Major aircraft lessor Avolon says Boeing has 'lost its way'

The head of the world's second-largest aircraft leasing company said on Thursday Boeing had "lost its way" and might need new leadership to fix a flawed culture that overshadowed its revival. The comments by Avolon CE Domhnal Slattery represented a rare public rebuke of Boeing by a significant customer, albeit one that cancelled orders for over 100 737 MAX jets during the COVID pandemic. Boeing declined comment. "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 who together own most of the world's passenger jets. "Boeing has to fundamentally re-imagine its strategic relevance in the marketplace," he said, adding that this would require "fresh vision, maybe fresh leadership." However, he said the issues could eventually be resolved. "I have faith that they will figure it out," Slattery said.<br/>