New Year Open Well For Boeing With 26 Jet Deliveries And Four Orders

After reporting a record loss for the year 2020 with very few deliveries, the United States based aircraft maker Bowing started off the current year in a positive tome with it delivering 26 aircraft in January. This was driven by the clearance given to its 737 MAX jet to fly again by regulators in the United States, the European Union and elsewhere after a global ban on the flying of the place for a period of 20 months.

The company also reported winning four new orders for its 747-8 freighters.

According to analysts, Boeing’s financial recovery in 2021 critically hinges on the deliveries of its MAX planes amid a slum in the demand for the bigger, more profitable wide-body jets because of the flight restrictions imposed globally because of the Covid-19 pandemic which lasted for the major part of 2020.

Last month the company handed over 21 737 MAX jets to customers, said the company which books revenue after actual deliveries. The company also reported delivery of one P8 military plane and four wide-body aircraft. There were no deliveries done for the third straight month of its 787 Dreamliner.

In comparison, the company had delivered 39 aircraft in December. In January last year the company had delivered 13 planes because the company then was struggling with the grounding of its MAX planes. The company delivered 46 planes in the month of January two years ago.

It is estimated that the company now has a total of about 400 737 MAX jets in storage after the deliveries made by the company in January which was lower than the 450 planes it had in its inventory at the end of November when permission to start the jet’s shipments was granted by the US regulator.

The four gross orders for the 747-8 freighters from Atlas Air had already been announced.

With customers scrapping two orders for 737 MAX jets, three orders for 747-8 aircraft and one order for 787-8 Dreamliner, the company’s January orders net of cancellations and conversions, however, stood at negative two.

One order each for the 737 MAX was cancelled a business jet customer and Czech airline Smartwings. Russian carrier Volga-Dnepr cancelled orders for three 747-8 freighters while Jordan’s Royal Jordanian cancelled order for one 787-8 Dreamliner, the company said.

Backlog another 11 737 MAX jets which were seen to be unlikely to be filled when stricter accounting standards are applied, were removed by Boeing. That made January net orders negative 13 when adjusted for the accounting standard.

European rival Airbus SE reported deliveries of 21 aircraft in January with no orders or cancellations.

(Adapted from Reuters.com)

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