For Boeing's continuous accidents, the global aircraft leasing giant Aercap can't sit still and issued a solemn warning to Boeing;
Boeing can't afford another accident.
Boeing must lower its financial priorities and prioritize the quality and safety of its aircraft.
This is a very blunt warning!
is to blame Boeing: blindly only care about making money, regardless of safety!
Headquartered in Ireland, Aercap is the world's largest aircraft leasing company.
In 2021, Aercap acquired GE's leasing business for more than $30 billion, and the world's two largest aircraft leasing companies will merge to become industry giants.
As of the end of September 2023, Aercap has:
1733 aircraft
Nearly 1000 engines
More than 300 ***
More than 300 customers
In the first three quarters of 2023, Aercap earned a net profit of 20$300 million, more than most airlines.
Nowadays, the recovery of the civil aviation market has not been long, and the good days of the leasing company have just begun.
Angus, CEO of aercap. Kelly said
In light of the two fatal crashes and a recent incident, Boeing must deprioritize its financial and chain goals.
The three accidents that Kelly refers to are:
On October 29, 2018, a Boeing 737 MAX 8 passenger plane with flight number JT610 crashed into the sea after taking off from Jakarta, killing all 189 people on board.
On March 10, 2019, an Ethiopian Airlines Boeing 737 MAX 8 crashed near Bischoftu, about 45 kilometers from the capital, shortly after taking off from the capital Addis Ababa, killing all 149 passengers and eight crew members on board.
On January 5, 2024, shortly after the departure of an Alaska Airlines Boeing 737 MAX 9 passenger plane from Portland, a closed hatch in the cabin near the left wing fell off.
Kelly thinks:
While he has always supported Boeing and its management, Boeing must now focus 100% on quality and safety metrics.
In this regard, financial metrics are completely secondary to the future of the company.
Aercap has a fleet of 53 MAX aircraft, including several Boeing 737 MAX 9s, all of which have been leased to other airlines.
In addition, Aercap has placed an additional order for 124 MAX aircraft.
If Boeing MAX has another problem, the impact on it will still be very large.
Hence Kelly emphasizes:
MAX is Boeing's backbone product, and it is important to troubleshoot issues in a short period of time to ensure the quality of the product.
Boeing can't afford a second accident
Kelly's warning is meaningful:
If there is another problem with the Boeing product line, it will be difficult for customers, especially Aercap, to buy their aircraft.
Now that there are frequent problems with the B737 aircraft, maybe the C919 opportunity of COMAC has arrived!