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Boeing, GECAS announce order for 75 737 MAXs

  • by Emilio Sims
  • in Money
  • — Jan 8, 2017
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The aircraft maker reached its target of delivering at 745 to 750 jetliners a year ago.

The stock traded at $159.10, surging 0.24% at the closing bell on Friday. Airbus has a price advantage thanks to the strong US dollar, putting pressure on Boeing's sales team. That compares with 495 737 deliveries in 2015.

The US aerospace major delivered 748 planes previous year, down from 762 in 2015.

"When it comes to demand, this order shows the MAX 8 remains at the heart of the single-aisle market", said Brad McMullen, vice president, North America and Leasing Sales, Boeing Commercial Airplanes. But the gain will be tempered by a 40 percent cut in production of 777 widebodies.

In 2016, Boeing booked 550 net orders for the 737 family, of which 534 were for the re-engined 737 Max. The tally did not include any of its pending orders for Iran, the company said. It also included an order for four 787 Dreamliners from Uzbekistan Airways. The company ended the year with a backlog of 5,715 jets, and with its 787 Dreamliner now past 500 deliveries the complex and at times over-cost program is finally moving towards profitability.

Also on 4th January, Travel Service - the Czech airline company that operates scheduled flights under the SmartWings brand - finalized an order for five 737 8 MAXs, valued at $550m at current list prices.

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