The American company Boeing Co. issued a warning that supply disruptions might affect the aerospace sector for more than five years, delaying airline deliveries and impeding the recovery from the Covid-19 pandemic. At the Qatar Economic Forum in Doha, CEO Dave Calhoun and Qatar Airways CEO Akbar Al Baker were both presenting on a panel. Calhoun remarked of Al Baker, “He can see supply chain constraints for a very long time.”
If the firm’s backlogs would indicate supply constraints that far out, as they do, then it must be further out. The backlogs at the firm span 5 to 6 years. While airlines scream for new jets to keep up with the spike in travel demand, aircraft manufacturers have struggled to increase output. While Boeing and its bitter competitor Airbus SE attempt to increase production, the output is constrained by component shortages. In order for the industry to ramp up output rates, according to Calhoun, it must first achieve what he called stability, which will take approximately a year and a half.
Boeing Company issued a warning that supply disruptions might affect the aerospace sector
Al Baker claimed that in addition to new jet delivery delays, existing fleet supply problems are a problem, requiring airlines to ground some aircraft that require spare components for anything from engines to avionics. The epidemic is to blame for everything.
According to Calhoun, neither Airbus nor Boeing will begin producing all-new aeroplane models until 2035 because the necessary propulsion technology won’t be ready in time to justify the significant investments necessary to increase fuel efficiency by 20 to 30 per cent earlier.
The two executives rejected the idea that the industry will soon be able to use hydrogen-powered aircraft to meet its net zero carbon emission goals, saying that the technology wouldn’t be fully developed until the second part of this century. They claim that until then, the industry must rely on so-called sustainable aviation fuel, which is chemically comparable to regular jet fuel and doesn’t necessitate the extraction of more petroleum.
The two executives rejected the idea that the industry will soon be able to use hydrogen-powered
The Boeing delegation recently met with Nirmala Sitharaman, the minister of finance. She told the Boeing delegations on Tuesday that India’s aircraft industry is expanding quickly and offers potential for foreign businesses to tap into the captive market as well as a chance to establish a foothold there and service the region as a whole.
The airline operated by the Tata Group, Air India, announced in February of this year that it had reached an agreement to purchase 470 aircraft for an estimated 80 billion dollars from Boeing and Airbus. According to the American government’s assessment, the order, which was the third-largest transaction for Boeing, will generate up to 1 million opportunities for employment throughout forty-four states in the US.
In the context of India’s geographical advantage, Finance Minister Nirmala Sithraman emphasized India’s focus on repositioning itself as an MRO hub that can potentially serve the region from Europe to Africa to Far East, Sitharaman tweeted.