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Sunday, November 26, 2017

Could Boeing Exceed 1,000 Net Orders For 2017?

A very interesting questions as per usual answer. "It depends". Boeing is moving forward with several big orders as we read. First, it is best to mention it already has booked 662 net orders to date for this year. It is also important that it has several big deals not yet booked but already counted as "sold" transactions. It will be interesting how or when those transactions will be reported by Boeing. 

First is the 225 flydubai orders for the 737 Max signed for at the Dubai Airshow. Then there is the 787-10 order for 40 Emirates signed at the same show. The 662 net orders added to the 265 just mentioned, and not booked yet by Boeing, comes to a total 927 net orders if it is added by December 31, 2017. There remains another 73 orders needed for adding during December to make an even 1,000 Boeing aircraft by year's end. The occurance of this happening becomes "very possible".

Otherwise, if it doesn't come out during 2017, its 662 net orders already booked is a very good year for Boeing. On the flip side, is the year 2018, which should include any airshow orders not booked during 2017. Anyways, that would make for a decent 2018 starting point. Airbus has in its hip pocket 430 NEO commitments just announced for a multiple of airlines through a purchasing consortium, Indigo Partners. 

It may take some time to firm up those airline orders. Even if Airbus does book the 430 NEO's by year's end, it will not catch Boeing in units booked for 2017. There remains a few surprises before year's end for both manufacturers. 

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