Exclusive: Wizz Air working on deal with Pratt & Whitney to help clear engine servicing block, CEO says
1. Wizz Air aims to expedite engine servicing with Pratt & Whitney. 2. Engine delays have grounded significant parts of Wizz Air's fleet.
FAQ
Why Bullish?
Resolving engine servicing delays can improve operational efficiency and profitability. Past examples show reduced downtimes lead to stock price increases in similar airlines.
How important is it?
The expedited engine servicing addresses a critical operational bottleneck, positively affecting fleet availability and operational capacity. The potential for increased flight operations will likely boost investor confidence.
Why Short Term?
The resolution of engine servicing should have immediate operational effects, leading to faster recovery in flight schedules and revenues. Similar cases in the airline industry indicate quick market reactions to operational improvements.