Stock

Emirates Airline says ‘wings clipped’ by Boeing delays

By Federico Maccioni

DUBAI (Reuters) – Emirates Airline is a “frustrated entity” because of a lack of planes, the carrier’s president said on Wednesday, adding that it would now have an 85-strong fleet of Boeing (NYSE:BA) 777-9X jets if the planemaker had been able to deliver them on time.

“We are expansionists, as you know. And we’ve had our wings clipped,” Tim Clark told reporters at an event to mark delivery of Emirates’ first Airbus A350 aircraft.

Emirates, the Middle East’s biggest airline, has increasingly voiced its displeasure over delays and uncertainty plaguing delivery of the 777-9X jets, which were exacerbated by a weeks-long strike by Boeing factory workers.

Asked if there were any plans to review the orders in light of the delays, Clark said the company would just wait and see.

“I’m hoping that with the $21 billion they’ve just had injected into the company and the end of the strike, they’re now working over the next few months to sort out what they’re going to do. We watch that very closely,” he said.

Boeing’s new CEO said in October that the planemaker had told customers it expects first delivery of its 777X in 2026, owing to challenges in development, a flight-test pause and the work stoppage.

Clark also said that the new Airbus A350 aircraft would drive the next phase of Emirates’ growth, enabling it to consider new destinations.

This post appeared first on investing.com

You May Also Like

Economy

A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

Editor's Pick

Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz (D) will face off Tuesday night at a CBS News vice-presidential debate in New York....

Investing

Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

Latest News

A North Korean defector who escaped to the South more than a decade ago was detained after attempting to cross back into North Korea...

Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 balanceandcharge.com

Exit mobile version