Agreement is aircraft lessor's first direct GTF engine order 

LONDON, July 23, 2024 – Farnborough Air Show - Pratt & Whitney, an RTX (NYSE: RTX) business, announced today that Avolon has selected GTF engines to power 80 Airbus A320neo family aircraft. The order means Avolon will have 158 GTF-powered aircraft in its delivered and committed fleet, with options for engines to power 80 additional aircraft.

This order represents one of Pratt & Whitney's largest transactions with a lessor for its GTF engines.

"We are building on our collaboration with Avolon, who remains at the forefront of the lessor community," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney. "GTF engines will provide Avolon's customers with unmatched fuel efficiency and the lowest carbon emissions available for single aisle aircraft."

"These engines will power our large orderbook of A320neo family aircraft and put us in an excellent position to service our customers' narrowbody requirements out to 2030 and beyond," said Andy Cronin, chief executive officer at Avolon. "Engine innovation has been one of the key tools to lower emissions and support the industry's decarbonization journey. We value Pratt & Whitney's strong customer focus and are excited about leveraging their GTF engines to support the transition of our fleet to more fuel-efficient technology."

Avolon currently has a portfolio of 81 V2500-powered A320ceo family aircraft and 39 GTF-powered A320neo family aircraft in its delivered fleet.