NEWPORT BEACH, CALIFORNIA — American aircraft leasing company Aviation Capital Group announced that it decided to equip its A320neos on order with Pratt & Whitney's Geared Turbofan engines.

The lessor has 40 firm orders plus 20 options with the European aircraft manufacturer. With this announcement, ACG's order book reaches 80 firm and 27 option GTF-powered aircraft. The latest engine selection includes 20 firm Airbus A220 aircraft, plus 20 firm and 20 option A320neo family aircraft.

"The GTF engine continues to deliver impressive economic and environmental benefits to our customers. We are pleased to increase ACG's commitment for additional GTF-powered aircraft,"

said Steven C. Udvar-Hazy, Senior Vice President & Chief Procurement Officer at ACG.

ACG owns, manages, and has on order 145 aircraft powered by Pratt & Whitney, including Airbus A220 and A320neo families with GTF engines, Airbus A320ceo family with V2500® engines, and Boeing 757 aircraft with PW2000 engines. ACG serves around 90 customers in approximately 45 countries.

The Pratt & Whitney GTF engine is the only geared propulsion system. It reduces fuel consumption and carbon emissions by 16 to 20 percent and noise footprint by 75 percent, with NOx emissions 50 percent below the ICAO CAEP/6 regulation.