What Happened
Global Carriers Seek Easier Access to Reconditioned Components
Global airlines, represented by the International Air Transport Association, are calling on jet engine makers to make it easier for independent suppliers to sell reconditioned parts. This move follows an EU settlement with Pratt & Whitney Canada, which agreed to loosen restrictions on used turboprop engine parts. The airlines argue that greater competition could ease shortages and maintenance costs, which have been a significant challenge since the COVID-19 pandemic. According to Reuters, the European Commission’s decision may set a precedent for the main jet engine markets, and IATA has estimated that shortages of engine parts and maintenance capacity cost airlines almost $6 billion last year.