Boeing said it won an order from an unidentified customer for a 737 MAX to be used as a private jet, its first MAX deal since April
By Doug Cameron Updated Oct. 8, 2019 4:29 pm ET Boeing Co. BA -0.65% booked its first 737 MAX order since April but also reported cancellations for 22 of its 787 Dreamliners, which will leave the embattled aerospace giant seeking more customers for its twin-aisle jets.
Analysts expect Boeing to deliver around 440 jetliners this year if regulators sign off on fixes to the MAX that allow shipments of the aircraft to resume this year. European regulators have raised heightened concerns about proposed fixes to the plane’s flight-control systems that could delay its return, The Wall Street Journal reported on Tuesday.
The uncertainty over the return of the MAX has made the 787 a key focus for investors. The Dreamliner is one of Boeing’s biggest cash generators and is expected to deliver a bigger share of profits as Boeing absorbs compensation claims from MAX customers. Boeing is producing 14 of the 787s each month but production has hit that delivery rate only twice this year. September deliveries were hit by the temporary shutdown of the Boeing plant in North Charleston, SC, because of Hurricane Dorian.
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