FARNBOROUGH AIR SHOW, July 18, 2018 - Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), and Air Lease Corporation (ALC) today announced an order for Pratt & Whitney GTF engines to power a pre-existing order between Airbus and ALC for 26 firm A320neo family aircraft. ALC previously ordered GTF engines to power 30 firm A320neo family aircraft. With today's announcement, ALC will manage a total of 56 GTF-powered A320neo family aircraft.

"We're excited to power these additional 26 ALC aircraft with GTF engines," said Rick Deurloo, senior vice president of sales, marketing and customer support at Pratt & Whitney. "We appreciate ALC's commitment to the GTF. The industry continues to recognize that the geared turbofan is the architecture of the future."

Since entering into service in early 2016, the GTF engine has demonstrated its promised ability to reduce fuel burn by 16 percent, to reduce NOx emissions by 50 percent to the regulatory standard and to lower the noise footprint by 75 percent.