Spirit Airlines, Inc. revealed on Friday in a filing that it entered into an agreement with International Aero Engines, LLC ("AE), an affiliate of Pratt & Whitney, over the issues caused by the latter's faulty engines.
Spirit previously had to remove the engines in question from service, while also...
Shares of RTX Corporation, formerly Raytheon Technologies Corporation, dropped to a 27-month low on Monday after it announced that it expects to suffer a $3 billion to $3.5 billion impact to its pre-tax operating profit "over the next several years."
The reason behind the expected downgrade to...
United Airlines Holdings Inc.'s 52 Boeing 777 airplanes with Pratt & Whitney engines will likely remain suspended from flying until early 2022, The Wall Street Journal reported on Monday.
The delay in their return to service is expected as the United States Federal Aviation Administration (FAA) is...
British aerospace engineering company Meggitt plc announced on Monday will pay £750 million over the course of 10 years for engine components produced by the American aerospace manufacturer Pratt & Whitney.
According to the deal, P&W will continue to supply Meggitt with advanced...
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