{"id":50256,"date":"2023-11-04T13:20:29","date_gmt":"2023-11-04T07:50:29","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=50256"},"modified":"2024-02-14T12:49:28","modified_gmt":"2024-02-14T07:19:28","slug":"indigo-airline-leases-new-aircraft-for-pratt-engine-issues","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2023\/11\/04\/indigo-airline-leases-new-aircraft-for-pratt-engine-issues\/","title":{"rendered":"IndiGo Leases New Aircraft Amid Pratt and Whitney Engine Issues"},"content":{"rendered":"\n

BENGALURU-<\/strong> IndiGo Airline (6E)<\/a> announced its plan to lease new aircraft and extend agreements on some older ones in response to recent issues with Pratt & Whitney engines, aiming to mitigate the resulting disruptions.<\/p>\n\n\n\n

RTX, the parent company of Pratt & Whitney (RTX.N), revealed a rare powder metal defect that has the potential to cause cracks in certain engine components of the twin-engined Airbus A320neo. They urged for expedited inspections to address this concern.<\/p>\n\n\n\n

\"European
Photo: Siddh Dhuri\/ MumbaiPlanes Instagram<\/figcaption><\/figure>\n\n\n\n

Indigo Leases New Aircraft<\/h2>\n\n\n\n

Pieter Elbers, the CEO of IndiGo, expressed confidence during a post-earnings call, stating that while they have been informed of aircraft grounding, they have a mitigation plan in action.<\/p>\n\n\n\n

He also highlighted the demand for future remains strong and they are on-track to meet their financial year 2024 capacity.<\/p>\n\n\n\n

IndiGo has proactively retained 14 of its older Airbus A320ceo aircraft<\/a>. They have also extended leases for 36 more planes. The company has scheduled the commencement of acquiring 11 new aircraft through leasing in November.<\/p>\n\n\n\n

Furthermore, Indigo Airline plans to lease an additional 12 A320ceos from the secondary market, starting in January.<\/p>\n\n\n\n

\"Indigo
Photo: By Md Shaifuzzaman Ayon – Own work, IndiGo Airlines VT-IZI Airbus A320-271N, CC BY-SA 4.0, https:\/\/commons.wikimedia.org\/w\/index.php?curid=97747466<\/figcaption><\/figure>\n\n\n\n

Indigo Expansion and Challenges<\/h2>\n\n\n\n

In light of this development, the airline is progressing well toward achieving its goal of expanding its current fleet of 334 planes by more than the mid-teens during this fiscal year. <\/p>\n\n\n\n

Additionally, they aim to double in size by 2030. IndiGo is currently in negotiations with Pratt & Whitney<\/a> for compensation related to engine issues, and they anticipate receiving payments in a staggered manner. <\/p>\n\n\n\n

Presently, preexisting Pratt & Whitney engine issues have grounded approximately 40 IndiGo planes. The airline is actively assessing the number of additional groundings caused by the new problems.<\/p>\n\n\n\n

IndiGo, a significant customer for the A320 family of planes, foresees higher leasing costs. These increased costs are expected to be offset by two key factors: strong demand for air travel and a general reduction in air capacity within India.<\/p>\n\n\n\n

This capacity reduction is a consequence of the recent bankruptcy of their competitor, Go First.<\/p>\n\n\n\n

Stay tuned with us. Further, follow us on social media for the latest updates.<\/p>\n\n\n\n

Join us on Telegram Group <\/a>for the Latest Aviation Updates. Subsequently, follow us on Google News<\/a>.<\/p>\n\n\n\n

\n
IndiGo Sign New Lease Deal with BOC Aviation for A320neos<\/a><\/blockquote>