Boeing CEO Kelly Ortberg told CNBC that the planemaker will need 'a couple more years' to repair its finances before launching a new commercial jet:
Ortberg noted that airline customers are advising Boeing to focus on improving the reliability and production of its current lineup rather than introducing a new model:
He also emphasized that a new plane to better compete with Airbus's A320 family will be crucial for Boeing's future business:
Boeing must clear three hurdles before committing to a new aircraft program:
- First, they need to be ready, which includes getting their financial house in order;
- The technology needs to be ready to introduce a new airplane;
- They need to see sufficient market demand;
It is important to note that Boeing and Airbus are currently competing in the large commercial aircraft market:
