BBAM Expands Fleet with Acquisition of Six New Pratt & Whitney GTF Engines

BBAM Expands Fleet with New Pratt & Whitney GTF Engines

In a significant development for the aviation sector, BBAM Limited Partnership has made a strategic acquisition of six new Pratt & Whitney GTF™ engines. This acquisition, finalized through a newly signed agreement with Pratt & Whitney, marks BBAM's first direct transaction with the renowned aircraft engine manufacturer, known for its cutting-edge aviation technology.

The engines are set to be delivered to Incline Aviation III, which is BBAM's flagship investment fund focused specifically on aviation. This acquisition underscores BBAM's commitment to enhancing its fleet capabilities and tapping into the growing demand from airline operators worldwide.

BBAM's Engine Program and Expertise

BBAM has built a robust engine program that integrates its leading capabilities in origination, leasing, and asset disposition with extensive technical expertise in engine management. The company is supported by a highly experienced team that brings more than 30 years of industry knowledge, and currently manages an impressive portfolio of over 45 engines valued at approximately $550 million.

Steve Zissis, President and CEO of BBAM, expressed his enthusiasm regarding this milestone. He stated, "This transaction marks an exciting milestone for BBAM as we complete our first direct deal with Pratt & Whitney, a global leader in aircraft engine technology. We are pleased to acquire six new GTF engines directly from the source and see strong demand from our airline customers. Our goal is to establish a long and successful partnership with the Pratt & Whitney team."

The GTF engine is celebrated for its cutting-edge efficiency and performance, particularly in the single-aisle aircraft category. Nick Tomassetti, Vice President of Sales & Marketing at Pratt & Whitney, highlighted the importance of this deal, indicating it marks the beginning of a promising relationship between BBAM and Pratt & Whitney. He noted that the GTF engine would provide significant economic and operational advantages for BBAM's airline clients globally.

About BBAM

BBAM stands as one of the world’s largest and most established aircraft lessors, serving over 100 aviation customers across more than 50 countries. Uplifting operations with its significant focus on generating investment returns, BBAM specializes in fleet and financing solutions tailored for airlines around the globe. With over 500 aircraft currently under its management, BBAM employs a talented workforce of over 150 professionals from various international locations, including Dallas, San Francisco, Puerto Rico, Tokyo, Singapore, Zurich, and Dublin.

The company's full-service leasing model encompasses a wide range of in-house capabilities, including aircraft origination, leasing, technical maintenance, regulatory compliance, capital markets activity, tax structuring, and legal support. This comprehensive service offering positions BBAM uniquely in the aviation sector, allowing it to navigate and respond to the evolving needs of its clients effectively.

As BBAM embarks on this new venture with Pratt & Whitney, the aviation community is keeping a watchful eye on how this partnership will influence the market and improve operational efficiency for airlines relying on these advanced engines. The acquisition not only showcases BBAM's growth trajectory but also emphasizes its strategic positioning within the competitive landscape of aircraft leasing and management.

For further details regarding the acquisition or BBAM’s operations, please visit BBAM's official website.