Articles tagged “airbus”

Lufthansa CEO Carsten Spohr acknowledges that Boeing is struggling right now, but he's confident the manufacturer will get its house in order.

With international travel rebounding, airlines are scrambling to add aircraft to their fleets. But Boeing and Airbus will struggle to meet their ambitious production targets, given supply chain woes and regulatory scrutiny, the head of the world's largest aircraft lessor said.

Global planemakers are confident in their ability to meet production targets despite the Western sanctions on Russian exports. The aerospace industry relies on Russian supply of this key metal for aircraft production.

Boeing and Airbus have ambitious plans to deliver hundreds of airplanes to the world's airlines this year, but supply chain woes could imperil their targets. Boeing, in particular, is struggling to meet its goals, said Steve Udvar-Hazy, executive chairman of Air Lease Corp.

Russia has moved to block foreign leasing companies from repossessing their aircraft in the country. More than half of the commercial airplanes in Russia are owned by Western lessors, and the lessors have until March 28 to comply with sanctions and repossess those airplanes. But Russia's move to essentially commandeer those aircraft is a violation of international law and could cost lessors billions of dollars.

With a new order for 30 Airbus A220s, JetBlue is placing a bet on an aircraft that emerged as something of a pandemic-era superstar for airlines, thanks to its small size and lower operating costs.

The airline industry believes travel demand won't recover in the Asia-Pacific region until at least 2024, but when it does, it's expected to come back strong. Airbus believes the region will account for almost half of all new aircraft through 2040, fueled by rapid economic growth and demographic changes that will see the region's middle class expand by more than 1 billion people.

Airbus delivered more aircraft in 2021 than it planned. But with an 11-year backlog of its bread-and-butter A320 family, the planemaker is looking at selling more of its other jets and boosting production rates this year.

Governments will likely use taxes and penalties as incentives to encourage airlines to operate more sustainably over the next decade, but Tony Douglas wants more players in the commercial aviation ecosystem to pay their part.

Boeing's challenges make for an uncompetitive environment given the current state of the aircraft-manufacturing duopoly. And Boeing's woes seems formidable.