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Japan-based air transport and cargo services provider ANA Holdings Inc. (OTC:ALNPY) All Nippon Airways plans to begin a series of inspections of engine manufacturer Pratt & Whitney’s PW1100G-JM engines.
The inspections come as Pratt & Whitney (P&W), a unit of RTX Corp (NYSE:RTX), indicated that there may have been issues during the powdered metal manufacturing of internal engine parts, which were manufactured between October 2015 and September 2021.
ANA received notice that the engines which may contain specific parts must be inspected or replaced within a specified period of time.
The engines are installed on Airbus SE’s (OTC:EADSY) A320neo and A321neo aircraft. The inspection will begin in January 2024.
A total of 33 aircraft, 11 A320neo and 22 A321neo, will be subjected to the inspections.
According to P&W, the inspection process is expected to take 250 to 300 days per engine. ANA said select flights on domestic and international routes will be reduced due to the inspection process.
As a result of the inspection work, approximately 30 flights per day will be reduced on domestic and international routes starting January 10, 2024 through March 30, 2024. Flight reduction rate is 3.6%.
ANA plans to update on the operational impact of the inspections from March 31, 2024, in its FY2024 business plan set to be released at the end of January.
Price Action: RTX shares closed lower by 0.75% at $78.57 on Monday.
