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Boeing delivers 22 jets in August, 737 MAX
'white tails' nearly gone
SEATTLE/PARIS (Reuters) -Boeing Co delivered 22 airplanes in August amid
revived domestic travel and won orders for seven 787s in a respite for a program
hobbled by industrial defects and a halt in deliveries.
The closely watched monthly snapshot comes as Boeing tries to recoup
billions of dollars in lost sales from the coronavirus pandemic, and move beyond
a safety scandal caused by two fatal 737 MAX crashes.
Of the 22 jetliners delivered last month, 14 were 737 MAX passenger jets
and two were P-8 maritime patrol aircraft.
The remaining six jets were widebodies, including three KC-46 tankers for
the U.S. Air Force.
For the year to date, Boeing has delivered 206 aircraft.
European rival Airbus delivered 40 jets in August to reach 384 since the
start of the year.
Through August, Boeing had delivered 169 of its best-selling 737 MAX jets
since that aircraft returned to service in late 2020 following a nearly two-year
safety ban.
Crucially, Boeing has virtually eliminated a stockpile of up to 200
unwanted jets known in the industry as "white tails," left by the MAX crisis,
according to industry sources.
But it is grappling with structural defects in its bigger 787, which have
caused it to cut production and halt deliveries.
Boeing nonetheless struck an optimistic note with higher industry forecasts
on Tuesday, citing a recovery in domestic markets, although international travel
remains depressed and coronavirus variants pose potentially new risks.
Boeing said it received orders for 53 aircraft in August, including 35 MAX
and 18 widebody aircraft.
Those include 11 777 freighters - one for FedEx Corp and 10 more from a
buyer or buyers Boeing declined to identify.
Total orders for August, after cancellations and conversions, stood at
23.
That brings orders for the year so far to 683 or 280 after cancellations,
ahead of Airbus' net total of 132.
INDIAN DEAL
Industry sources said Boeing is close to winning an order for some 70-100
737 MAX jets from India's Akasa, a budget startup founded by billionaire Rakesh
Jhunjhunwala, pending separate talks on a long-term engine service deal.
But it remains in a dispute with Irish budget airline Ryanair, one of its
biggest customers, over the pricing of a potential order for up to 250 MAX jets
as demand for new airliners picks up in Europe.
Ryanair says it is not prepared to bow to Boeing's pricing demands amid
uncertainty over COVID-19 trends and suspended talks last week.
Market sources say Boeing has signalled more confidence on prices after
securing orders from United Airlines and others, and after finding homes for all
but 20 of the "white tails".
European sources accuse Boeing of slashing prices aggressively to win
deals, a charge it denies.
Asked on Tuesday about supplies of MAX jets, Stephen Jones, chief executive
of Flair Airlines, told Reuters in Montreal, "I think it has tightened up quite
a lot." The airline secured MAX jets at what he called a "great price" in March.
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