Ahead of tomorrow’s investor day, GE’s aerospace unit reinforced its 2024 financial targets while authorizing up to $15 billion in share repurchases. This is part of a plan to return 70% to 75% of cash to shareholders. GE Aerospace’s revenues…
CFM International is introducing new high-pressure turbine (HPT) blades on two versions of the trusted CFM56 to enhance durability. While the engine already has a solid track record, the OEM has developed HPT blades to improve this even more. The…
Engine makers CFM International, GE Aerospace, and Safran Group hope to get a complete picture of the extent of unapproved parts sold with fraudulent documentation by UK-based company AOG Technics within fourteen days. The company and owner Jose Zamora Yrala were summoned on Wednesday…
Aftermarket sales of spare parts for CFM LEAP and CFM56 engines have recovered to well over 2019 levels, the first time this happened since the pandemic. Sales were up 36.5 percent in HY1. As this trend is expected to continue…
GE Aerospace and partner Safran have been successful in replicating the circumstances that have affected the durability of the CFM LEAP engines, including high-pressure turbine (HPT) blades and fuel nozzles. Specifically, the effects of sand dusting on the engine are now…
Engine maker Safran Group is confident that CFM can deliver 1.700 LEAP engines to Airbus and Boeing this year. While supply chain issues do continue, CEO Olivier Andries expects them to ease over the year. The guidance is below that of…