Stock Market News

No Singapore Airlines group A320neos with Pratt engines grounded – exec

2023.05.17 01:09


© Reuters. FILE PHOTO: A flight crew passes a Singapore Airlines logo at Singapore’s Changi Airport January 5, 2016. REUTERS/Edgar Su

SINGAPORE (Reuters) – None of the Airbus A320neo planes in the Singapore Airlines (OTC:) group with Pratt & Whitney engines are currently grounded over a lack of spares, Leslie Thng, CEO of Scoot, the airline’s low-cost subsidiary, said on Wednesday.

The engines have been under scrutiny since Go Airlines (India) Ltd filed for bankruptcy protection this month, blaming “faulty” Pratt engines for the grounding of about half its 54 Airbus A320neos.

Pratt, part of Raytheon Technologies (NYSE:) says the claims are without evidence and divert attention from the airline’s financial woes.

Scoot has 15 A320neo family planes in its fleet, while premium brand Singapore Airlines instead operates the rival Boeing (NYSE:) Co 737 family.

“We are expecting to take more deliveries in coming years,” Thng said of the Airbus narrowbody planes.

His comments were in response to questions at a post-results briefing with analysts and media after Singapore Airlines reported on Tuesday its first annual profit in four years and said the current year was off to a strong start.

India’s IndiGo, Germany’s Lufthansa and Air New Zealand have said some of their aircraft have been grounded over issues with Pratt GTF engines at a time when spares are in short supply.

Prior to the Go Airlines bankruptcy, about 12% of the A320neo family planes globally with Pratt GTF engines were inactive, compared to just 4% for those with rival engines made by CFM International, aviation consultancy IBA said this month.

Raytheon (NYSE:) CEO Greg Hayes said in February that the GTF engines’ reliability has not been up to expectations and that the company was working to fix problems.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 81,934.95 3.08%
ethereum
Ethereum (ETH) $ 1,890.78 3.02%
tether
Tether (USDT) $ 0.999933 0.02%
xrp
XRP (XRP) $ 2.25 5.11%
bnb
BNB (BNB) $ 634.21 1.07%
solana
Solana (SOL) $ 124.21 4.31%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.692935 4.63%
dogecoin
Dogecoin (DOGE) $ 0.165385 5.86%
tron
TRON (TRX) $ 0.228161 3.76%
staked-ether
Lido Staked Ether (STETH) $ 1,888.93 2.93%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 81,687.89 3.16%
the-open-network
Toncoin (TON) $ 3.63 3.86%
leo-token
LEO Token (LEO) $ 9.73 0.73%
chainlink
Chainlink (LINK) $ 13.58 3.99%
usds
USDS (USDS) $ 0.999912 0.02%
stellar
Stellar (XLM) $ 0.269204 2.65%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,259.84 3.14%
pi-network
Pi Network (PI) $ 1.13 15.62%
hedera-hashgraph
Hedera (HBAR) $ 0.184846 4.91%
avalanche-2
Avalanche (AVAX) $ 18.46 2.80%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 5.78%
sui
Sui (SUI) $ 2.26 4.65%
mantra-dao
MANTRA (OM) $ 6.92 0.74%
litecoin
Litecoin (LTC) $ 88.22 5.97%
bitcoin-cash
Bitcoin Cash (BCH) $ 331.48 3.02%
polkadot
Polkadot (DOT) $ 4.33 2.14%
bitget-token
Bitget Token (BGB) $ 4.57 2.99%
ethena-usde
Ethena USDe (USDE) $ 0.999477 0.04%
weth
WETH (WETH) $ 1,890.63 3.01%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.03%
hyperliquid
Hyperliquid (HYPE) $ 13.42 1.32%
whitebit
WhiteBIT Coin (WBT) $ 28.20 1.09%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,008.36 2.99%
monero
Monero (XMR) $ 206.16 2.59%
uniswap
Uniswap (UNI) $ 6.17 3.14%
susds
sUSDS (SUSDS) $ 1.05 0.12%
dai
Dai (DAI) $ 0.99977 0.04%
aptos
Aptos (APT) $ 5.26 2.98%
okb
OKB (OKB) $ 50.46 0.18%
near
NEAR Protocol (NEAR) $ 2.53 5.68%
pepe
Pepe (PEPE) $ 0.000007 9.34%
mantle
Mantle (MNT) $ 0.805774 2.57%
internet-computer
Internet Computer (ICP) $ 5.67 5.61%
gatechain-token
Gate (GT) $ 21.59 1.77%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.90 0.13%
ethereum-classic
Ethereum Classic (ETC) $ 17.36 3.79%
ondo-finance
Ondo (ONDO) $ 0.81622 7.41%
aave
Aave (AAVE) $ 167.27 5.12%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 81,852.93 3.16%