Aegean signs preliminary deal to Buy Pratt & Whitney engines

Aegean Airlines has signed a preliminary agreement with Pratt & Whitney to buy new fuel-efficient and lower-pollution engines for up to 62 new passenger jets. The memorandum of understanding signed Wednesday is worth up to US$1.5b, and is part of the E5b ($5.7b) agreement announced in the summer for Aegean to buy new Airbus A320 neo planes. The Pratt & Whitney GTF engines are designed to offer at least 16% better fuel efficiency and 75% noise reduction, as well as significantly lower pollution emissions, according to Aegean. The memorandum of understanding will also provide for long-term maintenance for the new engines. <br/>