Airbus sees engine shortage stabilising in the summer
PARIS, April 30 (Reuters) - Airbus AIR.PA hinted at lower aircraft deliveries in the current quarter as its chief executive predicted worsening engine shortages before supplies return to normal in the summer.
CEO Guillaume Faury said the number of Airbus narrow-body jets left undelivered because of delays in the availability of engines from its biggest supplier CFM International GE.NSAF.PA would rise from the current total of 17.
"The CFM situation is ... degrading before it gets better so we see an increasing number of so-called 'gliders' beyond the 17 we had at the end of Q1. It will continue to get worse before it gets better; we think it will ... be back to a normal situation at the summer,” Faury told analysts.
CFM did not immediately respond to a request for comment.
Airbus deliveries fell in the first quarter but the planemaker on Wednesday maintained a forecast for 7% higher deliveries over the year as a whole, suggesting deliveries would again be weighted heavily towards the latter part of the year.
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