The explosion on a Thursday flight from Singapore to Sydney, Australia scattered debris across an Indonesian island and forced the plane to make an emergency landing at Singapore.
"We believe this is probably most likely a material failure or some sort of design issue," Joyce said, according to Reuters.
"If we don't find any adverse findings in those checks the aircraft will resume operations," said Joyce.
Rolls Royce, which makes the engines, urged aircraft operators to perform safety checks.
John Leahy, sales chief at Airbus, said airlines had expressed "no concerns whatsoever," but about the safety of the jets.