Safran begins Boeing engine checks, shares fall
Safran said inspections of new-generation LEAP engines supplied to Boeing for the latest version of its 737 aircraft are expected to be completed within a few weeks and ruled out a design fault as the cause of problems that halted test flights. The engine maker is scrambling to transport dozens of engine turbines back from the US, only days before Boeing had been due to start deliveries of the new 737 MAX. Boeing said Wednesday that it was suspending 737 MAX test flights while CFM International, an engine venture co-owned by Safran and General Electric, conducted checks after a quality problem was found in a turbine disc. The problem is not related to the part's design and does not suggest deeper problems in the industry's tightly stretched supply chain, Safran Aircraft Engines' CE Olivier Andries said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-05-12/general/safran-begins-boeing-engine-checks-shares-fall
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Safran begins Boeing engine checks, shares fall
Safran said inspections of new-generation LEAP engines supplied to Boeing for the latest version of its 737 aircraft are expected to be completed within a few weeks and ruled out a design fault as the cause of problems that halted test flights. The engine maker is scrambling to transport dozens of engine turbines back from the US, only days before Boeing had been due to start deliveries of the new 737 MAX. Boeing said Wednesday that it was suspending 737 MAX test flights while CFM International, an engine venture co-owned by Safran and General Electric, conducted checks after a quality problem was found in a turbine disc. The problem is not related to the part's design and does not suggest deeper problems in the industry's tightly stretched supply chain, Safran Aircraft Engines' CE Olivier Andries said. <br/>
