Central European budget carrier Wizz Air is holding crucial discussions on contingency and maintenance for engines as part of a powerplant selection tender covering nearly 180 aircraft.
The airline states that the negotiations – relating to additional engineering shop-visit slots and increased access to spare engines – will conclude by the end of June.
Wizz Air says the engine tender for 177 Airbus A321neos covers “important considerations” on powerplant support.
The carrier is still experiencing considerable disruption as a result of remedy work on Pratt & Whitney PW1100G geared turbofans.
It expects around 34 of its aircraft to remain grounded over the engine issues by the end of September this year.
Wizz states in its full-year 2024-25 financial briefing that the groundings are on a downward trend – from 42 at the end of March to 37 in early May – but its operating profit sank by more than 60% to €167.5 million ($191 million).
“Despite the unproductivity of a grounded fleet, we successfully delivered a second consecutive year of profitability,” says chief executive Jozsef Varadi.
“The number of grounded aircraft will start reducing in both absolute and relative terms and this is why we have reached a transformation point.”
The carrier says it experienced “significant challenges” with an average of 44 aircraft parked over the course of 2024-25 – equivalent to almost 20% of the fleet.
But it says improved utilisation of the operational aircraft and use of wet-leasing helped the carrier keep capacity flat.
Over the year Wizz also received 26 new A321neos and 14 spare engines, enabling it to “mitigate some of the impact”.
Wizz is still assuming that average shop-visit time to return engines to service is 300 days.
But the proportion of the fleet out of service is falling, as the number of grounded aircraft declines and the airline expands with Airbus deliveries.
Wizz says the Airbus delivery schedule for 138 A321neos due for delivery over the next three years was amended in January. The deliveries will expand the fleet from 231 aircraft to 305 in March 2028, down from the previous forecast of 380.
Central European budget carrier Wizz Air is holding crucial discussions on contingency and maintenance for engines as part of a powerplant selection tender covering nearly 180 aircraft.
The airline states that the negotiations – relating to additional engineering shop-visit slots and increased access to spare engines – will conclude by the end of June.
Wizz Air says the engine tender for 177 Airbus A321neos covers “important considerations” on powerplant support.
The carrier is still experiencing considerable disruption as a result of remedy work on Pratt & Whitney PW1100G geared turbofans.
It expects around 34 of its aircraft to remain grounded over the engine issues by the end of September this year.
Wizz states in its full-year 2024-25 financial briefing that the groundings are on a downward trend – from 42 at the end of March to 37 in early May – but its operating profit sank by more than 60% to €167.5 million ($191 million).
“Despite the unproductivity of a grounded fleet, we successfully delivered a second consecutive year of profitability,” says chief executive Jozsef Varadi.
“The number of grounded aircraft will start reducing in both absolute and relative terms and this is why we have reached a transformation point.”
The carrier says it experienced “significant challenges” with an average of 44 aircraft parked over the course of 2024-25 – equivalent to almost 20% of the fleet.
But it says improved utilisation of the operational aircraft and use of wet-leasing helped the carrier keep capacity flat.
Over the year Wizz also received 26 new A321neos and 14 spare engines, enabling it to “mitigate some of the impact”.
Wizz is still assuming that average shop-visit time to return engines to service is 300 days.
But the proportion of the fleet out of service is falling, as the number of grounded aircraft declines and the airline expands with Airbus deliveries.
Wizz says the Airbus delivery schedule for 138 A321neos due for delivery over the next three years was amended in January. The deliveries will expand the fleet from 231 aircraft to 305 in March 2028, down from the previous forecast of 380.
Source link
Share This:
admin
Plan the perfect NYC Memorial Day weekend
Pack only what you need and avoid overpacking to streamline the check-in and security screening…
LA’s worst traffic areas and how to avoid them
Consider using alternative routes, such as Sepulveda Boulevard, which runs parallel to the 405 in…
Precision weapons boom gets underway with global demand set to grow ‘exponentially’ | Analysis
Three years ago at the 2022 Farnborough air show, one of the global defence industry’s…
ITA Airways, United secure approval for codeshare partnership | News
ITA Airways is working to establish a codeshare relationship with United Airlines, following last month’s…
Martinair A350F trimmed from Air France-KLM backlog
One of KLM cargo division Martinair’s Airbus A350 freighters has been dropped from the carrier’s…
Safran aims to recover Leap delivery backlog to Airbus by end-October
Safran is aiming to recover the backlog of CFM International Leap-1A engine deliveries to Airbus…
Indonesian Aerospace expands cooperation with Turkish defence industry after ordering 48 TAI Kaan fighters
Indonesian Aerospace has deepened ties with Turkey’s defence aerospace industry amid Jakarta’s plans to obtain…
Angara maintenance certificate revoked following inspection after An-24 crash
Russian federal air transport regulator Rosaviatsia has revoked the maintenance certificate of Siberia’s Angara Airlines,…
Rolls-Royce ‘on track’ with second phase of durability package for 787 and A330neo
Rolls-Royce says it remains “on track” to deliver a 30% time-on-wing improvement for the Trent…
BAE chief hails Turkish Typhoon pact, but sidesteps jet trainer JV reports | News
BAE Systems chief executive Charles Woodburn has welcomed Turkey’s memorandum of understanding (MoU) linked to…
Bombardier still pondering option of Belfast acquisition | News
Bombardier is still not ruling out acquiring part of its former Belfast site to safeguard…
Rival submissions to expand Heathrow each promise third runway in a decade
Two proposals for expansion at London Heathrow each foresee a third runway – albeit of…