15.3 C
London
Friday, October 30, 2020

Boeing orders and deliveries continue to sag with Max grounding

Must read

Scientists find Madagascar chameleon last seen 100 years ago

Scientists say they have found an elusive chameleon species that was last spotted in Madagascar 100 years ago. Researchers from Madagascar and Germany said they...

Japan tries hi-tech experiments in bid to get more fans into sports stadiums

Officials in Japan are using some hi-tech devices to see if they can fill sports stadiums closer to capacity during the Covid-19 pandemic. The baseball...

Indian figures reveal downward trend in coronavirus infections

India has reported 48,648 new coronavirus cases, continuing a downward trend in infections even as the country’s caseload has crossed eight million and is...

China promises market opening amid technology push

China will promote “technological self-reliance” under the ruling Communist Party’s latest five-year plan but will open further to trade, officials said on Friday. The comments...

Orders and deliveries of new Boeing planes remain depressed eight months into the grounding of the company’s 737 Max.

Boeing said on Tuesday that an aircraft-leasing company replaced an order for 15 Max jets with an order of five 787s, a larger plane used mostly on international routes.

Another customer dropped an order for three Max planes after ordering a larger Boeing 777 earlier this year.

Chicago-based Boeing said it took 10 new orders in October, down from 24 in the same month last year, which included 14 Max jets.

The company delivered 20 commercial planes last month, including 12 for the 787, which Boeing calls the Dreamliner. That is down from 57 a year earlier, a decline that hurts Boeing’s cash flow because customers pay much of the purchase price on delivery.

Boeing burned through $2.9bn in cash in the third quarter, compared with generating $4.1bn in free cash flow a year earlier, and it took on $5.5bn in new debt.

European rival Airbus said it took 415 orders in October, with 300 coming in one deal with IndiGo.

The Indian discount carrier ordered planes in the Airbus A320neo family, planes that compete with the Max.

Airbus said it delivered 77 airliners last month, including 56 in the neo category.

The Max has been grounded since March after two accidents killed 346 people.

On Monday, Boeing said it hopes to resume deliveries of the Max in December and win Federal Aviation Administration approval of changes to the plane and a pilot-training course in January, clearing the way for the plane to return to service in the United States.

Regulators in other countries are expected to take longer.

- Advertisement -

More articles

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article

Scientists find Madagascar chameleon last seen 100 years ago

Scientists say they have found an elusive chameleon species that was last spotted in Madagascar 100 years ago. Researchers from Madagascar and Germany said they...

Japan tries hi-tech experiments in bid to get more fans into sports stadiums

Officials in Japan are using some hi-tech devices to see if they can fill sports stadiums closer to capacity during the Covid-19 pandemic. The baseball...

Indian figures reveal downward trend in coronavirus infections

India has reported 48,648 new coronavirus cases, continuing a downward trend in infections even as the country’s caseload has crossed eight million and is...

China promises market opening amid technology push

China will promote “technological self-reliance” under the ruling Communist Party’s latest five-year plan but will open further to trade, officials said on Friday. The comments...

US economy grows by 33% but faces renewed threat from pandemic

The US economy grew at a record 33.1% annual rate in the July-September quarter but has yet to fully rebound from its plunge in...
%d bloggers like this: