💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Qatar Airways talks to Boeing after more Airbus A320 problems

Published 04/25/2016, 09:57 AM
© Reuters. Undelivered Airbus A320neo without their engines seen parked at Toulouse Airport, Southwestern France
BA
-
AIR
-
RTX
-

DUBAI (Reuters) - Qatar Airways is speaking to Boeing (N:BA) to secure substitute aircraft after further problems were discovered with the Airbus A320neo (PA:AIR), the airline's chief executive said on Monday.

The Gulf airline could walk away from between four and six aircraft orders that have yet to be delivered after problems affected the A320s hydraulics and software, Akbar al-Baker told reporters at a media roundtable in Dubai.

Baker criticized U.S engine maker Pratt & Whitney (N:UTX) last month, saying the engines it supplied for the A320neo were inadequately tested for the high temperatures experienced in the Gulf region.

"They have indicated they will have all those fixes by the end of the year," Baker said of Airbus on Monday.

"We have talked to Airbus, they know very well that we're a very unhappy, very unhappy customer."

© Reuters. Undelivered Airbus A320neo without their engines seen parked at Toulouse Airport, Southwestern France

Baker said it could turn to the Boeing 737NG as a replacement, noting the U.S. aircraft maker was "trying to oblige and give us the aircraft that we require".

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.