Air New Zealand Reports Progress on Engine Issues Amid IATA Criticism of Manufacturers
Air NZ says breakthrough reached on engine drama, IATA boss tells engine makers: ‘Stop gouging us’
Image: Nzherald
Air New Zealand's CEO announced a breakthrough in resolving long-standing engine problems during the IATA summit in Rio de Janeiro. IATA's director-general criticized engine manufacturers for excessive pricing, specifically targeting Pratt & Whitney, with whom Air New Zealand has made progress.
- 01Air New Zealand's CEO reported a breakthrough in engine issues during the IATA summit in Rio de Janeiro.
- 02IATA director-general Willie Walsh criticized engine manufacturers for high pricing practices.
- 03The discussions involved Pratt & Whitney, a major aerospace manufacturer valued at $420 billion.
- 04The IATA annual general meeting included executives from Qantas and Jetstar.
- 05The meeting serves as a platform for both public criticism and private negotiations.
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During the International Air Transport Association (IATA) annual general meeting in Rio de Janeiro, Air New Zealand's CEO announced a significant breakthrough in resolving persistent engine issues. This development comes after years of challenges related to engine performance. IATA's director-general, Willie Walsh, publicly criticized engine manufacturers, particularly targeting Pratt & Whitney, for their pricing practices, which he described as 'gouging' airlines. The $420 billion US aerospace giant was present at the summit, alongside executives from Qantas and Jetstar, indicating a collaborative effort among airlines to address these critical issues.
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