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Boeing Delays New Jet Until Late 2030s
20 Jul
Summary
- New single-aisle jet launch postponed until the late 2030s.
- CEO cites financial readiness and current airline demand.
- Focus remains on stabilizing existing programs and finances.
Boeing has announced that its next-generation single-aisle jet will not be available until approximately the end of the 2030s. CEO Kelly Ortberg stated that the company's current financial state does not support the substantial investment needed for developing an entirely new commercial aircraft.
Furthermore, Ortberg noted that airline demand has not yet reached a critical point requiring an immediate successor to the 737 Max. Boeing's immediate focus is on enhancing production and delivery for its existing aircraft programs, particularly the 737 Max, which forms the core of its narrow-body offerings.
The company is experiencing continued demand for the 737 Max, evidenced by a recent order for 100 aircraft from SMBC Aviation Capital. This indicates that Boeing is making strides in overcoming recent financial and operational challenges, as the CEO suggested the company is "turning the corner."
