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Air Lease Announces Encouraging Activity Update for Q2 2025
ZACKS· 2025-07-08 17:21
Key Takeaways AL's fleet reached 495 owned and 53 managed aircraft, with 241 more on order through 2031. In Q2 2025, AL delivered 12 new aircraft and sold 4, with total aircraft investments hitting $890M. AL received $344M from insurance settlements tied to its former Russian fleet.Air Lease Corporation (AL) provided an update on its aircraft investments, sales and significant financing activities occurring in the second quarter of 2025.As of June 30, 2025, Air Lease’s fleet included 495 owned aircraft an ...
Wizz Air Selects RTX Pratt & Whitney GTF™ Engines to Power Up to an Additional 177 Airbus A321neo Aircraft
Prnewswire· 2025-06-17 10:00
Announcement brings order total to 453 GTF-powered aircraftPARIS, June 17, 2025 /PRNewswire/ -- PARIS AIR SHOW -- Wizz Air (LSE: WZZ.L), Pratt & Whitney, an RTX (NYSE: RTX) business, announced today that Wizz Air has selected the Pratt & Whitney PW1100G-JM geared turbofan (GTF) engine to power its 177 firm Airbus A321neo aircraft, following prior shareholder approval of the aircraft purchase. Wizz Air previously selected Pratt & Whitney's GTF engine to power 276 Airbus A320neo, A321neo and A321XLR aircraft ...
Frontier Airlines selects RTX's Pratt & Whitney GTF™ engines to power 91 Airbus A321neo aircraft
Prnewswire· 2025-06-16 10:00
Group 1 - Frontier Airlines has selected Pratt & Whitney GTF™ engines to power 91 Airbus A321neo aircraft, increasing its total commitment to 235 GTF-powered aircraft [1][2] - The first of the new aircraft is scheduled for delivery in Q4 2026, and Pratt & Whitney will provide long-term engine maintenance through an EngineWise® Comprehensive service agreement [1][3] - Frontier Airlines operates the largest and youngest A320neo family fleet in the U.S., emphasizing its commitment to fuel efficiency and environmental sustainability [2][4] Group 2 - The GTF Advantage engine, which offers higher take-off thrust, better fuel efficiency, and longer time on wing, will be the production standard for Frontier Airlines' A321neo aircraft deliveries in the coming years [3] - Frontier Airlines aims to enhance its customer-centric brand transformation while maintaining affordable prices and exceptional travel experiences [3][4] - Pratt & Whitney has a long history in aircraft engine design and service, supporting over 90,000 in-service engines globally [5] Group 3 - RTX, the parent company of Pratt & Whitney, is the world's largest aerospace and defense company, with over 185,000 employees and 2024 sales exceeding $80 billion [6] - RTX focuses on advancing aviation and integrated defense systems, addressing critical challenges for global customers [6]