Regulators have concluded Boeing should face criminal charges over safety issues on the 737. It is being sued over a midair blowout. And design faults have left a pair of astronauts stranded in space.the world’s most disaster-prone company
In response, Airbus should surely be seizing leadership of the industry. No one wants to see a rival fall apart and certainly not where aircraft safety is involved, but it is perfectly normal to push forward when a competitor is in trouble.Last week, Airbus shares dropped by 10 per cent as the company cut its forecasts for the year. Its chief executive Guillaume Faury admitted that it would only deliver 770 commercial aircraft this year, down from earlier forecasts of 800.
In reality, Airbus’s top team is looking very tired. Faury was appointed back in 2019 and in the five years since he has done very little to improve its performance. It is taking the market for granted. No one seems to be paying very much attention right now, but China is determined to become a major player in commercial aerospace., and while it may look suspiciously similar to an A320, it is steadily proving itself in the market.
Likewise, Boeing will recover eventually. The company may be in big trouble right now but it is in the “too big to fail” category. The US depends on it for defence, as well as for its industrial and export muscle. Its current leadership may be hopelessly inept, but sooner or later – and probably sooner – it will start to stage a recovery.
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