Airbus CFO Thomas Toepfer says the current issues at U.S. rival Boeing are not helpful for the industry or for Airbus.
Airbus CFO Thomas Toepfer says the current issues at U.S. rival Boeing are not helpful for the industry or for Airbus.
A good example of public relations and how to take the highroad
Man, I wish our media had reporters like this. Her question about quality control being collateral damage from filling accelerated demand was excellent.
She really asked a powerful question using very neutral language.
It’s wise to get your local news from a local news source, and your macro level news from outlets like this. The infotainment news (Fox CNN et al) are the worst places to get information.
american journalism is dead
I agree, excellent interviewer and excellent interviewee.
It’s not like the airlines can’t keep their current birds until new ones are delivered to them. The only pressure is about earning more money.
Airbus CFO: We’re not happy with the issues at Boeinhaaahhhaaaahhhahahahahahhhha!!!!!
Stay safe folks. Fly Airbus👍
And they’re pushing for single pilot operations 😒
Hahaha. I find this illogical. Any human may fall asleep especially in the midnight, when he is alone with no interaction, just computers in front of him.
This is why European Engineering is SUPERIOR…
Imagine how bad you have to be to make your competition frustrated with you 😂
When you join a competition but there is no actual competition.
In other words, sort your sh!t out Boeing, youre f*&^ing it up for all of us.
What is currently happening at Boeing and at Continental Airline (maintenance) also has an impact on the reputation of the entire aviation industry and that cannot be in the interests of Airbus. Airbus also has an interest in ensuring that its competitor and especially the supplier company “Spirit” does a good job. The entire market benefits from this.
What a well balanced leader. Boeing like many other American companies put stock price as the benchmark goal above all else. Neglect safety, the workers, quality, don’t re-invest in the company and the company will go into a downward spiral. And yes PAY THE CEO TENS OF MILLIONS OF DOLLARS.
Airbus needs Boeing!! Or if it’s not Boeing at least other serious competitor in order to keep improving their product, maintain competitive pricing and to reduce allocation times that are currently becoming waaay to extreme. I’m an Airbus guy by the way…
Boeing won’t just drop off the face of the earth, they’re still huge in both civil and military aviation and will still keep going it’s just they need to rebuild their brand image somehow.
Boeing is being swamped by corporate greed and corruption.🤷♂
Boeing…Boeing…Gone.
The big risk for Airbus is Boeing getting replaced by Chinas Comac as #2. It’ll be way harder to compete with Comac then Boeing.
@@Plutogalaxy you would probably have laught over Toyota too.
How about you stop taking vast subsidies from European governments that gives you an unfair advantage in the marketplace?
Who let this man cook? Such a well-put and classy response!
It’s essential that Airbus maintain their very high standards and with such a competent CFO at the helm (in the cockpit?) this certainly seems more secure than the promises and rhetoric coming from Boeing’s high command.
Boeing has given profit priority over the overall safety of its aircraft. Quality control/assurance is a continuous process of improvement.
Typical union workers
What is the name of this CFO?
Reputation is like respect, hard to earn, easy to lose. Boeing now must spend like theres no tomorrow to regain people’s trust with their products. The government better not bail them out – all the exec should lose their bonuses and salaries instead.
The reality is that the airlines don’t really have a choice because 1. Airbus couldn’t possibly fill all of the orders for many years, and 2. Training and MX set-up for a particular aircraft type, ala’ Southwest. Most of Boeing’s subcontractors also supply Airbus. A true duopoly.
Profits before people will ruin a company every time.
Well, since the large commercial airline industry is a virtual monopoly between the two government supported corporations, it’s very understandable that they’re sympatico, aka collusion not competition.
That would called be a duopoly I think.
Airbus is not a flawless company, but Airbus has not been gutted by the limitless greed of a demon like Jack Welch, and Airbus still places more emphasis on its reputation for safety than on maximizing profits. Boeing planes are proven unsafe. If you care about living, do not set foot inside a Boeing aircraft.
Murderers only thinking about how to line their pockets.
Yeah you would
It amazes me is that this interview was about issues, not the American “who’s got the football?” excuse for news.
that’ s why I HATE business, you have to be fake on everyting
I know what you mean its Like YT video creators.
