financetom
Business
financetom
/
Business
/
Emirates boss slams planemaker "hand-wringing" over supply chain woes
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Emirates boss slams planemaker "hand-wringing" over supply chain woes
Jun 1, 2025 1:29 AM

NEW DELHI (Reuters) -The head of the world's largest international airline, Dubai's Emirates, voiced frustration on Sunday over chronic aerospace supply problems, challenging planemakers to take responsibility for late suppliers.

Leading plane manufacturers Boeing ( BA ) and Airbus are months and years behind on new plane deliveries, frustrating airlines which want to upgrade to more fuel-efficient aircraft and launch new services.

"I am pretty tired of seeing the hand-wringing about the supply chain: you (manufacturers) are the supply chain," Emirates President Tim Clark said at a news briefing on the sidelines of an airline industry summit.

Emirates has orders for 205 of Boeing's ( BA ) 777X model jets, which have not yet received certification from the U.S. Federal Aviation Administration. Deliveries of the 777X are set to start in 2026, six years behind schedule.

Clark saw a "glimmer of hope" over the certification of new planes, and that Boeing ( BA ) was indicating cautious optimism over its recovery in top-level meetings with the planemaker, he told an annual meeting of the International Air Transport Association (IATA).

Last week, sources told Reuters that Airbus has been warning airlines it faces another three years of delivery delays in working through a backlog of supply-chain problems.

Emirates has not yet seen a shift in demand patterns as a result of U.S. President Donald Trump's recent tariff moves, Clark added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cineplex Chief Executive Ellis Jacob to Retire at End of 2026
Cineplex Chief Executive Ellis Jacob to Retire at End of 2026
Jun 27, 2025
08:32 AM EDT, 06/27/2025 (MT Newswires) -- Cineplex ( CPXGF ) on Friday said that longtime President and Chief Executive Ellis Jacob will retire on December 31, 2026. In the interim, Jacob will continue to lead Cineplex ( CPXGF ) and assist the transition to a new leadership structure, a statement said. ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Update: Market Chatter: Meta Platforms Criticizes EU Over Antitrust Ruling, Warns of Unfair Treatment
Update: Market Chatter: Meta Platforms Criticizes EU Over Antitrust Ruling, Warns of Unfair Treatment
Jun 27, 2025
08:25 AM EDT, 06/27/2025 (MT Newswires) -- (Updates with Meta's comment in the seventh and eighth paragraphs.) Meta Platforms ( META ) has pushed back against EU regulators, accusing them of unfairly targeting its business model and shifting expectations as it tries to comply with the Digital Markets Act, Reuters reported Friday. The European Commission recently warned Meta that it...
Lyra Therapeutics Launches $15 Million Direct Offering, Concurrent Private Placement; Shares Fall Pre-Bell
Lyra Therapeutics Launches $15 Million Direct Offering, Concurrent Private Placement; Shares Fall Pre-Bell
Jun 27, 2025
08:27 AM EDT, 06/27/2025 (MT Newswires) -- Lyra Therapeutics ( LYRA ) said Friday it launched a direct offering to sell 423,372 shares or pre-funded warrants as a substitute, and a concurrent private placement of warrants for the purchase of 846,744 shares of common stock, priced at-the-market. The combined effective purchase price for each share and associated private placement warrant...
Copyright 2023-2026 - www.financetom.com All Rights Reserved