Boeing expects to work through the many problems in its airliners and defense businesses by 2026, but CEO David Calhoun said Boeing won’t develop a new jetliner in the next five to six years—and will only roll out one in the mid-2030s if it has the tech to significantly cut carbon emissions.
... [+]Dmitri Lovetsky/Associated Pressexpects to work through the many problems in its commercial airplane and defense businesses by 2026 and start returning cash to investors, but CEO David Calhoun said the company won’t develop a new jetliner in the next five to six years—and will only roll out one in the middle of the next decade if it has technology to significantly improve fuel efficiency and reduce carbon emissions.
In a presentation for investors Wednesday, Calhoun said the extent to which the company can reduce emissions “might be the long pole in the tent” for when it rolls out a new middle-of-the-market airliner, which analysts believe Boeing needs to compete with Airbus’ hot-selling long-range, single-aisle A321XLR. If Boeing can’t deliver much greater efficiency, “we may not do it,” Calhoun said.
Boeing’s next airliner may be designed to fly autonomously, Calhoun said, though it may not operate without pilots from the start. He said that Wisk, a California-based company in which Boeing owns a controlling stakeintended to serve as an air taxi, is the company’s key avenue for developing autonomous flight technology.
Calhoun said he doesn’t expect air taxis to be big sellers and “won’t move the needle,” but bringing Wisk’s aircraft to market will “educate the FAA” on how to certify the safety of autonomous aircraft, paving the way for the use of the technology in higher impact ways. Calhoun and CFO Brian West sought to provide Wall Street with a detailed forecast for the first time since before the grounding of the 737 MAX in 2019, elaborating on their declaration in their discussion of
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