of the PurePower Geared Turbofan (GTF) engine to power an order of 10 new aircraft, the company said.
This deal, which is valued at USD 600 million at list prices, includes a 12-year EngineWiseâ¢ Fleet Management Program. This order follows a February 2016 contract signing for GTF engines to power VietJet´s 63 newly ordered aircraft.
The signing took place in a ceremony in Vietnam´s capital, Hanoi, and was attended by US President Donald Trump and Mr. Tráº§n Äáº¡i Quang, President of the Socialist Republic of Vietnam, along with officials from VietJet and Pratt & Whitney during the president´s official trip to Vietnam for the APEC 2017.
Since entering into service in early 2016, the GTF engine has demonstrated its promised ability to reduce fuel burn by 16 percent, regulated emissions by 50 percent and noise footprint by 75 percent.
Since commencing operations in 2011, VietJet, Vietnam´s largest airline in terms of domestic market share, has become the Asia Pacific´s fastest growing low-cost carrier. It has operated profitably since its second year of operation with over 73 domestic and international routes and technical reliability rate of 99.6%, the highest among the airlines in the region who operate the same aircraft model.
Pratt & Whitney is a world provider of the design, manufacture and service of aircraft 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.