RTX’s Engine Flaw Proves to Be a Boon to Short-Term Jet Rental Firms

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RTX’s Engine Flaw Proves to Be a Boon to Short-Term Jet Rental Firms
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Airlines are scrambling to find replacements for hundreds of single-aisle jetliners that will be sidelined by a recently discovered engine issue, providing a boon to companies that lease out aircraft and crews.

About 3,000 Pratt & Whitney geared turbofan engines powering the Airbus SE A320neo — the industry’s top-selling jet — must be removed and brought in to repair shops over the next three years to check for potentially flawed components made from contaminated metal powder, Pratt parent RTX Corp. said on Monday. The issue will ground hundreds of aircraft for months, depriving carriers of capacity amidst a post-pandemic rebound in air travel.

The company, whose customers include Deutsche Lufthansa AG and British Airways, is in talks with airlines about providing temporary capacity while their GTF engines are inspected in workshops, Avia founder Gediminas Ziemelis said in an interview.

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