Lufthansa: A320neo engine improving but not there yet

|By:, SA News Editor

Lufthansa (OTCQX:DLAKY -4.7%) says issues with the new engine of its A320neo plane are not fully fixed and as a result it is not ready to put more of the revamped jets into commercial service.

Airbus (OTCPK:EADSY -2.3%) missed an end-2015 target for the first delivery of its new best-selling plane after the engines, made by Pratt & Whitney (UTX +0.6%), needed longer than usual to start properly.

Lufthansa, which stepped in as the first operator when Qatar Airways refused to take the plane, took delivery of its first A320neo in January. The carrier is due to receive five more A320neo jets in 2016.

Previously: New snag for Pratt & Whitney engines (Feb. 26 2016)

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