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Boeing Did Not Receive Any Orders In July And Delivered 4 Airliners To Customers

Boeing Did Not Receive Any Orders In July And Delivered 4 Airliners To Customers

American aircraft manufacturer Boeing did not receive any new orders for aircraft in July and delivered only 4 Airliners to customers.

Also, customers of the airline last month canceled orders for 43 737 MAX aircraft, flights of which are suspended still.

In June, Boeing handed over ten aircraft to customers, and in May – 4.

Low supply volumes are associated with logistical difficulties resulting from the coronavirus pandemic, writes the Wall Street Journal. Besides, airlines are not looking to buy new planes amid weak demand for air transportation, which is also due to the pandemic.

Boeing's stock of ready-made aircraft continues to grow as their production outstrips sales, which puts pressure on the airline's finances.

Boeing's European competitor, Airbus, delivered 49 aircraft in July and received orders for four aircraft.

Both Boeing and Airbus have significantly reduced production, as airlines cancel orders and postpone new ones due to falling demand for their services. According to the forecast of the International air transport Association (IATA), air traffic this year will be more than 60% lower than last year, and will not return to 2019 levels in the next four years.

In July, Boeing delivered 2 787 Dreamliners to customers, as well as one 777 and 767 model aircraft each.

Boeing's order book decreased to 4,496 thousand aircraft after removing orders for 9 MAX aircraft from it.

Boeing shares are up 3.2% in trading on Tuesday. Since the beginning of this year, their cost has fallen by 43%.