GTF powder metal issue keeps P&W busy well through 2026
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Category Pratt & Whitney
Pratt & Whitney GTF update
RTX provided an update on the GTF issue. RTX expects the issue to cost $3-3.5bn, with a $3bn charge booked in 3Q23 (P&W has a 51% share). Pratt & Whitney (P&W) sees 600-700 engines coming in for accelerated shop visits…
Material anomaly requires more Geared Turbofan inspections
The FAA is to release a new Airworthiness Directive on August 22 that requires additional inspections of the Pratt & Whitney PW1100G-JM. This follows the analysis of an incident on an Airbus A320neo in December last year. The issue is related…
Delays spur sales of used aircraft for Air Lease Corporation
Air Lease Corporation (ALC) experienced a quarter of “strong growth and meaningful aircraft sales”, which helped drive a $164 million net income. While the US lessor is confronted with continued delivery delays, the upside is strong demand for used aircraft…
Spirit Airlines: GTF issues hurt, no more A319neo’s
UPDATE – As the biggest operator of the Geared Turbofan in the US, Spirit Airlines expects to be hit hard by the latest engine issue. The airline will remove seven Airbus A320neos from service after Labor Day for accelerated inspections…
GTF issues force Wizz Air to cut back capacity
Wizz Air is reducing its summer capacity growth by five percent to 25 percent, citing “continued infrastructure and supply chain limitations that are facing the industry.” This has all to do with the accelerated inspections of the Pratt & Whitney…