Aircraft lessor Avolon says Boeing has “lost its way.”
The head of the world’s second-largest aircraft leasing company said Thursday that Boeing had “lost its way” and may need new leadership to fix a company culture that had become “totally warped.”
The comments by Avolon CEO Domhnal Slattery represented a rare public rebuke of Boeing by a major customer, Reuters reported.
→ Boeing 787 deliveries to resume second-half 2022.
“I think it’s fair to say that Boeing has lost its way,” Slattery told the Airfinance Journal conference in Dublin, a gathering of the world’s aircraft lessors.
“Boeing needs to fundamentally reimagine its strategic relevance in the marketplace. This would require a new vision, perhaps new leadership.”
Boeing shares fell last week to their lowest level in nearly a year and a half after the U.S. aircraft maker posted quarterly losses, disclosed $2.7 billion in charges and added costs and expressed doubts about meeting 737 MAX delivery targets.
→ Virgin Australia to add 4 Boeing 737 MAX 8 jets.
Boeing also announced it was halting production of the 777X until 2023 and did not specify when it would resume deliveries of its key 787 Dreamliner twin-aisle model.
“They are burning cash at an unprecedented level,” Slattery said.
Boeing’s culture has become “totally twisted,” but that the problems could eventually be resolved. I have faith that they will work it out,” Slattery added.
Related Topics
Delta Strengthens Its Presence in Boston with New Nonstop Routes to Madrid and Nice
LOT Polish Airlines Reveals Cabins of Its New Airbus A220
Finnair to Fly to Florence, Catania, Valencia, and Kos in Summer 2026
Boeing Moves Up Deliveries: Ryanair to Receive 25 New 737 MAX Jets Earlier Than Planned
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.