NEWPORT BEACH, Calif. (June 17, 2019) - Aviation Capital Group LLC (ACG), a leading aircraft operating lessor, announced today that it has selected Pratt & Whitney GTF™ engines to power an additional 10 firm and 10 option A320neo family aircraft, bringing its total to 30 firm GTF-powered A320neo and A321neo aircraft. ACG currently owns or manages 75 aircraft powered by GTF V2500 and PW2000 engines. These 10 firm GTF-powered aircraft are expected to be delivered by 2023.
“We are happy to increase ACG’s total commitment for GTF engines, which deliver valuable fuel savings and environmental benefits to our airline customers,” said Steven C. Udvar-Hazy, senior vice president, Original Equipment Manufacturers Relations and Market Development at ACG.
“We appreciate ACG’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 look forward to growing our strong partnership as we supply ACG and its airline customers with the advantages of the game-changing GTF engine.”
About Aviation Capital Group
Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of March 31, 2019, which are leased to approximately 90 airlines in approximately 45 countries. ACG was founded in 1989 and is a private company that is majority owned by Pacific Life Insurance Company.