17
Tuesday
September 2019
10:18 AM IST
News Headlines
Pakistan recall Umar Akmal, Ahmed Shehzad for uncertain Lanka series        Kohli holds on to 2nd spot as Smith retains number one position in ICC Test Rankings        Steve Smith 'proud' after summer of Ashes redemption        Some 46,000 General Motors auto workers strike in US        Sensex cracks nearly 300 pts; oil and gas stocks tank        Trump to join Modi in Houston to address 50K Indian-Americans, says White House        Car bomb kills 11 civilians in northern Syria: monitor        PM to visit Narmada dam on b'day to mark highest water level feat        Bribery case: CBI inspector surrenders before ACB        Centre should release funds for MP flood relief: Scindia        Cong, NCP to contest 125 seats each in Assembly polls: Pawar        21 Indians killed in 2,050 ceasefire violations by Pak this year: MEA        Government to rebuild Palarivattom flyover        CM demands PSC questions in Malayalam        Sourabh wins Vietnam Open Super 100 title        England close in on Ashes-levelling win after Broad double        Air India posts Rs 4,600 cr operating loss in 2018-19; aims operating profit this fiscal        SBI to move RBI to offer fixed-floating rate home-loans: Chairman        Hong Kong returns to violence with tear gas and Molotovs        36 people missing after boat sinks in Congo river: DRC police        
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International News
Boeing falls behind Airbus in deliveries as 737 MAX crisis bites
 
New York: Airbus is on track to overtake Boeing in commercial plane deliveries for 2019 after outpacing its US rival at mid-year following the 737 MAX grounding, according to data released Tuesday.

Boeing, which has halted deliveries of the top-selling plane since mid-March, reported 239 commercial plane deliveries in 2019 through the year's midpoint, down 37 percent from the year-ago period.

Airbus reported 389 deliveries for the same period, up 28 percent from the same period in 2018, according to data on its website.

If the numbers hold throughout the year, Airbus could replace Boeing as the world's largest aircraft maker.

Boeing's big decline in deliveries confirms the extent to which the 737 MAX crisis has dented its standing following two recent crashes that killed 346 people.

Boeing in June again reported no new orders for the 737 MAX.

Plane deliveries are tied to company revenues and closely monitored by Wall Street. Leading analysts have slashed their profit forecasts for Boeing due to the 737 MAX crisis, which has halted deliveries and forced the company to store planes after they are manufactured.

At the Paris Air Show in June, Boeing announced that it signed a letter of intent to sell 200 737 MAX planes to British Airways parent International Airlines Group. But the IAG order has not been officially booked yet.

On Monday, Saudi budget carrier flyadeal said it withdrew a provisional order for up to 50 Boeing's grounded 737 MAX jets and would instead buy up to 50 Airbus planes.

Morningstar analyst Danny Goode said he does not expect other carriers to follow flyadeal as long as Boeing is able to ensure reentry of the 737 MAX by the end of the year.

"While flyadeal's withdrawal is a bit concerning, we would seriously revisit our delivery forecast if a flagship customer like Southwest or Ryanair flipped to Airbus' A320neo or A220 platform," Goode said in a note.

"We remain confident in the 737 MAX's return to service." Boeing has developed a software upgrade to the 737 MAX after problems with a flight handling system were tied to Lion Air and Ethiopian Airlines crashes. But the jet has still not been cleared by regulators to resume work.

The Federal Aviation Administration last week identified a fresh problem during simulator testing, further clouding the outlook for the plane's return to service.

Boeing shares rose 0.6 percent to USD 353.23.


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36 people missing after boat sinks in Congo river: DRC police
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US extracted spy that confirmed Putin role in 2016 US vote: reports
Outgoing parliament deals new Brexit blow to British PM
Parliament deals British PM Brexit blow before suspension
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US, Taliban keep open door to talks after summit scrapped
Philippines confirms African swine fever, culls 7,000 pigs
Pak team leaves for Bangkok to hold meeting with FATF on terror financing
ENTERTAINMENT NEWS
'Game of Thrones' prequel series about Targaryen clan in works at HBO
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KERALA NEWS
Government to rebuild Palarivattom flyover
 Thiruvananthapuram: The state government has decided to demolish and rebuild Palarivattom flyover as
CM demands PSC questions in Malayalam
Tipplers guzzle Rs 487 crore worth liqour during onam
candidate selection for Pala by-election is an internal matter of KC(M): Chandy
NATIONAL NEWS
PM to visit Narmada dam on b'day to mark highest water level feat
 Ahmedabad: Prime Minister Narendra Modi, who turns 69 on Tuesday, will visit the site of the Gujarat
Bribery case: CBI inspector surrenders before ACB
Centre should release funds for MP flood relief: Scindia
21 Indians killed in 2,050 ceasefire violations by Pak this year: MEA
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