Plane manufacturers are looking at drastic reductions in wide-body manufacturing amid a tumble in demand for the industry’s largest aircraft, manufacturing and supplier sources stated Thursday.
Deliveries of long-range jets just like the Boeing 777 or 787 and Airbus A350 or A330 have been severely struck as airways seek deferrals and many withhold progress payments.
Airbus faces doubtless cuts in wide-body jet manufacturing; however, no decision has been taken, the sources stated.
UK-based consultancy Ascend by Cirium has estimated a total surplus of some 5,000 commercial jets of all sizes once the mud settles from the industry’s worst-ever crisis.
Boeing Chief Executive Officer Dave Calhoun told staff Thursday that the corporate would take steps to balance supply and demand, without elaborating.
“It will take time for the aerospace sector to recover from the disaster,” he stated in a letter to staff, including the commercial market, which would evolve in the future.
“We will need to offset the supply and demand accordingly as the sector goes through the revival process for years to come,” he mentioned.
Airbus Chief Executive Officer Guillaume Faury stated last month that the European plane manufacturer would also modify supply in the event that airlines fail to take their planes.