Airbus Says It Will Deliver Despite Engine Delays

Airbus Group SE said it still expected to meet full-year delivery targets days after engine supplier United Technologies Corp. warned it would fall short of plans.

“We confirm our 2016 delivery guidance of at least 650 aircraft,” an Airbus spokesman said via email on Monday.

United Technologies Chief Executive Gregory Hayes told investors on Friday that the company’s Pratt & Whitney aircraft engine unit is likely to ship only 150 of its newest family of commercial jet engines, known as the geared turbofan. It previously targeted about 200 deliveries this year. Airbus uses the Pratt & Whitney engine to power its new A320neo narrow-body. Deliveries of those began this year amid delays related to the Pratt engine.

Jefferies analyst Sandy Morris in a note Monday said the engine situation could affect delivery of about 12 A320neo planes. Early planes sold usually come with big discounts, limiting the financial loss to Airbus from lower deliveries, he said. Airbus said it would meet its delivery target by delivering more of the older version of the A320 single-aisle plane.

Europe’s aircraft maker said it has delivered 19 A320neo jetliners so far— 15 using the Pratt & Whitney engine whose development was six months ahead of that of the rival design.Airbus said Pratt & Whitney was addressing early flaws with the engine, which was otherwise meeting performance targets.

 

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Bob Sanders
Bob is with Wings Journal from the very beginning. Besides writing news here, he likes to do plane spotting during the weekends and tries to get better at photography.

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