Progress made in Boeing and Airbus output, says leasing giant

On Thursday, SMBC said it had booked a further $654m (€577.2m) from insurance settlements over the last year, bringing its total recoveries from claims to $1.41bn

Boeing has faced a series of crises, but expects to stabilise 737 Max production over the coming weeks. File Picture: Richard Drew/AP

Boeing and Airbus have made progress in boosting aircraft manufacturing, but there is “a way to go” to get a stable, predictable production cycle, the head of Irish aircraft leasing giant SMBC Aviation Capital said yesterday.

The world’s third-largest aircraft lessor, which has over 250 planes on order with both manufacturers, also said tariffs could be a drag on that recovery and have the potential to delay production increases.