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Boeing Commercial Jets Deliveries Reach New Record

Boeing Commercial Jets Deliveries Reach New Record

Boeing Co announced that it delivered 762 jetliners in 2015 a new record for the company as airlines around the globe continued expanding and adding to their fleets despite the weakening growth in economies in some of the larger emerging markets.

The company is likely to maintain its spot as being the largest maker of planes in the world for the fourth straight year. Through November, Europe based Airbus Group delivered 556 planes.

However, the new orders for Boeing almost halved compared to a year earlier, which left it trailing Airbus in overall sales.

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Boeing, which in 2014 delivered 723 aircraft, continues to increase production while working through its backlog of nearly 5,800 jets.

The order boom in the industry has been pushed in large part by versions that are more fuel-efficient of both companies top selling jetliners that are single-aisle.

Airbus in 2015 signed deals for over 1,000 new planes across all its different models, reflecting the head start it has with selling its new family of A320neo jets.

Boeing hoped to match orders to 2015 deliveries, having said that airlines as well as lessors were easing back on new deals following three consecutive years of signing 1,200 or more new orders.

Cancellations have remained below averages despite growth slowing in large markets like China.

Higher production from Washington and South Carolina factories is central to the plans of Boeing to fund a large program for share buyback and to bolster its business with the military until the spending starts in the Pentagon over the upcoming years.

Boeing, which in July will celebrate birthday No. 100, beat its delivery target of 755 jets thanks to boosting production of its 737 single-aisle planes and its 787 Dreamliner.

The company has added 768 net orders and received 110 cancellations during 2015, in comparison to 1,432 orders with 118 cancellations during 2014.

Boeing Commercial Jets Deliveries Reach New Record

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