Boeing says next-generation narrow-body jet unlikely before late 2030s

Boeing does not expect to bring its next-generation single-aisle aircraft to market until the end of the next decade, as the US planemaker prioritises strengthening its finances and increasing production of its best-selling 737 family before committing to a costly new programme.

Speaking at the Farnborough Air Show, Boeing Chief Executive Kelly Ortberg said the company is not yet in a position to launch a new aircraft, with airlines continuing to favour the existing 737 model.

“The market is not quite ready for the new airplane,” Ortberg said in an interview with Bloomberg Television’s Guy Johnson. “The customers are telling us, let’s focus on the existing product.”

Ortberg said Boeing would need “another couple years” to increase production of the 737, allowing the company to “improve our positive cash flow and pay down some debt.”

“We want to be ready when the market’s ready,” the CEO said, adding that the new aircraft would probably launch “in the neighbourhood” of the end of the decade.

The timeline indicates Boeing is taking a cautious approach to replacing the 737, its most important commercial aircraft and a key source of revenue. The decision is closely watched by airlines and investors, as Boeing and Airbus continue to compete for dominance in the global single-aisle aircraft market.

Airbus has outlined a slightly earlier timetable, signalling it could introduce a successor to its A320 family in the early 2030s. Both manufacturers face the challenge of balancing technological readiness with continued demand for their current aircraft, while avoiding giving their rival a competitive advantage.

By Aghakazim Guliyev