SMBC Aviation Capital Increases Airbus A320neo Portfolio With 42 New Additions, All Equipped With Pratt & Whitney GTF™ Engines

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Farnborough Air Show — Pratt & Whitney, a division of RTX (NYSE: RTX), has revealed that SMBC Aviation Capital, a prominent lessor of GTF-powered A320neo family aircraft, has exercised options for an additional 22 firm orders. This expands upon their 2021 order of 20 more firm aircraft, increasing the lessor’s total commitment to 42 additional A320neo family aircraft equipped with GTF engines.

In 2019, SMBC Aviation Capital initially committed to 50 firm orders for Pratt & Whitney A320neo family aircraft. Currently, they oversee a fleet of 142 GTF-powered A320neo family aircraft. This latest announcement highlights the strong partnership between these two leading entities in the aviation industry.

“We appreciate SMBC Aviation Capital’s continued confidence in Pratt & Whitney as we work together to deliver economic and environmental benefits for airline customers,” said Rick Deurloo, president of Commercial Engines at Pratt & Whitney. “These additional orders are a testament to the advantages this engine delivers as the most fuel-efficient, sustainable engine for single-aisle aircraft.”

“SMBC Aviation Capital is pleased to confirm these latest technology engines reflecting our underlying commitment to invest in the most fuel efficient and sustainable aircraft types, which our customers want to operate,” said Barry Flannery, CCO of SMBC Aviation Capital.

SMBC Aviation Capital ranks as the world’s second-largest aircraft lessor. With robust backing from its shareholders, Sumitomo Mitsui Financial Group, and Sumitomo Corporation, SMBC Aviation Capital boasts a top-tier global airline customer base. Its portfolio consists of 83% narrow-body aircraft and 66% new technology aircraft by net book value. The company enjoys a strong capital position and has earned impressive credit ratings of A- from S&P and BBB+ from Fitch, underscoring the enduring stability and strength of its business.

RTX, employing over 185,000 people worldwide, is at the forefront of technological and scientific advancements, redefining global connectivity and security. Through its leading subsidiaries—Collins Aerospace, Pratt & Whitney, and Raytheon—RTX is pioneering progress in aviation, engineering integrated defense systems, and crafting next-generation technological solutions and manufacturing processes. With 2023 sales reaching $69 billion, RTX is headquartered in Arlington, Virginia, and is dedicated to addressing the most critical challenges faced by its global customers.