Aerospace group Safran sticks to LEAP engine targets, no 'bad surprises' at Zodiac

Safran is sticking to production targets for the LEAP jet engine, but is still unwilling to back proposals for higher output from Airbus and Boeing until it is convinced its own suppliers can keep up, its CE said Wednesday. Safran co-owns the world's largest jet engine supplier, based on the number of units produced, along with General Electric and their plans for a record hike in output of LEAP are 4-6 weeks behind schedule. "I want to be virtually certain about the robustness of the supply chain before committing to higher production," Philippe Petitcolin said. CFM International, the joint venture that makes LEAP engines, aims to deliver around 1,100 of the engines this year, followed by 1,800 next year and hitting the 2,000 mark in 2020. <br/>
Reuters
https://www.nytimes.com/reuters/2018/05/30/business/30reuters-france-safran.html
5/30/18