Willis Lease Finance Corp. (WLFC), a prominent lessor of commercial aircraft engines and leader in global aviation services, announced on Thursday its recent agreement with Pratt & Whitney for the acquisition of nine new PW1133G-JM aircraft engines. These procurements are anticipated to be finalized by December 31, 2024. Pratt & Whitney's GTF engines are renowned for offering up to 20% enhanced fuel efficiency compared to older engine models. They are certified for operation using up to 50% sustainable aviation fuel (SAF) and have been successfully tested with 100% SAF.
This transaction, which approximately equates to $200 million based on Pratt & Whitney's projected 2024 list prices, represents a significant advancement in providing airlines with modern, high-demand engines. Pratt & Whitney operates as part of RTX (RTX).
"We are excited to further strengthen our partnership with Pratt & Whitney as we continue to invest in cutting-edge, fuel-efficient engines that offer substantial environmental advantages. This collaboration is in perfect alignment with our growth strategy and will aid our customers in maintaining the operation of their A320 aircraft in the long term," stated Austin C. Willis, Chief Executive Officer of WLFC.
The material has been provided by InstaForex Company - www.instaforex.com
This transaction, which approximately equates to $200 million based on Pratt & Whitney's projected 2024 list prices, represents a significant advancement in providing airlines with modern, high-demand engines. Pratt & Whitney operates as part of RTX (RTX).
"We are excited to further strengthen our partnership with Pratt & Whitney as we continue to invest in cutting-edge, fuel-efficient engines that offer substantial environmental advantages. This collaboration is in perfect alignment with our growth strategy and will aid our customers in maintaining the operation of their A320 aircraft in the long term," stated Austin C. Willis, Chief Executive Officer of WLFC.
The material has been provided by InstaForex Company - www.instaforex.com