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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Finance

Finance

Boeing Orders Make $8.8 Billion

Recently Boeing confirmed the order of 80 of its 737 MAX 8 airliners. The aircraft maker made $8.8 billion for the company. While this is good news, Boeing didn’t quite reach its goal to sell as many jets as it made.

Even though Boeing delivered 681 jets in the fall, they made between 745 and 750. The numbers have the potential to rise, though. Friday Boeing will list a sales update for 2016. The plane maker earns a large part of its profit through deliveries of planes.

General Electric Capital Aviation Service(GECAS) was one to place an order. For those orders, Boeing delivered at least 75 737 MAX 8s for an estimated $8.25 billion. General Electric produces the engines for the 737s. GECAS has the largest order of Boeing planes, 170 737 MAXs, then any other company.

Travel Service, one of the largest Czech Republic airline companies, makes up the remaining $550 million worth of orders.

Many of the company’s largest orders are for the 737 planes which are just single-aisle planes. Sales for its expensive models like the 777, which has a wider body, are a bit slower. Because its widebodies planes, like the 777 have a slower sales rate, production was cut by 40 percent.

Through December, Boeing took over 470 orders. In addition, Jet2.com has since placed an order for four 737-800s. There was a cancellation by Delta who retracted their order for 18 of Boeing’s 787 Dreamliners.

The 737 MAX received 3,400 orders and the first of its deliveries estimated to be the beginning half of 2017.


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