Boeing, losing speed, supported by Washington

Multipling losses and setbacks in the commercial aviation sector, the aircraft manufacturer can count on the many contracts made by the American army to its defense and space branch.

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Another dry loss for Boeing. The American aircraft manufacturer announced, on the occasion of the publication of its quarterly results on Wednesday, April 27, a hole of $ 1.2 billion (around 1.13 billion euros). A new setback little appreciated by the financial markets, which sanctioned the manufacturer whose action lost 8.8 % during the session.

It must be said that the results of the commercial aviation activity are in constant fall. In the first quarter, turnover established $ 4.2 billion. Slightly decreased compared to the same period a year earlier. But in free fall in comparison of 2018, the last splendor year of Boeing. That year, “Commercial Boeing Aviation reached its peak with an annual turnover of $ 57 billion”, recalls Stéphane Albernhe, president of the consulting firm Archery Strategy Consulting. Since then, the fall has been spectacular. In 2020, commercial aircraft turnover had not exceeded $ 16 billion. He had straightened up last year to flirt with 20 billion.

delays and negligence

The big hours of Boeing seem a distant memory. Since the launch of its long-haul Dreamliner 787 in 2011, the American aircraft manufacturer has been set out with all its commercial aircraft programs developed afterwards. Barely more than a year after it puts on the market, the 787 was nailed to the ground for three months by the aviation authorities for battery problems that took fire in flight. Eleven years after its flight, the plane has still not found its profitability. Marketed in 2017, the Middle Currier 737 Max was immobilized for twenty-two months after two air disasters, in 2018 and 2019, which caused 346 passengers and crew members. Again authorized in Europe in January 2021, he received the green light from the Chinese authorities until a year later.

Finally, the brand new Long-Courrier 777x Grosseing of Boeing goes on trouble. While the first deliveries were scheduled in 2020, delays accumulate. And customers will have to be patient, because Boeing has just announced an additional postponement of the first deliveries, now planned for 2025. A period intended to meet the requirements of the American Federal Aviation Agency (FAA). She could have a lot to do. Launched in a race for profitability and dividends, Boeing accumulates negligence. Thus, on the occasion of the production of the KC-46 supply plane, “tools were” forgotten “in inaccessible parts of the aircraft”, deplores Mr. Albernhe. Worse, “metal shavings have even been discovered on electrical bundles, which could have triggered fires”, he adds.

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/Media reports.