SMBC Aviation Capital confirms an additional 42 Airbus A320neo family aircraft powered by RTX's Pratt & Whitney GTF™ engines
Pratt & Whitney, an RTX business, announced that SMBC Aviation Capital has exercised options for 22 firm orders of GTF-powered A320neo family aircraft. This is in addition to a 2021 order for 20 aircraft, bringing SMBC's total commitment to 42 firm A320neo family aircraft with GTF engines. SMBC Aviation Capital, one of the largest lessors for GTF-powered A320neo family aircraft, initially selected 50 firm aircraft in 2019 and currently manages a portfolio of 142 GTF-powered A320neo family aircraft. The announcement reinforces the relationship between these two global aviation leaders, highlighting the economic and environmental benefits of the GTF engines for airline customers.
Pratt & Whitney, un'azienda di RTX, ha annunciato che SMBC Aviation Capital ha esercitato opzioni per 22 ordini fermi di aerei della famiglia A320neo dotati di motori GTF. Questo si aggiunge a un ordine del 2021 per 20 aerei, portando il totale degli impegni di SMBC a 42 aerei A320neo fermi con motori GTF. SMBC Aviation Capital, uno dei più grandi locatori di aerei della famiglia A320neo con motori GTF, aveva inizialmente selezionato 50 aerei fermi nel 2019 e attualmente gestisce un portafoglio di 142 aerei della famiglia A320neo con motori GTF. L'annuncio rafforza la relazione tra questi due leader globali dell'aviazione, evidenziando i benefici economici e ambientali dei motori GTF per i clienti delle compagnie aeree.
Pratt & Whitney, una empresa de RTX, anunció que SMBC Aviation Capital ha ejercido opciones para 22 pedidos firmes de aviones de la familia A320neo propulsados por motores GTF. Esto se suma a un pedido de 2021 por 20 aviones, lo que eleva el compromiso total de SMBC a 42 aviones A320neo firmes con motores GTF. SMBC Aviation Capital, uno de los arrendadores más grandes de aviones de la familia A320neo con motores GTF, inicialmente seleccionó 50 aviones firmes en 2019 y actualmente gestiona un portafolio de 142 aviones de la familia A320neo con motores GTF. El anuncio refuerza la relación entre estos dos líderes globales de la aviación, destacando los beneficios económicos y ambientales de los motores GTF para los clientes de las aerolíneas.
프랫 앤트 휘니, RTX의 사업부,는 SMBC 항공 자본이 GTF 엔진이 장착된 A320neo 가족 항공기 22대의 확정 주문 옵션을 행사했다고 발표했습니다. 이는 2021년에 20대의 항공기를 주문한 것에 추가되어 SMBC의 총 약정이 42대의 A320neo 가족 항공기에 GTF 엔진이 장착된 것입니다. GTF 엔진이 장착된 A320neo 가족 항공기의 가장 큰 임대업체 중 하나인 SMBC 항공 자본은 2019년에 처음으로 50대의 확정 항공기를 선택했으며, 현재 142대의 GTF 엔진이 장착된 A320neo 가족 항공기를 관리하고 있습니다. 이 발표는 두 글로벌 항공 리더 간의 관계를 강화하며, 항공사 고객을 위한 GTF 엔진의 경제적 및 환경적 이점을 강조합니다.
Pratt & Whitney, une entreprise d'RTX, a annoncé que SMBC Aviation Capital a exercé des options pour 22 commandes fermes d'avions de la famille A320neo propulsés par des moteurs GTF. Cela s'ajoute à une commande de 2021 pour 20 avions, portant l'engagement total de SMBC à 42 avions de la famille A320neo fermes avec moteurs GTF. SMBC Aviation Capital, l'un des plus grands bailleurs d'avions de la famille A320neo équipés de moteurs GTF, avait initialement sélectionné 50 avions fermes en 2019 et gère actuellement un portefeuille de 142 avions de la famille A320neo propulsés par des moteurs GTF. Cette annonce renforce la relation entre ces deux leaders mondiaux de l'aviation, soulignant les avantages économiques et environnementaux des moteurs GTF pour les clients des compagnies aériennes.