Everyone do drugs at BA
Boeing try so hard to shut Chinese airplane out from western market
“We are not happy. We are delirious of joy.”
it’s not boeing the airlines started demanding engineers make flights cheaper less engines more seating ect. boeing just build what the customer demanded they build If customers want to be safe then stop demanding everything be so cheap pay what it cost to run a safe airplane
🕉️🌬️🍃💨
This CFO knows how to lead
He said two times “our competitor”.
Does he not allowed to speak Boeing’s name? 😅😅😅
Ever since McDonnell Douglas take over, MD management destroyed Boeing
All the anti Boeing YT creators, take that!, including some news networks. You just lost your fifty cents per video you made.
He is extraordinarily well spoken.
More impressive that it’s not even his first language
Meanwhile the Boeing CFO doesn’t even do interviews with media. Tells you all you need to know about the two.
At least boeing is more diverse than airbus.
No one can be happy when delinquency puts the safety of customers at stake.
Intelligent way to make the CFO talk sending a strong message to Boeing that we re not looking only for profit to our Shareholder from a Financial officer Bravo Air Bus but for sure Boeing have to wake up a bit
“You making us look bad man….”
Its not design and manufacturing issue,its maintenance management by operTor or some ineffici8in maint6staff.
It’s Karma for Boeing! The Sabotaged soo many other Aircraft Projects…
This is what happens when you let Accountants run a company.
Next time I take a flight, I’ll make sure the plane is an Airbus.
For those who don’t understand the culture of the aviation industry. People fear flying, generally speaking, most people can’t tell the difference between an A320 variants or a 737 variants until you show them the safety card.
So if the 737 Max is running into issues, it’s gonna screw over all the other 737s variants which in turns scares people away from flying which will also screw over Airbus and all the other aircraft manufacturers.
Its the American way to take shortcuts to pay ceos more and f the rest
Why is it their business they should be thrilled their rival is having problems ?
In an oligiopoly the struggles of a competitor isn’t necessarily good for you…
I sincerely hope Airbus have got their house in order after these comments. They should be just living off the free orders from Boeing cancellations.
🤭
😂😂😂😂😂😂realy!😂😂😂
Why is the CFO talking about this topic? Please ask someone competent to answer the questions.
And Airbus; keep your CFO in the office, no-one wants to hear about your quality from the book keeper.
I don’t think it’s crocodile tears. Airbus can’t produce all the planes the world needs. I think Airbus would much prefer a continued duopoly to other manufacturers entering the market. And the great need for planes is definitely lowering the hurdles for new competitors.
We are not happy we can’t built fast enough damn that boeing always trying to make us look bad
Boeing: speed, quantity, profit
Airbus: safety, quality, trustworthy
Give me a break, Airbus executives are on cloud 9 and partying their ass off.
Dear Airbus, please set up a factory in Japan.
Then Boeing is finished for good.
Very professional and thoughtful statements from this Airbus representative. They’re not gloating – nor should they.
Good comment 👍
As an Ex-structural maintainer, this CFO has my utmost respect. He is no bean counter !
Not everyday you see a CFO so well versed in the product and in the fundamental / engineering / QC / principals of a buisness. Not everying can be quantified in Euros and Cents.
Good job Mr. Toepfer !
Airbus CFO: We’re not happy with the issues at Boeing
Embraer CFO: We are.
Airbus should remain very humble and don’t throw any stones. They have had their share of problems and accidents.
Boeing speeding through the manufacturing process just to put the planes back in a factory fixing their f*ckups when building the planes. It really makes me question what’s the point of risking the safety of the flying public for just to waste all that time and again fixing up your bs.
At least Boeing scores an A+ on their DEI program which should give flyers a lot of comfort.
The money people are the problem. To many mba’s running technical processes that they don’t even fully understand . Experts should run companies not short term focused stock pumping executives.
‘Were not happy about it but you should see my share price’!
Airbus. Because we’re not Boeing.
Airbus’ stock price is through the roof!
