P&W, Wizz Air Ink $2.5B Deal for GTFs

Pratt & Whitney and Wizz Air announced at the Farnborough Airshow yesterday the selection of PW1100G Geared Turbofan (GTF) engines for the 110 firm orders and 90 purchase rights the European budget carrier has placed for Airbus A320neos.

“Following a detailed review process, we concluded that the geared turbofan engine delivers the best value proposition as well as maximum fuel and operational efficiency,” said Jozsef Varadi, Wizz Air CEO.

Said Rick Deurloo, Pratt & Whitney’s senior v-p, commercial engines sales, “We’re providing more than just engines. We’re delivering a revolution in sustainable aviation technology.”

Engine deliveries are scheduled to commence in 2019. The agreement, if all options are exercised, is valued at $2.5 billion.

Pratt & Whitney also announced signing a 15-year services agreement with Air Canada to maintain its fleet of PurePower PW1500G engines which will power their C Series airliners. The Canadian carrier has 45 firm orders and 30 options for the Bombardier jets. The arrangement will enable Air Canada “to benefit from [Pratt & Whitney’s] experience developing this ground-breaking engine technology, and provide us the long-term reliability and predictability to prove the best service for our customers,” said Richard Steer, vice-president, Air Canada Maintenance and Engineering.

In additional Pratt & Whitney Farnborough news, BOC Aviation has selected the V2500 engine for its 18 firm orders for A320ceo airliners. The V2500 is offered through IAE International Aero Engines AG, a multinational consortium comprised of Pratt & Whitney, Pratt & Whitney Aero Engines International, Japanese Engines Corporation, and MTU Aero Engines.