Boeing announced last week that they have set a new industry record by delivering 763 airplanes in 2017, beating the previous record set in 2015 by one plane, and meeting their delivery target set in 2016. At the same time, Boeing announced that it had netted 912 orders in 2017, its 7th largest yearly order book in its history.

The 763 number was driven by a number of factors, notably by high output of both Boeing 737 and Boeing 787 Dreamliner airplanes. Boeing raised 737 production to 47 airplanes a month in 2017, and began to deliver its newest Boeing 737MAX aircraft as well, which accounted for 74 of the 529 Boeing 737 aircraft delivered. Meanwhile, Boeing 787 Dreamliner production accounted for 136 of the 763 deliveries this year, or about 18% of deliveries, an impressive feat for a twin-aisle jet.

Meanwhile, the 912 orders in 2017 are worth $134.8 billion dollars at list prices, larger than the GDP of Hungary and Kuwait. Some of the orders came from the launch of Boeing’s 737 MAX 10 at the 2017 Paris Air Show, which currently has 274 orders. The 787 Dreamliner family received about 100 orders, and the Boeing 777 family received about 60.

An artist’s rendering of Boeing’s new 737 MAX 10 aircraft, which was launched last year. Credits: Boeing

Boeing’s order book now has 5,864 planes on it, which the manufacturer says is equivalent to seven years of production. And, the aircraft’s order book in 2018 is already off to a strong start, with Southwest exercising 40 of its Boeing 737 MAX 8 options, and Turkish Airlines ordering three Boeing 777 Freighters just three days ago.

In 2018, Boeing will be rolling out the first Boeing 737 MAX 7 test aircraft, and delivering the first Boeing 737 MAX 9 and Boeing 787-10 Dreamliner. Lion Air is the launch customer for the Boeing 737 MAX 9 while Singapore Airlines is the launch customer for the Boeing 787-10 Dreamliner. Both will be delivered in the first few months of 2018.

Featured image by Boeing.

Categories: Industry Talk

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