CFM jet engines delayed by supply chain snags, labor unrest - Reuters

CFM jet engines delayed by supply chain snags, labor unrest

May 23, 2022 by Seeking Alpha

Key Facts

  • Jetlinerimages/iStock Unreleased via Getty Images Jet engine maker CFM International, the joint venture co-owned by General Electric (NYSE:GE) and France's Safran (OTCPK:SAFRY), is facing industrial delays of 6-8 weeks due to supply chain problems and French labor unrest, but expects to recover most of the delays by early Q4, Reuters reported on Monday.
  • Some Airbus customers have been warned that aircraft deliveries, already partially delayed by European factory congestion, could be pushed back further as a result of the CFM engine delays, according to the report.
  • Boeing (BA) reportedly also has seen delays in receiving engines from CFM, although there are no signs yet that jet deliveries were affected as a result, as the company is building at a slower rate as it clears jets stored during a safety crisis.
  • CFM is hardly alone in dealing with supply chain snags; Raytheon Technologies, whose Pratt & Whitney engines compete with CFM on the Airbus A320neo, said last month that it was facing supply chain constraints across its business.

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