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☆ Unruly passengers have become more common, and many fliers are getting sick of it. On this flight, they cheered and chanted as a pair was escorted off after forcing a diversion.
▼ + stars: | 2024-05-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Police escorted two disruptive passengers off an easyJet flight amid cheers and applause. The celebrations highlight how unruly passengers have been more common since the pandemic. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementPassengers on an EasyJet flight cheered, clapped, and chanted as police escorted two disruptive fellow fliers off the plane. The flight landed in Egypt after midnight, more than two hours after it was scheduled.

Persons: —, clapped, Airbus A320neo, easyJet Organizations: Service, Scottish, Daily, Airbus, Business, Federal Aviation Administration Locations: Glasgow, Hurghada, Egypt, Heraklion, Crete, British

☆ Airbus and Boeing's problems spell bad news for the cost of your summer vacation
▼ + stars: | 2024-04-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

IATA predicted this year will beat the pre-pandemic record for air travel. But both Boeing and Airbus jets are having problems that are reducing capacity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In December 2023, the International Air Travel Association predicted 2024 would break records for the most air passengers ever. But airlines are warning they'll have fewer seats available than they initially thought, as both Boeing and Airbus are dealing with problems.

Persons: —, Martha Neubauer, Dave Calhoun, Boeing's, Willie Walsh Organizations: Boeing, Airbus, Service, International Air Travel Association, Reuters, Airlines, Max, Ryanair, Alaska Airlines, Federal Aviation Administration, Pratt & Whitney, London Starbucks Locations: London

☆ An Airbus A320neo in service under a year lost part of its tail after it wasn't parked properly and collided with a jet bridge
▼ + stars: | 2024-04-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Pictures on social media show an Austrian Airlines jet lost its right horizontal stabilizer. A local aviation news site reported the ground crew didn't park the jet properly and it rolled away. Austrian Airlines A320-271N substantially damaged on the ground at Vienna Airport after reportedly colliding with a jet bridge. After the plane arrived at Vienna Airport on Saturday night, it was towed to a parking position. But a member of the ground crew forgot to place the wheel chocks and may not have activated the parking brake, the report said.

Persons: —, it's Organizations: Austrian Airlines, Airbus, Service, Vienna Airport, Breaking Aviation, Business, Austrian Wings

☆ Dave Calhoun was supposed to turn Boeing around, but after 4 years on the job, he's out. Here's where things went wrong.
▼ + stars: | 2024-03-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +8 min

It makes him the second successive chief to go after a 737 Max crisis. AdvertisementOn Monday morning, Dave Calhoun became the second successive Boeing CEO to lose his job in the wake of a 737 Max crisis. Muilenburg was terminated as the planemaker fought for its reputation after 346 people died in two 737 Max 8 crashes in 2018 and 2019. After the longest-ever grounding for a US airliner, the 737 Max was ungrounded 10 months into Calhoun's reign. Win McNamee/Getty ImagesMost people's concerns about the 737 Max looked to have been assuaged, until the Alaska Airlines blowout on January 5.

Persons: Dave Calhoun, —, Stan Deal, Calhoun, Boeing's, Dennis Muilenburg, Muilenburg, Max, Dennis, Win McNamee, Bob Clifford, Timothy Hubbard, Hubbard, Clifford, DAVID RYDER, Critics, Justin Green, Green Organizations: Boeing, Service, Airbus, Federal Aviation Administration, MCAS, Alaska Airlines, National Transportation Safety, Justice, FBI, Ethiopian, Alaska Air, United Airlines, Boeing's, Street Journal, The, Current, Business, University of Notre Dame, CNBC Locations: MCAS, Southwest , Alaska, Calhoun, Virginia, Seattle, Boeing's, Renton , Washington

☆ Airline tickets could get more expensive amid the Boeing 737 Max fallout
▼ + stars: | 2024-03-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Executives from several US carriers have expressed doubt about the Boeing 737 Max delivery schedule. Southwest expects 42% fewer jets this year, while United told Boeing to stop making the Max 10. AdvertisementCustomers may soon feel the impact of the Boeing 737 Max blowout as airlines face uncertainty about their future fleets. The airline also said it doesn't expect to receive any of the yet-to-be-certified Max 7s this year and removed them from its 2024 plan. Airlines may look to Airbus to grow their fleetsThe Airbus A320neo competes with the Boeing 737 Max.

