Bank of Communications Financial Leasing Co., Ltd. Selects V2500® Engines to Power 10 A321ceo Aircraft

AIR SHOW CHINA, Nov. 2, 2016 /PRNewswire/ -- Bank of Communications Financial Leasing Co., Ltd. has selected the V2500 engine to power 10 firm Airbus A321ceo aircraft. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX); Pratt & Whitney Aero Engines International GmbH; Japanese Aero Engines Corporation; and MTU Aero Engines GmbH.

"Bank of Communications Financial Leasing is committed to becoming the most influential financial leasing brand in China. We are glad to choose V2500 engines to provide our clients with highly dependable and efficient solutions," said Li Ru, Senior Vice President, Bank of Communications Financial Leasing Co., Ltd.

"We look forward to supporting Bank of Communications Financial Leasing Co., Ltd. and its V2500 powered A321ceo aircraft," said Rick Deurloo, senior vice president, Commercial Engine Sales, Marketing & Customer Support, Pratt & Whitney. "We appreciate the trust they have placed in us with their order."

Founded in 2007, Bank of Communications Financial Leasing Co., Ltd. (Bocomm Leasing) is one of the first five financial leasing enterprises that established with the approval from China Banking Regulatory Commission, and also the subsidiary wholly-owned by Bank of Communications. Aviation leasing is the key sector of Bocomm Leasing. It currently manages about 280 aircraft and is the second largest among Chinese leasing companies.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit its website at www.utc.com, or follow the company on Twitter: @UTC.

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in levels of demand in the aerospace industry, in levels of air travel, and in the number of aircraft to be built; challenges in the design, development, production support, performance and realization of the anticipated benefits of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.'s Securities and Exchange Commission filings.

SOURCE Pratt & Whitney

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