Mitsubishi Heavy Industries (MHI) has taken a one-off charge related to the powder metal contamination issue of the Pratt & Whitney PW1100G-JM Geared Turbofan. The Japanese industrial giant included the charge in its HY1 results but hasn’t specified the value. MHI…
IndiGo is now expanding and stretching its wings as it looks to fly not only to more new international destinations but also to connect more Indian cities to international destinations. “We are expanding to different cities. If Singapore Airlines can fly…
Raytheon Technologies, known now as RTX, will gamble a portion of its future on stock buybacks that will increase the stock price (and thereby compensation for senior executives with stock options.) Stock buybacks are good when funded from earnings and…
Pratt & Whitney-parent RTX expects that the powder metal contamination issue of the Geared Turbofan will have no significant operational or financial impact on PW1500G and PW1900G engines. Although there will be some limits on flight cycles, inspections and replacement of…
UPDATE – GE Aerospace benefitted from strong demand for new commercial engines and services, reporting a 25-percent growth of revenues to $8.4 billion in Q3. For the year-to-date, revenues are up by even 26 percent to $23.3 billion, General Electric…
RTX stated that Pratt & Whitney (P&W) GTF-powered A320 family aircraft grounded for engine problems would rise from approximately 10% of the fleet in mid-September to 600 to 650 airplanes AOG by early 2Q24. Aviation Week analysis shows The percentage…