Boeing receives a “new slap” … and Airbus rebound

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BoeingIn Chicago, in light of cancellations and changes to previous orders, it received no more than 54 new aircraft orders in 2019 and delivered less than half of the number it delivered a year ago, to lose the lead in favor of its European rival for the first time in 8 years.

Total orders plunged 77 percent to 246 in 2019, and after an accounting adjustment in light of previous years’ orders that are now unlikely to be delivered, Boeing said net gross orders for the year had plunged to minus 87 aircraft.

As a result, the ratio of orders to deliveries recorded a negative 0.23 in 2019, and the company said unnamed clients canceled orders for three 787-9 in December and another customer canceled an order for the 787-8.

After 10 months of preventing the flight of the Max model after two damaging crashes, which are believed to be the result of aircraft system malfunctions, Boeing still has an order book for more than 5,400 commercial-style mid-and short-haul flights.

By comparison, she said Airbus Earlier this month it had received 768 net orders last year after cancellations and had delivered a record number of 863 aircraft.

Boeing said deliveries had dropped 53 percent to 380 aircraft over the whole of the past year, as a halt to Max’s operation prevented aircraft from being delivered to customers, forcing them to stop production earlier in the month.

And it gets Aircraft makers On most of their revenue when delivering the aircraft, minus any interim payments that have already taken place, which increases the importance of deliveries to their financial condition.

Analysts estimate that Boeing loses about $ 1 billion a month due to the flyby ban and the company announced a negative free cash flow of about $ 3 billion in the third quarter of 2019, releasing fourth-quarter numbers on January 29.

Boeing broke away from its CEO Dennis Mullenberg Last month, when he seemed unable to achieve a breakthrough in the crisis.

The company is still working on a repair The plane Max It is unclear when it might get the green light from regulators to put it back into service, which worries analysts and investors about its opportunities in 2020.

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She mentioned BoeingIn Chicago, in light of cancellations and changes to previous orders, it received no more than 54 new aircraft orders in 2019 and delivered less than half of the number it delivered a year ago, to lose the lead in favor of its European rival for the first time in 8 years.

Total orders plunged 77 percent to 246 in 2019, and after an accounting adjustment in light of previous years’ orders that are now unlikely to be delivered, Boeing said net gross orders for the year had plunged to minus 87 aircraft.

As a result, the ratio of orders to deliveries recorded a negative 0.23 in 2019, and the company said unnamed clients canceled orders for three 787-9 in December and another customer canceled an order for the 787-8.

After 10 months of preventing the flight of the Max model after two damaging crashes, which are believed to be the result of aircraft system malfunctions, Boeing still has an order book for more than 5,400 commercial-style mid-and short-haul flights.

By comparison, she said Airbus Earlier this month it had received 768 net orders last year after cancellations and had delivered a record number of 863 aircraft.

Boeing said deliveries had dropped 53 percent to 380 aircraft over the whole of the past year, as a halt to Max’s operation prevented aircraft from being delivered to customers, forcing them to stop production earlier in the month.

And it gets Aircraft makers On most of their revenue when delivering the aircraft, minus any interim payments that have already taken place, which increases the importance of deliveries to their financial condition.

Analysts estimate that Boeing loses about $ 1 billion a month due to the flyby ban and the company announced a negative free cash flow of about $ 3 billion in the third quarter of 2019, releasing fourth-quarter numbers on January 29.

Boeing broke away from its CEO Dennis Mullenberg Last month, when he seemed unable to achieve a breakthrough in the crisis.

The company is still working on a repair The plane Max It is unclear when it might get the green light from regulators to put it back into service, which worries analysts and investors about its opportunities in 2020.



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