GTF powder metal issue keeps P&W busy well through 2026

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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…

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Eviation Aircraft announced Solyu, a leasing company based in Seoul, South Korea, signed a Letter of Intent for 25 commuter Alice aircraft with options for 25 more. Solyu is focused on supporting sustainable aviation by providing financing and leasing solutions…