DUBLIN (Reuters) - Airbus and Boeing (NYSE:BA) will find it challenging to meet intermediate delivery targets this year on their way to ramping up production sharply in the coming years, an executive at U.S. lessor Aviation Capital Group said on Wednesday.
"I think the rate targets of Boeing and Airbus, particularly Airbus' 75 rate target (narrow-body jets a month by mid-decade) is going to be very challenging to achieve in the next few years," Aviation Capital Group Chief Procurement Officer Steven C. Udvar-Hazy told the Airline Economics conference in Dublin.
"You've got to hit intermediate rate targets in 2023 to get there and those are going to be challenging given where we see the supply chain."