Safran CEO Calls for Tougher Regulation After Fake Aircraft Parts Scandal

Safran SA Chief Executive Officer Olivier Andries demanded regulators in Europe and the US crack down harder on rogue aircraft parts dealers, as he reacted to the scandal of falsified component records that have led to fake parts ending up on Safran-built engines.

The European Union Aviation Safety Agency and the US Federal Aviation Administration should introduce more regulation to rein in middle men in the supply chain, Andries said in an interview in Meaux, outside Paris. Regulators might also consider bringing in digitalization and blockchain technology to increase traceability and eliminate paper-based documentation, Andries said.