Persons: —, Max, Scott Kirby, Ed Bastian, Bastian, Richard Aboulafia, Michael O'Leary, Henry Harteveldt, Harteveldt, Kirby Organizations: Boeing, Max, Southwest, United, Service, Alaska Airlines, Delta Air Lines, Southwest Airlines, United Airlines, Bloomberg, JPMorgan, Delta Air, Ryanair, Airbus —, Airbus, Frontier Airlines, Spirit Airlines, Reuters Locations: Alaska, Delta

☆ Meet the heavy metal-drumming CEO bringing back cheap transatlantic travel, and learning from the mistakes of his airline's failed predecessors
▼ + stars: | 2024-03-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +8 min

Birgir Jónsson is the CEO of Play, an Icelandic airline offering cheap transatlantic flights. Jónsson told BI how Play keeps costs low, and how important volcanoes are to Icelandic tourism. From 2014 to 2015, he was the deputy CEO of Wow Air, an Icelandic ultra-low-cost carrier that went bankrupt in 2019. AdvertisementHis foray into the sector began as CEO of Iceland Express, which was acquired by Wow. While other airlines had to avoid the country's airspace — lengthening journey times — Play got planes at discount prices.

Persons: —, Jónsson, Icelandair, it's, York's, New Orleans —, Etienne De Malglaive, Los Angeles —, They're Organizations: Jónsson, Service, Wow, Iceland Express, Icelandic Post, Southwest, Ryanair, York's Stewart, Airbus, North, British Airways Flight, Nasdaq, Russia Locations: Icelandic, Europe, New York, London, Reykjavík, Romanian, Manhattan, Iceland, New Orleans, Eyjafjallajökull, India, Los Angeles, California, Dubai, Russia

☆ British Airways is spending $9 billion to help make it the world's favorite airline once again after years of slumping popularity
▼ + stars: | 2024-03-05 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +4 min

Read previewBritish Airways unveiled a host of new initiatives at a media event in London on Monday, as part of a $9 billion "transformation." The UK flag carrier was named the world's best airline by Skytrax in 2006, but its reputation has since faltered. With a new seat design, new routes, and upgrades to the Airbus A380, here's how BA is changing. British Airways is rolling out the new seat design to its Airbus A320neo and A321neo jets, used on its short-haul flights. The business-class configuration on BA's new short-haul seats.

Persons: —, Sean Doyle, Pete Syme, it's, There's, that's, Neil Chernoff, Francisco —, Chernoff Organizations: Service, British Airways, Skytrax, Business, Airbus, Delta Air Lines, Boeing, Washington Dulles, Dubai Airport, Beta Locations: London, Dallas , Los Angeles, Miami, Dubai, Johannesburg, South Africa, Boston, Washington, Singapore, London Heathrow, Malaysian, Kuala Lumpur, London Gatwick, Bangkok

☆ Air India is rebranding after years of decline. Here are the biggest changes, from updated uniforms to swanky new Airbus A350s.
▼ + stars: | 2024-02-28 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

The new plane launched on domestic routes, like Bengaluru and Mumbai, in January and will eventually launch overseas, Air India says. It's very likely to fly to the US, though Air India has yet to release specific cities. Air India's business class is also way behind industry standards. Flight attendants and pilots are getting a makeoverIn December, Air India released photos of its new crew uniforms. Ground staff, engineers, and security personnel are also set to get new uniforms, which Air India said it will reveal in "due course."

