Boeing chief says high oil prices 'an opportunity': report
US aircraft giant Boeing's CEO James McNerney said that soaring oil prices are an "opportunity" which will speed up orders for new aircraft consuming less fuel.
By Agencies |
PARIS: Soaring oil prices are an "opportunity" which will speed up orders for new aircraft which consume less fuel, the chief executive of US aircraft giant Boeing James McNerney said in an interview published on Sunday.
"The high price of oil is speeding up the process of the oldest, least efficient planes being taken out of service because they are no longer profitable," he said.
"We are already seeing it in the United States and it is starting to happen in Europe," he said, adding that the phenomenon was "an opportunity" which "will speed up orders for more recent models, which consume 30 to 40 per cent less than the oldest planes still in service."
Acknowledging that "the current period is clearly difficult" for airlines, McNerney said no orders had been cancelled to date and that while some airlines would need help in buying new planes Boeing would "support them through its financial services subsidiary."
He also told that Boeing planned to launch a successor to its 737 "at the end of the next decade" with the aim of producing a plane "15 per cent more economical" than existing aircraft.
"The high price of oil is speeding up the process of the oldest, least efficient planes being taken out of service because they are no longer profitable," he said.
"We are already seeing it in the United States and it is starting to happen in Europe," he said, adding that the phenomenon was "an opportunity" which "will speed up orders for more recent models, which consume 30 to 40 per cent less than the oldest planes still in service."
Acknowledging that "the current period is clearly difficult" for airlines, McNerney said no orders had been cancelled to date and that while some airlines would need help in buying new planes Boeing would "support them through its financial services subsidiary."
He also told that Boeing planned to launch a successor to its 737 "at the end of the next decade" with the aim of producing a plane "15 per cent more economical" than existing aircraft.
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