Supply chain, labour snags delay CFM jet engines

(Financial Eye) – Jet engine maker CFM International is facing industrial delays of six to eight weeks in the wake of supply chain and some French labour problems, but expects to claw most of this back by early in the fourth quarter, three people familiar with the matter said.

Co-owned by General Electric (NYSE:) and France’s Safran (EPA:), CFM is the largest jet engine maker by units, and powers three out of four recently developed narrowbody jetliners including all Boeing (NYSE:) 737 MAX and about half of Airbus’ A320neo.