Pratt & Whitney's PW1100G issues impact Airbus A320neo operations

Data indicates that as of now, there are about 629 GTF-powered A320neo family aircraft stored or under maintenance out of a total fleet size of over a thousand active planes. Some previously operated by Go First are also among those grounded.

The recovery outlook varies across airlines. While some carriers like Air New Zealand and Spirit Airlines plan to reduce flights due to these issues, others like Austrian Airlines and Turkish Airlines are similarly affected by the ongoing engine problems.

József Váradi, CEO of Wizz Air, commented on November 7: “As we look ahead...we will gradually return to growth from next year.” Wizz Air expects fewer groundings than initially forecasted due to quicker engine replacements.

RTX's initial report described the issue as a rare condition related to powder metal used in manufacturing certain engine parts. Christopher Calio, president and CEO of RTX stated: “The associated fallout rate remains below the expectation,” indicating progress in addressing the problem.

Neil Mitchill, CFO of RTX mentioned that up to $1 billion in credits might be paid out by the end of 2024 for grounded aircraft as compensation to customers.