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…
Airbus will assemble the A321XLR no longer just in Hamburg from 2023 but also at other production sites, it says on December 6 in an XLR program update. Until today, the European airframer has always stated that the ultra-long-range version…
French aerospace giant Safran Group plans to ramp up production of its CFM LEAP engines to 2.000 per year from 2023. This is double the production of 2021 and also well over 1.736 engines it built in 2019 , it announced…
Splitting up General Electric from four business units into three individual public companies will allow each of them to focus on their own, while aviation becomes the core business of the new GE. GE Aviation already was the biggest cash generator…
Dubai-based lessor Dubai Aerospace Enterprise (DAE) doesn’t feel the need to grow extra quick, now that the two biggest players AerCap and GECAS are about to merge. DAE wants to grow at its own pace and mostly by purchasing aircraft…
UPDATE SPIRIT – Is Airbus overstretching itself by targeting production rates for the A320neo-family that go beyond 70 per month? That question seems to be answered affirmatively by at least two of its key program suppliers, engines manufacturers Safran and…