As travel restrictions due to covid around the world ease and passengers begin to travel again, the airline industry across the globe seems to get on the path of recovery. Airbus, the European aircraft manufacturers is having an easier time as compared to its American rival Boeing. Boeing has been facing a lot of difficulties in getting back on track after getting hit by the impacts of the Covid-19 pandemic and other catastrophes surrounding it.
The Problems Surrounding Boeing
The ongoing five-day Dubai Air Show is the first major event for the aviation industry since the pandemic hit the world last year. Thus, it is the perfect opportunity for the globally dominant aircraft manufacturers to acquire new business. This year has already been good for Airbus as they have returned to making profits by delivering 460 aircraft until the end of October. Boeing on the other hand has just delivered 268 aircraft and is still lurking in losses.
Previously, the entire fleet of Boeing’s 737 MAX was grounded for 20 months due to crashes in Ethiopia and Indonesia that took the lives of 346 people and were resumed only last year. The Chief Executive of Boeing David Calhoun said that Boeing 737 MAX is still awaiting its recertification in China which is an important market for the American aircraft maker.
737 MAX wasn’t the only aircraft to face trouble as the Boeing 787 Dreamliner was suspended by the company itself when they found a series of problems with the plane which has already cost them around $1 Billion. Moreover, Boeing is facing an additional cost of around $6.5 Billion as it had to push back the launch dates of its upcoming 777X wide-body plane.
The forte of Boeing was the long-haul flights that were halted when the pandemic hit and the world went under strict travel restrictions. Almost all of the international travel was discontinued and it is still a while before international travel returns to normal statistics.
Airbus on the contrary has been doing well as domestic travel has seen a great recovery over the past few months. Narrow-body aircraft has been a strong point for Airbus forever and they are also unveiling their new single-aisle aircraft A321neo in Dubai. Airbus is also planning to launch the A321XLR which will be a long-range version of the former and would make Airbus the only player in the single-aisle, long haul market.