GE halves LEAP engine delivery growth target for 2024

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GE halves LEAP engine delivery growth target for 2024
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SaltWire's Atlantic regional weather forecast for October 24, 2023 | SaltWireCHICAGO - General Electric on Tuesday warned that the growth in LEAP engine deliveries next year would nearly halve as its suppliers struggle to keep pace with a booming demand.

"Our suppliers have work to do to continue to drive the sequential improvements," he told Reuters."There's no silver bullet here." A slowdown in deliveries puts a question mark over plans at Boeing and Airbus to ramp up output. It is also a setback for airlines' efforts to modernize their fleets. Carriers are already dealing with the fallout of a rare manufacturing flaw in Pratt and Whitney's popular Geared Turbofan engines that could ground hundreds of Airbus jets in coming years.

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