WLFC inks deal with Pratt & Whitney for 15 GTF engines

Willis Lease Finance Corporation (WLFC), a prominent lessor of commercial aircraft engines and global provider of aviation services, has finalised a deal with Pratt & Whitney, a division of RTX Corporation, for the purchase-and-leaseback of up to fifteen Pratt & Whitney PW1100G-JM GTF aircraft engines.

All purchases are expected to be completed by December 31, 2024. Pratt & Whitney's GTF engines offer up to 17% lower fuel consumption, are certified for operation on 50% Sustainable Aviation Fuel (SAF), and have been successfully tested on 100% SAF. The transaction is valued at US$363.9 million, according to Pratt & Whitney's list prices for the year 2024.