Pratt & Whitney sees Airbus A320 engine deliveries back on track by early 2023
Reuters
Published Jul 19, 2022 11:22AM ET
Updated Jul 19, 2022 11:42AM ET
FARNBOROUGH, England (Reuters) - Pratt & Whitney said on Tuesday it expects to have engine deliveries to Airbus for its A320 airliner back on track by early 2023 at the latest and to be able to meet the planemaker's schedule for upping output to 75 aircraft per month by some time in 2026.
"In regard to where we are with Airbus PO (purchase orders), our intent is to try and climb that back this year," Rick Deurloo, P&W's president commercial engines, told reporters at Farnborough Airshow on Tuesday, adding that it would be no later than early next year.
Airbus CEO Guillaume Faury expects delays in engine supplies which have been holding back aircraft deliveries to peak at mid-year, according to a report on Monday.
Airbus wants to raise A320 production rates to 75 aircraft monthly over the next three years. The world's largest planemaker plans to raise A320 output to 65 a month by mid-2023 from about 50 currently.
Deurloo said he did not doubt the rate would be hit, but it was a question of timing.
"I think Airbus would like to get us in sooner than what we think we'll be capable of," he said. "We'd like to hit that rate sometime in the 2026 timeframe, may not be for the full calendar year, but we'd like to at least try and hit it."
He said Airbus was pushing P&W "to do better", but it had to balance demands, including the new GTF Advantage engine coming into service.
President Shane Eddy said the U.S. company, a subsidiary of Raytheon Technologies (NYSE:RTX), was battling labour shortages and other challenges in the supply chain.
"Our output in the second quarter was largely where we had said it was going to be in recovery," he said.
"Certainly we're not happy about the position that we're in right now, we're not happy about putting stress on our customers, whether it's on the OEM side or the flying fleet that's out there expecting to operate," he said. "But I think we're seeing that recovery."
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.