Airbus, Safran Warn Supply-Chain Snarls Will Drag Into 2024
- Shortages flagged on plane seats, chips, raw materials, labor
- Engine maker strains are easing but stability is tenuous
Aero engine turbine shaft production at the Safran SA component plant in Gennevilliers, France.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Airbus SE and Safran SA expect supply-chain disruptions to continue at least into next year, complicating output for some of Europe’s biggest aerospace companies just as airlines are clamoring for new jets.
Airbus Chief Executive Officer Guillaume Faury, speaking with France Inter radio on Wednesday, said component snarls could last until the end of 2024 or even into 2025. Safran, which provides engines for the European planemaker’s A320 family of single-aisle jets, said separately that securing a steady flow of parts and materials remains its No. 1 issue, and that glitches might extend into 2024. Shares of both companies fell.