Airlines around the world are desperate for new jets, but there’s a problem of aircraft shortage. Boeing and Airbus have been struggling to keep up with the demand for new jets, and as a result, airlines are facing a critical shortage.
Airlines are in a tough spot. They desperately need new planes to keep up with the ever-growing demand for air travel, but there’s a shortage of new jets available. Boeing Co. and Airbus SE are months behind in handing over new single-aisle jets often used for U.S. domestic flights or other short-haul trips.
This is constraining, as demands of carriers for them to add more flights to meet the ever-growing demand and to plan their schedules.
Boeing is facing regulatory challenges for its latest two iterations of the B737 MAX, in addition to supply problems. If Boeing doesn’t solve the B737 MAX problem by the end of the year then according to current federal law it would require a cockpit overhaul if the planes aren’t approved in 2022.
“The demand for single-aisle jets to exceed the plane makers’ supply for at least the next three years.”Steven Udvar-Házy, executive chairman of Air Lease Corp.
Whereas, Airbus declined to comment but referred to recent statements by executives saying they are working through supply-chain difficulties. The company has noted that it expects meeting its delivery targets this year to be a challenge.
While both plane makers are about equally behind on deliveries, Boeing is further behind on producing new 737 MAX jets than Airbus is with its comparable single-aisle aircraft, according to Mr. Morris at Cirium.
Boeing CEO David Calhoun said the plane maker is pausing its 737 productions whenever suppliers run short on parts or provide defective components. Boeing, in contrast to Airbus, has said it wouldn’t produce new airplanes without engines.
In addition to newly minted jets, the manufacturer has been delivering from its inventory 737 MAX aircraft that were stored during a nearly two-year grounding that followed two fatal accidents in 2018 and 2019. Boeing said it is focused on meeting all regulatory requirements and that being thorough and transparent with the FAA will be a priority.
As of September 15, the agency had approved less than 10% of certain safety paperwork filed by Boeing, and the company hadn’t yet filed the initial versions of six such documents. Boeing said it is focused on meeting all regulatory requirements and that being thorough and transparent with the FAA will be a priority.
(With Inputs from The Wall Street Journal)