Spirit Airlines Picks Pratt & Whitney GTF Engines To Power A320neo Aircraft

by Akanksha Bakshi, Benzinga Editor
October 25, 2021 3:18 PM | 1 min read |
  • Spirit Airlines Inc SAVE has signed an agreement with Pratt & Whitney, a Raytheon Technologies Corp RTX business, for PW1100G-JM engines to power its latest order of new A320neo Family aircraft. Financial terms were not disclosed.
  • The company expects the deliveries from the firm 100-aircraft order to begin in 2023, and the agreement includes options for another 50 aircraft.
  • Additionally, Spirit and Pratt & Whitney entered into an EngineWise Comprehensive long-term maintenance agreement to service Spirit's fleet of aircraft.
  • Price Action: SAVE shares are trading lower by 0.61% at $22.86, while RTX is lower by 0.71% at $91.21 on the last check Monday.
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