Rolls-Royce forms turbofan JV with Pratt & Whitney

Power sources provider Rolls-Royce and Pratt & Whitney have agreed to form a new partnership to power future mid-size aircraft, to hold 120–230 passengers.

The two companies will establish a joint venture company, in which each will hold an equal share, to develop new engines for the next generation of aircraft that will replace the existing mid-size fleet.

According to a statement, the new venture will draw on the most advanced technology from two world-class companies to drive enhanced performance for this fast-growing segment in which worldwide demand for around 20,000 new aircraft (or nearly 45,000 engines) is predicted over the next 20 years.

This joint venture will focus on high bypass ratio geared turbofan technology.