Boeing 737 production rebounds as planemaker extends lead over Airbus
Boeing said its 2018 net orders totalled 581 aircraft through August, up from 487 towards the end of July
Seattle/Paris: Boeing Co bounced back from a production snarl to deliver 48 single-aisle 737s in August and extended its lead over rival Airbus for new orders.
Boeing’s August 737 deliveries, announced on Tuesday, were an improvement from the 29 delivered in July, which was one of its lowest monthly tallies in years, due to ongoing supplier delays that caused unfinished aircraft to pile up at its Renton, Washington plant.
The world’s biggest planemaker said it was making “goodprogress” towards fixing the logjam by year end. Boeing’s 737 and Airbus’ A320 family ofsingle-aisle jetliners are each aircraft makers’ cash cows, and deliveries translate into big payments from airlines.
Boeing also said its 2018 net orders totalled 581 aircraft through August, up from 487 towards the end of July. That includes 90 orders in August for 737 variants from leasing firms and unidentified customers.
Industry sources said many of those orders confirmed business unveiled at the Farnborough Airshow in July.
Airbus has been slower to confirm such orders than in the previous two years, when most air show business had been formalised by the end of August. Airbus this week posted 219 net orders for January to August, including five in August.
It had announced firm orders for 145 aircraft at Farnborough, including some in its books before the event took place, leaving around 90 orders still to reach its books.
Airbus said some orders were in the process of being audited and warned against reading too much into the pace of bookings. “One month is not representative of the entire year, especially August,” a spokesman said, referring to the summer slowdown in European business.
But the gap raised fresh questions over a landmark order for34 extra A330neo wide-body aircraft from Air Asia. The Farnborough deal had brought the group’s A330neo order to 100and was seen as key to shoring up the slow-selling model.
It came after a struggle between Airbus and Boeing overlong-haul carrier Air Asia X, part of Malaysia’s Air Asia, Airbus’s largest Asian customer.
In July, Airbus called that deal “firm,” which observers say usually means approvals have been received and deposits paid. But two industry sources said details had yet to be resolved.
Industry publication CAPA reported last week that Air Asia Xcould switch 40 of its A330neo orders to the smaller A321neo,effectively cancelling out the Farnborough announcement.
Air Asia was not available to comment. Airbus declined comment on individual deals.
Editor's Picks »
- Opinion | Is Mohan Bhagwat steering RSS in a new direction?
- India slams Australia, others for criticizing farm support
- Govt draws up ₹ 1,500 crore plan to boost agri exports
- Chandrashekhar Azad: Most attacks against SCs have taken place in BJP-ruled states
- Opinion | Breaking the glass ceiling posed by caste
- India’s renewable energy sector hits a milestone but loses speed
- All eyes now on share swap ratio in this mega bank merger
- Jet Privilege can actually get higher valuation than Jet Airways
- Profitability of cement firms to take a hit due to weak prices, high costs
- Pidilite’s shares hold their ground despite weak rupee and rising crude