Pratt & Whitney share of Yemen Airways order valued at US$100 million
Source: BI-ME , Author: Posted by Bi-ME staff
Posted: Mon July 19, 2010 8:08 pm

INTERNATIONAL. Yemen Airways has awarded International Aero Engines (IAE) an order for V2500 engines to power 10 Airbus A320 aircraft. 

The agreement includes a long-term IAE aftermarket services agreement.  The value to Pratt & Whitney of the order and aftermarket agreement is approximately US$100 million.  Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company and a major participant in IAE.

The agreement is for the latest V2500 SelectOne(TM) build standard with deliveries scheduled to begin in 2011.

The V2500 is available in seven different thrust settings, from 22,000 to 33,000 lbs., to power the Airbus A319, A320 and A321 family of aircraft as well as the A319 Corporate Jet.

The V2500 SelectOne(TM) build standard delivers an additional 1 percent fuel burn advantage, along with a corresponding reduction in CO2 emissions, and it improves time on-wing by up to 20 percent, compared to a standard V2500-A5. It is compliant with the most stringent CAEP/6 NOx standards.  It entered service in October 2008.

IAE is a multinational aero engine consortium comprised of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines.  There are more than 5,500 V2500s in service or on firm order around the world.

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.

Learn more at www.pw.utc.com, www.facebook.com/prattandwhitney and www.twitter.com/prattandwhitney

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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INTERNATIONAL. Foreign policy is what a president wishes would happen; foreign affairs are what actually happen; the problem that Obama has, which has crippled his foreign policy, is that his principles have not been defined with enough rigor to provide definitive guidance in a crisis.
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
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