The need for more production investment, ongoing supply chain issues and maintenance capacity concerns are all refraining Safran's CEO from pursuing a higher market share of Airbus A320neo powerplants.
LUFTHANSA TECHNIK was selected by Condor to provide A32Xneo component support in addition to A32Xceo TCS. It will also assist Condor with its Aircraft Production Inspection Program (APIP) at Airbus production site for >40 aircraft.
SIA ENGINEERING had S$26.9m net income on S$291.7m revenues for third quarter ended December 31 vs S$12.8m on S$208.1m a year ago; it performed 24 heavy checks/199 light checks at Singapore Changi vs 28/151 a year ago.
Pratt expects the number of grounded A320neos to peak by April 1 as engine removals to check parts with contaminated powder metal (PM) continue to rise.