Expect supply chain shortages through 2024, says Boeing

Robert Besser
26 May 2023, 18:38 GMT+10

Boeing Chief Executive Dave Calhoun said sector-wide supply chain problems that have hampered global jetliner production might not be solved before the end of 2024
Calhoun previously reported progress in tackling supply chain issues in April, repeating his November forecast that "significant supply chain improvement was unlikely until well into 2024"
The recent manufacturing problems with the best-selling 737 narrow-body jet will not postpone those production schedules for more than maybe a month or a month and a half

ALEXANDRIA, Virginia: Boeing Chief Executive Dave Calhoun said sector-wide supply chain problems that have hampered global jetliner production might not be solved before the end of 2024.

Referring to Boeing and its main European rival Airbus, while attending the Qatar Economic Forum hosted by Bloomberg in Doha, Calhoun said, "Priority one for the two airplane manufacturers is stability."

"We have to resolve the supply chain issues and the surprise associated with it; and we have to resolve it sort of once and for all. That is not a short-term job. It sounds like it might be, but I think it could take all of this year and probably all of next year," Calhoun added, according to Reuters.

Calhoun previously reported progress in tackling supply chain issues in April, repeating his November forecast that "significant supply chain improvement was unlikely until well into 2024."

The recent manufacturing problems with the best-selling 737 narrow-body jet will not postpone those production schedules for more than "maybe a month or a month and a half," he added.

Speaking on the same panel, Qatar Airways Chief Executive Akbar Al Baker urged aircraft manufacturers Boeing, Airbus and Brazil's Embraer to "start looking now, without waiting for each other, to trigger the next wave of innovation."

"It is very important that they should now think about introducing something new into the industry," he said.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sacramento Sun.

More Information

79 ℉

Fair in Sacramento/Executive

Business

Section

Nasdaq Composite leads U.S. stocks higher, gains 134 points

NEW YORK, New York - U.S. stocks moved higher Thursday as investors and traders took a break from their recent ...

As Portugal sells TAP airlines, Lufthansa says too early for buyout

LISBON, Portugal: Carsten Spohr, Chief Executive of Lufthansa, has said that as Portugal's government is still debating whether to sell ...

Technology stocks falter as Dow Jones maintains the course

NEW YORK, New York - U.S. stocks were divided on Wednesday, with the technology and industrial sectors parting ways.Tech stocks ...

Industry watching as new Spider-Man movie takes in $120.5 million

HOLLYWOOD, California: More than tripling the debut of its 2018 animated original predecessor, Sony Pictures' "Spider-Man: Across the Spider-Verse" opened ...

Airbus awaits record 500 jet order from IndiGo

PARIS, France: European plane manufacturer Airbus is reported to be close to a record agreement to sell 500 narrow-body jets ...

US companies to pay $1.18 billion for chemicals in water

TRAVERSE CITY, Michigan: DuPont, Chemours and Corteva have reached an agreement to pay $1.18 billion to resolve complaints of causing ...

International

Section