Boeing focused on winning back public's trust: Executive VP Raymond

livemint.com:

Mint in an interview in New Delhi. “We have to just stay focused on that and not sort of get caught up in all the noise and people's opinions." Boeing reported a net loss of $1.44 billion in the June quarter, primarily due to major cash burn in its defence, space and security unit as a result of cost overruns. It reported a loss of $149 million a year earlier.

The investigation into the 737 MAX aircraft has also affected Boeing’s aircraft delivery rate as the US aviation regulator has restricted the production of MAX aircraft to 38 per month. However, output has been even lower than this on account of supply chain challenges. Delayed deliveries have affected MAX aircraft customers including Akasa Air and Air India Express in India.

“We just have to get to the point where those airplanes are more predictably being delivered to them (airlines). And we've struggled with that. So, what we're focused on is safety, quality and getting those airplanes certified so they can start to deliver.

Supply chain issues are slightly getting better. We are focused right now on getting MAX back to 38 (aircraft per month), getting all the inventory that was parked, delivered, and then getting B787 and B777," Raymond said. In India, Boeing faces tough competition from French aerospace company Airbus.

Since 2023, Indian carriers such as IndiGo, Air India, and Akasa have placed cumulative orders for 1,150 narrow-body and wide-body aircraft – 780 from Airbus and 370 from Boeing. The latest order for 30 wide-body aircraft was placed by IndiGo, an all-Airbus customer, in April after it ordered 500 narrow-body Airbus aircraft in June 2023. “We wish they would have chosen us.