Aviation industry faces a slew of challenges insiders say will take years to resolve

The aviation industry is bracing for another year of difficulties, as delivery delays at Boeing and supply chain problems are set to continue into 2025, say aviation consultants.

Sunday marked one year since a door panel blew off a Boeing 737 Max 9 operated by Alaska Airlines, an event that reignited a firestorm of questions about Boeing's quality and safety standards.  

Since then, the company has instituted a series of changes, including mandatory workforce training and increased inspections, according to a company statement published Friday. Boeing also said it improved its "Speak Up" system to encourage employees to report workplace concerns.  

But that's not enough, Mike Boyd, president and co-founder of aviation consulting firm Boyd Group International, told "Squawk Box Asia" Monday.

"The entire board of directors should have been fired," he said. "The new CEO and new people in there say they're doing something, but this is such a deep problem."

Without aircraft deliveries from Boeing, airlines such as Southwest, Wizz Air and Ryanair are spending money they "had not wanted to spend to overhaul airplanes they were going to retire," Boyd said.

"Fasten your seat belt. It's going to be a very bumpy year ahead," he said.

"Boeing is going to be losing a lot of territory to our friends at Airbus. There's just no question about it," he said, adding that the company may become more of a "secondary player" to Airbus in the future.

Pete Buttigieg, the U.S. transportation secretary, said Monday that Boeing has "much more" work to do, according to Reuters.

"The culture change at Boeing is something that is a real work in progress," he said. "The only way to fully assess it will be to see they can consistently improve results."

John