Engine Lease Finance Corporation (ELF) has reported the purchase and lease back of 25 Pratt & Whitney GTF™ engines. The agreement, completed in October 2021, includes engines for both the Airbus A220 and Airbus A320neo aircraft families. Included in the transaction is also an EngineWise® long-term maintenance agreement, in which the engines will join Pratt & Whitney’s global MRO network.
The acquisition represents a substantial investment by ELF in the latest technology aircraft engines, valued at more than US$400 million (£298.5 million) for the engines and associated maintenance and further advances ELF’s transition to the most modern fuel-efficient aircraft engines in the industry.
