Pratt & Whitney in hot seat as Airbus profits fall
Airbus (AIR.PA) turned up the heat on engine maker Pratt & Whitney over delays that have disrupted its biggest production line after reporting a sharp drop in mid-year profits on Thursday. The head of the world’s second-largest planemaker challenged the U.S. engine maker, whose fuel-saving Geared Turbofan (GTF) engine is tied to thousands of orders for A320neo jets, to “work harder” to fix delays and reliability problems. Although other engine makers, including CFM International (GE.N)(SAF.PA) and Rolls-Royce (RR.L), have also suffered snags, Airbus Chief Executive Tom Enders put the onus squarely on Pratt & Whitney to overcome its GTF problems.
Source:: https://finance.yahoo.com/news/engine-delays-hit-airbus-profits-053734109.html
