Factbox-Airlines, suppliers set to take a hit from RTX's jet engine issues - REUTERS
SEPTEMBER 13, 2023
(Reuters) - Airlines and aerospace suppliers are expected to take a hit after RTX Corp 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:
Air New Zealand The company said the issue would further
reduce engine availability and have a
“significant” impact on its flight
schedule from January 2024. The airline
has 16 A320neo jets in its fleet.
Singapore The inspections would affect four of the
Airlines’ Scoot engines that power Scoot’s A320neo fleet
and could force it to adjust some of its
Wizz Air The Hungarian carrier estimated a
potential 10% capacity reduction in the
second half of fiscal 2024.
IHI Corp The Japanese firm expects an earnings
hit from the lengthy inspections.
Kawasaki Heavy The component manufacturer expects an