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

USD -
AED 3.67298
AFN 70.194145
ALL 87.342841
AMD 388.911102
ANG 1.80229
AOA 916.999901
ARS 1127.489628
AUD 1.55328
AWG 1.8
AZN 1.707668
BAM 1.737794
BBD 2.017593
BDT 121.409214
BGN 1.737984
BHD 0.376881
BIF 2972.677596
BMD 1
BND 1.297259
BOB 6.904794
BRL 5.655294
BSD 0.999245
BTN 85.280554
BWP 13.549247
BYN 3.27007
BYR 19600
BZD 2.007197
CAD 1.391955
CDF 2872.000193
CHF 0.834303
CLF 0.024361
CLP 934.830242
CNY 7.237301
CNH 7.21548
COP 4236.68
CRC 507.174908
CUC 1
CUP 26.5
CVE 97.974144
CZK 22.203991
DJF 177.937714
DKK 6.64471
DOP 58.79426
DZD 133.098996
EGP 50.591646
ERN 15
ETB 134.071527
EUR 0.890669
FJD 2.269199
FKP 0.751765
GBP 0.75247
GEL 2.745002
GGP 0.751765
GHS 13.139633
GIP 0.751765
GMD 71.487145
GNF 8653.427518
GTQ 7.685815
GYD 209.667244
HKD 7.79244
HNL 25.959394
HRK 6.7149
HTG 130.498912
HUF 359.654502
IDR 16515
ILS 3.539595
IMP 0.751765
INR 84.648105
IQD 1308.987516
IRR 42100.000336
ISK 130.839986
JEP 0.751765
JMD 158.834244
JOD 0.709298
JPY 145.992033
KES 129.149671
KGS 87.449943
KHR 4000.177707
KMF 436.499023
KPW 899.999605
KRW 1401.009786
KWD 0.30698
KYD 0.832734
KZT 515.695944
LAK 21600.248789
LBP 89531.298592
LKR 298.556133
LRD 199.848949
LSL 18.174153
LTL 2.95274
LVL 0.60489
LYD 5.476032
MAD 9.244125
MDL 17.126483
MGA 4495.979386
MKD 54.81826
MMK 2099.691958
MNT 3573.956258
MOP 8.005864
MRU 39.809854
MUR 45.939481
MVR 15.40203
MWK 1732.640277
MXN 19.45072
MYR 4.296996
MZN 63.892558
NAD 18.174153
NGN 1608.670209
NIO 36.767515
NOK 10.35708
NPR 136.448532
NZD 1.685431
OMR 0.384981
PAB 0.999245
PEN 3.630192
PGK 4.147674
PHP 55.373956
PKR 281.409214
PLN 3.77017
PYG 7988.804478
QAR 3.646186
RON 4.556897
RSD 104.145009
RUB 83.551937
RWF 1436.403216
SAR 3.750902
SBD 8.343881
SCR 14.20228
SDG 600.499412
SEK 9.71825
SGD 1.297975
SHP 0.785843
SLE 22.750006
SLL 20969.483762
SOS 571.060465
SRD 36.702502
STD 20697.981008
SVC 8.743169
SYP 13001.862587
SZL 18.166067
THB 33.1085
TJS 10.342085
TMT 3.51
TND 3.007952
TOP 2.342098
TRY 38.742995
TTD 6.788396
TWD 30.253794
TZS 2694.22798
UAH 41.510951
UGX 3657.203785
UYU 41.769959
UZS 12870.407393
VES 92.71499
VND 25976.5
VUV 121.003465
WST 2.778524
XAF 582.839753
XAG 0.030374
XAU 0.000305
XCD 2.70255
XDR 0.724866
XOF 582.839753
XPF 105.966502
YER 244.449779
ZAR 18.19469
ZMK 9001.200075
ZMW 26.305034
ZWL 321.999592
  • RIO

    0.8000

    59.98

    +1.33%

  • CMSC

    -0.0500

    22.06

    -0.23%

  • NGG

    0.5100

    70.69

    +0.72%

  • SCS

    -0.0200

    10.46

    -0.19%

  • RYCEF

    0.0500

    10.55

    +0.47%

  • BTI

    -1.6600

    41.64

    -3.99%

  • CMSD

    0.0100

    22.34

    +0.04%

  • BCC

    -0.9600

    88.62

    -1.08%

  • BCE

    0.4800

    22.71

    +2.11%

  • VOD

    0.0500

    9.3

    +0.54%

  • JRI

    0.0300

    12.98

    +0.23%

  • BP

    1.1800

    29.77

    +3.96%

  • RBGPF

    65.2700

    65.27

    +100%

  • GSK

    -0.2500

    36.62

    -0.68%

  • AZN

    0.2700

    67.57

    +0.4%

  • RELX

    0.3486

    53.85

    +0.65%

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