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10-Mar-2010 11:01 AM

Boeing may increase B737 and B777 production

Boeing Commercial Airplanes CEO, Jim Albaugh, stated the manufacturer may increase B737 production rates by the end of 2010 and may make an announcement by Apr-2010 regarding B777 production, which could increase to six or seven aircraft per month from 2011, reversing an earlier plan to reduce B777 output (Dow Jones, 10-Mar-2010). The CEO also stated he expects airlines to continue to move towards leasing.

Boeing Commercial Airplanes: "We see the cycle coming back… We think we'll see the airlines come back into the market in 2012… Right now we're overcommitted [on B737 deliveries] through 2012. There aren't too many people that want to move to the out-years…I think the trend in airline operation is toward leasing. While some leasing orders will wash out, others will take their place," Jim Albaugh, CEO. Source: Dow Jones, 10-Mar-2010.