Boeing has reportedly begun planning for its next-generation airplane. The design could mark a departure from the aviation industry’s reliance on “tube-and-turbofan” design. ✈️
According to Bloomberg, Boeing is in the extremely early days of developing the new airliner. Boeing’s European competitor, Airbus, is reportedly considering a fleet of hydrogen-powered aircraft, while engine players such as General Electric and Rolls Royce are trying to stay relevant by working on “several futuristic engine technologies” that would cut fuel consumption to the score of double-digits.
Ultimately, new designs might be a “wait and see” for Boeing, which claims the company is “not resting and standing still.” Novel, unproven technology could be a risky choice for a company with a record of building planes that fall out of the sky and cutting quality assurance corners. 😬 On the other hand, an innovative, game-changing solution for airlines could revolutionize the industry, putting Boeing’s star back in the sky. 🌟
$BA is down 3.7% over the last year. The company has gained just 16.8% in the past five years.