Pratt & Whitney announced today that leading aircraft leasing company Aviation Capital Group LLC (ACG) has selected 20 firm GTF-powered Airbus A220 aircraft, and also selected GTF engines to power an additional 20 firm and 20 option A320neo family aircraft. This brings ACG’s total to date to 80 firm and 27 option GTF-powered aircraft.
“The GTF engine continues to deliver impressive economic and environmental benefits to our customers,” said Steven C. Udvar-Hazy, senior vice president, and chief procurement officer at ACG. “We are pleased to increase ACG’s commitment for additional GTF-powered aircraft.”
ACG owns, manages and has on order more than 145 aircraft powered by Pratt & Whitney, including Airbus A220 and A320neo families with GTF engines, Airbus A320ceo family with V2500® engines and Boeing 757 aircraft with PW2000 engines. ACG serves around 90 customers in approximately 45 countries with dynamic fleet solutions.
Key data points: The growth forecast = 38.7% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in eVTOL aircraft market to 2031 by propulsion type (battery-electric, hybrid-electric, and hydrogen-electric), mode of operation (piloted, autonomous, and semi-autonomous), lift technology (vectored thrust, multirotor, and lift plus cruise), application (commercial, military, emergency medical service, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pages“Leading lessors like ACG are recognizing the increasing value that GTF engines are giving operators,” said Rick Deurloo, chief commercial officer at Pratt & Whitney. “With fuel prices and environmental concerns on the rise, GTF engines’ lower fuel consumption and CO2 emissions are growing more attractive by the day.”
