AIRPLANES POWERED BY P&W ENGINES
PurePower engines are P&W’s next-generation of engines, which offer double-digit improvements in fuel consumption, noise, environmental emissions, and operating costs. PurePower engines comprise two engine families: the PW800 engine family, which will power the next generation of large business jets and the PW1000G or Geared Turbofan (GTF) engine family. A high performance core built for the demands of high-cycle, short-haul operation is common between the PW800 and PW1000G engine families.
PRATT & WHITNEY IAE SHARE UP.
On June 29 this year, Pratt & Whitney and International Aero Engines’ (IAE) shareholders, Japanese Aero Engines Corporation and MTU Aero Engines GmbH, closed an agreement, wherein Pratt & Whitney purchased Rolls-Royce’s programme share in the IAE collaboration. Pratt & Whitney has increased its programme share to 61 per cent and MTU Aero Engines from 11 to 16 per cent by a separate risk revenue sharing agreement with Pratt & Whitney.
As per the Pratt & Whitney President and IAE Chairman, “The agreement positions IAE, Pratt & Whitney and its shareholders to best serve all A320 customers by allowing more flexible offerings among A320 aircraft families resulting in potential advantages and cost-savings with a united delivery to market for the V2500 and PW1100G-JM engines.” The programme share purchased from Rolls-Royce is held by the wholly-owned subsidiary, Pratt & Whitney Aero Engines International GmbH (P&WAEI).
60 GLORIOUS YEARS IN INDIA.
Pratt & Whitney has been in India for more than six decades now, starting with the Wasp engine in the 1940s. Today, over 300 aircraft in India are powered by engines made by Pratt & Whitney and International Aero Engines. The company ushered in the commercial jet age with the Boeing 707 powered by the JT3D and is also a leader in design, manufacture and service of jet engines in India.
LOOKING AHEAD.
The meltdown in the European economy did have an impact on the aviation industry and this was manifest at the air show in London. But things do not seem depressing for Pratt & Whitney. Louis Chênevert, UTC Chairman & Chief Executive Officer, has said, “In light of the slowing global economy, a weaker euro that we now assume to be in the range of $1.20 for the remainder of the year, and late July close for Goodrich, we now expect 2012 sales of $58 billion to $59 billion.” But he also added, “We expect earnings per share of $5.25 to $5.35, versus our prior expectation of $5.30 to $5.50. We are increasing our investment in restructuring this year to $500 million, up from our prior plan of $450 million, and continue to expect net one-time gains of $600 million.”