Boeing production woes 'will get resolved' says major customer Avolon

Boeing's production difficulties will "get resolved", its 737 MAX 10 aircraft will get certified and the impact of US regulators freezing a planned production ramp-up will be minimal this year, the head of major customer Avolon said. In the medium term, however, tighter regulation will cause delays and it could take until the end of the decade for the industry to make up the production shortfall experienced since the start of the COVID-19 pandemic, Avolon CEO Andy Cronin said. The FAA Wednesday froze planned increases in production of the 737 MAX following the blow-out of a panel on an Alaska Airlines Boeing jet, raising concerns for airlines and suppliers worldwide. Avolon, the world's third-largest aircraft lessor and a major Boeing customer with over 100 MAX aircraft on order, said it was not concerned about the plane's safety, but regulators' increased focus on production was set to result in production delays. "They'll clearly be very cautious now," Cronin said.<br/>