By Eric M. Johnson SEATTLE, Nov 10 (Reuters) - Boeing Co BA
By Eric M. Johnson
SEATTLE, Nov 10 (Reuters) – Boeing Co BA.N misplaced one other 12 orders for its grounded 737 MAX jetliner in October, and delivered 13 plane to clients, down from the 20 jets delivered in the identical month a 12 months in the past, firm knowledge confirmed on Tuesday.
For the second straight month, the carefully watched month-to-month snapshot revealed 787 Dreamliner high quality flaws and the coronavirus pandemic stored hampering Boeing’s efforts to develop an alternate money cow to the 737 MAX.
The U.S. Federal Aviation Administration (FAA) appearedabout every week away from lifting a March 2019 security ban, though the pandemic stored hammering demand for jets from Boeing and European rival Airbus AIR.PA.
Airbus offered 11 jets final month and booked 72 jet deliveries, easing considerations over a cash-depleting overhang of undesirable jets.
The European Union’s choice to impose tariffs of 15% on Boeing planes this week might hobble its jet deliveries in Europe.
Boeing mentioned it misplaced orders for 4 737 MAX jets from China Growth Financial institution Monetary Leasing Co, one from Czech Airways proprietor Smartwings, three from Oman Air, and 4 from an undisclosed purchaser or consumers.
Canceled MAX orders, together with these the place consumers transformed to a unique mannequin, was 448 jets – and 460 for all jets throughout Boeing’s portfolio, Boeing mentioned.
For 2020 by way of October, the variety of MAX orders canceled, or faraway from Boeing’s official backlog when it applies stricter accounting requirements, stood at 1,043 plane.
For deliveries – a key metric since clients hand over many of the cash on the time they decide up new plane – Boeing handed over 13 twin-aisle jets in October, in comparison with 20 a 12 months earlier and 10 in September.
That brings complete deliveries to 111 plane within the 10 months by way of October 2020, down from 321 for a similar interval a 12 months in the past.
The October supply tally included one P-Eight maritime patrol plane, one 747 and three 767 freighters to United Parcel Service UPS.N, two 777 freighters to China Cargo Airways, one 777 to German logistics firm DHL, and one 777-300ER to Dubai-headquartered Novus Aviation Capital, Boeing mentioned.
Boeing additionally delivered 4 787s in October: one 787-Eight to American Airways AAL.O, one 787-9 to Leasing big AerCap, one 787-10 to Abu Dhabi’s Etihad Airways, and one 787-10 Saudi Arabian Airways.
(Reporting by Eric M. Johnson in Seattle; modifying by Jane Wardell and David Gregorio)
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