Paris, June 17, 2019 – SMBC Aviation Capital has selected Pratt & Whitney GTF™ engines to power an additional 20 A320neo family aircraft with options, bringing the leasing company's total to 50 firm GTF-powered A320neo family aircraft. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX).
“We are pleased to increase SMBC Aviation Capital’s total commitment for GTF engines,” said Peter Barrett, CEO of SMBC Aviation Capital. “We focus on supplying our customers with aircraft that are the right solutions for their specific requirements and we are confident that the Pratt & Whitney powered A320neo will provide them with a highly efficient and effective solution.”
SMBC Aviation Capital currently manages 65 aircraft powered by GTF and V2500 engines. The additional aircraft are expected to be delivered by 2025.
“We value SMBC Aviation Capital’s continued confidence in the GTF engine with this additional order,” said Rick Deurloo, chief customer officer and senior vice president, Customers at Pratt & Whitney. “We are honored to supply SMBC Aviation Capital and its airline customers with the advantages of the game-changing GTF engine.”
Since entering into service in early 2016, the GTF engine has demonstrated its promised ability to reduce fuel burn by 16 percent, to reduce nitrogen oxide emissions by 50 percent compared to the regulatory standard and to reduce the noise footprint by 75 percent.
About Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit its website at www.utc.com, or follow the company on Twitter: @UTC. To receive press releases and other news directly, please sign up here.
This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in levels of demand in the aerospace industry, in levels of air travel, and in the number of aircraft to be built; challenges in the design, development, production support, performance and realization of the anticipated benefits of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.’s Securities and Exchange Commission filings.
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