Boeing Reports 1Q Deliveries, Lowers 737 MAX Production

Geraldine Edwards
April 12, 2019

Two crashes, one in October a year ago and another last month, killed 346 people and led to the grounding of the aircraft worldwide.

Boeing is cutting production of the 737 MAX 8 by 19% from 52 planes per month to 42 beginning in mid-April while it continues work on a software fix to avoid the malfunction that resulted in two fatal crashes of passenger planes, Boeing CEO Dennis Muilenburg announced Friday in a statement.

Total orders, an indication of future demand, fell to 95 aircraft in the first quarter from 180 a year earlier.

Still, Boeing is ahead of its European rival Airbus, which last week said it had won 62 gross orders during the first three months of 2019, but some 120 cancellations left it with a negative net order.

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A 737 Max aircraft is examined at the Boeing factory in Renton, Wash., on March 27, 2019.

The firm is the second largest operator of the Boeing 737 Max 8 in the US.

Boeing said at the weekend it is cutting production of its 737 jetliner for the first time since the September 11 attacks in NY as the plane maker works to limit financial damage from the global grounding of its newest and best-selling aircraft model.

China has made a decision to accept the invitation to join the U.S. Federal Aviation Administration's (FAA) review panel on the automated flight control system of the Boeing 737 MAX, said the country's top aviation regulator on Tuesday.

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The family of a Minnesota man who died when an Ethiopian Airlines plane crashed last month has filed a wrongful death lawsuit against Boeing, the manufacturer of the 737 Max aircraft that was involved in the crash and is now being investigated by US prosecutors.

Boeing disclosed Tuesday that it received no new orders for the Max in March.

American says revenue for each seat flown one mile will be flat to up 1 per cent, down from its initial forecast of flat to up 2 per cent.

Boeing began taking orders for the single-aisle jetliner in 2011 and delivered its first Max plane to Malindo Air, a subsidiary of Lion Air Group, in May 2017.

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March deliveries are more than half the rate of deliveries in the two previous months, which amounted to 24 MAX jets in January and 27 in February.

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