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CFM ready for higher Airbus A320neo rates in 2024

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...

CFM LEAP expected to hit breakeven by 2025

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...

Safran records solid year despite MAX-effect

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)...

Safran reports solid 2018, but some ‘interior’ decoration to do

Aircraft propulsion and equipment maker Safran reported solid 2018 results on February 27, both financially as well as on the status of its various programs and divisions. Revenues of its six business divisions increased by €5.097bln to €21.050bln, of which €3.799bln...