SMBC Aviation Capital Selects P&W GTF Engines to Power 20 Additional Airbus A320neo Family Aircraft

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.