clear
Thursday December 13th, 2018 8:46AM

Aegean signs preliminary deal to buy Pratt & Whitney engines

By The Associated Press
Related Articles
  Contact Editor

ATHENS, Greece (AP) — Greece's dominant 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 in Athens Wednesday is worth up to $1.5 billion, and is part of the 5-billion-euro ($5.7 billion) 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 percent better fuel efficiency and 75 percent 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.

Aegean was founded 19 years ago and serves 150 destinations in 44 countries.

  • Associated Categories: Associated Press (AP), AP World News, AP Business, AP Business - Corporate News
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Aegean signs preliminary deal to buy Pratt & Whitney engines
Greece's dominant Aegean Airlines has signed a preliminary agreement with Pratt & Whitney to provide new fuel-efficient and lower-pollution engines for up to 62 new passenger jets
1:25PM ( 8 minutes ago )
Key Ukrainian church gathering slated for next week
Ukrainian President Petro Poroshenko says that local Orthodox communities will gather for a summit next week that is expected to form a new, independent Ukrainian church
1:23PM ( 11 minutes ago )
Supreme Court takes up closely watched double jeopardy case
The Supreme Court is hearing arguments over whether it should overturn a court-created exception to the Constitution's double-jeopardy bar that allows state and federal prosecutions for the same crime
1:21PM ( 13 minutes ago )
Associated Press (AP)
UK Parliament, PM May's govt face off in Brexit showdown
Britain's Brexit debate has become a bruising battle between lawmakers and Prime Minister Theresa May's government
12:49PM ( 45 minutes ago )
Putin voices support for Venezuelan leader visiting Russia
Russian President Vladimir Putin has voiced his support for Venezuelan leader Nicolas Maduro who is visiting Moscow amid a spiraling economic crisis in his country
12:41PM ( 53 minutes ago )
Mexico's new leader says relations with Trump good
Mexico's leftist new president says that relations with U.S. President Donald Trump are "good," and the two will probably talk soon about the immigration issue
12:41PM ( 53 minutes ago )
AP World News
The Latest: George W Bush says he called dad 'wonderful'
Former President George W. Bush says he told his father just before he died that he had been a "wonderful dad" and that he loved him
12:59PM ( 35 minutes ago )
The Latest: Simpson hails Bush for his humility
Former Sen. Alan Simpson has hailed his old friend George H.W. Bush as man of humility, a commodity the Wyoming Republican says is rare in the capital
12:45PM ( 49 minutes ago )
The Latest: Mulroney praises Bush as strong world leader
Former Canadian Prime Minister Brian Mulroney has praised former U.S. President George H.W. Bush as a strong world leader
12:32PM ( 1 hour ago )
AP Business
Report details new allegations of Moonves' sexual misconduct
Report says a probe by CBS lawyers outlines more allegations of sexual misconduct by longtime chief Les Moonves
10:14AM ( 3 hours ago )
Brown-Forman posts higher earnings in fiscal 2nd quarter
Brown-Forman posts higher earnings in fiscal 2nd quarter, maintains full-year guidance
9:27AM ( 4 hours ago )
Global shares slide on doubts over US-China trade deal
Global stock prices are down, though not as much as Wall Street the day before, amid doubts about a U.S.-China tariff cease-fire
8:04AM ( 5 hours ago )
AP Business - Corporate News
Key Ukrainian church gathering slated for next week
Ukrainian President Petro Poroshenko says that local Orthodox communities will gather for a summit next week that is expected to form a new, independent Ukrainian church
1:23PM ( 11 minutes ago )
Supreme Court takes up closely watched double jeopardy case
The Supreme Court is hearing arguments over whether it should overturn a court-created exception to the Constitution's double-jeopardy bar that allows state and federal prosecutions for the same crime
1:21PM ( 13 minutes ago )
With arms fair, big-buyer Egypt aims to diversify sources
Egypt's first international weapons fair is giving the major arms purchaser vast opportunities to diversify its weapons sources
1:17PM ( 17 minutes ago )
Presidents club assembles for Bush funeral, Trump on fringes
Current and former occupants of the Oval Office are coming together to honor a late member of their exclusive fraternity: the former presidents club
1:13PM ( 21 minutes ago )
The Latest: Poland, Saudi, Brazil get climate booby prizes
Environmental activists are naming Saudi Arabia and Brazil as "fossils of the day" at this year's U.N. climate conference
1:13PM ( 21 minutes ago )