Wizz Air Holdings said in its annual report that it pocketed “significant compensation” from Pratt & Whitney for the PW1100G GTF engine issues but warned that the number of aircraft grounded will only grow in the coming months.

The Wizz Air (W6, Budapest) parent did not disclose the amount it was given but recorded the proceeds during the last fiscal year, which ended on March 31, 2024. The total “credits and compensation received from suppliers”, which includes the Pratt & Whitney settlement, during the year amounted to net proceeds of…

Source: ch aviation
Read more: Wizz Air secures PW compensation but groundings persist