RYAAY - Ryanair Caught In Parts Scandal? Unauthorized Components Reportedly Found In Engines | Benzinga
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.
According to aviation authorities, a lesser-known London firm, AOG Technics Ltd., is alleged to have provided thousands of engine parts with counterfeit certification documents for Airbus SE (OTC: