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Boeing delivers 46 jets in January

Reuters 

By and Ajmera

(Reuters) - delivered 46 aircraft in January, two more than a year earlier, as the world's biggest planemaker gears up for another year of record sales amid booming demand from the

The company's shares rose as much as 1.5 percent to $409.90.

Investors and analysts keep a close watch on the number of planes Boeing turns over to airlines and leasing firms for cues on the company's revenue and cash flow.

European rival SE delivered 39 aircraft in January, up from 27 planes a year earlier.

Boeing won 43 net orders last month, beating Airbus, which did not report any wins and had 13 cancellations dominated by the superjumbo aircraft.

Of those orders, 18 were for jets, as Boeing ramps up production rate for its wide-body aircraft to 14 per month from 12 in 2018.

"There continues to be some pent-up demand (for the 787)," Jefferies wrote in a note.

"The order (for the longest version of the 787 jets - the 787-10) is notable given it is the first since June 2017 when ordered 19 of the variant."

The remaining orders are for a military version of Boeing's best-selling 737 aircraft, the maritime patrol aircraft, from Britain, and the United States, as well as commercial sales to unidentified customers.

Boeing delivered 806 aircraft last year, missing its target by four jets as the company was hit by fuselage and engine delays at its suppliers.

Despite that it retained the title of the world's biggest planemaker for the seventh straight year. delivered 800 planes in 2018.

The U.S. planemaker has set a target of 895 to 905 commercial aircraft deliveries for 2019.

(Reporting by and in Bengaluru; Editing by and Anil D'Silva)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 00:19 IST
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