Spirit could see $231 million in GTF engine compensation, IBA Insider

Spirit Airlines could see $231 million in compensation in relation to the ongoing RTX subsidiary Pratt & Whitney GTF engine issues, estimates CFA airline analysis manager Neil Fraser during an IBA Insider podcast. RTX has allocated $2.9bn for the issue and Fraser estimated that around $720,000 per aircraft for turbine disc replacement and labour cost; totalling $220 million for Fraser’s estimated 300 A320 aircraft impacted by the issue. The remaining then would be used for compensation.  For Spirit’s 26 impacted aircraft and roughly $8.9 million in compensation per aircraft, Fraser was able to devise the estimated total compensation value. However,