Vietjet reached a US$600 million deal with Pratt & Whitney

Nov 13, 2017 | 07:23 AM GMT+7

TheLEADERPratt & Whitney, a division of United Technologies Corp. (NYSE: UTX) and VietJet Air have reached a deal including a 12-year EngineWise™ Fleet Management Program.

Vietjet reached a US$600 million deal with Pratt & Whitney
The deal signing agreement between Vietjet and Pratt & Whitney. Photo: VJC

The signing ceremony was held on the occasion of the APEC summit in 2017 and the official visit to Vietnam by the US President Donald Trump. 

Vietjet Air announced to select Pratt & Whitney’s PurePower Geared Turbofan (GTF) engine to power its 10 new-generation aircraft.

The deal, which is valued at US$600 million at listed prices includes a 12-year EngineWise™ Fleet Management Program. This is the second order of the US$3.1 billion GTF engine contract for 63 aircraft signed in February 2016.

The signing ceremony took place in Hanoi with the witness of US President Donald Trump, Vietnamese President Tran Dai Quang, and senior leaders of Vietjet and Pratt & Whitney.

"We are pleased to select GTF engine for our fleet. We are really looking forward to bringing these vessels into service so that our passengers can benefit from the outstanding performance of these aircraft, " said Dinh Viet Phuong, Deputy General Director of Vietjet Air.

Since its inception in early 2016, the GTF has proven to be as effective as it could be: reducing fuel consumption by 16 percent, reducing emissions by 50 percent and reducing noise by 75 percent.

Since entering into service in early 2016, the GTF engine has demonstrated its promised ability to reduce fuel burn by 16 per cent, gas emissions by 50 per cent and noise footprint by 75 per cent.

"We were very honored and really happy to continue expanding our relationship with Vietjet Air," said Rick Deurloo, senior vice president of sales, marketing, and customer support at Pratt & Whitney.