What Happened
Engine Shortages Over As Safran Ramps Up Production And Spare Parts
Safran CEO Olivier Andriès announced that the company will meet both Airbus and Boeing’s Leap engine expectations, as well as deliver enough spare engines to airlines. This comes after a strong first half for Leap engine deliveries, with 1,030 units delivered, a 41% increase over the same period last year. Safran also expects strong growth in spare parts and services revenues, driven by the CFM-56 and Leap engines. The company raised its guidance for full-year revenues and operating profit, citing improved financial performance across all divisions. This development was reported by Aviation Week.