PRAGUE, Oct 7 (Reuters) - Wizz Air ( WZZAF ) aims to end
engine-related groundings of its Airbus aircraft by the
end of 2027, but has yet to see an improvement in Pratt &
Whitney bottlenecks blamed for blocking dozens of jets,
a senior executive said on Tuesday.
The number of aircraft grounded by long waiting times for
inspections has fallen to 38 from a peak near 60, CFO Ian Malin
said. At the half-year stage, Wizz said it had 41 aircraft
grounded due to GTF engine-related inspections.
"Overall, the plan right now is to get the entire fleet
unparked by the end of calendar year 2027. That is the target
that we're working towards," he told the International Society
of Transport Aircraft Trading (ISTAT) conference in Prague.
"That will be challenging, especially when we're sitting
here with 38 aircraft (on the ground)," he said.
Wizz Air ( WZZAF ) CEO Jozsef Varadi told Bloomberg in September that
he aimed to turn Wizz Air's ( WZZAF ) fortunes around by mid-2027.
Hungary-based Wizz has struggled in recent years to compete
financially with other European carriers as it grapples with the
engine challenges. The groundings have limited its ability to
increase capacity and it has issued two profit warnings.
"Pratt is actually showing some availability of engines, but
the overall turnaround time is not improving...Pratt has said
that that's coming down. I haven't seen it yet," Malin said.
"It is extremely frustrating, because we've been dealing
with it for now two-and-a-half years," he added.
Pratt & Whitney parent RTX did not immediately
respond to a request for comment.
The U.S. aerospace group's CEO Chris Calio said in September
that cases of aircraft on the ground due to Pratt engines have
stabilized, and are expected to come down, but "clearly we have
more work to do." The company expects maintenance, repair and
overhaul service to be up 30% year-over-year.