The China Mail - Frustration in the air: Boeing delays hang over aviation meet

USD -
AED 3.67295
AFN 69.000368
ALL 83.803989
AMD 383.103986
ANG 1.789783
AOA 917.000367
ARS 1297.536634
AUD 1.537304
AWG 1.80075
AZN 1.70397
BAM 1.673054
BBD 2.018392
BDT 121.454234
BGN 1.67146
BHD 0.376789
BIF 2960
BMD 1
BND 1.281694
BOB 6.907525
BRL 5.400904
BSD 0.999658
BTN 87.426861
BWP 13.378101
BYN 3.334902
BYR 19600
BZD 2.00793
CAD 1.38195
CDF 2895.000362
CHF 0.806593
CLF 0.024552
CLP 963.170396
CNY 7.182104
CNH 7.188904
COP 4016
CRC 505.132592
CUC 1
CUP 26.5
CVE 94.903894
CZK 20.904404
DJF 177.720393
DKK 6.37675
DOP 61.72504
DZD 129.567223
EGP 48.265049
ERN 15
ETB 141.150392
EUR 0.85425
FJD 2.255904
FKP 0.737351
GBP 0.73749
GEL 2.690391
GGP 0.737351
GHS 10.65039
GIP 0.737351
GMD 72.503851
GNF 8677.503848
GTQ 7.667237
GYD 209.056342
HKD 7.82445
HNL 26.403838
HRK 6.43704
HTG 130.804106
HUF 337.803831
IDR 16203
ILS 3.37948
IMP 0.737351
INR 87.51385
IQD 1310
IRR 42112.503816
ISK 122.380386
JEP 0.737351
JMD 159.957228
JOD 0.70904
JPY 147.12504
KES 129.503801
KGS 87.378804
KHR 4005.00035
KMF 420.503794
KPW 900.025178
KRW 1388.970383
KWD 0.30545
KYD 0.83302
KZT 541.497006
LAK 21602.503779
LBP 89195.979899
LKR 300.889649
LRD 201.503772
LSL 17.590381
LTL 2.95274
LVL 0.60489
LYD 5.415039
MAD 9.009504
MDL 16.668948
MGA 4440.000347
MKD 52.634731
MMK 2098.603064
MNT 3597.89485
MOP 8.055945
MRU 39.950379
MUR 45.580378
MVR 15.410378
MWK 1735.000345
MXN 18.743504
MYR 4.213039
MZN 63.903729
NAD 17.590377
NGN 1532.720377
NIO 36.760377
NOK 10.19562
NPR 139.882806
NZD 1.687764
OMR 0.384284
PAB 0.999645
PEN 3.560375
PGK 4.140375
PHP 56.553038
PKR 282.050374
PLN 3.639079
PYG 7320.786997
QAR 3.640604
RON 4.325804
RSD 100.223038
RUB 80.100397
RWF 1445
SAR 3.752253
SBD 8.223773
SCR 14.145454
SDG 600.503676
SEK 9.558804
SGD 1.280704
SHP 0.785843
SLE 23.303667
SLL 20969.49797
SOS 571.503662
SRD 37.56037
STD 20697.981008
STN 21.3
SVC 8.746792
SYP 13002.014293
SZL 17.590369
THB 32.440369
TJS 9.321608
TMT 3.51
TND 2.88425
TOP 2.342104
TRY 40.803635
TTD 6.782633
TWD 30.032504
TZS 2612.503628
UAH 41.258597
UGX 3558.597092
UYU 39.991446
UZS 12550.000334
VES 135.47035
VND 26270
VUV 119.201287
WST 2.766305
XAF 561.119404
XAG 0.026323
XAU 0.0003
XCD 2.70255
XCG 1.801625
XDR 0.702337
XOF 561.000332
XPF 102.375037
YER 240.275037
ZAR 17.595245
ZMK 9001.203584
ZMW 23.166512
ZWL 321.999592
  • RBGPF