Persons: —, Campbell Wilson, Taylor Rains, It's, Wilson, Christophe Archambault, Manish Malhotra Organizations: Service, Air India, Tata Group, Air, Business, Tata, Airbus, Boeing, Wings, Paris Airshow, Airbus A320neos, Russian, Aeroflot, India's Boeing, Qatar Airways, Delta Air Lines, Emirates, Q, Getty Images Air, Air India's Boeing Locations: India, Hyderabad, Bengaluru, Mumbai, Air India, AFP, Getty Images Air India, Qatar, Emirates

☆ Boeing isn't bringing any passenger jets to the Singapore Airshow as China's first airliner makes its international debut
▼ + stars: | 2024-02-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Unlike last time round, Boeing isn't bringing any passenger jets to the Singapore Airshow in 2024. Boeing's problems with the 737 Max blowout could help the C919 compete with the big players. AdvertisementBoeing isn't bringing any commercial passenger jets to this year's Singapore Airshow, which starts Tuesday, amid the fallout from the Alaska Airlines blowout. Comac's C919, a narrowbody jet that could eventually compete with the Boeing 737 Max and Airbus A320neo, staged a flyby on Sunday, according to Reuters. Boeing has faced significant criticism and scrutiny since an Alaska Airlines 737 Max 9 lost part of its fuselage in midair last month.

Persons: China's, —, Max, Chris Olin, Olin, Scott Kirby Organizations: Boeing, Singapore Airshow, Service, Alaska Airlines, Airbus, Max, Reuters, CNBC, National Transportation Safety Locations: Singapore

☆ Spirit's CEO says the airline has a plan to become profitable again
▼ + stars: | 2024-02-09 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

Read previewSpirit Airlines is still battling to keep its merger plans with Jet Blue alive, but in the meantime its CEO says it has a path to financial stability. AdvertisementSimilarly the annual net loss of $447 million was lower than the $554 million loss for 2022. Spirit's merger with JetBlue was blocked by a federal judge last month on the grounds that it would harm consumers. Spirit plans to sell 25 aircraft and lease them back in a move that generated $419 million, per its results. Spirit did not immediately respond to a request for comment from Business Insider made outside normal working hours.

Persons: —, Ted Christie, Christie Organizations: Service, Jet, Bloomberg, Business, JetBlue, Airbus, Pratt & Whitney, CNBC

☆ 2 ex-Boeing staffers said they wouldn't fly on the 737 Max, citing pressure to 'rush the planes out the door'
▼ + stars: | 2024-01-31 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Two former Boeing employees told the LA Times they wouldn't recommend flying on a 737 Max. "I saw the pressure employees were under to rush the planes out the door," a former senior manager said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwo former Boeing staffers told the Los Angeles Times they wouldn't fly on a 737 Max jet due to concerns over its safety. "I would absolutely not fly a Max airplane," Ed Pierson, a former senior manager at Boeing, told the Times.

Persons: —, Ed Pierson, I've, Max, Joe Jacobsen, Jacobsen, Pierson, it's Organizations: Boeing, LA Times, Service, Los Angeles Times, Times, Alaska Airlines, Street Journal, New York Times, Airbus, Paris Air, Federal Aviation Administration, Business

☆ 5 reasons why Airbus went from struggling outsider to beating Boeing
▼ + stars: | 2024-01-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +7 min

The A320's revolutionary fly-by-wire design and the Boeing 737 Max groundings help boost Airbus. In the 2014 documentary "Airbus vs Boeing: The Jumbo Jet Race" he said he was nearly fired for doing so. AdvertisementThe A320 went on to become the world's second-best-selling airliner, behind the Boeing 737. 737 Max groundingsSouthwest Airlines' grounded Boeing 737 Max jets in 2019. As Boeing and its 737 Max face more scrutiny following the Alaska Airlines blowout, Airbus seems likely to keep flying high.

