Friday, March 17, 2017

India's IndiGo says no financial impact yet over grounding of A-320 NEO planes

India's IndiGo airline said on Friday there was no financial impact yet from the grounding of Airbus A-320 NEO planes following issues that had risen with the Pratt and Whitney engines fitted on them.

The airline's chief financial officer Rohit Philip declined to comment on whether the airline would seek compensation from Airbus Group (AIR.PA) for the engine issues.

India's aviation regulator said late last month that at least two incidents involving A320 NEO planes fitted with the engines flown by IndiGo - owned by InterGlobe Aviation (INGL.NS) - and privately-held GoAir - were under investigation.

Philip said IndiGo is still considering the choice of engine for a pending order of 250 A-320 NEO planes. He said he didn't expect delivery schedules to be affected by the engine issues.
17/03/17 Aditi Shah/Reuters