What was found
CREW REPORTS, HEARD LOUD BANG AND NUMBER ONE ENGINE N2 STARTED TO DECREASE, CREW SHUTDOWN ENGINE. ENGINE FAILED AT 31,000 FEET, SAW EXHAUST GAS TEMPERATURE SPIKED FOR A SHORT TIME. REPLACED ENGINE, SHOP FINDINGS SHOWED THIRD STAGE COMPRESSOR FAILURE CAUSED BY A THIRD STAGE VARIABLE STATOR VANE.