Boeing had more cancellations than new orders in 2019

Cheryl Sanders
January 16, 2020

The plane manufacturer said it had a net loss of 87 commercial planes after factoring in the likely loss of business with India's Jet Airways, which went bankrupt a year ago.

Boeing reversed losses after the release of the data, which also showed a surge in deliveries of satellites and military aircraft to 231 units from 98 a year earlier.

Boeing is halting production this month of the plane that has been grounded since March after two fatal crashes killed 346 people.

Timm Schulze-Melander, of Redburn, said: "Boeing will need to launch a replacement for the 737 Max".

"We will await the decision of the United States' Federal Aviation Administration (FAA) and other regulatory bodies before deciding on the next steps", said the spokesman.

"As there is no clarity yet from various authorities on its return to service, our technical due diligence is still ongoing". Ryanair has up to 210 of the planes on order, but none in service.

However, the airline did not respond immediately when asked on when its Boeing deliveries would resume or whether it still wanted to pursue orders from Boeing.

Trump referenced studies that suggested the production halt of the 737 Max could shave 0.5 per cent from US gross domestic product this year.

In October, as a direct result of the China freeze, Boeing's then-CEO Dennis Muilenburg announced a production rate cut for the 787 Dreamliner from 14 to 12 jets per month was planned for the end of 2020.

Boeing apologised to MAB for the disruption.

"There is still no clear time for resolution", he responded when contaced by NST yesterday.

Boeing reported its worst annual net orders in decades on Tuesday, along with its lowest numbers for plane deliveries in 11 years, as the grounding of its 737 MAX jet saw it fall far behind main competitor Airbus.

Airbus' victory was its first since 2011 and 10th since 1974, when the European company's A-300 jetliner made its commercial debut.

The "phase one" trade deal signed by the USA and China Wednesday is expected to unblock an informal halt to Chinese orders for Boeing jets that had begun to affect the manufacturer's long-term production plans, and it could lead to big orders in 2020 and 2021.

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