RTX's Pratt & Whitney Selected By Cebu Pacific Air To Power 15 Additional Single-Aisle Aircraft
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Pratt & Whitney, a business unit of RTX (NYSE:RTX), has been chosen by Cebu Pacific Air to supply GTF engines for 15 more single-aisle aircraft, including 10 A321neo and 5 A320neo models. Additionally, Pratt & Whitney will offer engine maintenance under an EngineWise Comprehensive service agreement.
February 20, 2024 | 8:24 am
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RTX's Pratt & Whitney division has been selected by Cebu Pacific Air to provide GTF engines for 15 additional A320neo and A321neo aircraft, including a maintenance service agreement.
The selection of Pratt & Whitney by Cebu Pacific Air to provide engines for additional aircraft is a positive development for RTX, indicating trust and satisfaction with their GTF engines. This deal not only increases RTX's revenue from the sale of the engines but also from the long-term EngineWise Comprehensive service agreement for maintenance. Such agreements typically provide steady revenue streams and can enhance the company's reputation in the aviation industry.
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