close
close

Boeing’s misfortunes are a “burden” for an entire sector – technology



Boeing's misfortunes are a

Technology


Boeing’s misfortunes are a “burden” for the entire sector



Follow on

Follow us on Google News


FRANKFURT (Reuters): Safety and quality problems revealed at Boeing after door plugs exploded earlier this year could shake travelers’ confidence in flying, the chief executive of rival Airbus said.

Christian Scherer, CEO of Airbus’ commercial aircraft division, told German weekly WirtschaftsWoche that the problems were a “burden for the entire industry.”

“Boeing’s problems may make more people question the safety of flying,” Scherer is quoted as saying.

Boeing has been under increasing pressure over factory inspections since Jan. 5, when an in-flight door plug sheared off a best-selling 737 MAX series jet in an accident caused by missing screws.

Scherer rejected claims that Airbus could raise prices for its jets as a result of Boeing’s problems, adding that pricing was driven solely by demand outpacing supply and that it was difficult to predict how the situation would develop in the future.

“I dare say that a sick competitor may behave in a relatively unpredictable way. If a company inadvertently ends up with dozens of planes in stock, a massive sale could ensue.”

Here are the stories to watch in business and finance in the week ahead.

‘; var i = Math.floor(r_text.length * Math.random()); document.write(r_text(i));