Boeing 787 supply dry spell provides to 737 MAX woes

By Eric M. Johnson

SEATTLE (Reuters) – Boeing (NYSE:) Co misplaced one other 63 orders in November for its newly un-grounded 737 MAX jet, and the corporate delivered seven plane to clients, down from 24 in the identical month a yr in the past, firm knowledge confirmed on Tuesday.

The embattled U.S. planemaker had no 787 Dreamliner deliveries to clients final month, warning that inspections over high quality flaws and the resurgent coronavirus will proceed to hamper deliveries by way of year-end.

Jet deliveries are being carefully scrutinized by traders as they generate much-needed money in the course of the coronavirus disaster.

On Tuesday, United Airways was anticipated to obtain the primary 737 MAX supply since regulators imposed a 20-month security ban. Brazil’s Gol plans to renew industrial home routes from Wednesday.

Boeing’s European rival Airbus delivered 64 plane in November, bringing the entire to date this yr to 477, in comparison with Boeing’s 118.

Boeing’s carefully watched month-to-month orders and deliveries snapshot comes 5 days after Eire’s Ryanair booked a December order for 75 737 MAX jets, throwing Boeing a industrial lifeline.

For November, Boeing acquired orders for 2 KC-46 tankers.

Boeing mentioned it misplaced orders for 17 737 MAXs from unidentified clients, whereas Air Lease (NYSE:) Corp and Air Canada scrubbed orders for 23 jets.

Virgin Australia diminished and restructured an order for 48 737 MAX jets by changing it with a contract for 25 of the MAX 10 variants, which have extra seats. This yr, Boeing has acquired orders for 2 MAX jets from Poland’s Enter Air and three from an unidentified purchaser.

Canceled MAX orders, together with these the place patrons transformed to a unique mannequin, stood at 536 jets – and 548 for all jets throughout Boeing’s portfolio, Boeing mentioned on Tuesday.

For 2020 by way of November, the variety of MAX orders canceled, or faraway from Boeing’s official backlog when it applies stricter accounting requirements, stood at 1,068 plane.

Boeing orders from January by way of November, earlier than the accounting adjustment, went to minus 454 for all fashions, in comparison with Airbus’ internet whole of 297 after cancellations.

Boeing delivered seven planes final month: two P-8 maritime patrol plane, one 747 freighter for United Parcel Service (NYSE:), one 767 freighter for FedEx Corp (NYSE:) and three 777 widebodies.

The seven jets Boeing handed to clients in November compares to 24 a yr earlier and 13 in October.

For the yr by way of November, Boeing delivered 118 plane, a 66% drop from the 345 it delivered for a similar interval a yr in the past.