Persons: Max groundings, —, Wright, Bernard Lathière's, Istvan Bajzat, Bernard Lathière, Lathière, Prince Charles, Princess Diana, Lionel Cironneau, Princess Diana —, Clinton, PAUL RICHARDS, Bill Clinton, ERIC CABANIS, Max —, Max, Mario Tama Organizations: Airbus, Boeing, Eastern Air Lines, Service, Getty, Lines, Washington Post, AP, Lionel Cironneau Airbus, Concorde, World Trade Organization, Union, Reuters, WTO, Getty Images Airbus, Show, Airlines, Max, Lion Air, Ethiopian Airlines, Paris Air, Alaska Airlines Locations: Europe, Toulouse, France, Boeing's, Germany, Spain, AFP, American

☆ Boeing's quality control process and company culture are being heavily scrutinized after the 737 Max Flight 1282 blowout
▼ + stars: | 2024-01-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +9 min

Read previewAn Alaska Airlines Boeing 737 Max 9 had 177 people on board on January 5 when part of the fuselage was blown off. After the Federal Aviation Administration grounded all 737 Max 9 planes with door plugs, United Airlines and Alaska Airlines discovered loose hardware on several. Why the 737 Max was grounded in 2019Competition between Airbus and Boeing played a role in the twin 737 Max crashes that killed almost 350 people in 2018 and 2019. The Alaska Airlines blowout will likely renew scrutiny of Boeing's deal with the department, which demanded new compliance procedures. A Boeing 737 Max 10 at the Paris Air Show.

Persons: —, Max, It's, Michael O'Leary, Tim Clark, Dennis, Win McNamee, Bob Clifford, people's, could've, Clifford, David P, Burns, AeroSystems, McDonnell Douglas, MBAs, Harry Stonecipher, Stonecipher, PIERRE VERDY, Dave Calhoun, who's Organizations: Service, Alaska Airlines Boeing, Max, Portland International, Business, Federal Aviation Administration, United Airlines, Alaska Airlines, FAA, Boeing, National Transportation Safety, NTSB, Reuters, Airbus, Ryanair, Financial, Emirates, Bloomberg, New York Times, Lion Air, Ethiopian Airlines, Ethiopian, Pilots, MCAS, The Justice Department, McDonnell, Seattle Times, Paris Air, Getty, CNBC Locations: Kansas, Alaska

☆ Spirit Airlines offers buyouts to salaried employees to cut costs
▼ + stars: | 2023-11-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Spirit Airlines is offering voluntary exit packages to salaried employees, the budget carrier's latest cost-cutting measure as it expects financial strains to continue next year. "Now, we're taking the next difficult step – enacting an Early Voluntary Out program for salaried Team Members," Christie wrote in the memo. The company had a similar plan during the height of Covid pandemic. "Based on the success of that plan, we're implementing a similar set of opportunities to help us right-size our organization for our current fleet and business constraints." The Wall Street Journal reported the Spirit Airlines buyouts earlier Wednesday

Persons: Ted Christie, Christie Organizations: Airlines, Airbus, Pratt, Whitney, CNBC, Denver, Team, JetBlue Airways, Justice Department, Street Journal, Spirit Airlines Locations: Boston

☆ Leasing giant SMBC places order for 60 Airbus A320neo planes
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

The logo of Airbus is seen at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsDUBLIN, Nov 21 (Reuters) - SMBC Aviation Capital placed an order for 60 Airbus (AIR.PA) A320neo family aircraft, the world's second largest aircraft leasing firm said on Tuesday, without disclosing the financial details of the deal. Nikkei Asia, which first reported the deal, said it was thought to be worth around $3.4 billion, based on the A320neo's market price. Boeing won new orders for 196 aircraft while Airbus agreed deals for 55 jets amid soaring demand for wide-body planes. "This transaction is further testament of sustained global demand for technologically advanced, fuel-efficient aircraft, and comes amidst the continuing strong recovery in air travel worldwide," SMBC CEO Peter Barrett said in a statement.

