THE supply chains of the aeronautical industry will remain under pressure until 2024according to the general director of the French equipment manufacturer SaffronOlivier Andries.
“We remain in a difficult situation in terms of the supply chain. The supply chain issues are far from being resolved, I think they will probably last well into 2024“, he declared Friday to the AJPAE, the French association of aeronautics and space journalists.
The pressure is particularly strong on supplies of titanium and steel, which contributes to increasing prices in the sector, added Olivier Andries. He also highlighted supply issues for castings and forgings, but said the global shortage of computer chips had eased significantly.
The Safran CEO also spoke of the sector’s recruitment difficulties following a wave of early retirements during the Covid-19 pandemic.
CFM International, a joint venture between General Electric and Safran, produces the LEAP engine, which powers the latest generation medium-haul aircraft, the Airbus A320neo and Boeing 737 MAX. According to Olivier Andries, CFM International is fully aligned with aircraft manufacturers Airbus and Boeing on engine production until the end of 2024, but is not yet aware of the quantities of engines to be supplied for 2025.