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AVH - Avianca Holdings SA News Story

$0.88 0.0  0.0%

Last Trade - 08/05/20

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £2.50bn
Position in Universe th / 6853

UPDATE 1-Colombia's Avianca grounds four Pratt & Whitney-engined Fokkers

Mon 3rd February, 2014 10:50pm
(Adds engine model, Pratt & Whitney comment in paragraph 4) BOGOTA, Feb 3 (Reuters) - Colombia's Avianca  AVT_p.CN  has grounded its four Fokker 50 aircraft used on domestic routes after detecting a fault in a Pratt & Whitney engine before a flight took off, the company said on Monday. Disruption to Avianca's flight schedule will be less than 1 percent of available seats because it will use alternative planes on those routes until the cause of the fault is established, the company said. In a statement on its website, Avianca did not describe the fault but said it believed it was one that was unlikely to recur. Avianca said all four Fokker planes, twin-engined turbo props, were fitted with engines made by Pratt and Whitney, a unit of United Technologies Corp  UTX.N .  A Pratt & Whitney spokeswoman told Reuters by email that the company was "currently working closely with all the authorities and our customer," and that the affected engine was model number PW125B. Avianca, controlled by Brazilian entrepreneur German Efromovich, and Taca, owned by the Kriete family of El Salvador, form a conglomerate operating more than 150 planes flying to more than 100 destinations in 25 countries and employing 18,500 people. (Reporting by Luis Jaime Acosta and Peter Murphy; Writing by Peter Murphy; Editing by Grant McCool and Mohammad Zargham) (( 1 634 4133)(Reuters Messaging: Keywords: AVIANCA PRATT&WHITNEY/
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