Persons: Sarah Meyssonnier, Peter Barrett, Padraic Halpin, Kirsten Donovan Organizations: Airbus, REUTERS, Rights, SMBC Aviation Capital, Nikkei, Boeing, Dubai Airshow, Japan's Sumitomo Corp, Sumitomo Mitsui Financial Group, Thomson Locations: Paris, Villepinte, France, Nikkei Asia

Visitors stand in front of the plane Boeing 777X during the Dubai Airshow, in Dubai, United Arab Emirates, November 14, 2021. Emirates is the world's largest user of wide-body jets, including Airbus A380 superjumbos and current-generation Boeing 777s. Turkish Airlines (THY) (THYAO.IS) burst onto the show's agenda on Saturday with word from state-run Anadolu news agency that it was in talks to buy up to 355 Airbus jets. Following more talks, industry sources said the airline could announce at least part of the deal on Monday. However, speculation of a large Dubai order for narrowbody jets from the region's newest player, Saudi Arabia's Riyadh Air, as early as Dubai is premature, other sources said.

Persons: Rula, flyDubai, jockeying, ForwardKeys, there's, Daniel Silke, Tim Hepher, Alexander Cornwell, Pesha, Hugh Lawson, Lisa Shumaker Organizations: Boeing, Dubai Airshow, United Arab Emirates, REUTERS, Rights, Turkish Airlines, Hosts Emirates, Emirates, Airbus, Industry, Anadolu, Aviation, Dubai, Cape, Consultancy, rearm, Russia, Thomson Locations: Dubai, United Arab, Rights DUBAI, Emirates, Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine

The logo of IndiGo Airlines is pictured on passenger aircraft on the tarmac in Colomiers near Toulouse, France, July 10, 2018. REUTERS/Regis Duvignau//File Photo Acquire Licensing RightsBENGALURU, Nov 3 (Reuters) - India's biggest airline IndiGo said on Friday it would lease new planes and extend agreements on some older ones to offset the disruption from new problems with Pratt & Whitney engines. IndiGo has retained 14 of its older Airbus A320ceo, extended leases on 36 other aircraft, and is taking 11 additional aircraft on lease starting November. The company is in talks with Pratt & Whitney for compensation over engine issues and expected payments to be staggered, he said. Close to 40 IndiGo planes are currently grounded due to older issues with Pratt & Whitney engines and the airline is yet to ascertain the number of groundings from the new problems.

Persons: Regis Duvignau, Pratt & Whitney, IndiGo, Pieter Elbers, Gaurav Negi, Negi, Aditi Shah, Nandan, Shounak Dasgupta, Mark Potter Organizations: IndiGo Airlines, REUTERS, Rights, India's, IndiGo, Pratt & Whitney, Pratt &, Airbus, Thomson Locations: Colomiers, Toulouse, France, India, New Delhi, Bengaluru

☆ Spirit Airlines suspends training for new pilots after difficult quarter, Pratt engine issue
▼ + stars: | 2023-10-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

"With these recent developments, however, we will also be suspending all new-hire training efforts starting in November, until further notice." The carrier said it expects 13 grounded planes in January, rising to 41 in December of next year. The airline had a fleet of 202 Airbus planes as of Sept. 30, according to a filing. The budget airline Spirit on Thursday posted a net loss of $157.6 million, which was more than four times its loss a year ago. "And, unfortunately, we have not seen the anticipated return to a normal demand and pricing environment for the peak holiday periods."

