Pratt defends its engines for Airbus jetliner
JPMorgan analysts say the engines may not meet performance benchmarks
New York
AN engine supplier for Airbus Group SE's revamped A320neo jetliner, due for its first delivery this month, has rebutted a report by JPMorgan Chase & Co analysts that the power plants may not meet performance benchmarks because of possible modifications.
"Our engines are currently meeting the fuel-efficiency commitments we have made to our customers," said Jay DeFrank, a spokesman for United Technologies Corp's Pratt & Whitney division.
The company's response underscored the importance of fuel economy metrics in Pratt's competition with General Electric Co to power narrow-body jets, the biggest and most lucrative segment of the global airline fleet.
Pratt has promised a 15 per cent fuel saving on its so-called geared-turbofan engine, whose development has required…
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