Willis Lease Finance Corporation announced on December 19, 2024, a transaction with Pratt & Whitney for the purchase of nine new PW1133G-JM aircraft engines. All purchases are expected to be completed by December 31, 2024.
The transaction is valued at approximately $200 million, based on Pratt & Whitney’s 2024 list prices. These GTF engines offer up to 20% better fuel efficiency compared to prior-generation engines and are certified for operation on 50% sustainable aviation fuel (SAF).
CEO Austin C. Willis stated that this investment deepens the partnership with Pratt & Whitney and aligns with WLFC's strategy to acquire cutting-edge, fuel-efficient engines. This move is a significant step towards providing modern and in-demand engines to airlines over the long term, supporting their A320 aircraft fleets.
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