Yesterday, Pratt & Whitney’s (P&W) President, Rick Duerloo, spoke at a Wings Club event in New York. As expected, his remarks focused on positive news. He noted the strong demand for new aircraft stretched deep into the future. He also noted that MRO resources were job #1 at P&W. New delivery delays were keeping older aircraft and engines in service longer.
The upbeat assessment was no surprise. The market is strong, and single-aisle demand does indeed stretch off into the imagination. The duopoly is sitting on a decade-long backlog – long enough for the next generation to be designed and launched.
And what does the data say? Does it comport with Duerloo’s view? The following chart lists cumulative engine demand on single-aisle aircraft. Those curves are steep and look great. So, yes, the market is strong.
