September 19, 2020

Boeing does not receive an order in January for the first time in 58 years



Its great competitor, Airbus, achieves 296 orders, its best record since 2005

Boeing continues to accuse the effects of the 737 Max crisis, the fastest-selling model in the company’s history. For the first time since 1962, the American aeronautical manufacturer did not receive any order in January, unequivocal signal that airlines still do not trust the Chicago-based company. According to the information you have provided, your registration of deliveries It has also been rather modest, 13. A year ago, without crisis through, Boeing delivered 46 aircraft and received 45 net orders after cancellations. The company thus follows the path on which it already began to travel in 2019. Last year, and for the first time in 16 years, received more cancellations than orders. Specifically, the manufacturer received 246 orders, its lowest level since 2003. However, after successive cancellations, this number was reduced to 54. If this is added to another series of orders that Boeing will hardly keep in its order book, mainly due to the bankruptcy of the Indian airline Jet Airlines; the end result is that Boeing lost 87 orders, what represents your first negative balance in 30 years,

Boeing numbers contrast sharply with those of its great competitor, Airbus. The European consortium closed January with 296 orders, 274 net after cancellations. Is about your best record in 15 years and it shows that although Airbus has defended that the 737 Max crisis is not good for the sector, it is being for its interests because it is choosing the market in its favor.

Economic hole

The Boeing crisis, caused by two accidents of two of its 737 Max that cost the lives of 346 people, has plunged the company into the deepest crisis in its history. In 2019, it closed with losses of 636 million dollars, compared to the profit of 10,460 million recorded in 2018. Its debt rose to 27.3 billion dollars due not only to the fact that it had to stop deliveries and, already in December, also the production of 737 Max; but to the compensations that it has had to pay to the airlines and the lawsuits in which it is immersed. And the bleeding will continue. Fitch Ratings estimates that it could scale up to $ 34 billion.

Although the American air regulator (FAA) does not dare to date the return of 737 Max, Boeing has received good news for its interests in recent days. The FAA said last week that all global regulators agree on the design changes that Boeing must introduce to the plane to return to service, which is an important step forward. Today, FAA itself has hinted that it is close to making the 737 Max certification flight, first of a long series of requirements that must be met to return to service.

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