Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Wizz Air picks Pratt & Whitney as engine supplier for existing Airbus order
    Finance

    Wizz Air picks Pratt & Whitney as engine supplier for existing Airbus order

    Wizz Air picks Pratt & Whitney as engine supplier for existing Airbus order

    Published by Global Banking and Finance Review

    Posted on June 17, 2025

    Featured image for article about Finance

    (Reuters) -European low-cost carrier Wizz Air said on Tuesday it has selected RTX's Pratt & Whitney as the engine supplier for 177 of its Airbus A321neo narrowbody jets on order.

    The announcement underscores Wizz Air's commitment to its existing engine partner even as issues with Pratt & Whitney's GTF engines have forced the airline and several others to ground multiple aircraft. It brings Wizz's total order for GTF-powered aircraft to 453.

    The low-cost carrier, which operates an all-Airbus fleet, had to pick between its current supplier Pratt & Whitney and competitor CFM, a joint venture between GE Aerospace and France's Safran SAF.PA>.

    A defect in the powder metal used to make high-pressure turbines and compressor discs has impacted certain Pratt & Whitney GTF engines, disrupting airlines globally, especially those flying Airbus A320neo-family jets.

    Reuters reported on Monday that Wizz's engine order would form part of a settlement with Pratt & Whitney over groundings caused by repair times.

    "Together with today's agreement, the airline has also secured a special support package to enhance operational stability during this period and mitigate the financial and operational impact of grounded aircraft," the engine maker said.

    Wizz CEO Jozsef Varadi had said at the Airline Economics conference in Dublin in January that issues with the engines of the airline's grounded aircraft could last four or five years.

    The carrier had 37 aircraft grounded as of May 9. It expects 34 aircraft to remain grounded by the end of the first half of its 2026 financial year.

    Pratt & Whitney will also provide Wizz with engine maintenance through a long-term service agreement, the companies said on Tuesday.

    (Reporting by Shivansh Tiwary and DhanushVignesh Babu in Bengaluru; Editing by Shilpi Majumdar)

    Related Posts
    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea
    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea
    EU Council backs digital euro with both online and offline functionality
    EU Council backs digital euro with both online and offline functionality
    IMF welcomes EU's 90 billion euro loan to Ukraine, more work to be done
    IMF welcomes EU's 90 billion euro loan to Ukraine, more work to be done
    Euro zone consumer confidence falls to -14.6 in December
    Euro zone consumer confidence falls to -14.6 in December
    Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion
    Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion
    Germany removes dividend ban for Uniper, paving way for IPO
    Germany removes dividend ban for Uniper, paving way for IPO
    Golden Goose gets new majority owner as China's HSG buys stake from Permira
    Golden Goose gets new majority owner as China's HSG buys stake from Permira
    Rubio says not concerned about escalation with Russia over Venezuela
    Rubio says not concerned about escalation with Russia over Venezuela
    ECB's Escriva expects monetary policy to remain steady
    ECB's Escriva expects monetary policy to remain steady
    French government to appeal court ruling on Shein
    French government to appeal court ruling on Shein
    Russian central bank governor Nabiullina speaks after rate cut
    Russian central bank governor Nabiullina speaks after rate cut
    Strategy and bitcoin-buying firms face wider exclusion from stock indexes
    Strategy and bitcoin-buying firms face wider exclusion from stock indexes

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Carnival Corp sees strong annual profit, resumes dividend as bookings rise

    Carnival Corp sees strong annual profit, resumes dividend as bookings rise

    London's FTSE 100 climbs as miners, defence outperform in data-heavy week

    London's FTSE 100 climbs as miners, defence outperform in data-heavy week

    Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros

    Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros

    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit

    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit

    German court jails man for drugging, raping wife, posting assaults online

    German court jails man for drugging, raping wife, posting assaults online

    UniCredit issues its first tokenised structured note

    UniCredit issues its first tokenised structured note

    UK competition watchdog to probe AB Foods' Hovis purchase

    UK competition watchdog to probe AB Foods' Hovis purchase

    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'

    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'

    Analysis-Spanish consumer credit hits near 18-year high on economic boom

    Analysis-Spanish consumer credit hits near 18-year high on economic boom

    NATO sees positive signs Czech ammunition scheme for Kyiv may continue

    NATO sees positive signs Czech ammunition scheme for Kyiv may continue

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    View All Finance Posts
    Previous Finance PostSwedish government plans to ease mortgage rules to help first-time buyers
    Next Finance PostInvestigation into Spain's April 28 blackout shows no evidence of cyberattack