Jet engine maker Pratt & Whitney flagged 'solid progress' in the aerospace supply chain on Wednesday, addressing a key area of concern for planemakers as they continue to rack up orders at the Paris Airshow.
due in part to problems with its GTF engine that have led to the grounding of several planes.
The company said on Wednesday the groundings peaked at 10% of the GTF-powered fleet in the first half of this year, and that percentage would trend lower through the rest of the year.Pratt & Whitney President Shane Eddy, who has faced a backlash from airlines over durability problems and a shortage of spare engines,The company has the capacity in place to support maintenance demand but faces shortages of materials, he added.
Aircraft leasing company Avolon signed a memorandum of understanding to order 20 widebody Airbus A330neo aircraft.
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