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PARIS - Wizz Air (LSE:WZZ.L) has chosen Pratt & Whitney’s PW1100G-JM geared turbofan engines to power 177 Airbus A321neo aircraft, according to a press release statement issued Tuesday.
The agreement brings Wizz Air’s total GTF-powered aircraft orders to 453, following previous selections in 2016 and 2020 for 276 Airbus A320neo, A321neo and A321XLR aircraft. The engine order comes after Wizz Air shareholders approved the aircraft purchase.
Pratt & Whitney, an RTX (NYSE:RTX) business, will also provide engine maintenance through a long-term EngineWise Comprehensive service agreement.
Wizz Air currently operates 163 A320neo family aircraft with GTF engines and 73 A320ceo family aircraft with IAE V2500 engines. The airline is the largest A320neo-family operator in Europe and recently became the first airline to operate the A321XLR powered by GTF engines.
The agreement includes a support package to address operational stability and mitigate impacts from grounded aircraft. Future A321neo-family deliveries will eventually be powered by the GTF Advantage engine as it becomes the production standard.
József Váradi, CEO of Wizz Air, said the GTF engine technology delivers "the most economical solution, providing unmatched fuel efficiency while enabling quieter and less emitting flights."
Rick Deurloo, Commercial Engines President of Pratt & Whitney, called the selection "a vote of confidence in the GTF engine."
Wizz Air operates a fleet of 236 Airbus A320 and A321 aircraft with an average age of 4.56 years and served 62.8 million passengers in 2024. According to InvestingPro, RTX’s robust financial health and extensive analysis are available in the Pro Research Report, offering investors deeper insights into one of aerospace’s key players. The stock currently appears to be trading above its Fair Value based on comprehensive analysis available through InvestingPro’s advanced valuation models.
In other recent news, RTX Corporation has been approved by the U.S. State Department for a potential $211 million sale of advanced medium-range air-to-air missiles to Italy. This development positions RTX as the principal contractor for the military sale, as confirmed by the Pentagon. Additionally, Pratt & Whitney, a division of RTX, has completed full power testing of its hybrid-electric propulsion system, marking a significant milestone in its Hybrid-Electric Flight Demonstrator project. In a separate announcement, Pratt & Whitney has signed a 12-year comprehensive maintenance services agreement with Cebu Pacific for the airline’s GTF engine fleet. This deal aims to enhance maintenance planning predictability for Cebu Pacific’s aircraft engines.
Furthermore, Jefferies has raised the price target for RTX stock to $155, citing expectations for accelerated margin growth at Pratt & Whitney. The firm projects a 5% organic sales growth rate for Raytheon, another RTX division, through 2027. Meanwhile, RTX’s shares saw a rise following increased geopolitical tensions in the Middle East, although specific stock price movements are not detailed here. These developments reflect RTX’s active involvement in both defense and aerospace sectors, with strategic agreements and projects underway.
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