Aegean signs preliminary deal to buy Pratt & Whitney engines

Posted: Updated:
(AP Photo/Petros Giannakouris). U.S. Ambassador to Greece Geoffrey Pyatt speaks during a signing of a memorandum of understanding for the purchase of up to 130 new Pratt & Whitney engines for the Greek company's new Airbus passenger jets in Athens,... (AP Photo/Petros Giannakouris). U.S. Ambassador to Greece Geoffrey Pyatt speaks during a signing of a memorandum of understanding for the purchase of up to 130 new Pratt & Whitney engines for the Greek company's new Airbus passenger jets in Athens,...
(AP Photo/Petros Giannakouris). Chairman of Aegean Airlines Eftychios Vassilakis, left, Rick Deurloo Senior Vice President - Sales, Marketing and Customer Support at Pratt & Whitney and Aegean Airlines CEO Dimitrios Gerogiannis, right, shake hands ... (AP Photo/Petros Giannakouris). Chairman of Aegean Airlines Eftychios Vassilakis, left, Rick Deurloo Senior Vice President - Sales, Marketing and Customer Support at Pratt & Whitney and Aegean Airlines CEO Dimitrios Gerogiannis, right, shake hands ...
(AP Photo/Petros Giannakouris). Rick Deurloo Senior Vice President - Sales, Marketing and Customer Support at Pratt & Whitney speaks during a signing of a memorandum of understanding for the purchase of up to 130 new Pratt & Whitney engines for... (AP Photo/Petros Giannakouris). Rick Deurloo Senior Vice President - Sales, Marketing and Customer Support at Pratt & Whitney speaks during a signing of a memorandum of understanding for the purchase of up to 130 new Pratt & Whitney engines for...
(AP Photo/Petros Giannakouris). Chairman of Aegean Airlines Eftychios Vassilakis, speaks during a signing of a memorandum of understanding for the purchase of up to 130 new Pratt & Whitney engines for the Greek company's new Airbus passenger jets i... (AP Photo/Petros Giannakouris). Chairman of Aegean Airlines Eftychios Vassilakis, speaks during a signing of a memorandum of understanding for the purchase of up to 130 new Pratt & Whitney engines for the Greek company's new Airbus passenger jets i...
(AP Photo/Petros Giannakouris). Chairman of Aegean Airlines Eftychios Vassilakis, left, Rick Deurloo Senior Vice President - Sales, Marketing and Customer Support at Pratt & Whitney and Aegean Airlines CEO Dimitrios Gerogiannis, right, sign a memor... (AP Photo/Petros Giannakouris). Chairman of Aegean Airlines Eftychios Vassilakis, left, Rick Deurloo Senior Vice President - Sales, Marketing and Customer Support at Pratt & Whitney and Aegean Airlines CEO Dimitrios Gerogiannis, right, sign a memor...

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.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."