May 21, 2024
7:35:30am
Everyman All-American
Boeing’s situation continues to worsen.
Last month, it received a total orders of 7 new planes and cancelations of 33 existing planes, on order.

Yesterday, the Saudi Arabia state-owned airlines placed an order for 105 planes. Even though a third of its fleets are Boeing aircrafts the entire new order wasfor Airbus planes.

Several weeks ago, JAL and Korean Air, whose fleets were heretofore all-Boeing, placed orders that, for the first time, included Airbus.

In the first four months of 2024, Boeing delivered 107 planes; Airbus deliveries totaled 203.

Boeing is burning through cash while Airbus is posting record profits.

While Boeing is trying to get its act together, CEOs of long-time clients are publicly harping that their operations are hampered because of continued production and certification delays.

Everyman
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Everyman
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