Boeing and Airbus are ratcheting up production of narrowbody aircraft to excessive and unsustainable rates, according to many industry insiders at an aircraft conference here.
Boeing and Airbus are ratcheting up production of narrowbody aircraft to excessive and unsustainable rates, according to many industry insiders at an aircraft conference here.
Boeing decidedly doesn't think so, and is determined to build jets at full speed ahead.
The pessimistic view is held by many airplane buyers at the annual conference of the International Society of Aircraft Traders, which opened Monday.
"We are in a bubble," Adam Pilarski, a respected industry analyst with consulting firm Avitas, told his audience of airplane lessors and financiers.
He said the announced production rates of 42 single-aisle jets per month from each plane-maker by 2014 would result in 5,000 more narrowbody jets being built over the next 20 years than the two companies' own forecasts predict will be needed.
But he said in a later interview that Boeing's plans to accelerate production make strategic sense. " "You still want to enjoy it while it lasts. Why not? Eventually the bubble bursts — too bad. If I were Boeing or Airbus I'd do exactly the same thing."