Home Stock Boeing delivers 35 airplanes in September, 787 dry spell continues

Boeing delivers 35 airplanes in September, 787 dry spell continues

imageStock Markets17 minutes ago (Oct 12, 2021 11:14AM ET)

(C) Reuters. FILE PHOTO: An Aeromexico Boeing 737 MAX 9 cockpit is pictured at the Benito Juarez International airport, in Mexico City, Mexico, July 14, 2021. REUTERS/Luis Cortes

By Eric M. Johnson

SEATTLE (Reuters) – Boeing (NYSE:BA) Co said on Tuesday airplane deliveries rose to 35 in September as it benefited from an uptick in domestic travel, but its 787 program remains hobbled by structural defects.

That was 13 more planes than in August and 24 more than in September last year.

Of the 35 jetliners delivered last month, 26 were 737 MAX passenger jets and one was a P-8 maritime patrol aircraft to the U.K. Royal Air Force.

The closely watched monthly snapshot comes as Boeing tries to recoup billions of dollars in lost sales from the coronavirus pandemic, and move beyond a safety scandal caused by two fatal 737 MAX crashes.

Boeing also said it delivered 8 widebodies including one 747-8 freighter to United Parcel Service (NYSE:UPS), two 767 freighters to FedEx Corp (NYSE:FDX) and one 767 tanker for the U.S. Air Force.

For the year so far, Boeing has delivered 241 aircraft, up from 206 a month ago and 98 for the first nine months of 2020.

Of these, 194 were for its best-selling 737 MAX jets which returned to service in late 2020 following a near two-year safety ban.

But Boeing continues to grapple with structural defects in its bigger 787, which have caused it to cut production and halt deliveries.

Total aircraft orders for September, after cancellations and instances where a buyer converted an order for one type of aircraft to another, stood at 22.

That included 16 737 MAX, six 777 freighters and a contract for five P-8 aircraft for the German Navy.

Boeing also said Air Lease (NYSE:AL) Corp canceled an order for one 787-9, while GECAS, or GE Capital Aviation Services, canceled an order for four 737 MAX jets.

That brings orders for the year so far to 710, or 302 after cancellations and conversions, Boeing said.

Boeing delivers 35 airplanes in September, 787 dry spell continues

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Subscribe here

Categories

Must Read