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Boeing may increase B737 and B777 production

10-Mar-2010 11:01 AM

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.