Persons: Greg Christopher, Christopher, RTX, Ted Christie Organizations: Airbus, CNBC, Pratt, Whitney Locations: Miramar , Florida

☆ UK's easyJet agrees deal with Airbus to expand fleet beyond 2028
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

An easyJet Airbus A320neo aircraft is parked on the tarmac of Adolfo Suarez Madrid-Barajas Airport, in Madrid, Spain, June 22 2022. REUTERS/Isabel Infantes/File photo Acquire Licensing RightsLONDON, Oct 12 (Reuters) - British airline easyJet (EZJ.L) said on Thursday it had reached a proposed deal with Airbus to expand its fleet by up to 257 additional aircraft, plotting its growth beyond 2028, with bigger and more fuel efficient planes. EasyJet announced the order after forecasting annual profit of 440 million to 460 million pounds ($542-$567 million), and said it would restart its dividend, signalling that its recovery from the pandemic was now in full flow. The airline said the terms of the deal with Airbus were attractive and it gave the airline certainty of aircraft supply. EasyJet, which only flies Airbus planes, said it considered Boeing as part of a competitive process.

Persons: Adolfo Suarez, Isabel Infantes, EasyJet, Johan Lundgren, Bernstein, Alex Irving, Irving, Stelios Haji, Ioannou, Sarah Young, Paul Sandle Organizations: Airbus, Adolfo Suarez Madrid, Barajas Airport, REUTERS, Europe's, Ryanair, British Airways, Boeing, Thomson Locations: Madrid, Spain

☆ Jet engine maker CFM says suspect parts reached its own repair shops
▼ + stars: | 2023-10-05 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

"CFM is reviewing the documentation turned over by AOG Technics as part of our effort to determine the full extent of their sale of parts with fraudulent documentation," CFM said. AOG Technics could not be reached for comment. The CFM56 is the most sold jet engine in history and was developed by a transatlantic venture that turns 50 next year. The findings cover thousands of parts for the CFM56 engine as well as hundreds of parts for GE's CF6 engines, used mainly on commercial freighters. CFM56 engines entered service in 1982 and power the previous generation of Boeing (BA.N) 737s and about half the previous generation of Airbus (AIR.PA) A320s.

Persons: Philippe Wojazer, France's Safran, AOG Technics, Jose Zamora Yrala, CFM's, Tim Hepher, Bill Berkrot, Deepa Babington Organizations: REUTERS, Rights, Jet, CFM, GE Aerospace, AOG, CFM Materials, Boeing, Airbus, Thomson Locations: Reau, Paris, France, London

☆ Jet engine maker CFM says suspect parts found in its own repair shops
▼ + stars: | 2023-10-04 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

"CFM is reviewing the documentation turned over by AOG Technics as part of our effort to determine the full extent of their sale of parts with fraudulent documentation," CFM said. AOG Technics could not be reached for comment. CFM56 engines are repaired through third-party networks or at maintenance, repair and overhaul (MRO) facilities operated by CFM itself. The company said it had found four cases where parts from AOG entered its own facilities, impacting 16 engines. CFM said its more recent LEAP engine, used on the Boeing 737 MAX and some Airbus A320neo jets, was not affected.

Persons: Benoit Tessier, France's Safran, AOG Technics, Jose Zamora Yrala, CFM's, AOG, Tim Hepher, Chris Reese, Bill Berkrot Organizations: GE Aerospace, International Paris Air, Le, REUTERS, Rights, Jet, CFM, AOG, CFM Materials, Boeing, Airbus, Thomson Locations: Le Bourget, Paris, France, AOG

☆ Airlines, suppliers set to take a hit from RTX's jet engine issues
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

A Raytheon Technologies (RTX) logo is pictured during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsSept 12 (Reuters) - Airlines and aerospace suppliers are expected to take a hit after RTX Corp (RTX.N) said on Monday 600-700 engines on Airbus A320neo jets need to be inspected for quality issues, which could ground hundreds of aircraft through 2026. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the Pratt & Whitney Geared Turbofan (GTF) engine's core. The presence of those contaminants could lead to cracks in the engine. The following airlines and aerospace suppliers expect to be affected:($1 = 0.8015 pounds)($1 = 0.9317 euros)Compiled by Pratyush Thakur in Bengaluru; Edited by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, RTX, Pratyush Thakur, Shounak Dasgupta Organizations: Raytheon Technologies, Paris, REUTERS, Airlines, RTX Corp, Airbus, Pratt & Whitney, Thomson Locations: Le Bourget, Paris, France, Bengaluru

