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 Salt Lake City Sun.

More Information

83 ℉

Fair / Windy in Salt Lake City

Business

Section

U.S. stocks make minor gains, Nasdaq Composite climbs 60 points

NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...

US Federal Reserve cutting 300 people from payroll

WASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...

Rite Aid may close over 400 stores, allow creditors to run operations

CAMP HILL, Pennsylvania: This week, the Wall Street Journal (WSJ) reported that Rite Aid could shut down some 400 to ...

US Transportation Secretary says New York's ATC needs more staff

WASHINGTON D.C.: U.S. Transportation Secretary Pete Buttigieg has criticized the air traffic control staffing shortages in New York as "unacceptable" ...

Will 'quiet the noise' in culture wars, Disney CEO tells investors

BURBANK, California: A note by Needham media analyst Laura Martin released this week revealed that CEO Bob Iger told investors ...

$14 billion takeover bid by JIP a success: Toshiba

TOKYO, Japan: This week, Toshiba revealed that a tender offer worth US$14 billion from Japan Industrial Partners (JIP) was a ...

United States

Section