IATA Chief Slams Engine OEMs: Supply Chain Failures and Aftermarket Tensions Escalate
Key Questions
What criticisms did IATA Director General Willie Walsh make about engine OEMs?
Willie Walsh sharply criticized engine OEMs for supply chain disruptions and high profits that have imposed $11 billion in costs on airlines. He also highlighted issues with aging fleets and the PW1000G engine family.
What positive development was noted for independent MROs in the aftermarket?
The CFM-IATA aftermarket agreement was highlighted as beneficial for independent MROs. This signals potential shifts in aftermarket dynamics amid growing airline frustration with OEMs.
Which companies are most directly affected by the escalating OEM tensions?
The developments directly impact RTX/Pratt & Whitney and GE Aerospace as leading engine OEMs. Related IATA priorities focus on resolving broader aviation supply chain issues affecting maintenance trends.
IATA Director General Willie Walsh sharply criticized engine OEMs for supply chain disruptions and high profits, citing $11B cost to airlines, aging fleet, and PW1000G issues. The CFM-IATA aftermarket agreement is a positive for independent MROs. This signals growing airline frustration and potential shifts in aftermarket dynamics, directly impacting RTX/Pratt & Whitney and GE Aerospace.