FARNBOROUGH AIR SHOW, ENGLAND--(CCNMatthews - July 16, 2006) - FARNBOROUGH AIR SHOW, July 16, 2006 - Pratt & Whitney Canada Corp. (P&WC), a United Technologies Corp. (NYSE:UTX) company, has seen PW100 turboprop engine deliveries jump nearly three-fold in the past two years amid soaring airline orders for turboprop aircraft.
"Turboprops are enjoying a strong resurgence thanks to their excellent operating economics in these times of escalating fuel prices," said Keyvan Fard, vice president - Regional Airline & Turboshaft Engines, P&WC. "More than 160 aircraft powered by members of our PW100 engine family were ordered in 2005. We are enjoying a strong surge in engine deliveries as a result and expect this to continue for several years."
P&WC is the engine supplier of choice for modern turboprops. Its PW100 family powers market leaders ATR 42 and 72 aircraft and Bombardier Q Series regional aircraft. "The PW100 is a very reliable, robust engine with a long life on the wing and well suited to the regional market" said Fard. "Today, we power more than 80 percent of modern turboprop aircraft throughout the world and are continuing to work closely with our customers to further strengthen the success of the turboprop."
Technology advances to further improve operating economics, passenger comfort, noise levels and emissions have all played a role in driving the renewed popularity of turboprops in world markets. Recent demand has been especially strong in South East Asia, the Pacific region and Europe. The U.S. market also is seeing renewed interest stemming from turboprops' excellent fuel economy and short haul economics.
"This represents a major shift in this very important market and bodes very well for the future" notes Fard. "Airlines are recognizing that regional jets and turboprops are highly complementary, with RJs offering increased productivity on longer routes and turboprops providing unbeatable operating economics for the short-haul market."
Many airlines are renewing their fleets with the latest ATR and Q Series turboprop models, which offer levels of comfort equivalent to a jet and consume significantly less fuel, with correspondingly lower greenhouse gas emissions.
"PW100 turboprops consume 25 to 40 percent less fuel and produce up to 50 percent lower exhaust emissions than any RJ" said Fard. "But we are not standing still. We are constantly injecting new engine technologies to further enhance the PW100's leadership in operating economics. We are also continuously working with the airlines to optimize their individual maintenance programs, enhanced with cutting-edge engine monitoring systems. Turboprops have an exciting future and we are proud to be playing a major part in their worldwide resurgence."
Pratt & Whitney Canada, based in Longueuil, Quebec, is a world leader in the design, manufacture and service of aircraft engines powering business, general aviation and regional aircraft, and helicopters. The company also offers auxiliary power units and industrial gas turbines. United Technologies, based in Hartford, Conn., USA, is a diversified company providing high technology products and services to the global aerospace and building industries.
This release includes "forward looking statements" concerning expected revenue and other matters 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 the health of the global economy; strength of end market demand in the commercial aerospace industry; fluctuation in commodity prices, interest rates, and foreign currency exchange rates. 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.
Pratt & Whitney Canada
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