Leeham News and Analysis
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“Rise and Fall of Boeing and the Way Back” picked by Royal Aeronautical Society as a top book for Christmas
By Scott Hamilton
My book, “The Rise and Fall of Boeing and the Way Back”, has been named as one of its top picks of aviation books by the Royal Aeronautical Society for Christmas 2025.
“Following on from his previous Air Wars, which looked at Airbus vs Boeing rivalry, aviation journalist and analyst Scott Hamilton brings commercial aerospace up to date with a look at the rollercoaster ride that has been Boeing’s fortunes over recent years. How did a brand that personified American engineering excellence become so distrusted by customers, politicians, and even the general public? And more important – what are the ways back from this?” The RAS wrote.
This is the second time one of my books has been so named. (I’ve only written two books.) The first, “Air Wars, the Global Combat Between Airbus and Boeing”, was chosen when it was published in 2021.
“Rise and Fall” continues the story begun with “Air Wars.”
“Rise and Fall” may be purchased here.
“Air Wars” may be purchased here.
Mitigating mounting pressures in the global supply chain
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By Charlotte Bailey
Michael Haidinger, president of Boeing Germany. Credit: Leeham News, Charlotte Bailey.
Dec. 22, 2025, © Leeham News, Hamburg: “In today’s aerospace environment, which is marked by workforce challenges, evolving technologies, geopolitical risk, financial pressures, and industry consolidation, our supply chain deserves not just attention but requires true partnership,” says Dr. Michael Haidinger, president of Boeing Germany, Central and Eastern Europe.
“Over the last few years, [the global supply chain] has carried a tremendous load.”
Speaking at December 2025’s Aviation Forum in Hamburg, Haidinger acknowledged that the pressures present throughout a complex ecosystem continue to evolve. Recognizing that “integrating stability across the aerospace value chain is essentially the foundation of our long-term success,” the industry is nevertheless having to place renewed focus on inflationary pressures and geopolitical uncertainty as it looks to bolster its ongoing resilience.
For Boeing, this includes “working more transparently than ever with [its] suppliers” through a monthly supplier brief, sharing details of production plans, key performance indicators, and any changes that could impact planned production. “Transparency builds trust, and trust brings alignment,” he urged.
Boeing seeks ICAO exemption for 777-200LRF to offset 777-8F delays, MD-11F grounding
Dec. 19, 4:15pm CST: Updated with Boeing comment.
By Scott Hamilton
Dec. 19, 2025, © Leeham News: Boeing has asked the Federal Aviation Administration (FAA) to grant an exemption to the 2017 ICAO fuel efficiency rules that mean an end to production of the 777-200LRF freighter on Dec. 31, 2027.
Boeing seeks approval by May 1 next year.
“The requested relief will allow Boeing to meet anticipated customer demand and support the substantial public interest in the sustained transportation of air cargo prior to the 777-8F entering service. This petition therefore requests exemption of a total quantity of 35 777F airplanes until achievement of 777-8F first delivery and entry into service,” Boeing wrote in its filing today with the FAA.
FedEx is among the large users of the Boeing 777F. The airplane is scheduled to go out of production on Dec. 31, 2027, due to international regulations. Boeing has asked for an exemption to continue production. Credit: Fed Ex.
“Additional 777Fs are needed after January 1, 2028, to maintain an uninterrupted supply of large freighters to the market prior to the introduction of the 777-8F,” Boeing wrote. The company asked the FAA to extend the exemption outside the US.
Continued certification delays for the new generation 777X, including the 777-8F freighter, are the reason. Certification has been moved to a goal of 2026. Entry into service (EIS) of the passenger 777-9, the lead of the family, is now planned for 2027. EIS for the 777-8F has a goal of 2029, but some customers already believe this won’t happen until 2030. EIS of the passenger 777-8 follows the freighter by a year.
The 777-9 was supposed to enter service in 1Q2020, with the 777-8P two years later and the freighter two years after that. EIS for the freighter was moved up to be second once the FAA agreed to adopt the 2017 ICAO emission standards. The standards mean the end of production of the Boeing 767-300ERF and the 777-200LRF by the end of 2027.
Supply chain continues to bedevil Airbus, Boeing
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By Scott Hamilton
Dec. 8, 2025, © Leeham News: Supply chain difficulties continue to bedevil Airbus and Boeing deliveries this year.
