Pratt's Woes With Engines Spur Compensation to Biggest User
- India’s biggest airline IndiGo to buy planes instead of lease
- IndiGo received 22 A320neos instead of promised 36 so far
An undelivered IndiGo Airbus A320neo jet
Photographer: Balint Porneczi/BloombergThis article is for subscribers only.
IndiGo, India’s biggest airline, said it received compensation from Pratt & Whitney as the manufacturer struggles to fix glitches in engines that power Airbus SE’s new A320neo jets.
The nature of the compensation from Pratt & Whitney is confidential, the airline’s Chief Financial Officer Rohit Philip said Monday after the carrier reported first-quarter profits. The carrier is not happy with the engine issues and it may take one and a half years to sort out the issue, IndiGo President Aditya Ghosh said on a conference call Monday.