Aviation Capital Group Adds Additional P&W Geared Turbofan Engines to Power Fleet of Airbus A320neo Family Aircraft

Aviation Capital Group (ACG) has selected Pratt & Whitney Geared Turbofan™ (GTF) engines to power an additional seven firm A320neo family aircraft, bringing the leasing company's total to 20 firm GTF-powered A320neo and A321neo aircraft. ACG currently manages over 60 aircraft powered by Pratt & Whitney and IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney; Pratt & Whitney Aero Engines International GmbH; Japanese Aero Engines Corporation; and MTU Aero Engines GmbH. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX).

"We are pleased to increase ACG's total commitment for Pratt & Whitney engines," said Khanh T. Tran, chief executive officer at Aviation Capital Group. "ACG's airline customers appreciate the increased fuel efficiency of the GTF engine."

"We appreciate ACG adding additional engines to its fleet," said Rick Deurloo, senior vice president of sales, marketing and customer support at Pratt & Whitney. "We look forward to supplying ACG and its airline customers with game-changing technology and unmatched fuel efficiency. This order demonstrates renewed and well-placed confidence in the 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 to the regulatory standard, and to lower the noise footprint by 75 percent.