Icelandair Taps RTX's Pratt & Whitney GTF Engines to Power up to 35 Airbus A320Neo Family Aircraft
Portfolio Pulse from Benzinga Newsdesk
Icelandair has chosen Pratt & Whitney's GTF engines, a business of RTX (NYSE:RTX), to power up to 35 new Airbus A320neo family aircraft. This deal includes a mix of leased and purchased A321XLR and A321LR aircraft, making Icelandair a first-time GTF customer. Additionally, Icelandair has entered into an EngineWise agreement with Pratt & Whitney for the long-term maintenance, repair, and overhaul of the GTF engines, ensuring support for smooth service entry and operation.
March 04, 2024 | 10:06 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
RTX's Pratt & Whitney business secures a deal with Icelandair to supply GTF engines for up to 35 Airbus A320neo family aircraft, including a long-term EngineWise service agreement.
This partnership with Icelandair represents a significant business win for RTX's Pratt & Whitney, marking Icelandair as a first-time customer for its GTF engines. The inclusion of a long-term EngineWise service agreement further solidifies the relationship and promises steady revenue from maintenance and overhaul services. This deal is likely to be viewed positively by investors, potentially leading to a short-term positive impact on RTX's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90