WLFC inks deal with Pratt & Whitney for 15 GTF engines

Engine lessor Willis Lease Finance Corporation (WLFC) has finalised a deal with RTX’s engine manufacturing arm Pratt & Whitney for the purchase and leaseback of up to 15 PW1100G-JM GTF aircraft engines. All purchases are expected to be made by the end of the year. The transaction is valued at approximately $363.9 million. “By providing efficient capital, while integrating our strategically aligned aftermarket service offerings, we continue to grow our portfolio, investing in more environmentally friendly engines,” WLFC CEO Austin Willis. The GTF engines offer up to 17% lower fuel consumption and is certified to operate on 50% sustainable aviation