10:23 AM EDT, 03/22/2024 (MT Newswires) -- Airbus (AIR.PA), Chief Financial Officer Thomas Toepfer said the French aircraft manufacturer is concerned with the numerous issues confronting US rival Boeing ( BA ) , the executive said Friday in a CNBC interview.

"We're not happy with the issues that our competitor's having," Toepfer said in the interview. "I think it's not helpful for the industry, and if it's not helpful for the industry, it's not helpful for Airbus,"

Boeing ( BA ) is facing scrutiny from recent incidents, including a malfunctioning door plug on a 737 Max 9 aircraft and two fatal crashes involving the 737 Max in 2018 and 2019. These events have raised concerns about the company's culture and quality control processes, the report said.

Concerns increased that aircraft manufacturers are speeding up production amid capacity challenges. Toepfer said Airbus is "obsessed" with safety issues and "therefore we have put even more scrutiny in terms of our production processes."

"We have even put more emphasis on the long-term investments that we're making in terms of products, but also technology," Toepfer said in the interview. "And I think that has served us very well in the past, we're continuing exactly along this path."

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