Boston, MA 10/03/2014 (wallstreetpr) – The Boeing Company (NYSE:BA) is witnessing strong demand of airplanes from customers worldwide and therefore it intends to raise the production on the 737 program. It has plans to make 52 airplanes per month in year 2018 compared to the production of 42 airplanes per month in this year. It will first achieve the objective of 52 airplanes per month and then will manufacture more than 620 airplanes per year. It is a key production number for the single-aisle airplanes.
The key features
The Boeing Company (NYSE:BA)’s range of 737 Max and 737 Next-gen airplanes are one of the best-selling commercial planes in the industry. They are known for their unmatched efficiency and reliability. Ray Conner, President and the CEO of Boeing, said that the 737 planes are the best option for the first-time buyers as well as for fulfilling the replacement needs. It enables the carriers to carry out their operations successfully by delivering high-quality customer experience and delivering lower operating economics.
The increase in production
As of now, Boeing manufactures 42 airplanes per month and expects to enhance the production t0 47 airplanes per month in 2017. The production is carried out at its Renton, Wash., factory. The Boeing Company (NYSE:BA) is continuously achieving record level production rates every year. The increased production is matched with the enhanced safety, productivity and quality. Beverly Wyse, VP and General Manager of Boeing, gave credit of Boeing’s success to its suppliers, employees and community support.
The future outlook
Boeing expects the demand for commercial airplane to cross 25,000 single-aisle airplanes in the next 20 years. It projects a market value of approximately $2.56 trillion. The air traffic volume is expected to match the demand of rise in commercial airplanes. Single-aisles market is expanding and is the fastest growing segment in the aerospace industry. As of now, Boeing has orders of over 12,100 single-aisle airplane from 266 customers worldwide.
