Air Astana has today revealed it has agreed a compensation package with Pratt & Whitney over the GTF neo engine availability issues.
This comes on top of aircraft around the world having to be grounded due to issues with the engine.
Without further ado, let’s get into it…
The Full Statement from Air Astana…
The full statement from Air Astana regarding the Pratt & Whitney compensation is as follows:
“Air Astana Joint Stock Company (the “Company” and, together with its subsidiary FlyArystan, the “Group”), the largest airline group in Central Asia and the Caucasus regions by revenue and fleet size, is pleased to announce that it has reached an agreement with Pratt & Whitney that provides compensation and other support for the impact to the Group’s operations arising from the GTF neo engine availability issues.”
“The agreements that we have with Pratt & Whitney, including our long term maintenance contracts, will help address costs and will supplement the existing range of robust operational initiatives to address these issues in a sustainable manner.”
“The Group has also executed the purchase agreement for a sixth spare engine PW1100 with IAE.”
“This engine, which is scheduled for delivery in April 2024, is aligned with the Group’s mitigation plan for engine issues.”
“In addition to the previously communicated fleet plan, FlyArystan has executed a lease agreement for two A320ceo aircraft, with deliveries in the first quarter of 2025.”
Manufacturer Progressing Ahead…
Pratt & Whitney continue to progress onwards in addressing the concerns of it’s customers.
The GTF engine powers a lot of neo aircraft around the world, with availability being an issue.
This has resulted in airlines having to ground aircraft.
Compensation packages have been part of such agreements to ensure customers stay on side.
All eyes will be on what other carriers will receive the same treatment following these issues.
Overall…
In conclusion, Air Astana has managed to come to an amicable settlement with Pratt & Whitney and can move on from this.
Looking ahead, all eyes will be on which other airlines will follow the same path as the Kazakh carrier.
It is in the interest of the engine manufacturer to ensure satisfaction among their lengthy list of customers.
But for now, let’s see what happens following this.
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