Lessor SMBC sees progress at Boeing, Airbus, still a 'way to go'

Sumitomo

22/05/2025 07:35

DUBLIN, May 22 (Reuters) - Boeing BA.N and Airbus AIR.PA are making progress in stabilising production but there is still "a way to go" to get a stable, predictable production cycle, the head of aircraft leasing giant SMBC Aviation Capital said on Thursday.

"I was actually there (at Boeing) a few weeks ago. I certainly felt that the corner was turned and I don't say that lightly. There's more to go but I do think they are absolutely travelling in the right direction," Peter Barrett told Reuters.

"Airbus also has made progress."

 (Reporting by Padraic Halpin and Tim Hepher, Editing by Louise Heavens)

 ((padraic.halpin@thomsonreuters.com; +353 1 500 1504; Reuters Messaging: padraic.halpin.thomsonreuters.com@reuters.net))