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General Electric set to gain from Pratt & Whitney’s engine market struggles

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General Electric set to gain from Pratt & Whitney’s engine market struggles
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The engine manufacturing industry, dominated by three major players, is currently witnessing a shift in dynamics due to challenges faced by Pratt & Whitney. GE Aerospace holds a significant 55% market share through its joint venture, CFM International. Rolls-Royce Holdings, once more prominent, now controls 18% of the market.

Pratt & Whitney's ambitious PW1000G engine program has encountered setbacks since its launch in 2007. The geared turbofan design aimed to enhance fuel efficiency but faced development challenges. Recent issues with contaminated powdered metal have led to recalls and financial strain for the company. Airlines like Spirit Airlines and Wizz Air have been affected, with Spirit receiving a settlement of $150-$200 million.

The situation raises questions about the impact on the industry and whether competitors can capitalize on Pratt & Whitney's struggles. General Electric and Rolls-Royce are positioned differently in this scenario. CFM International's LEAP engine emerges as a key competitor with its reputation for reliability.

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Airlines must weigh past issues when considering new orders for aircraft powered by PW1000G engines. While some airlines have opted for the PW1000 over alternatives like the LEAP engine, others face limited choices with models like Airbus A220 and Embraer E-Jet E2 relying solely on PW1000 powerplants.

General Electric appears poised to benefit most from Pratt & Whitney's difficulties through increased sales of its LEAP engines. Rolls-Royce lacks competing options against the PW1000 family, potentially limiting its ability to capitalize on these troubles.

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