Safran CEO says reducing parts purchases to fit lower LEAP delivery target

Apr 26, 202406:02 UTC

Safran SA SAF first-quarter results, call with reporters:

CEO SAYS LONG-HAUL AIR TRAFFIC HAS REACHED 94% OF PRE-COVID LEVELS AND SHOULD CATCH UP BY END-YEAR
CEO SAYS IT IS CLEAR THAT BOEING SITUATION WILL HAVE AN IMPACT ON LEAP ENGINE PRODUCTION
CCEO SAYS BOEING AND AIRBUS VERSIONS OF LEAP ENGINE ARE NOT INTER-CHANGEABLE, NO CHANGE IN PLANS FOR DELIVERIES TO AIRBUS IN 2024
CEO SAYS PURSUES DIALOGUE WITH ITALIAN AUTHORITIES ON MICROTECNICA
CEO SAYS PROBLEMS OF SUPPLY CHAIN ARE NOT BEHIND US, SITUATION REMAINS DIFFICULT ACROSS THE BOARD
CEO SAYS CHANGE IN LEAP DELIVERY TARGET IS LINKED TO CHANGE IN DEMAND RATHER THAN SUPPLY CHAIN ISSUES
CEO SAYS LOWERING PARTS PURCHASING IN LINE WITH LOWER LEAP ENGINE DELIVERY TARGET