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Turkish Airlines expects Pratt engine problems to last until mid-2027

Turkish Airlines (THY), its chief financial officer said on Monday, expects the bottlenecks that have caused dozens of Airbus jets to be grounded for months or longer will continue another two years. Due to Pratt & Whitney's unusually long repair wait times, the Turkish state carrier expects 45 Airbus aircraft will be grounded by 2025. The Turkish state carrier started the year with only 35 jets idle. "Next year it will be the same," Murat Seker, CFO of the International Society of Transport Aircraft Trading told a European Aircraft Conference hosted by ISTAT.

He added that, in the last year, an average of 40 Airbus A320neo family jets were grounded because of maintenance backlogs.

I think this will last at least until mid-2027. "We will have to ground a large number of aircraft."

THY is not the only carrier affected by longer than usual repair turnaround times. Wizz Air in Hungary has also been affected. Seker stated that the average turnaround time was 200 days. He added that THY received "reasonable compensation" from Pratt & Whitney (part of U.S. aerospace company RTX Corp.).

RTX didn't immediately respond to a comment request.

RTX Corp's CEO Chris Calio said at a September conference that the number of aircraft grounded due to Pratt engine problems has stabilized and is expected to decrease, but "clearly, we have more to do". The company expects its maintenance, repair, and overhaul services to increase 30% over last year.

According to industry sources, the jet shortages are causing a rise in air fares and prices for engine spares, which has led to difficult negotiations on maintenance contracts.

Last month, THY announced a deal to buy 225 Boeing jets, including 150 of the 737 MAX. However, it said that this deal was contingent on a deal involving engines from French-US CFM. (Additional reporting from Allison Lampert, editing by Edward Tobin.)

(source: Reuters)