In Brazil and China, competitors are beginning to circle
Visitors stand near an Airbus A330-900 at the Farnborough International Airshow south west of London on 23 July Last week, both companies published downbeat quarterly earnings results, and scored only modest orders for new jets at the annual Farnborough Air Show.
At Farnborough last week, Boeing unusually offered no commercial aircraft flight demonstrations, but pledged again to address the safety issues.In July, Boeing agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6m fine to the US government over two. Kelly Ortberg, former chief executive of Collins Aerospace – a highly regarded aviation and defence components supplier – will start work on Thursday, and immediately have his hands full.
Airbus must climb an even higher mountain. “There is a lot of demand for short-term deliveries,” its chief executive Guillaume Faury toldlast week, citing 8,500 plane orders the company is racing to complete. He warned that Covid-related supply chain issues were still proving difficult to overcome. Airbus dramatically out-performed Boeing at Farnborough, scoring 266 orders. While fewer than the 826 it reaped during last year’s Paris air show, Airbus is not battling a crisis like Boeing, allowing its executives and engineers to relentlessly focus on fulfilling orders.
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