Friday, September 22, 2023

Boeing orders and deliveries slip in January, before massive Air India jetliner sale

Must read

FEMA flood insurance program faces dual existential threats

The National Flood Insurance Program is up against another deadline for renewal while a lawsuit from 10 states takes aim at its...

Plunk to punch up marketing for Union Street Media, Realforce

Data from artificial intelligence-powered valuation company Plunk will be used to enrich the products of two real estate industry firms that specialize...

Surprisingly strong jobs report sends interest rates soaring

No one can predict the future of real estate, but you can prepare. Find out what to prepare for and pick...

Existing-home sales fall off 0.7% led by Southern, Western markets

Sales of existing homes slid 0.7 percent between July and August to a seasonally adjusted annual rate of 4.04 million but held...

A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington.

Stephen Brashear | Getty Images

Boeing‘s aircraft orders and deliveries slipped in January from a month earlier.

Boeing delivered 38 jetliners last month, 35 of them its bestselling 737 Max planes, down from a total of 69 planes in December. The delivery count was still was higher than the 32 planes Boeing handed over to customers in January 2022.

The figures don’t include a massive order from Air India for nearly 500 new planes from the manufacturer and its chief rival, Airbus, which was formalized earlier Tuesday.

Air India ordered at least 220 Boeing planes and 250 Airbus planes, making the combined sale the biggest aircraft order ever as airlines prepare for a further recovery in air travel as Covid pandemic travel concerns wane.

Last month, Boeing said it planned to ramp up output of its 737 Max to 50 planes a month in 2025 or 2026, though it’s been cautious about increases beyond the current pace of 31 per month because of instability in the supply chain.

The company logged 55 gross orders in January, netting orders for 16 new planes after 39 cancellations.

Boeing’s CFO, Brian West, will brief analysts and investors during a Cowen industry conference on Wednesday morning.

More articles

Latest article

FEMA flood insurance program faces dual existential threats

The National Flood Insurance Program is up against another deadline for renewal while a lawsuit from 10 states takes aim at its...

Plunk to punch up marketing for Union Street Media, Realforce

Data from artificial intelligence-powered valuation company Plunk will be used to enrich the products of two real estate industry firms that specialize...

Surprisingly strong jobs report sends interest rates soaring

No one can predict the future of real estate, but you can prepare. Find out what to prepare for and pick...

Existing-home sales fall off 0.7% led by Southern, Western markets

Sales of existing homes slid 0.7 percent between July and August to a seasonally adjusted annual rate of 4.04 million but held...