Boeing strike causes October deliveries to drop to just 14 jets
File photo of the Boeing logo. Photograph:( Reuters )
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Boeing stated on November 12, that it delivered 14 commercial jets in October, less than half of the 34 aircraft it handed over to customers during the same month in 2023, after a weeks-long strike halted most of its aircraft production, as detailed in a report by Reuters.
Boeing stated on November 12, that it delivered 14 commercial jets in October, less than half of the 34 aircraft it handed over to customers during the same month in 2023, after a weeks-long strike halted most of its aircraft production, as detailed in a report by Reuters.
Boeing stated on November 12, that it delivered 14 commercial jets in October, less than half of the 34 jets it handed over to customers during the same month in 2023, after a weeks-long strike halted most of its aircraft production, as detailed in a report by Reuters.
The US plane-maker is requiring all of its West Coast factory workers to be back at work on Tuesday after the strike ended on November 5, but added in a statement that it will be several weeks before air-plane production gets fully underway, the Reuters report explained further.
Boeing faces heightened oversight
Boeing is facing heightened oversight by the US Federal Aviation Administration (FAA) as it resumes output of its strongest-selling 737 MAX jets, along with 767, 777 and 777x models, after their production was halted during the strike which started on September 12.
The plane-maker is trying to grow 737 production to hit a rate of 38 a month to generate needed revenues after the strike weighed on its September and October deliveries. Boeing 787 production in South Carolina was not affected by the strike.
The plane-maker delivered 34 jets during October 2023, when it struggled to correct a manufacturing defect in the 737 MAX. Boeing was already operating a slower 737 MAX assembly line since a January 5 in-flight blowout of a door plug on a near-new model heightened regulatory scrutiny.
Boeing said it will continue monitoring production to ensure safety and quality. It will also ensure employee training certifications are current. The objective of these steps is to ensure smooth functioning of the airline major.
The company delivered just 24 aircraft through October
According to Boeing, October deliveries included nine 737 MAXes, four 787s and one 767 freighter for FedEx. From the strike's beginning through October, the company delivered 24 aircraft, the Reuters report detailed further.
The company booked 63 gross orders during the month with no cancellations, including 46 737s, four 777 freighters and 10 787s.
Since the beginning of the year, Boeing has recorded 378 gross orders and 335 net orders after cancellations and conversions. After also adjusting for accounting standards, Boeing booked 141 net orders. Boeing said 220 gross orders, or nearly 60 per cent of its orders during the year, were placed between July and October.
Boeing's European rival Airbus (AIR.PA) said on November 7 it had delivered 62 jets in October, as the world's largest plane-maker tries to reach an annual goal of "around" 770 planes, revised down from 800 in July after supply chain problems.
Market participants and global investors will carefully follow these developments and make informed investment decisions regarding Boeing based on the same.
