The $15 billion jet dilemma facing Boeing’s CEO

The $15 billion jet dilemma facing Boeing’s CEO
# 02 June 2021 18:01 (UTC +04:00)

Boeing Co CEO Dave Calhoun faces a multibillion-dollar dilemma over how to rebuild sales in its core airliner business that has sparked an internal debate and put the future of the largest U.S. exporter on the line, industry insiders say, APA reports citing Reuters. 

Boeing is reeling from a safety scandal following crashes of its 737 MAX airliner and an air travel collapse caused by the pandemic. Those crises have overshadowed a deeper, longer term risk to the company's commercial passenger jet business.

Boeing's share of the single-aisle jetliner market - where it competes in a global duopoly with Airbus - has faded from some 50% a decade ago to roughly 35% after the 737 MAX's lengthy grounding, according to Agency Partners and other analysts.

Airbus' (AIR.PA) single-aisle A321neo has snapped up billions of dollars of orders in a recently booming segment of the market, as the largest MAX variants struggled to block it.

#
#

THE OPERATION IS BEING PERFORMED