LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Boeing 737 deliveries rebound in August to 48, from July low

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Tue, Sep 11, 2018
10:15 pm
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

Boeing Co said on Tuesday it delivered 48 of its best-selling 737 single-aisle aircraft in August, bouncing back from the 29 it delivered in July, the fewest in years.

Deliveries at the world`s biggest planemaker have been delayed as unfinished aircraft pile up at its Renton, Washington plant as a result of production bottlenecks at its suppliers that have disrupted manufacturing.

Boeing`s 737 and Airbus` A320 family of single-aisle jetliners are the cash cows of the two aircraft makers, the world`s largest.

"Our team made good progress in August and we`re focused on fully recovering the delivery schedule by the end of the year," Boeing spokesman Paul Bergman said.

While monthly delivery figures can fluctuate, the numbers give a snapshot of how far behind Boeing is delivering planes against its production target of 52 narrowbodies per month. Deliveries are crucial to planemakers because that is when airlines pay most of what they owe for the aircraft.

Morgan Stanley analyst Rajeev Lalwani said 737 deliveries were above his estimate of 30 to 35 units, and made him feel more confident about Boeing`s ability to hit its 2018 targets.

The snarl in Renton, fueled by shortages of engines and fuselages as Boeing sped production to record levels in June, is likely to hurt third-quarter results and threatens to hinder its efforts to boost build rates again in 2019, some analysts said after meetings in the Seattle area last week.

Boeing largely attributes the logjam to shortages of fuselages from Wichita, Kansas-based Spirit AeroSystems Inc and engines from CFM International Inc, a venture of France`s Safran and General Electric Co.

As it works to clear the backlog, Boeing has deployed about 600 employees from other facilities to the Renton site, and sent engineering teams to suppliers, the company said.

Boeing has also started hiring back retired workers on a temporary basis, Reuters reported on Monday.

The retirees will get $500 monthly bonuses in addition to wages while also continuing to receive their pension payments, a union official said.

Boeing executives said last week 2018 cash flow projections, a measure closely watched by investors, would remain unchanged, as would its goal to speed up production again in 2019, analysts said.

Monthly 737 deliveries totaled 48, down from 50 a year ago, Boeing said. Total plane deliveries were 64 in August, compared with 66 units a year earlier and 39 units in July.

Boeing said its total 2018 net orders were 581 aircraft through August, up from 487 planes towards the end of July.

The company said its total 2018 net orders were 581 aircraft through August, up from 487 planes toward the end of July.

Boeing`s shares were up 1 percent at $345.49 in mid-day trading.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Platform ticket price today: Railways hikes fares from Rs 10 to Rs 30 across network

Heranba Share Price – After bumper listing, is the stock cheaper or expensive? See this EXCLUSIVE research

Liverpool slumps to historic 5th straight loss at Anfield

Anil Singhvi’s Strategy March 5: Make or break levels at Nifty is 14,900-14,925 & Bank Nifty is 35,100-35,125

CBSE Class 10, Class 12 date sheet revised—check new time table, instructions here

On Anil Singhvi’s show, Know which stock Rakesh Bansal and Kunal Saraogi recommended

Samsung Galaxy XCover 5 rugged smartphone launched: Check price, availability and other details here!

Reliance Jio low-cost laptop 'JioBook' that runs on Android coming soon; Here's all you need to know

Indian Army conduct basketball, wushu competitions for youth in Jammu and Kashmir's Budgam

TMC Candidates List 2021 - Names of 291 candidates announced for West Bengal Elections; See Complete List Here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved