[1/2] Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023.
Engines potentially affected by the metal powder issue will not be put through the entire overhaul cycle, which typically lasts four to five months, Hayes said.
Hayes acknowledged that news of the latest GTF problem was a "disappointment" but added that he expects the share price to recover.
According to data from CAPA - Centre for Aviation, Pratt & Whitney has retained a market share of about 45 percent since 2017.
The PW1100G is the GTF model affected by the powder metal problem.
Persons:
Pratt & Whitney, Benoit Tessier WASHINGTON, Greg Hayes, Hayes, Safran, RTX, Mike Stengel, Valerie Insinna, Marguerita Choy, Bill Berkrot, Jonathan Oatis
Organizations:
Pratt &, International Paris Air, Le, REUTERS, RTX, Airbus, Raytheon, Reuters, CFM International, General Electric, CAPA, Centre for Aviation, Thomson
Locations:
Le Bourget, Paris, France, Washington