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Engine maker Safran upholds its target that it will be able to deliver 2.000 CFM LEAP engines in 2023, despite suffering from continued supply chain and labor constraints. For this reason, CFM, which is jointly owned by Safran and General Electric, will unlikely meet...

CFM International has responded positively to the request of Airbus to ramp up the production of the LEAP engines and meet higher rates in 2024. CFM-parent Safran Group confirmed this during an earnings call on April 29 on the first-quarter results. This would mean...

GE Aviation and Safran expect the LEAP turbofan engine to reach breakeven margins in 2025. There will be a three-percent margin impact this year and in 2023 as the production transits from the CFM56 to the LEAP, but the numbers are looking good beyond 2023. CFM LEAP...

Major aircraft propulsion and equipment maker Safran recorded a solid 2019, with a net income up 26.4 percent to EUR 3.820 billion, it reported on February 27. Revenues were up 17.1 percent to EUR 26.640 billion. All segments (propulsion, equipment, and interiors)...