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Wednesday
July 2019
3:33 AM IST
News Headlines
Sindhu looks to complete unfinished business in Japan        Griezmann says heart with Barca after ugly Atletico exit        Kotak Mahindra Bank Q1 consolidated up 23 pc; standalone net jumps 33 pc to Rs 1,360 cr        Investor wealth plummets over Rs 4 lakh cr in 3 days of market fall        China says Hong Kong protests 'absolutely intolerable'        Britain's May chairs emergency session on seized tanker        SC to hear on Aug 6 plea by Ahmed Patel against Guj HC order on his election to RS        Nadda pulls up Pragya Singh Thakur for her toilet remarks        Chandrayaan-2 illustrates India's determination to scale new frontiers of science: PM        India's second moon mission launched successfully; ISRO takes control of spacecraft        Ramya Haridas to not accept Youth Congress' car gift        ICC ran out of patience with Zimbabwe cricket: Flower        Pragya's latest: Have not become MP to clean toilets        Want to be an Indian superhero in Avengers: Taapsee Pannu        Have been able to achieve balance between commercial and parallel cinema: Sonakshi        Mahershala Ali to star in Marvel's 'Blade' reboot        Sindhu ends runner-up at Indonesian Open        UK car sector accelerates towards electric future        China importers seek to lift tariffs on US farm goods: State media        LIC offers Rs 1.25 lakh cr line of credit by 2024 to fund highway projects: Gadkari        
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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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ENTERTAINMENT NEWS
Want to be an Indian superhero in Avengers: Taapsee Pannu
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Mahershala Ali to star in Marvel's 'Blade' reboot
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KERALA NEWS
Ramya Haridas to not accept Youth Congress' car gift
 Thiruvananthapuram: Congress MP from Alathur Ramya Haridas Sunday said she will not accept the car w
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NATIONAL NEWS
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 New Delhi, Jul 22 (PTI) The Supreme Court Monday fixed August 6 for hearing the plea of senior Congr
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Pragya's latest: Have not become MP to clean toilets
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