One of the largest GTF engine lessors now owns, manages,
and has firm commitments for 142 GTF-powered aircraft
LONDON, July 22,
2024 /PRNewswire/ -- Farnborough Air Show —
Pratt & Whitney, an RTX (NYSE: RTX) business, today announced
SMBC Aviation Capital, one of the largest lessors for GTF- powered
A320neo family aircraft, has exercised options for 22 firm orders.
This is supplemental to a 2021 order for 20 additional firm
aircraft, bringing the lessor's additional commitment to 42 firm
A320neo family aircraft equipped with GTF engines.
SMBC Aviation Capital announced its initial selection for
50 firm Pratt & Whitney A320neo family aircraft in 2019, and
currently manages a portfolio of 142 GTF-powered A320neo family
aircraft. Today's announcement affirms the relationship between two
global leaders in the aviation space.
"We appreciate SMBC Aviation Capital's continued confidence in
Pratt & Whitney as we work together to deliver economic and
environmental benefits for airline customers," said Rick Deurloo, president of Commercial Engines at
Pratt & Whitney. "These additional orders are a testament to
the advantages this engine delivers as the most fuel-efficient,
sustainable engine for single-aisle aircraft."
"SMBC Aviation Capital is pleased to confirm these latest
technology engines reflecting our underlying commitment to invest
in the most fuel efficient and sustainable aircraft types, which
our customers want to operate," said Barry
Flannery, CCO of SMBC Aviation Capital.
ABOUT SMBC AVIATION CAPITAL:
SMBC Aviation Capital is
the second largest aircraft lessor in the world. Benefitting from
the strong support of its shareholders Sumitomo Mitsui Financial
Group and Sumitomo Corporation, SMBC Aviation Capital has a
high-quality global airline customer base with a portfolio
comprising 83% narrow-body aircraft and 66% new technology aircraft
(by net book value). SMBC Aviation Capital has a strong capital
position and holds an A- and BBB+ rating with S&P and Fitch
respectively, reflecting the long-term strength of its business.
For more information, please visit: https://www.smbc.aero/
About Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture
and service of aircraft engines and auxiliary power units. To learn
more visit www.prattwhitney.com.
About RTX
With more than 185,000 global employees, RTX pushes the limits of
technology and science to redefine how we connect and protect our
world. Through industry-leading businesses – Collins Aerospace,
Pratt & Whitney, and Raytheon – we are advancing aviation,
engineering integrated defense systems, and developing
next-generation technology solutions and manufacturing to help
global customers address their most critical challenges. The
company, with 2023 sales of $69
billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact
corporatepr@rtx.com.
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SOURCE RTX