Airlines across the world are expecting a significant impact on their operations next year from the latest service guidelines for Pratt & Whitney Geared Turbofan (GTF). P&W-parent RTX said on Monday in a trading update that 600-700 engines require incremental inspections…
UPDATE – Not 1.000, but another 600 and 700. That is the number of incremental shop visits that Pratt & Whitney-parent RTX is guiding for inspections and repairs of Geared Turbofan (GTF) engines that are affected by the powder metal…
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…
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…
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…
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…