On top of the committed corporate capital, the fund has raised nearly $500,000 from United customers through contributions made during the booking process.
Pratt expects the number of grounded A320neos to peak by April 1 as engine removals to check parts with contaminated powder metal (PM) continue to rise.
2024 is shaping up to be a strong year for the aircraft asset market as global air traffic recovers to pre-pandemic levels amid a limited supply of new jets.