Boeing seeing widebody demand return - exec Deal
Reuters
Published Jun 16, 2022 10:06AM ET
Updated Jun 16, 2022 10:56AM ET
LONDON (Reuters) -Boeing has seen demand for widebody jets including for freighters recover, starting to follow the already strong demand for narrowbody planes, its head of Commercial Airplanes said.
Stan Deal told the Aviation Club UK that while there were some negatives on the horizon, such as the war in Ukraine and surging rates of global inflation, the market as a whole was recovering strongly.
"All of a sudden we've gone from a deep slowdown to a rapid acceleration," he said. "We're seeing now more demand for wide body."
"Interestingly, it kind of started with the U.S. and then the Middle East and even into Europe.
"Not having the widebody totally synchronised to the narrowbody demand return has been a bit of help."
He added that the next major challenge for the industry was the resilience of the supply chain. "Bringing that back is proving to be a bigger task. But I think it's a momentary issue."
On a tight jobs market he added that he expected staff shortages to correct itself in the airline sector over time.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.