Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Emirates boss says unhappy with Boeing delays in fixing 777X problems

Published 05/07/2024, 09:25 AM
Updated 05/07/2024, 11:26 AM
© Reuters.
BA
-

DUBAI (Reuters) - The chairman of Dubai carrier Emirates said on Tuesday he was not happy with Boeing (NYSE:BA), which he said had promised him that it would fix issues plaguing the U.S. planemaker, including its 777X program.

Emirates is the biggest customer of Boeing's 777X, which will be the industry's largest twin-engined jet with around 400 seats. But its entry into service has been delayed by about five years due to problems including certification delays.

Sheikh Ahmed bin Saeed Al Maktoum, a key member of Dubai's ruling family and member of government, said he believed the certification would now happen in the first quarter of 2025.

But he said the uncertainty over when it would be delivered was putting pressure on Emirates, by far the Middle East's biggest airline and which only uses large twin-engined jets.

Sheikh Ahmed said the airline would keep using existing jets for longer than expected as a result of the 777X delays.

"I'm not happy," he told reporters at the Arabian Travel Market tourism trade exhibition in Dubai.

"They promised they would do their best to fix it," he said of Boeing's new management when asked about the issues it faces.

Boeing is overhauling its management amid mounting pressure from airlines, regulators and investors as it grapples with a growing crisis following a January mid-air panel blowout on a 737 MAX plane.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.