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Related Special Reports
...Airbus, Boeing and engine makers Rolls-Royce, Safran, Pratt & Whitney and General Electric all provide services and sell spare parts....
...Before being appointed RTX’s chief operating officer, Calio was P&W’s president....
...US aerospace and defence group RTX Corp, formerly Raytheon, expects to take a $3bn hit from issues with roughly 1,200 Pratt & Whitney engines fitted to Airbus jets....
...Hundreds of aircraft worldwide will be grounded over the next few years owing to problems with Pratt & Whitney engines, in a $3bn hit to parent RTX and another setback for airlines already struggling to...
...Peter Dilnot, who was chief operating officer, has taken over as CEO....
...Helane Becker, analyst at TD Cowen, said Boeing’s delivery delays plus the grounding of planes powered by defective Pratt & Whitney geared turbofan engines, could combine with strong demand for air travel...
...Paul Geaney, chief commercial officer of lessor Avolon, said aviation’s “fundamental supply and demand imbalance” would last for several years....
...The overseer is Richard Henry Pratt, a US Army officer infamous for the motto “kill the Indian in him, and save the man”; he’s here brought to life here as “stern and plain, with a nose that announced itself...
...Peter Dilnot, the chief operating officer who will become chief executive next March, said mergers and acquisitions “inbound or outbound” were “not the priority”....
...Chief financial officer Brian Newman said costs would increase by 3.3 per cent at an annual compounded rate, with $500mn more in costs than it had expected in the second half of this year....
...Rival engine maker Pratt & Whitney’s latest-generation engine has encountered similar durability challenges in recent months....
...One of these messages landed in the inbox of Matthew Westover, a federal officer from Nebraska....
...Under the plans group chief executive Guillaume Faury will relinquish his role as head of the planemaking business to Christian Scherer, current group chief commercial officer, according to two people briefed...
...Chief financial officer Neil Sorahan said the switch to regular payouts reflected the “maturity” of Ryanair’s business, following years of high capital spending before the pandemic as it built its dominant...
...officers,” said Anna Kull, a partner at Levy Konigsberg....
...The company left that segment more than a decade ago when it pulled out of a joint venture with Pratt & Whitney of the US....
...“It’s not just the engine,” said Christian Scherer, Airbus chief commercial officer....
...When Britishvolt collapsed into administration, Jeff Pratt lost his most important customer....
...The company has reached agreement on engine volumes with both CFM International and Pratt & Whitney for 2023 and 2024 and had started talks about numbers for 2025....
...But Jeff Pratt, managing director of the Coventry-based UK Battery Industrialisation Centre, a £130mn government-funded pilot to test battery production techniques, said the UK was failing to compete with...
...On an earnings call last week, Greg Hayes, chief executive of Raytheon, which owns engine maker Pratt & Whitney, said the lack of castings stemmed from labour shortages....
...Ashwani Gupta, Nissan’s chief operating officer, says the Japanese carmaker “definitely should be thinking of going [to] the end of the supply chain”....
...United Airlines expects its Boeing 777 jets with Pratt & Whitney engines to start flying again next week, allowing the carrier to increase seat capacity to meet robust summer travel demand....
...“I don’t know if the UK government would ever do it, but Pratt and Rolls should really be one business. That to me, there’s no question.”...
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