Demand for airplanes is strong and can proceed to enhance as airways search to switch growing old fleets, purchase extra environment friendly fashions and proceed to see passenger development, Boeing (NYSE:BA) CEO Dave Calhoun advised Reuters on Monday.
“Demand for airplanes is as strong as I’ve ever seen it… [It’s] greater than a bubble,” the CEO reportedly mentioned on the firm’s new headquarters in Arlington, Virginia.
Calhoun mentioned Boeing (BA) didn’t think about relocating its headquarters again to Seattle, the place it had been based mostly till its transfer to Chicago in 2001; the corporate is headed for Virginia as a result of “our greatest buyer on the planet is correct throughout the way in which – the Pentagon.”
The CEO additionally famous Boeing’s (BA) new prime location is in an Arlington workplace it has had since 2014 the place it has important unused area, and which sits simply blocks from Amazon’s “HQ2,” which is beneath development.
Solely a handful of prime executives together with Calhoun and the CFO will probably be based mostly in Virginia, the CEO mentioned, explaining that 70% of my day regardless of the place I’m is digital anyway as a result of I run a big distributed firm.”
Requested about any motion on makes an attempt to renew extra airplane deliveries in China, Calhoun advised Reuters he “stays constructive… sometime good issues will occur, however I am unable to inform you the day.”
Boeing (BA) shares closed -8.7% on Monday for his or her lowest close since March 2020 and have shed nearly 18% during the past four days.