Boeing jet deliveries fall to 13 in November after strike ends (updated)

BOC Aviation

10/12/2024 23:18

* 
      Boeing restarts 737 MAX production, confirming Reuters
report
    

        * 
      Planemaker to resume output of 767, 777 and 777X jets in
days
ahead
    

        * 
      Boeing booked 49 gross orders and 14 cancellations in Nov
    

  
 (Adds closing stock price and Boeing comment in paragraph 3,
detail about 787 deliveries in paragraph 7)
       SEATTLE, Dec 10 - Boeing  BA.N  delivered 13 commercial
jets in November, less than a quarter of the 56 jetliners it
handed over to customers 12 months earlier, the U.S. planemaker
reported on Tuesday.
    Deliveries were down from 14 in October, when most of the
company's aircraft production was still shut down during a
seven-week strike by 33,000 factory workers that ended Nov. 5.
    Boeing stock closed 4.5% higher on Tuesday. The planemaker
said it restarted 737 MAX production, loading fresh fuselages
into its Seattle-area Renton factory, after weeks of methodical
preparation.
    News that Boeing restarted production of its best-selling
737 MAX last week was first reported by Reuters on Monday. 
    The planemaker is trying to increase 737 production to a
rate of 38 a month to generate much-needed revenue after it
burned billions of dollars in cash during the first three
quarters. 
    However, it has been under heightened oversight by the U.S.
Federal Aviation Administration since a door plug blew out of a
nearly new Alaska Airlines  ALK.N  737 MAX 9 during a January
flight.
    The company plans to resume production of its 767, 777 and
777X in Everett "in the days ahead," Boeing said in a statement.
    While Boeing 787 production in South Carolina was not
affected by the strike, the planemaker delivered just two of the
widebody jets, as it wrestles with supply chain snags.
    Boeing has said that it is taking a cautious approach to
restarting production and has prioritized quality, safety and
worker training. That approach is reflected in the month's lower
delivery numbers, the company said. 
    November's deliveries included nine 737s, two 777 freighters
and two 787-9s, according to the company. U.S. carrier United
Airlines  UAL.O  took delivery of two 737 MAX jets and one 787. 
    By comparison, after Boeing's last strike ended in November
2008, it delivered four aircraft that month.
    The company booked 49 gross orders during the month,
including 34 737s, and reported 14 cancellations.
    Germany-based TUI  TUI1n.DE  canceled orders for 14 MAX jets
and will instead lease the planes from BOC Aviation  2588.HK ,
resulting in a net addition of 20 new 737 MAX orders.
    Year to date, Boeing has booked 427 gross orders and 370 net
orders after cancellations and conversions. After also adjusting
for accounting standards, Boeing booked 191 net orders.
    Boeing's European rival Airbus  AIR.PA  delivered more than
80 jets in November, Reuters reported this month.

 (Reported by Dan Catchpole in Seattle; Additional reporting by
Allison Lampert in Montreal; Editing by Mark Porter and Jamie
Freed)