In other words, they can learn from boeing
Right now Airbus a320 neo already has 10000 order compere 6000 to Boeing 737 max it would bring pressure to Airbus to because they can’t did all the orders, you order a320 neo now you would receive the aircraft 10 years after
Personally i like the idea of fewer big jets in the sky coz then there’s more parking space for people with medium to small jets. Then every village or town could have a little airport for the little jets, be fun. Use the big jets for pod racing. Hint hint Rolls-Royce hint hint.
The CFO sounds like Bill Belichick with his responses lol
“Those a_holes on Boeing are damaging the industry as a whole”
Really? Mind your own bussiness.
Airbuss has its own flaws too.
Airbus needs a healthy Boeing to compete with. We can not let this duopoly become a monopoly, that’s when you’ll see stagnation and a big increase in prices. The problem at Boeing is that they’ve tied their faith with the 1960s designed 737, and they can only make small changes to it to keep the type rating. Boeing put that problem on themselves, but we need them back up and competing.
I like your comment 👍
As the late Charlie Munger was wont to say: “Show me the incentive, and I’ll tell you the outcome.“ For far too long at Boeing, the incentive has been to maximize profit ahead of making quality aircraft. Whenever there was a conflict between profit and quality at Boeing, profit always won out.
The past several CEOs at Boeing, including the incumbent, Dave Calhoun, were trained only in finance. For the most part, they had no training in engineering or physical science. When you put people in charge whose background is only in the maximization of profit, you get maximization of profit at the expense of quality.
What is the educational background of the leaders at Airbus?
from a few check on top executive position in airbus. Seems there is a lot of engineers…nuff said :[
The guy looks very aerodynamic!
The CEO Calhoun led Boeing into an avoidable crash (pun intended) which has led to a complete loss of confidence in the company and needs an engineering level thorough revision. Given all the disastrous leadership they are going to get massive payouts of hundreds of millions of dollars…. this should not happen.
You know that Boeing has messed up badly when even their competitor is calling them out
Airbus is way better. Buy foreign. Buy Airbus
It’s not good for us, but orders are soaring. (insert smirk).
“We’re not happy with the issues with our competitor” :))))))))))))))))))))
Airlines are basically banks offering air travel as a service. Don’t forget that.
The difference between USA and the EU.
Oh chill out airbus, Boeing is American, they got this ok 👍
I have no love for Boeing, but this interview was clearly bought and paid for by Airbus. Could the “reporter” have been more obvious?
Bye bye Boeing!
At least he didn’t say “Quality Escape” in the interview!
Not happy. Thrilled perhaps? Elated?
Actually, they are very happy and glad !!!🙂
Nicely weighted and balanced comments from the AB chief.
Glad to hear they are learning lessons from what’s happening to others and not revelling in their misfortunes.
This is diligent and wise and prudent.
The aviation industry needs both big manufacturers to be good and on top of their game as he wisely stated.
Boeings’ earlier successes is what made Airbus better.
And now Boeing need that same motivation to solve the problems and get better again .
Competitors yes , but also one inspires the other to continuously improve.
I was pleased that there was no management speak used in this interview.
No references to unscheduled disassembly
Or unscheduled life limiting outcomes
Or quality escapes
Or sub- optimal outcomes.
Nice crystal clear English .
The man says what he means and means what he says and no translation is required.
Take note Boeing executives !
And this is from a man not using his mother tongue .
What about Bombardier?
It’s like AztraZeneca, Pfizer or J&J saying that they weren’t happy with the pandemic. Of course they are gonna say that on the media just to be politically correct, even though their hearts say the opposite…
Spirit may work for Airbus to way different standards than Boing. You get what you pay for.
Boing essentially cheated on the self-performed and self-audited FMEA (failures modes and effects analysis, a risk analysis method) of MCAS failures. They rated the probability of a failure of this system extremely low, this avoiding having to install a second AOA sensor. We all know how well down that went, twice plus a few near misses where pilots somehow regained control by pulling fuses. If Boing would have limited MCAS control authority over the rear stabilizer to rather small angles, smaller than what the pilot has as control authority, nothing would have happened. But MCAS was implemented with a bigger adjustment range than what the pilot could override with his stick and even trim wheel on top of it. Failure of MCAS therefore changed from the consequence of additional pilot input to correct trim or manually hold level to stuffed into the ground without any means of intervention by the pilot.