Embraer also has had some impact from supply chain disruptions, but at a much lower rate.
November deliveries by Airbus and Boeing are lower than in September and October. Boeing delivered 53 and 55 aircraft, respectively—but only 42 in November.
Airbus and Boeing are struggling to meet production goals because the supply chain still can’t delivery parts and engines on time. In some cases, quality also is a factor. Photo Credit: Airbus.
Airbus delivered 78 aircraft in October and 73 in September. Defective panels delivered by a supplier, which Airbus did not identify, for the A320 family were discovered, impacting total November deliveries (72) and anticipated December deliveries. Airbus now expects to deliver 790 aircraft this year compared with its original guidance of 823. Airbus delivered 84 aircraft in November last year. Airbus needs to deliver 133 aircraft this month to meet its revised, lower goal.
In addition, delays in receiving interiors, mainly from Collins and Safran but also from others, caused Airbus and Boeing to delay widebody deliveries. Continuing shortages of engines from Pratt & Whitney and CFM (GE and Safran) for the GTF and LEAP impacted Airbus, Boeing and Embraer. PW continues to divert new production GTFs to AOG (Aircraft on Ground) A220s, A320s and E-Jets. A strike at GE interrupted CFM LEAP deliveries.
Airbus and Boeing want to increase production rates next year and in following years. The supply chain is the driving factor.
Aerospace analyst Ken Herbert from RBC Capital Markets raises some caution from the supply chain in his survey for the second half of 2025. In a report issued on Dec. 4, Herbert wrote, “Just when confidence in the aerospace OE outlook appears to have inflected, we get a reminder from Airbus (ELAC software, metal fuselage panel quality escape) that the industry is still dependent on a relatively fragile supply chain, and we believe the supply chain will remain part of the A&D narrative for the foreseeable future.”
Boeing CFO Jay Malave: Priorities are debt, investments, then shareholders
By Karl Sinclair
Dec. 3, 2025, © Leeham News: Boeing’s chief financial officer outlined the priorities for the use of cash going forward, and it reaffirms what has been obvious but largely unstated: debt reduction is the top priority.
Speaking at the UBS Global Industrials and Transportation Conference, The Boeing Company’s (BA) new Chief Financial Officer (CFO) Jay Malave reiterated the corporation’s prudent position on where Free Cash Flow (FCF) was going to be spent.
“I think that between the balance that we have today, the cash flow that we’re going to be generating, that will give us plenty of optionality to pay down the debt, to invest in the future, and start thinking at the right time about investor returns,” Malave said.
Boeing CFO Jay Malave. Source: Boeing.
This is quite a departure from the position of the previous CFO Greg Smith, who once reported that Boeing was committed to returning 100% of FCF to investors. It is very much in line with the new culture that CEO Kelly Orberg is attempting to instill in the company.
Boeing’s “hangover” of the MAX is over, says former acting FAA administrator who dealt with crisis
By Scott Hamilton
Dan Elwell, former acting administrator of the Federal Aviation Administration. Credit: Alaska Airlines.
Dec. 3, 2025, © Leeham News, Washington (DC): Boeing’s “hangover” and PTSD (post-traumatic stress syndrome) following the 737 MAX crisis of 2019 and beyond is over, says the former acting administrator of the Federal Aviation Administration (FAA) who had to deal with the fallout before Congress.
Dan Elwell faced investigations from hostile Congressional hearings, a criminal probe, civil litigation, an Inspector General’s inquiry from the FAA’s parent department, and in-depth reporting from many newspapers and television media in the months after the second of two MAXes crashed in March 2019, five months after the first fatal accident. The probes, lawsuits and civil and criminal discoveries revealed serious safety and quality control shortfalls at Boeing and shortcomings of the FAA’s oversight of the company and certification of the MAX.
“The FAA still is sort of feeling and nursing sort of the wounds,” Elwell said during an appearance on Dec. 2 at the monthly luncheon of the AeroClub of Washington (DC). “There was a certain amount of MAX PTSD after the pressures that hung around for a while” at Boeing and the FAA.
Elwell said that the biggest challenge he felt was trying to get both the agency and the “really outstanding engineers and people” who work at Boeing to sort of put it behind them, and do what they know best with confidence. Then, Elwell said, it was necessary to support those who were doing what they know how to do best.