    2.8400

    75.92

    +3.74%

  • CMSD

    0.0505

    23.34

    +0.22%

  • NGG

    -0.1300

    71.43

    -0.18%

  • BCC

    -0.6300

    85.99

    -0.73%

  • SCS

    -0.0500

    16.15

    -0.31%

  • AZN

    0.7000

    79.17

    +0.88%

  • RIO

    0.2000

    61.24

    +0.33%

  • GSK

    0.5581

    39.36

    +1.42%

  • BTI

    -0.2700

    57.15

    -0.47%

  • CMSC

    0.0300

    23.12

    +0.13%

  • RYCEF

    -0.2100

    14.71

    -1.43%

  • JRI

    0.0835

    13.36

    +0.62%

  • RELX

    0.2700

    47.96

    +0.56%

  • BCE

    0.2400

    25.61

    +0.94%

  • VOD

    0.0300

    11.67

    +0.26%

  • BP

    0.1892

    34.33

    +0.55%

Frustration in the air: Boeing delays hang over aviation meet
Frustration in the air: Boeing delays hang over aviation meet / Photo: © NTSB/AFP/File

Frustration in the air: Boeing delays hang over aviation meet

Back-slapping over record passenger figures is tinged with frustration at the airline trade body's annual meeting as carriers lament years-long delays to deliveries of new Boeing aircraft.

Text size:

Headline projections of nearly five billion passengers and close to $1 trillion in revenues this year, both records, were reasons for celebration at the IATA annual general meeting in Dubai.

But the figures would have been stronger without the problems facing Boeing, one of the two major aircraft suppliers along with Airbus, whose safety and manufacturing standards are under the spotlight.

"It is suppressing growth at the moment, without question," said International Air Transport Association director general Willie Walsh, explaining that delivery delays had been "factored in" to the annual estimates.

Last week, Boeing, at the centre of a number of safety incidents, announced more inspectors and improved benchmarks under a "roadmap" demanded by US regulators.

The US aeronautics giant has faced intense scrutiny following manufacturing problems and damning testimony from whistleblowers.

On January 5, a Boeing 737 MAX 9 operated by Alaska Airlines made an emergency landing after a fuselage panel blew out mid-flight. The jet was only delivered in October.

The same model had been grounded after two accidents linked to design defects in 2018 and 2019 which left a total of 346 people dead.

Boeing also suffered production problems last year on the 737 and the long-haul 787 Dreamliner, while deliveries of the 777X are expected in 2025 -- six years behind schedule.

- 'Pride of engineering' -

Dubai's state-owned Emirates airline, which placed a massive order of 205 777Xs for tens of billions of dollars, has been particularly hard-hit by the delays.

"For me, this will be a five-year hiatus (for Boeing) starting from now... to get the production levels back," Emirates president Tim Clark told Bloomberg.

Walsh said delivery delays were also being seen from Airbus, Boeing's European rival, at a time when many carriers are eager to renew or expand their fleets as the industry roars back post-pandemic.

"I think it's the cause of quite a lot of frustration," he said. "Many airlines see opportunities to expand their network, want to provide services to new destinations that can't, because they can't get the new aircraft."

Boeing is at a crossroads after the departure of CEO Dave Calhoun was announced in March. His successor has not been announced.

"Whoever runs Boeing needs to restabilise the pride of engineering which Boeing is known for," said Lufthansa CEO Carsten Spohr.

"The industry needs Boeing... nobody wants less competition," he added.

Scott Kirby, who heads United Airlines, agreed that Boeing needs to get back to its strengths.

"They are one of the best technology, engineering, quality companies in the world," he said. "But they, I think, let the short-term financials take primacy."

Vik Krishnan, an aeronautics specialist with consultancy McKinsey, testified to "exasperation" among airlines.

It "ultimately shows that there is an unmet demand (for travel) and that there is no easy solution," he told AFP.

As Airbus shares many suppliers with Boeing, and some of their problems, it's a major bottleneck for an industry during a period of major expansion.

"It's not good news that Boeing is in the situation it is in, including for Airbus," said Jerome Bouchard, partner at management consultancy Oliver Wyman.

E.Choi--ThChM