Ryanair Holdings Plc (NASDAQ:RYAAY) reportedly discovered unauthorized parts in two aircraft engines, joining other significant airlines in dealing with the issue of components distributed with counterfeit certification documents.
During routine maintenance checks in Texas and Brazil over recent months, the questionable parts were found in aircraft engines and removed, according to a news report by Bloomberg, citing CEO Michael O'Leary in a Dublin interview.
This includes older-generation 737s operated by Ryanair.
O'Leary indicated that he suspects AOG supplied the parts found in Ryanair's fleet, although the Irish budget airline has never directly dealt with AOG, the report read. These components for two engines were received through third parties.
Despite this, the CEO stated that Ryanair remains mostly unimpacted by the wider scandal, it added.
Ryanair, which exclusively uses Boeing aircraft, has approximately 1,500 engines in its fleet, as stated by O'Leary.
"Given the level of paperwork that already exists, I'm not quite sure how anybody was able to come up with dodgy parts," he said, which is noted by Bloomberg.
Price Action: RYAAY shares are trading higher by 1.10% to $119.53 on the last check Friday
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