Cathay Pacific cancels flights over Airbus A350 engine issue

seekingalpha09-03

Cathay Pacific Airways (OTCPK:CPCAY) has canceled multiple flights to conduct inspections of its Airbus (OTCPK:EADSF) A350 fleet after identifying an engine component failure in one plane that was ...

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The remaining planes are undergoing repairs, and the airline expects all affected aircraft to resume operations by September 7. \"At Cathay, safety of our customers and our people guides every decision we make,\" it said. A350 jets are fitted with engine","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CPCAY":"国泰航空ADR","BK4008":"航空公司","BK4187":"航天航空与国防","RYCEY":"Rolls Royce Holdings plc"},"translate_title":"国泰航空因空客A350发动机问题取消航班","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPCAY":1,"RYCEY":1},"content_text":"Cathay Pacific Airways (OTCPK:CPCAY) has canceled multiple flights to conduct inspections of its Airbus (OTCPK:EADSF) A350 fleet after identifying an engine component failure in one plane that was traveling from Hong Kong to Switzerland. \"Following the in-flight return on September 2, Cathay (OTCPK:CPCAY) identified an engine component failure in the A350 aircraft involved,\" the airline said in a statement. \"We immediately brought this issue to the attention of the aircraft and engine manufacturers as well as our regulators,\" it added. \"As a precautionary measure, a fleet-wide inspection of our A350 aircraft was initiated immediately.\" Cathay (OTCPK:CPCAY) identified 15 aircraft with affected engine components that require replacement, of which three have gone through successful repairs.  The remaining planes are undergoing repairs, and the airline expects all affected aircraft to resume operations by September 7. \"At Cathay, safety of our customers and our people guides every decision we make,\" it said. A350 jets are fitted with engines made by British manufacturer Rolls-Royce (OTCPK:RYCEY), whose London-listed shares fell 6.5% on Monday when Cathay (OTCPK:CPCAY) first canceled flights. The stock rebounded on Tuesday, rising 4.5%. 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