All articles tagged with #aircraft orders
Boeing's stock rose after reports that the FAA will ease restrictions on aircraft deliveries, allowing the company to increase production and perform final safety checks on the 737 Max. Major orders from Norwegian Group and Turkish Airlines also contributed to the positive outlook, with Turkish Airlines planning to double its Boeing fleet. The FAA's approval could come soon, boosting Boeing's production rate and stock performance.
Boeing's stock rose following significant order announcements, including a record deal with Uzbekistan Airways for up to 22 Dreamliners, nearing a major sale to China for up to 500 aircraft, and potential military and commercial deals with Turkey, signaling a strong rebound in its global sales and a possible trade breakthrough with China.
The escalating conflict between Israel and Iran is causing market instability, with U.S. futures slipping and travel stocks falling, while aircraft manufacturers like Airbus secure billions in orders at the Paris Air Show. Meanwhile, Japan faces its highest inflation in two years, and Meta attempts to acquire an AI startup, with other market movements including a slump in Pop Mart shares and Berkshire Hathaway's stock decline post-Buffett.
At the 2025 Paris Air Show, Airbus secured 142 firm orders and 103 MOUs, driven by strong demand for the A350 and A320neo families, while Boeing scaled back its presence following the recent Air India crash and did not announce new orders. Embraer also made notable sales, including 60 E175s and military aircraft orders. The show was relatively quiet aside from these deals, with Boeing facing challenges due to recent tragedies and technical issues.
The Paris Airshow opens amid concerns over India's deadly Boeing 787 crash and escalating Middle East missile strikes, leading to a more subdued industry atmosphere with reduced Boeing presence, while Airbus is expected to secure major orders, including a significant deal in Poland.
Boeing's aircraft orders reached their highest since late 2023 with 303 gross orders in May, as the company aims to compete with Airbus and stabilize production near FAA limits, with upcoming deals expected at the Paris Air Show.
Boeing stock has risen over 60% since April and was upgraded to a buy rating by BofA, citing improved operations and its role in trade negotiations. The company is increasing production, with plans to boost aircraft output, and is in talks for significant new orders, including potential deals with Air India. Boeing's stock performance reflects investor optimism amid operational progress and geopolitical factors.
United Airlines has reportedly asked Boeing to stop producing the 737 Max 10s it ordered and instead build Max 9s due to extended delays and uncertainty over certification. The airline is also considering purchasing Airbus A321s if the deal is economically viable. This decision comes amid increased scrutiny of Boeing following a recent incident involving a 737 Max 9 plane and reports of failed audits during FAA examinations. Boeing has announced additional compliance checks and audits to address quality issues in its 737 Max manufacturing processes.
Boeing's aircraft orders and deliveries dropped in January due to the fallout from a midflight fuselage panel blowout on one of its 737 Max 9s. The company handed over 27 planes, its lowest tally since September, and sold three Boeing 737 Max planes while logging three cancellations. Boeing executives are working to address manufacturing processes and quality control issues after a series of production glitches. The Federal Aviation Administration has halted Boeing's planned production increases until it is satisfied that these issues are resolved.
Ryanair has informed Boeing that it is willing to purchase any 737 MAX 10 aircraft that U.S. customers refuse to accept, stating that it would do so at the right price. This comes after United Airlines indicated it would reconsider its fleet plan to exclude the MAX 10 model following regulatory and delivery delays, as well as a recent incident involving a new Alaska Airlines plane. Ryanair, which already has 150 firm orders for the MAX 10, sees the aircraft as "transformational" and is hopeful for its certification by the end of the year and commencement of flights in 2025.
Despite recent safety concerns and stock selloff, Boeing's strong book of aircraft orders is seen as a source of optimism by Wall Street analysts, with expectations of steady cash flow. The company's reputation has been tarnished by recent incidents, including a fuselage panel blowing out of one of its 737 Max 9 jets, prompting a regulatory probe and grounding of the aircraft. However, analysts have maintained relatively stable price targets for the stock, citing the potential for a surge in global flight demand and limited competition. While risks remain, including safety issues and potential delivery disruptions, Boeing's robust order pipeline and cash flow projections continue to underpin its long-term prospects.
Delta Air Lines doubled its fourth-quarter profit due to strong travel demand, particularly for international trips, but trimmed its 2024 earnings forecast to between $6 and $7 per share, below its previous prediction of over $7. The company's stock fell 5% in premarket trading as a result. Despite the positive outlook for travel demand, Delta faces challenges with the aerospace supply chain for parts and repairs, and the airline industry was recently rocked by an incident involving a Boeing 737 Max 9. Delta also announced an expected order for 20 wide-body Airbus A350-1000 aircraft, with deliveries starting in 2026.
Airbus reported a record 2,319 gross orders and 2,094 net orders in 2023, with 735 deliveries, maintaining its lead over Boeing for a fifth year. CEO Guillaume Faury expressed confidence in meeting future delivery targets and noted improved flexibility in the industrial system. Meanwhile, Boeing delivered 528 aircraft and booked 1,314 net new orders, facing ongoing production challenges. Both companies are navigating supply chain tensions as demand for aircraft, particularly wide-body jets, rebounds faster than expected post-COVID-19.
Emirates airline's commitment to the Boeing 777X, with an order for 95 twin-aisle aircraft, highlights both its frustration with delays in the widebody's development and the changing dynamics of the global aviation market. Over the past decade, Emirates has faced delays and cancellations, while new competitors have emerged. Despite ordering 455 widebody aircraft since 2013, the airline has received only 30, all A380s, as production and pandemic-related delays have impacted its order book.
Middle East carriers, including Emirates and flyDubai, are expected to announce significant aircraft orders at the Dubai Airshow, with Emirates likely to order several dozen Boeing 777X jets. Despite concerns about the impact of Mideast tensions on the travel sector, the region's airlines are looking to renew confidence in long-haul jets. Turkish Airlines is also in talks to buy up to 355 Airbus jets, while Saudi Arabia's Riyadh Air is rumored to be considering a large order for narrowbody jets. The Dubai Airshow is taking place against the backdrop of the Israel-Hamas war in Gaza, which has led to a drop in flight bookings to the Middle East.