Wizz Air (LON: WIZZ) said Tuesday that it has struck a commercial support agreement with Pratt & Whitney to address ongoing issues with its PW1100G-JM geared turbofan (GTF) engines.
The agreement, which extends through to the end of 2026, is said to provide both operational support and a compensation package to cover direct costs linked to the grounding of approximately 40 Airbus A320NEO family aircraft due to powder metal defects in the engines.
The deal is aimed at mitigating the financial and operational impact of the grounded fleet while speeding up the return of affected aircraft to service.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Still, the low-cost airline projects a continued grounding of around 40 Airbus A320NEO family aircraft through F26 due to inspections required on its GTF fleet.
Despite the challenges, Wizz Air remains optimistic about its growth trajectory.
In fiscal year 2026, the airline plans to strengthen its operations with the delivery of 50 new Airbus A321NEO aircraft, contributing to an expected 20% increase in seat capacity.
The fleet expansion is expected to accelerate Wizz Air’s transition towards a more fuel-efficient operation, with A321NEO aircraft projected to comprise 77% of its fleet by the end of fiscal 2026.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading and investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
