More than 100 planes are sitting idle in factories thanks to mostly engine backlog from Pratt & Whitney.
On Wednesday, European planemaker Airbus stated, its engine supplier Pratt & Whitney was catching up on engine delays and told investors that the second half of the year is likely to show much better results.
The airplane maker is facing a backlog of up to 100 A320neo jets due to the non-deliveries of engines from mainly U.S.-based Pratt & Whitney.
Airbus is holding an investor meeting on day three of the Farnborough Airshow near London.
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