![]() The North Line, as the new one is called, has an operational target date of 2024. Boeing announced it is adding a fourth 737 production line in Everett (WA), the site of all its widebody production. The trans-Atlantic is back to pre-COVID levels.” Trans-Pacific and Asia traffic is gaining momentum, he said. Last year, we had 200 widebody orders, the most since 2018. As international traffic begins to recover, “we are seeing a pickup in conversations with customers. Sales slots for the 737 are sold out through 2026, West said. The supply chain is still unstable but getting better. Getting there is the function of the supply chain and the skilled labor force,” he said. “What’s important is that the factory space is there, the tooling is there and the labor is there. Although Spirit AeroSystems, which makes the 737 fuselages, is planning on a production rate of 42/mo by year-end, West is sticking with a top rate of 38/mo this year. West expects seven MAXes a month from inventory, gradually increasing to 10-12 a month. Boeing guided 400-450 MAX deliveries this year from the factory and inventory. Then deliveries will accelerate throughout the year,” he said. We will have lower February deliveries, in the low 20s. We have to relieve production of all the rework. The inventory of the 737 and 787 has to unwind. “A couple of two really big, important things that have to happen. In terms of where we’re at with recovery, we know where we’re headed.”īut, West said, there are two top priorities for this and next year in the recovery stream. “We still feel momentum coming into this calendar year. 1 priority of the investment community and by extension, the Boeing C-Suite. “It was an important milestone to generate positive cash flow,” West said at the top of his discussion-highlighting the No. But there are always a few nuggets to come out of these appearances. There was little new since Boeing held its own investors’ day on Nov. Revenues are up at Commercial Airplanes and Global Services, though down at Defense.īrian West, the CFO, outlined Boeing’s outlook during an appearance at a Cowen Co. Even the 777X won 10 orders, from Air India, after a long, long drought. A host of defense programs are in money-losing positions.īut orders picked up nicely for the 737 and 787. Certification of the 737-7 and 737-10 has yet to be achieved. Production of the 737 and 787 remains erratic. There’s $51bn in total debt (more than $34.5bn in net debt), with $5.2bn coming due this year. 21, 2023, © Leeham News: Boeing will have some bumps in the road (or maybe I should say, some turbulence) now and then, but its chief financial officer is confident the company is solidly on its way to recovery.
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