Further to the information provided on 3rd August 2023, Wizz Air Holdings Plc ("Wizz Air" or "the Company") today provides an update on the impact of the Pratt & Whitney GTF engine inspections following a market update by RTX Corporation ("RTX") on 11 September 2023.
Wizz Air was informed by RTX that its Pratt & Whitney GTF engines will be subject to inspection intervals, resulting in engines being removed for shop visits during the remainder of 2023 and into 2024 that will likely cause some of its aircraft being grounded in this period. Wizz Air is currently assessing the implications to understand the extent of the impact on its fleet with initial estimates indicating a potential capacity reduction of 10 percent for F24 H2.
Wizz Air will continue to work with Pratt & Whitney to minimize the impact to its fleet plan and costs to the business. The Company continues to take proactive action to mitigate any financial and operational impact and will be seeking financial compensation from Pratt & Whitney. The Company will provide a more detailed update in due course.