Engine problem on Airbus A320neo jets could ground hundreds of planes in coming years

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Engine problem on Airbus A320neo jets could ground hundreds of planes in coming years
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Lufthansa and Scoot are among the airlines affected by the engine manufacturing flaw by US aerospace giant RTX.

Aerospace suppliers and airlines around the world warned of rising costs and a squeeze on plane capacity after US engine maker RTX disclosed that a rare manufacturing flaw could ground hundreds of Airbus jets in coming years.

"We don't like the situation, but we think that was the right thing to do," he said, adding that the problems are"very unfortunate." The problem may worsen a tug-of-war over engines between aeroplane factories and repair shops, industry sources told Reuters, as repairs take longer to fix. Shares of RTX, which was formed from the merger of Raytheon and United Technologies in 2020, have lost a quarter of their value since disclosing the problem in July.

Lufthansa said on Tuesday the snag will result in the German flag carrier grounding 20 A320neos at any time.

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