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Spirit Airlines (NYSE: SAVE), announced it has signed an agreement with Pratt & Whitney, a Raytheon Technologies business (NYSE: RTX), through its affiliate, IAE International Aero Engines AG (“IAE”), for PW1100G-JM engines to power its latest order of new Airbus A320neo Family aircraft. Deliveries from the firm 100-aircraft order are expected to begin in 2023, and the agreement includes options for another 50 aircraft.
In addition to the engine order, Spirit and Pratt & Whitney entered into an EngineWise® Comprehensive long-term maintenance agreement to service Spirit’s fleet of 168 aircraft and growing.
“Spirit operates one of the youngest and most fuel-efficient fleets in the industry, and this order for the latest GTF engines, combined with our existing pipeline of brand-new aircraft, will ensure we continue leading the way,” said Spirit Airlines’ Chief Financial Officer Scott Haralson. “Pairing new planes with the latest engine technology from our long-term business partner Pratt & Whitney allows us to accomplish our mission of delivering the best value in the sky.”
Since entering service in early 2016, the GTF engine has demonstrated its promised ability to reduce fuel burn and carbon emissions by 16 percent on A320neo family aircraft, reduce nitrogen oxide emissions by 50 percent compared to the regulatory standard, and reduce the noise footprint by 75 percent.
“We are honored to extend our long-standing relationship with Spirit,” said Rick Deurloo, Chief Commercial Officer at Pratt & Whitney. “We appreciate Spirit’s continued confidence in us – and in the unmatched economic and environmental performance that our GTF engines are delivering.”
This press release was prepared and distributed by Spirit Airlines
