What Happened
Industry Pushes For Greater Competition In Engine Aftermarket
The airline industry is calling for greater competition in the aircraft engine aftermarket, citing engine shortages that cost airlines nearly $6 billion last year. The International Air Transport Association (IATA) is urging engine manufacturers to give suppliers more freedom to provide used components, which could help alleviate the backlog and lower prices. This move follows a European Commission antitrust investigation into Pratt & Whitney’s alleged anticompetitive behavior, which led to changes in the company’s contracts to remove restrictions on used parts. The development was first reported by an unknown source.