RTX's Pratt & Whitney GTF Engines To Power 11 Airbus A220 Aircraft For Air Niugini
Portfolio Pulse from Benzinga Newsdesk
RTX's Pratt & Whitney has secured a deal to provide GTF engines for Air Niugini's fleet of 11 Airbus A220 aircraft, along with a 12-year EngineWise® Comprehensive support agreement. This marks Air Niugini as a first-time GTF customer.
July 24, 2024 | 12:12 pm
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POSITIVE IMPACT
Air Niugini's order for 11 Airbus A220 aircraft, which will be powered by RTX's Pratt & Whitney GTF engines, highlights continued demand for Airbus's A220 model.
The order for 11 Airbus A220 aircraft by Air Niugini indicates sustained demand for Airbus's A220 model, which could positively impact EADSY's revenues and market perception.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
RTX's Pratt & Whitney has secured a significant deal to provide GTF engines and a 12-year support agreement for Air Niugini's fleet of 11 Airbus A220 aircraft. This deal introduces Air Niugini as a new customer for GTF engines.
The deal with Air Niugini is a positive development for RTX, as it not only secures a new customer but also includes a long-term support agreement, which will likely boost revenues and strengthen market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100