Boeing has published their data, and we have updated our model. Notes: Gross orders were 63, including 40 MAX from Avia Solutions Group, 40 options, six MAXs for another undisclosed customer, and 10 787s for LATAM. Seven 777Fs were for an undisclosed customer. There were no cancellations, and three aircraft moved from the ASC 606 reserve made 66 net orders. Year-to-date, gross orders hit 378, net orders 141. Deliveries YTD: 305. Backlog: 5.462 aircraft. The strike had a big impact—14 deliveries, including nine MAXs, four 787s, and one 767-300F. The following chart provides some historical perspective on Boeing's situation. [caption id="attachment_87520" align="aligncenter" width="640"] AirInsight[/caption] The damage from the strike is significant, but it follows several years of Boeing falling behind Airbus. It seems reasonable to ask how much confidence does the industry (lessors and airlines) has in Boeing? New management and the response to the strike have been less than stellar. There's a lot of work to do. Even the latest MAX order is for the -8, a Boeing best seller, but not where the market is headed. The lack of visibility on MAX 7 and MAX 10 is a concern. The following chart highlights the urgent need for the MAX 10. [caption id="attachment_87521" align="aligncenter" width="580"] AirInsight[/caption] Boeing's story needs to improve ASAP. Perhaps the new administration can help, but that may be a long shot.