“I think…the FAA is getting there,” he said, adding that Boeing is also making progress. Then company is meeting Key Performance Indicators (KPIs) that they’re following, and recently received FAA approval to increase the 737 production rate from 38/mo to 42/mo. Boeing wants to further increase rates to 47/mo and 52/mo in two “rate breaks” next year.
Book excerpt: Legacy Boeing’s last hurrah
Dec. 1, 2025, (c) Leeham News: In October, Boeing announced another delay in certification of the 777X and a delay from 2026 to 2027 of entry-into-service of the -9 model. Tim Clark, the president of Emirates Airline, is vocal about his dismay over the continuing delays. Emirates has more 777Xs on order than any other customer. The first airplane was due in early 2020. Had it been on time, Clark says Emirates would have had 110 in service by now.
During the Dubai Air Show, he told the financial news network CNBC that he believes Boeing can restore its glory. He doesn’t know or predict when. But legacy Boeing’s last hurrah was the development of what is now called by some to be the “Classic” 777.
Scott Hamilton’s new book, The Rise and Fall of Boeing and The Way Back, details not only how Boeing lost its glory and how it’s recovering. It tells the story of legacy Boeing’s last hurrah: development of the 777 Classic.
Here is an excerpt.
Emirates seeks larger A350, 777 after big Dubai order
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By Scott Hamilton
Nov. 24, 2025, © Leeham News: Boeing landed a big order for its 777-9 at the Dubai Air Show last week, valued at $38bn at list prices for 65 airplanes ($575.8m each). Emirates Airline, already Boeing’s largest customer for the airplane, now has 270 777Xs on order. This represents 43% of the firm orders once added to Boeing’s backlog.
Rendering of an Emirates Airline Boeing 777-9. Credit: Boeing.
Emirates simultaneously said it will support a feasibility study to stretch the 777-9 to a larger capacity 777-10. Airline president Tim Clark has been urging Boeing to launch the larger derivative.
Also at the air show, Airbus Commercial airplanes CEO Christian Scherer said Airbus is revisiting a study whether to stretch the A350-1000 (the same size as the Boeing 777-300ER) to a larger “A350-2000” model. This would be the same size as the 777-9.
However, don’t look for Airbus to launch a stretch any time soon, if at all. Airbus previously studied stretching the -1000 and decided the market couldn’t support two airplanes the size of the 777-9. Furthermore, the best target market for these aircraft—the Middle East—already accounts for about 63% of 777X orders before the latest Emirates deal, highly limiting the market potential for an X competitor.
Flydubai orders 737 MAX, in addition to A320neos, at Dubai Air Show
Nov. 19, 2025, © Leeham News: Yesterday flydubai ordered the 150 Airbus A320neo family at the Dubai Air Show. Today, it signed a Memorandum of Understanding (MOU) for 75 Boeing 737 MAXes and options for 75 more. Flydubai may switch its orders between the 737-8, -9 or -10. The airline already operates the 737 NG and 737 MAX.
Emirates Airline placed an order for eight more Airbus A350-900s, bringing its total order to 73. The list price is $3.4bn for the new deal, or an average of $422m per aircraft.
Buraq Air of Libya signed an MOU for 10 A320neo family aircraft. It becomes a new Airbus customer.
Silk Way West Airlines of Azerbaijan ordered two A350Fs freighter aircraft. The cargo airline now has a total order to four A350Fs.
Dubai Air Show, Day 1: Boeing’s 777X; Anticipated orders
Boeing Insists 777X Widebody Is Worth the Wait
By Charles Alcock • Managing Editor
Charlotte Bailey • Writer
Nov. 16, 2025, © AIN: Twelve years since Boeing launched the 777X program at the 2013 Dubai Airshow, the OEM is back on-site with both its 777-9 test aircraft and a renewed confidence that delays to the protracted certification schedule are finally over.
With Boeing continuing to steadily work through FAA type inspection authorization (TIA) test phases, head of airline marketing for the 777X Justin Hale has a “high confidence” the airplane will enter service by 2027, with certification forthcoming as soon as 2026, he told reporters during a briefing on the eve of the Dubai Airshow on Sunday.
The full story may be found here.