Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Boeing 737 MAX deliveries shrink to four planes in April due to electrical issue

Published 05/11/2021, 11:02 AM
Updated 05/11/2021, 11:05 AM
© Reuters. Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. Picture taken July 1, 2019.  REUTERS/Lindsey Wasson

By Sanjana Shivdas

(Reuters) - Boeing (NYSE:BA) Co said on Tuesday 737 MAX jet deliveries fell to just four airplanes in April from 19 in the previous month, as the U.S. planemaker's best-selling aircraft struggles with an electrical problem that has re-grounded part of the fleet.

Boeing said last month it was halting deliveries of the jet again due to the electrical problem.

The planemaker started delivering the 737 MAX to airlines in December nearly two years after the jet returned to service following a lengthy safety ban.

The company said it delivered a total of 17 airplanes in April, bringing its deliveries to a total of 94 aircraft for the first four months of the year.

Apart from the four 737 MAX jets, Boeing said it delivered nine 787 Dreamliners, two 767s and two 777-freighters last month and booked 25 gross orders.

The gross orders include five previously announced 777-freighters for Silk Way West Airlines and 20 orders for the 737 planes - 14 for Dubai Aerospace Enterprise, three for Air Lease (NYSE:AL) Corp and three for unidentified customers.

Boeing said customers canceled 17 737 MAX airplane orders in April. Net of cancellations and conversions, Boeing booked eight aircraft orders last month and had no adjustments for stricter accounting standards.

© Reuters. Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. Picture taken July 1, 2019.  REUTERS/Lindsey Wasson

The company's gross orders for the first four months were 307 airplanes. Net orders after accounting adjustments were 84 aircraft for the same period, Boeing said, up from 76 planes in March.

Boeing said its official backlog fell to 4,045 aircraft orders in April, from 4,054 aircraft orders in March.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.