AirAsia X Orders 150 Airbus A220 with Pratt & Whitney Engines
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy RTX?
Source: PRnewswire
- Large Order Size: AirAsia X has ordered 150 Airbus A220 aircraft powered by Pratt & Whitney GTF™ engines, with deliveries starting in 2028, marking a significant step in expanding its fleet and enhancing operational efficiency.
- Long-term Maintenance Agreement: Pratt & Whitney will provide engine maintenance through a 12-year EngineWise® Comprehensive service agreement, ensuring AirAsia benefits from efficient engine services over the next 12 years, thereby enhancing its market competitiveness.
- Fuel Efficiency Improvement: The GTF engines deliver 20% lower fuel consumption and a 75% smaller noise footprint compared to previous generations, which will help AirAsia achieve higher cost efficiency and environmental sustainability in its operations.
- Strong Market Demand: Pratt & Whitney has received over 13,000 GTF engine orders and commitments, reflecting strong market demand for its innovative technology, further solidifying its leadership position in the single-aisle market.
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Analyst Views on RTX
Wall Street analysts forecast RTX stock price to rise
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 176.090
Low
168.00
Averages
195.77
High
215.00
Current: 176.090
Low
168.00
Averages
195.77
High
215.00
About RTX
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Supply Dynamics: With Spirit's bankruptcy, more A320neo planes are expected to enter the market; however, these engines will not be available immediately, which will provide airlines with more options and improve overall supply chain conditions in the long run.
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See More
