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

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.