Airbus, Boeing aircraft delayed by supply chain woes: Udvar-Hazy
Air Lease Corp.’s Executive Chairman Steven Udvar-Hazy is frustrated with Airbus and Boeing. The lessor faces delivery delays for “every one of our single-aisle” aircraft from the two major airframers as supply chain issues mount. “The supply chain, starting with the engine manufacturers, the people that make landing gear … the people that make bits and pieces, are not equipped today to meet the production goals,” Udvar-Hazy said in a wide-ranging conversation at the ISTAT Americas conference on Tuesday. He added that he only found out “this morning” — March 8 — that all of ALC’s 2022 Max deliveries are delayed. The delays average a month. The lessor is scheduled to take delivery of 27 Airbus A320neo-family and 33 Boeing 737-Max family aircraft this year, according to its 2021 annual report released in February. All of the aircraft are already placed with customers. The latest narrowbody delays raise series questions about the airframers’ plans to raise production rates. Airbus aims to deliver 720 commercial aircraft, and Boeing as many as 500 aircraft in 2022 — both represent double-digit increases over last year. And both companies have ambitious goals to ramp production to a combined 110-120 A320neo and 737 Max monthly over the next few years. Executives for neither planemaker have said the increases will be easy, but see the targets as achievable. Cowen & Co. analyst Cai von Rumohr also questions Boeing’s delivery targets. In a report Tuesday, he said the 500 aircraft target increasingly looks “like a stretch” and cited the planemaker’s weak February numbers when it delivered just 20 aircraft. Asked whether Boeing’s relationship with the FAA is delaying the Max, Udvar-Hazy said no and again pointed to the airframer. Boeing needs to “get their act together,” he said. This is not to say FAA relations are not negatively affecting Boeing and its customers. ALC has no view on when the airframer will resume 787 deliveries, Udvar-Hazy said and called a summer resumption “optimistic.” The departure of FAA Administrator Steve Dickson on March 31 has left the agency a “headless ship” amid rework on the 787, certification of the 737 Max 7 and 10, and the 777X program. “This is all because of the Max, and what Boeing did with the Max,” he said of the slow pace of the FAA.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-03-09/general/airbus-boeing-aircraft-delayed-by-supply-chain-woes-udvar-hazy
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Airbus, Boeing aircraft delayed by supply chain woes: Udvar-Hazy
Air Lease Corp.’s Executive Chairman Steven Udvar-Hazy is frustrated with Airbus and Boeing. The lessor faces delivery delays for “every one of our single-aisle” aircraft from the two major airframers as supply chain issues mount. “The supply chain, starting with the engine manufacturers, the people that make landing gear … the people that make bits and pieces, are not equipped today to meet the production goals,” Udvar-Hazy said in a wide-ranging conversation at the ISTAT Americas conference on Tuesday. He added that he only found out “this morning” — March 8 — that all of ALC’s 2022 Max deliveries are delayed. The delays average a month. The lessor is scheduled to take delivery of 27 Airbus A320neo-family and 33 Boeing 737-Max family aircraft this year, according to its 2021 annual report released in February. All of the aircraft are already placed with customers. The latest narrowbody delays raise series questions about the airframers’ plans to raise production rates. Airbus aims to deliver 720 commercial aircraft, and Boeing as many as 500 aircraft in 2022 — both represent double-digit increases over last year. And both companies have ambitious goals to ramp production to a combined 110-120 A320neo and 737 Max monthly over the next few years. Executives for neither planemaker have said the increases will be easy, but see the targets as achievable. Cowen & Co. analyst Cai von Rumohr also questions Boeing’s delivery targets. In a report Tuesday, he said the 500 aircraft target increasingly looks “like a stretch” and cited the planemaker’s weak February numbers when it delivered just 20 aircraft. Asked whether Boeing’s relationship with the FAA is delaying the Max, Udvar-Hazy said no and again pointed to the airframer. Boeing needs to “get their act together,” he said. This is not to say FAA relations are not negatively affecting Boeing and its customers. ALC has no view on when the airframer will resume 787 deliveries, Udvar-Hazy said and called a summer resumption “optimistic.” The departure of FAA Administrator Steve Dickson on March 31 has left the agency a “headless ship” amid rework on the 787, certification of the 737 Max 7 and 10, and the 777X program. “This is all because of the Max, and what Boeing did with the Max,” he said of the slow pace of the FAA.<br/>