RTX said on Monday it would have to pull 600 to 700 of its Pratt & Whitney Geared Turbofan (GTF) engines from Airbus A320neo jets for quality inspections over the next three years. The engine issue was first disclosed in July, but RTX made the extent of the problem clearer on Monday. The announcement caused waves up and down the industry, from component manufacturers like Japan's Kawasaki Heavy Industries to airline carriers like Germany's Lufthansa that rely on the popular Airbus jets. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the GTF engine's core. RTX is one of two manufacturers of engines for the popular narrowbody Airbus A320neo, the other being CFM International, a joint venture between GE (GE.N) and Safran (SAF.PA).

Persons: Benoit Tessier, RTX, Guillaume Faury, Ken Herbert, Japan's IHI, Safran, Valerie Insinna, Rajesh Kumar Singh, Abhijith, Aniruddha Ghosh, Mehr Bedi, David Gaffen, Arun Koyyur Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, Airbus, Pratt & Whitney, Washington D.C, Japan's Kawasaki Heavy Industries, Lufthansa, Raytheon, United Technologies, Capital, AIRLINES, HIT Aerospace, London, Melrose Industries, Kawasaki Heavy Industries, Aero, Air New Zealand, Singapore Airlines, Wizz, Airbus A320neo, CFM International, GE, Thomson Locations: Le Bourget, Paris, France, Washington, RTX, New Delhi, Bengaluru

☆ Air New Zealand sees 'significant' hit to flight schedule from RTX engine issue
▼ + stars: | 2023-09-11 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

REUTERS/Loren Elliott(Reuters) -Air New Zealand on Tuesday warned that inspections of RTX’s Pratt & Whitney engines would have a “significant” impact on its flight schedule from next year. “This issue will further reduce engine availability and is expected to have a significant impact on the airline’s schedule from January 2024,” Air New Zealand said in a statement. Air New Zealand has 16 A320neo jets in its fleet of 106 aircraft, servicing Australia and the Pacific Island markets and, to a much lesser extent, the domestic market. Major customers that took delivery of affected A320neo jets include Spirit Airlines, JetBlue Airways, Hawaiian Airlines and Wizz Air, according to aviation data provider Cirium. Hungary’s Wizz Air, one of Europe’s largest lost-cost airlines, on Monday said its capacity could be reduced by 10% in the second half of 2024 as a result.

Persons: Loren Elliott, RTX’s Pratt, Greg Hayes Organizations: Air, Sydney Airport, REUTERS, Reuters, Zealand, Whitney, Airbus, ” Air, Air New, Pacific, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Wizz Locations: Zealand, Sydney, Australia, Air New Zealand

Visitor passes the Raytheon Technologies Corporation (RTX) logo at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. In July, RTX said a rare powder metal defect could lead to the cracking of some engine components and called for accelerated inspections affecting 200 engines by mid-September. Repair work that CEO Greg Hayes had initially expected would take 60 days is now projected to last up to 300 days per engine. An average of 350 jets could be grounded per year through 2026, with as many as 650 jets sitting idle in the first half of 2024. Disclosing higher-than-expected gross costs of $6-7 billion for dealing with the problem, RTX said it expected an up to $3.5 billion pre-tax hit to profits over the next several years.

Persons: Benoit Tessier, Pratt & Whitney, RTX, Greg Hayes, Safran, Hayes, Germany's, Robert Stallard, Valerie Insinna, Abhijith, Tim Hepher, Arun Koyyur, Nick Zieminski, Grant McCool Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Pratt &, RTX Corp, Airbus, Pratt, Raytheon, GE, CFM, Boeing, Aero, Germany's Lufthansa, AIRBUS, U.S, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Jefferies, Vertical Research Partners, Thomson Locations: Le Bourget, Paris, France, Clayville , New York, Washington, Bengaluru

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