Boeing reported delivering 43 commercial jets in July, maintaining the same level as the previous year despite facing persistent supply chain challenges. This steady output comes as the company, under the leadership of new CEO Kelly Ortberg, aims to increase aircraft production by the end of the year.
Boeing’s main competitor, Airbus, delivered 77 planes in July, highlighting the competitive pressures in the aviation market.
Boeing’s production has been slowed by several factors, including a significant incident on January 5, when a door plug on a 737 MAX 9 jet blew out mid-flight, leading to heightened regulatory scrutiny. The company is working to overcome these hurdles and speed up its assembly lines as part of its commitment to meet growing demand.
Resumption of Deliveries to China and Orders Update
In July, Boeing delivered 31 MAX jets, including a few to Chinese carriers, marking a significant step forward. The resumption of deliveries to China is a positive development for Boeing, as regulatory issues had previously delayed these deliveries.
The company also secured 72 gross orders in July, an increase from 52 in the same month last year. Among these orders were 57 737 MAX planes, some of which were announced during the Farnborough Air Show. After accounting for cancellations and conversions, Boeing reported an adjusted net total of 72 orders for the month.
As of July 31, Boeing’s gross order total for the year stood at 228, with an adjusted net total of 98 airplanes after further accounting adjustments. The company has delivered 218 airplanes so far this year, including 166 MAX jets.
Legal and Financial Developments
In addition to its production and delivery updates, Boeing also finalized a guilty plea related to a criminal fraud conspiracy charge. The company agreed to pay at least $243.6 million after breaching a 2021 agreement with the U.S. Department of Justice. This legal development adds to the challenges Boeing faces as it works to rebuild trust and improve its operational performance.
As Boeing continues to address its supply chain and regulatory challenges, the company remains focused on increasing production and meeting customer demand.
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