Pratt & Whitney and JetBlue sign long-term service agreement for 230 V2500® engines

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"The V2500 engine has been the workhorse of the JetBlue fleet since the airline's inception," said Steve Priest, Chief Financial Officer at JetBlue.

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Provider:

PR Newswire

Retrieved on:

Thursday, July 30, 2020

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Tags:

Engines, Companies, Machines, East Hartford, Connecticut, Pratt & Whitney, Japanese Aero Engine Corporation, MTU Aero Engines, IAE V2500, Raytheon Technologies, Turkish Engine Center, International Aero Engines, Airbus A320 family

Organisation:

PRATT & WHITNEY, JETBLUE AIRWAYS

Website:

http://www.pratt-whitney.com

Summary

Key Points:

"The V2500 engine has been the workhorse of the JetBlue fleet since the airline's inception," said Steve Priest, Chief Financial Officer at JetBlue.
The highly reliable and fuel efficient V2500 engine is offered through IAE, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.
"We truly appreciate our long-standing and successful relationship with JetBlue," said Rick Deurloo, chief commercial officer at Pratt & Whitney.
Pratt & Whitney, a unit of Raytheon Technologies (NYSE:RTX) is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units.

Pratt & Whitney and JetBlue sign long-term service agreement for 230 V2500® engines

EAST HARTFORD, Conn., July 30, 2020 /PRNewswire/ -- JetBlue Airways ("JetBlue") and Pratt & Whitney, a Raytheon Technologies business (NYSE: RTX), through its affiliate, IAE International Aero Engines AG ("IAE"), announced that the airline has signed a 13-year EngineWise® fixed-price agreement for 230 V2500® engines that power the airline's A320ceo family fleet.

"The V2500 engine has been the workhorse of the JetBlue fleet since the airline's inception," said Steve Priest, Chief Financial Officer at JetBlue. "This agreement provides predictable maintenance and supports efficient operations needed to serve our customers for many years to come."

The highly reliable and fuel efficient V2500 engine is offered through IAE, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.

JetBlue operates a fleet of 193 Airbus A320ceo family aircraft powered by the V2500 engine. The airline has also ordered 85 GTF-powered Airbus A320neo family aircraft, of which 10 have already been delivered. In addition, JetBlue has 70 GTF-powered Airbus A220 aircraft on order, with deliveries scheduled to begin later this year.

"We truly appreciate our long-standing and successful relationship with JetBlue," said Rick Deurloo, chief commercial officer at Pratt & Whitney. "We are committed to partnering with the airline on V2500 engine maintenance to optimize fleet performance well into the future."

The V2500 engine is backed by an established global network of 18 facilities for maintenance, repair and overhaul (MRO), including nine IAE partner facilities, of which three are managed by Pratt & Whitney and its joint ventures: the Turkish Engine Center in Istanbul, the Shanghai Engine Center in China and the Christchurch Engine Center in New Zealand.

Pratt & Whitney's EngineWise service portfolio provides engine operators with a variety of aftermarket services to maximize engine performance and fleet availability. Visit http://www.EngineWise.com for more information.

About Pratt & Whitney
Pratt & Whitney, a unit of Raytheon Technologies (NYSE:RTX) is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units. Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. To learn more about RTX, visit its website at www.rtx.com. To receive press releases and other news directly, please sign up here.

About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With 195,000 employees and four industry-leading businesses ― Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

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SOURCE Pratt & Whitney