Page 6 - AAA MAY / JULY 2024 Digital Magazine | GBP
P. 6
shareholders and the country
more broadly.” He added that
“by reintegrating Spirit, we can
fully align our commercial pro-
duction systems, including our
Safety and Quality Management
Systems, and our workforce to
the same priorities, incentives
and outcomes – centered on
safety and quality.”
Airbus will acquire, subject to 787-production rate slowed by requiring re-work.
definitive agreements commer- part shortages to just 5/month.
cial work packages that Spirit Bernstein said that “the prior On the order front
performs for Airbus concurrently goal of 10/month by year end Airbus appears to be in
with the closing of the Boeing- has been moved back to early
Spirit merger. In addition, Spirit 2026.” the poll position with
will sell off some of its opera- Cebu Pacific announc-
tions, including those in Belfast, Airbus is not immune to the ing its commitment
Northern Ireland (non-Airbus supply chain problems and last to 150 A321neos in
operations), Prestwick, Scotland, month announced a reduction of
and Subang, Malaysia. 2024 deliveries due to the wors- the last week of June.
ening supply chain challenges, Other large orders are
The Spirit deal can’t which also led to push-out of 75/ rumoured from such
come soon enough month A320 production to 2027. airlines as Turkish
with deliveries of the Airbus now expects 770 deliv- Airlines and Qatar
eries in 2024 down from 800
737 fuselages slowed previously. Airways.
to a trickle as Spirit
resolves produc- In its report “Fallout from Airbus With Boeing’s 777X now
Announcement-Implications
tion quality issues. for the Industry, Bernstein said appearing to be on track for
certification and EIS in 2026 it
According to New that “the delivery delays were could expected that the aircraft
York based analysts attributed to aerostructure part may attract order interest at
Bernstein the Boeing suppliers, engine delays, and the Farnborough International
interiors” with engine short-
Airshow particularly after
goal is to reach a 38/ falls added to the list of issues. Emirates massive commitment
month rate by year Bernstein said that “in Q1 and at last year’s Dubai Air Show.
end, with the pickup in 2023, engines appeared Emirates ordered 55 additional
to be primarily in H2. reasonably on track. But, GE Boeing 777-9s and 35 777-8s
(not covered) has highlighted
bring Emirates’ total 777X orders
Boeing hopes to get supply chain issues and Pratt to 205. Boeing 777 and 777X
to 50/month in 2026, & Whitney (RTX) has had chal- backlog now stands at 539.
although Bernstein lenges on the GTF.” However,
says it is skeptical, it says that it believes that the Renewed interest has been
building for the 777X with
shortfalls on CFM’s LEAP (GE
“particularly given and Safran) “are likely to be rela- Ethiopian ordering eight in
challenges Spirit had tively small.” March and three other unan-
even pre-grounding.” By way of contrast Boeing nounced orders for 1, 20 and 3
placed in the past few months.
expects to deliver 400 aircraft The customers for the most
And Boeing’s problems don’t this year and many of those are recent purchases may be
end with the 737 with the from inventories of 737 and 787s revealed at Farnborough.
6 | MAY - JULY 2024 WWW.GBP.COM.SG/AAA
