GTF Engine Debacle Continues to Weigh on Global Aviation

Author: Aircraft Value News

January 15, 2024

In the dynamic world of aviation, where every second counts and precision is paramount, the grounding of the Pratt & Whitney PW1000G Geared Turbofan (GTF) engine sent shockwaves through the industry. Airlines, aircraft values, and lease rates were caught in the turbulence of uncertainty, grappling with the repercussions of a severe and unexpected setback.

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Mission / Aircraft Values News was created in 1992 to provide independent and informed advice regarding current and future aircraft values, and the factors that affect them, to the air transport community.AVN's core activity is the provision of expert commentary on current and future market values and lease rates. AVN seeks to interpret and analyze current events, enabling readers to more accurately anticipate future market trends. AVN expertise centers on an appreciation that aircraft are a commodity, subject to vagaries of supply and demand. AVN's subscribers comprise decision makers at financial i aft lessors and airlines.

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