By Tim Hepher PARIS (Reuters) -French aerospace group Safran raised full-year forecasts on Friday as it reported higher-than-expected third-quarter revenues, led by its core jet engine division. The company, which co-produces LEAP jet engines with GE Aerospace through their CFM venture, said it had achieved a "strong catch-up" on delayed deliveries in the quarter, shipping more than in any previous quarter. Engine makers have seen strong demand for spares and parts as airlines fly older planes for longer, due in part to congestion at maintenance centres and delayed jet deliveries from Airbus and Boeing. The engine industry is seeing a tug of war between aircraft factories and airlines who need spares to relieve shortages. CEO Olivier Andries said demand for aftermarket services and parts f
Safran hikes forecasts after strong quarter for jet engine services
The Sunday Guardian13 hrs ago
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