BBAM Acquires Six GTF Engines

BBAM Expands Engine Portfolio with Acquisition of Six Pratt & Whitney GTF Engines

BBAM Limited Partnership (BBAM) has completed the acquisition of six Pratt & Whitney GTF™ engines through a newly finalized agreement with the engine manufacturer, a division of RTX. These engines have been delivered to Incline Aviation III, BBAM’s third flagship aviation investment fund, marking the company’s inaugural direct transaction with Pratt & Whitney. This milestone represents a significant advancement in BBAM’s dedicated engine program and its broader strategic growth.

Strengthening Market Position Amid Rising Demand

The acquisition arrives amid strong market demand for GTF engines, which are recognized for their fuel efficiency and economic advantages, particularly for single-aisle aircraft. BBAM’s decision to expand its engine portfolio with these advanced powerplants is expected to enhance its competitive standing within the global aircraft and engine leasing industry. The company brings extensive expertise in origination, leasing, asset disposition, and technical engine management, currently overseeing a fleet of more than 45 engines valued at over US$550 million across a variety of asset types and vintages.

Steve Zissis, President and Chief Executive Officer of BBAM, underscored the strategic importance of the direct relationship with Pratt & Whitney. He emphasized the benefits of sourcing engines directly from the manufacturer and reaffirmed BBAM’s commitment to cultivating a long-term partnership. “We see strong market demand for GTF engines and are pleased to establish a direct relationship with Pratt & Whitney, which will enhance our ability to serve our airline customers worldwide,” Zissis stated.

Industry Implications and Future Outlook

Nick Tomassetti, Vice President of Sales & Marketing at Pratt & Whitney, described the agreement as the foundation of a new partnership with one of the world’s largest aircraft lessors. He highlighted the GTF engine’s advanced technology, which delivers significant efficiency and economic benefits to BBAM’s global customer base.

The transaction has attracted considerable attention within the aviation sector, as BBAM’s strategic expansion may prompt competitors to strengthen their own engine portfolios or negotiate more favorable terms with manufacturers. While the acquisition positions BBAM to better address airline customer needs, it also comes amid ongoing supply chain challenges affecting the broader industry. Despite these potential obstacles, initial market responses have been positive, reflecting investor confidence in BBAM’s growth strategy and its capacity to manage emerging risks.

By incorporating new-generation engines into its portfolio, BBAM reinforces its status as a leading entity in aircraft and engine leasing, setting the stage for continued innovation and heightened competition within the sector.