CFM International will increase engine production by 20%

CFM International aims to increase its LEAP engine production by up to 20% this year, targeting between 1,618 and 1,688 engines. This boost is crucial for the aviation industry's recovery. The joint venture between GE Aerospace and Safran Aircraft Engines is responding to rising demand for new aircraft, particularly the Airbus A320neo and Boeing 737 MAX. Supply chain issues and labor availability are key factors influencing the production increase. This production increase is vital for airlines and manufacturers, potentially easing delivery bottlenecks. However, the company faces risks related to supply chain stability and quality control as it ramps up production.