BBAM Limited Partnership (BBAM) has acquired six new Pratt & Whitney GTF™ engines through a newly finalised agreement with the engine manufacturer, a division of RTX. The engines have been delivered to Incline Aviation III, BBAM's third flagship aviation investment fund.
This marks BBAM's first direct transaction with Pratt & Whitney and represents a strategic expansion of its dedicated engine programme. BBAM's engine initiative combines its extensive capabilities in origination, leasing and asset disposition with advanced technical expertise in engine management. With a team boasting over 30 years of industry experience, BBAM currently manages more than 45 engines valued at over US$550 million, encompassing a wide range of asset types and vintages.
Steve Zissis, President and Chief Executive Officer of BBAM, expressed enthusiasm about the new collaboration, highlighting the strong market demand for GTF engines and the benefits of sourcing directly from Pratt & Whitney. He also emphasised BBAM's commitment to establishing a lasting and successful relationship with the engine manufacturer.
Pratt & Whitney's Vice President of Sales & Marketing, Nick Tomassetti, echoed these sentiments, stating that the deal initiates a new partnership with one of the world's largest aircraft lessors. He also pointed to the efficiency and economic advantages of the GTF engine for single-aisle aircraft, which will benefit BBAM's global airline clientele.
This transaction strengthens BBAM's engine portfolio and underscores its role as a leading force in aircraft and engine leasing on a global scale.