Pratt & Whitney, ein Unternehmen von RTX, gab bekannt, dass SMBC Aviation Capital Optionen für 22 feste Bestellungen von GTF-getriebenen Flugzeugen der A320neo Familie ausgeübt hat. Dies kommt zusätzlich zu einer Bestellung aus dem Jahr 2021 über 20 Flugzeuge, was SMBCs Gesamtengagement auf 42 feste A320neo-Familienflugzeuge mit GTF-Triebwerken erhöht. SMBC Aviation Capital, einer der größten Leasinggeber für GTF-getriebene A320neo-Familienflugzeuge, wählte 2019 zunächst 50 feste Flugzeuge aus und verwaltet derzeit ein Portfolio von 142 GTF-getriebenen A320neo-Familienflugzeugen. Die Ankündigung stärkt die Beziehung zwischen diesen beiden globalen Luftfahrtführern und hebt die wirtschaftlichen und ökologischen Vorteile der GTF-Triebwerke für die Airline-Kunden hervor.
- SMBC Aviation Capital exercised options for 22 additional firm orders of GTF-powered A320neo family aircraft
- Total commitment increased to 42 firm A320neo family aircraft with GTF engines
- SMBC Aviation Capital manages a portfolio of 142 GTF-powered A320neo family aircraft
- Reinforces relationship between Pratt & Whitney and SMBC Aviation Capital
- None.
Insights
The decision by SMBC Aviation Capital to exercise options for 42 additional Airbus A320neo family aircraft powered by Pratt & Whitney's GTF engines underscores a significant trend in the aviation leasing market. The move reflects a clear preference for fuel-efficient and sustainable aircraft, aligning with increasing regulatory pressures and consumer demand for greener travel options. This could positively impact both companies' market positions.
SMBC Aviation Capital: By expanding their fleet with 42 more GTF-powered A320neos, SMBC is reinforcing its commitment to sustainability. This strategy may boost the company's attractiveness to airlines seeking to reduce their carbon footprints. In the long term, this could translate into increased demand for their leasing services, higher lease rates and potentially, better margins.
Pratt & Whitney: The announcement strengthens Pratt & Whitney's market position as a leader in the production of fuel-efficient engines. This order is a testament to the reliability and performance of the GTF engines, which could lead to further orders and partnerships. The long-term financial benefits for Pratt & Whitney include sustained revenue growth and stronger market dominance in the single-aisle aircraft segment.
From a financial perspective, this announcement can be seen as a positive indicator for both SMBC Aviation Capital and Pratt & Whitney. For investors, the increase in firm orders translates to revenue growth and potentially higher earnings in the near term.
SMBC Aviation Capital: The additional 42 firm orders represent a significant capital investment, but one that is likely to yield strong returns. The demand for fuel-efficient aircraft is set to rise, driven by regulatory requirements and airline commitments to sustainability. This positions SMBC well for future growth, with potential for increased leasing income and strong asset utilization rates.
Pratt & Whitney: For Pratt & Whitney, securing additional orders from one of the largest lessors of GTF-powered aircraft not only boosts immediate revenue but also enhances long-term sales visibility. Continued demand for the GTF engine will bolster their financial stability and might contribute to stock price appreciation. Investors could see an uptick in dividends and share buybacks as the company strengthens its cash flow.
The technological implications of this news are substantial. The GTF engine represents one of the most advanced propulsion systems in the aviation industry, providing significant reductions in fuel consumption and emissions.
Pratt & Whitney: The choice of GTF engines by SMBC Aviation Capital reaffirms the engine's technological superiority. The GTF engine's ability to reduce fuel burn by
SMBC Aviation Capital: By investing in these advanced engines, SMBC is future-proofing its fleet. The GTF engine's lower operating costs and enhanced environmental performance will make their aircraft more attractive to airlines, leading to higher lease rates and better retention rates. This technological foresight ensures that SMBC remains competitive in an evolving market landscape.
One of the largest GTF engine lessors now owns, manages, and has firm commitments for 142 GTF-powered aircraft
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
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
For questions or to schedule an interview, please contact corporatepr@rtx.com.
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SOURCE RTX
FAQ
How many additional A320neo family aircraft did SMBC Aviation Capital order from RTX's Pratt & Whitney?
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When did SMBC Aviation Capital initially select Pratt & Whitney GTF engines for their A320neo family aircraft?
What are the benefits of the Pratt & Whitney GTF engines for RTX (NYSE: RTX) customers?
