Business
Lufthansa grounds subsidiary's Airbus fleet due to supply challenges
Berlin, May 5
Global aviation major Lufthansa has said that it has grounded one-third of Swiss' Airbus A220 fleet amid supply-side challenges, which it saw as having more of an impact on the aviation sector's recovery from the Covid period than passenger demand.
Lufthansa Group chief executive Carsten Spohr, in his remarks as the group outlined its first-quarter 2023 performance on Wednesday, even termed these challenges as the "major driver" of the industry in the coming years, reports said.
"I'm in this industry for around 30 years - I've never seen anything like it," he said.
Spohr also said that alongside the Swiss A220s - caused by problems with their PW1500G engines - issues with Pratt & Whitney powerplants have also grounded three "brand-new airplanes" at Lufthansa mainline - PW1100G-equipped A320neo-family jets, amid a wider shortage of "basic parts" as supply chains struggle to recover from the effects of the pandemic downturn.
A220s have proven particularly vulnerable to a lack of spare engines during MRO process, as per various airlines chiefs.
The Lufthansa chief also said that the issues are not unique to the Pratt & Whitney or MRO sector, but deliveries of new aircraft are also being delayed.
"Way down in the supply chains, there are elements missing and companies need to rebuild their production facilities," Spohr noted, adding that he had discussed the matter with OEMs including Airbus and Boeing and expects the situation to continue for the time being.
Exacerbating the supply are labour shortages, he said, not in the airlines but also in suppliers, airports, and ground-services.
He said that airline capacity is likely to be restricted by supply-side dynamics for years to come.
11 hours ago
Iranians want bombs to be free: Trump
11 hours ago
West Asia conflict: India, Qatar stress need for negotiation to ensure energy security
11 hours ago
Israel will continue with full force on all fronts until threat is removed: Netanyahu
11 hours ago
Trump cites nuclear threat, signals Iran endgame
11 hours ago
Trump sidesteps war crime question on Iran, defends US action
13 hours ago
Canada's anti-hate bill offers ray of hope amid rising Khalistani extremism
18 hours ago
Cong, Left in struggle for political existence in upcoming Assembly polls
18 hours ago
Gigi Hadid talks about her and sister Bella being named in Epstein Files: It's disturbing
18 hours ago
Dwayne Johnson on his ‘90s self: ‘Scars, callouses and no turtlenecks’
18 hours ago
Jackie Shroff pays tribute to Suchitra Sen on her 95th birth anniversary
18 hours ago
Karisma Kapoor recalls being mesmerized by Rishi Kapoor's Karz, calls him exceptional talent of Bollywood
18 hours ago
Boney Kapoor shares throwback pic of Sridevi & 4 month-old Janhvi Kapoor, recalls ‘happy memories’
18 hours ago
Meryl Streep reveals the inspiration behind her ‘The Devil Wears Prada’ character
