GE Aerospace CEO pushes back as airlines decry engine pricing power

GE Aerospace -1.49%

GE Aerospace

GE

308.35

-1.49%

CHICAGO, Jan 22 (Reuters) - GE Aerospace GE.N CEO Larry Culp defended the jet-engine industry's pricing practices as airline executives and the head of the International Air Transport Association step up complaints that engine shortages and rising maintenance bills have become a growing financial drag on carriers.

Airlines say supply-chain snags, long waits for shop visits and limited availability of spare engines have tilted negotiating leverage toward manufacturers - a point IATA Director General Willie Walsh has underscored as the industry struggles with grounded aircraft and repair backlogs.


(Reporting by Rajesh Kumar Singh
Editing by Mark Potter)

((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net))

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.