Finance
Wizz Air CEO sees Pratt & Whitney engine woes lasting 4-5 years
Published by Global Banking & Finance Review®
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Wizz Air CEO predicts that issues with Pratt & Whitney engines will persist for 4-5 years, grounding some planes and impacting growth.
DUBLIN (Reuters) - Issues with Pratt & Whitney RTX engines that have grounded some Wizz Air planes could last four or five years, the low cost carrier's chief executive said on Monday.
"I think they are trying their best, but this is going to be a long process. At the beginning, we felt maybe 18 months, maybe two years. This is clear it's more like a four- to five-year issue," Jozsef Varad told the Airline Economics conference in Dublin.
Wizz Air said last month that it expects 40 of its planes to stay grounded through fiscal year 2026. The head of fellow Eastern European carrier AirBaltic said the Pratt & Whitney issues were hampering its growth prospects.
(Reporting by Joanna Plucinska, writing by Padraic Halpin; editing by Jason Neely)
The main topic is the prolonged issues with Pratt & Whitney engines affecting Wizz Air and other airlines.
The Wizz Air CEO predicts the issues will last 4-5 years.
Wizz Air and AirBaltic are among the airlines affected by Pratt & Whitney engine problems.
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