ACIA Aero Leasing Signs contract with Pratt & Whitney Canada for 10 New PW127M engines

Wednesday 16th October 2024

ACIA  Aero Leasing (“ACIA ”), a leading provider of regional aircraft leasing and lease management services, announced today that it has signed a contract with Pratt & Whitney Canada for the purchase of 10 new PW127M engines. The programme will include the swap out of existing engines and will ensure that ACIA  Aero Leasing can fully serve its existing and growing ATR customer base. Deliveries will commence in 2025. Pratt & Whitney is an RTX (NYSE: RTX) business.

“We have made this substantial investment decision to ensure we can offer our customers the most attractive pre-owned ATR solutions in the market,” said Neil Du Preez, Senior Vice-President, Technical & Asset Management of ACIA  Aero Leasing. “This purchase gives us and our customers access to critical PW100 engine inventory as the industry continues to experience supply chain issues.”

“Celebrating its 40th anniversary this year, the PW100 engine powers 90% of all regional turboprop aircraft in the 30-70 passenger category,” said Irene Makris, vice president, Customer Service, Pratt & Whitney Canada. “With its versatility in connecting cities, towns, islands, and remote locations, regional turboprops deliver the social and economic benefits of air travel to thousands of communities worldwide that might otherwise remain isolated. Additionally, aircraft powered by PW100 engines consume 40% less fuel and produce significantly lower CO2 emissions compared to similar-sized regional jets on comparable routes. This not only enhances operational efficiency but also contributes to a more sustainable aviation industry.”

“Our customers come to us in the knowledge that the ATR aircraft we deliver are amongst the best pre-owned solutions in today’s market. The decision to add new engines to our fleet will ensure that ACIA  Aero Leasing maintains its market leadership in the regional segment by continuing to provide best-in-class, competitive assets to its customers,” added Du Preez.

Pratt & Whitney PW127M engine

About ACIA  Aero Leasing

ACIA  Aero Leasing (“ACIA ”), a subsidiary of ACIA  Aero Capital (“ACIA  Group”), is a leading regional aircraft lessor headquartered in Ireland, with offices located in France, United Kingdom, and South Africa. ACIA  manages a portfolio of 70 regional passenger and freighter aircraft on lease to operators in more than 22 countries globally. Through our strategic partnerships, ACIA  provides airlines with turn-key leasing solutions from dry leasing through to charter operations.