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In January, Boeing got no orders for aircraft production

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In January, Boeing got no orders for aircraft production
February 12
13:00 2020

According to Boeing representatives, in January they didn’t receive any order for the aircraft production.

Last month 13 aircraft were delivered.  737 Dreamliner and 777 were among them. In addition, it is about KC-46A tankers for the US Air Force. There wasn’t any order cancellation then. Last year, the company lost orders for 200 planes of the model 737 Max as their flights were suspended after 2 crashes.

In January 2019, Boeing received 45 orders and assembled 46 aircraft.

According to the Wall Street Journal, the coronavirus epidemic is one of the reasons for the lack of orders. It is the difficult situation in China that forces Asian customers to take time with orders.

The number of trips has fallen sharply. The most popular aerospace exhibition in Singapore might be jeopardized.

The company representatives say the negotiations on the sale of mid-size models will begin after the flights of the Max model are resumed. The deadline for their return has been moved to the middle of this year. Boeing believes that regulators will not allow airplanes to return to the sky earlier.

Airbus, European main competitor of the American Boeing, has set a record for the number of orders. In January, they received 274 orders. 31 airplanes have been already delivered. Representatives of the European aviation giant have reported that the production in Tianjin has been resumed. Chinese authorities suspended it because of coronavirus.

Of course, Boeing has had problems because last year there were two Boeing 737 Max aircraft crashes. The first catastrophe killed 157 people in March the accident in October caused the death of 189 people.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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