Summary
- Boeing plans to increase production of the Boeing 787 Dreamliner and 737 MAX, indicating a positive outlook for the company's financial situation.
- The Renton plant in Washington state will see an increase in narrowbody production, while the North Charleston plant in South Carolina will see an increase in widebody Dreamliner production.
- Boeing aims to produce at least 50 MAX variants per month by 2025 and is confident in the coordinated supply chain's ability to deliver on this goal.
After a miserable few months financially for plane maker Boeing, things seem to be up and away for the rest of the year, with the manufacturer announcing its intentions to increase production for the famous Boeing 787 Dreamliner and 737 MAX.
The manufacturer looks to boost production with supply chain problems starting to ease and the world effectively open again and ready for business.
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Increase at Renton
Narrowbody production will increase at Boeing's Washington state Renton plant, which looks to expand from a usual output of 31 MAX per month to 38 and increase of 84 aircraft per year. While those looking for the widebody Dreamliner, heading to North Charleston, South Carolina, will see the plane maker boost from three to four of every famous aircraft.
The latest move from Boeing is all part of its plans to increase production overall, and its goal is to output at least 50 MAX variants per month by 2025. Boeing's Chief Financial Officer, Brian West, released this statement as reported by the Seattle Times:
“We’re confident that the supply chain is coordinated to deliver on this. They’ve known about it for a while, and we’re happy to be able to move forward. We’ll do it a step at a time, and we’re happy we can make this first move to 38.”
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Heading to Washington, Boeing has noted its plans to recommence production at Everett for the Boeing 777X, set initially to recommence in 2024.
Positive results
Large jet orders have recently boosted the manufacturer's balance sheet, increasing its overall value on the stock market on Wall Street. While the manufacturer's Q2 was positive, it still sits behind fierce rival Airbus regarding deliveries and orders.
June 2023 shows that the manufacturer made 60 deliveries and took orders for 304 aircraft. These numbers represent a substantial increase from the 50 deliveries and 69 orders seen in May 2023. Throughout Q2 (April through June 2023), Boeing delivered 136 aircraft, including 103 737 MAX and 20 787s, and took orders for 407 more.
Regarding widebody aircraft, Boeing delivered 20 787s to 12 different customers, including two 787-10s to Taiwan's EVA Air. Oneworld member airlines were well represented in Boeing's Q2 delivery statistics, with American Airlines, Qantas, and British Airways, taking delivery of three 787-8s, two 787-9s, and two 787-10s, respectively.
Looking into Q2, Boeing took an impressive 407 orders from April through June 2023. By far, the most significant order came from Air India, which opted for 190 737 MAXs, ten 777Xs, and 20 787-9s. Fellow Indian carrier Akasa Air also ordered four 737 MAXs, to join the 19 already in service with the airline.
Sources: Seattle Times