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JetBlue Picks Pratt Over CFM for Engines Valued at $1.03 Billion

JetBlue Airways Corp. agreed to buy 86 engines valued at about $1.03 billion from United Technologies Corp.’s Pratt & Whitney unit for 40 Airbus SAS A320neo jets the carrier ordered earlier this year.

The airline becomes the first U.S. airline customer for the PurePower geared turbofan engine on the A320neo, the companies said in an e-mailed statement yesterday. JetBlue, based in New York, declined to comment about cost. The engines have an estimated list price of about $12 million each, though carriers usually get discounts on large orders.