Investing.com -- Wizz Air (LON:WIZZ), a low-cost carrier, has expressed concerns over ongoing issues with Pratt & Whitney engines, which have resulted in the grounding of some of its planes. The company's chief executive, Jozsef Varad, spoke on Monday at the Airline Economics conference in Dublin, stating that the problem could persist for four to five years.
Initially, the company had hoped that the issues would be resolved in 18 months to two years. However, the current situation suggests a longer timeframe for resolution. Varad noted that while Pratt & Whitney is making efforts to address the problem, it is likely to be a longer process than initially expected.
In a statement last month, Wizz Air announced that it expects 40 of its planes to remain grounded through the fiscal year 2026 due to the engine issues. This situation is not unique to Wizz Air, as AirBaltic, another Eastern European carrier, also reported that the Pratt & Whitney engine problems are impeding its growth prospects.
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