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JetBlue CFO Predicts Peak AOG Due to GTF Engine Issues

JetBlue (US) is bracing for a peak in aircraft on ground (AOG) levels within the next one to two years as it continues to deal with the Pratt & Whitney GTF engine issues affecting its fleet. CFO Ursula Hurley has stated that the airline expects the number of grounded aircraft to rise into the mid-to-high teens in 2025, further stressing JetBlue’s operational and financial outlook.

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HK Express Faces Continued A320neo Groundings in 2025

HK Express (Hong Kong) anticipates that ongoing issues with its Pratt & Whitney (P&W)-powered A320neo fleetwill continue to impact operations through 2025. The airline reported that in 2024, an average of 5.6 A320neos were grounded at any given time due to issues with the P&W GTF engines.

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airBaltic and SUA Lineas Aereas Partner on A220-300 Wet Lease

airBaltic (Latvia) has entered a strategic partnership with SUA Lineas Aereas (Uruguay), expanding its leasing operations into South America. As part of the agreement, airBaltic plans to wet lease up to five Airbus A220-300 aircraft to SUA starting October 2025, marking an important step in its ACMI (Aircraft, Crew, Maintenance, and Insurance) leasing strategy.

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Pratt & Whitney Reports 18% Increase in 4Q 2024 Sales

Pratt & Whitney (US) has reported a strong fourth quarter (4Q) 2024 performance, with sales increasing by 18% to $7.5 billion and operating profit rising 32% to $504 million. The results reflect higher demand for commercial and military engines, as well as robust aftermarket services growth.

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Pratt & Whitney to Open European Innovation Center in Netherlands

Pratt & Whitney, a leading aerospace manufacturer based in the United States, has announced plans to establish a European Technology and Innovation Center in the Netherlands. The center is dedicated to developing cutting-edge technologies aimed at advancing energy efficiency and sustainable aviation.