# Global Aircraft Forecast: Market Trends and Manufacturer Outlook

## Executive Summary

The global aircraft manufacturing industry is experiencing a complex recovery phase following the pandemic-induced downturn.

While demand for air travel has largely rebounded, both Boeing and Airbus face significant challenges in meeting this demand due to production constraints, geopolitical factors, and supply chain issues.

The market dynamics are shifting, with regional variations in recovery rates and changing long-term demand forecasts.

## Current Market Position

### Boeing vs.

Airbus Competition

Airbus has taken the lead in aircraft deliveries, particularly evident in 2024 where they delivered 142 planes in Q1 compared to Boeing's 83 deliveries.

This continues a trend that emerged after Boeing's 737 MAX crises and production halts following the 2018 and 2019 crashes.

Boeing's delivery numbers remain below pre-pandemic levels.

In 2021, Boeing delivered 340 aircraft, up from

# Global Aircraft Forecast: Market Trends and Manufacturer Outlook

## Executive Summary

The global aircraft manufacturing industry is experiencing a complex recovery phase following the pandemic-induced downturn.

Title:

Content: Boeing cuts its forecast for commercial aircraft demand
Despite widespread concerns, demand for cargo planes remains strong
Ayman Azzam
8: 47 PM, Sunday, 17 Jul 22
Boeing has cut its forecast for commercial aircraft demand for the coming decades as deliveries are weighed down by the prospect of slowing global economic growth and uncertainty about Russia.
In its latest long-term market estimate, Boeing expects manufacturers to deliver about 41,170 new aircraft to customers through 2041.
This is a slower pace than forecast a year ago, when the company estimated 43,610 deliveries over a 20-year period to 2040 (a 5.5% decline).
Boeing also cut its forecast for annual passenger traffic growth over the next 20 years from 4% to 3.8%.
The discounted outlook sheds light on how geopolitical and economic disruptions are permanently affecting the commercial aviation industry.
Boeing ’ s rival Airbus similarly lowered its forecast for travel demand for the next two decades, citing rising energy costs as a key factor behind the decline.
Reduced demand for new aircraft
Darren Holst, Boeing ’ s vice president of commercial marketing, said his company also expects lower global economic growth until 2041 than last year ’ s forecast, which also translates into lower demand for new aircraft.
The latest forecast by the U.S. planemaker rules out any possible future deliveries to buyers from Russia, which has already been excluded from the global aviation market due to sweeping sanctions imposed by the United States and other countries following its invasion of Ukraine.
Boeing predicted last year that Russian customers would make up about 1,500 aircraft sales over the next two decades.
Holst told reporters before issuing the forecast: “Russia is not a viable market for us. ”
Demand for commercial aircraft
Despite widespread concerns, demand for cargo aircraft remains strong, with the global fleet expected to grow to 3,610 aircraft in 2041, from 2010 aircraft in 2019.
Sales of new aircraft are expected to be strong over the next decade, as airlines strengthen their fleets to meet the burgeoning demand for air travel after the coronavirus pandemic.
Based on this estimate, Boeing estimates that airlines will need 19,575 new aircraft by 2031, compared to 19,330 by 2030 as projected last year.
Holst said: “There is a huge amount of airport runways waiting for the travel industry to return to normal levels. ”

Title:

Content: Boeing Will Likely Report First Profit in Six Quarters

Key Takeaways

  • Analysts estimate adjusted EPS of $0.11 vs. -$0.60 within the third quarter of 2021.
  • Business airplane deliveries, already introduced, missed estimates although they rose to the second-highest degree in practically 4 years.
  • Income is predicted to rise by essentially the most in six quarters as business plane demand recovers from the affect of the COVID-19 pandemic.

The Boeing Co. (BA), the second-largest plane producer on this planet by market capitalization, will most likely report its first revenue in six quarters as income development accelerates amid rebounding deliveries of business jets comparable to its 787 Dreamliner.

Boeing is more likely to submit adjusted earnings per share (EPS) of $0.11 in contrast with a loss per share of $0.60 for the prior-year quarter. It could be Boeing’s first revenue because the second quarter of final yr. Income is predicted to rise 18% year-over-year to $18 billion, the most important enhance in six quarters, based on a mean estimate from Seen Alpha. Boeing will launch outcomes earlier than the market opens on Oct. 26.

Demand for business jets plunged throughout the pandemic as provide chain bottlenecks and high quality management issues delayed manufacturing and deliveries. The corporate restarted 787 deliveries in August after greater than a yr of delays as the corporate made manufacturing adjustments to fulfill U.S. regulatory requirements. The restoration of world air journey additionally fueled demand for Boeing jets.

Boeing mentioned Oct. 11 that its key metric — business airplanes delivered — rose 32% to the second-highest in 15 quarters, regardless that it missed estimates.

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Boeing shares have fallen 33% within the final yr in contrast with a 17% drop within the S&P 500 Index.

Boeing Earnings Historical past

Boeing posted a complete of $21 billion in web working losses throughout the three years by way of 2021. The corporate additionally reported losses within the first two quarters of this yr.

Income declined in 4 of the 5 years by way of 2020, then rose 7% final yr earlier than dropping on this yr’s first half.

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Content: Wednesday 7 November 1445 AH - 15 May 2024 |
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Qatar Airways urges Airbus and Boeing to speed up aircraft deliveries to overcome travel crisis
Airbus and Boeing need to put more pressure on their suppliers to reduce delays in the delivery of new aircraft, the airline ’ s chief executive said on Wednesday, hindering airlines ’ ability to meet travel demand.
Badr Mohammed Al-Meer said during a panel discussion at the Qatar Economic Forum in Doha, "We...
“We ’ re really doing our best to help both Boeing and Airbus and trying to find solutions for them to make sure they take delivery. ”
"I know they are under a lot of pressure in terms of the supply chain market...
"But they need to put additional pressure on these suppliers to make sure that airline losses stop."
Demand for air travel has rebounded after the coronavirus pandemic, but aircraft manufacturers are struggling to return to previous production levels due to supply chain disruptions and a safety crisis at Boeing.
Mir said Qatar Airways was unable to meet the high demand for travel in the post-COVID-19 period due to a lack of new aircraft.
Source:
• Reuters

Title:

Content: Aircraft manufacturing giant Boeing recently released the 2022 "Civil Aviation Market Outlook" on the 18th local time.
In terms of the latest market demand forecast for the next 20 years, except for the increase in demand in North America compared to 2021, China, Europe, Latin America and other regions have decreased.
Among them, the report predicts that 9,310 will be delivered in North America from 2022 to 2041, an increase of 150 compared to the previous year.
China saw a decrease of 215 aircraft, or 2.5%, from 8,485 aircraft; Europe saw a decrease of 155 aircraft, or 1.78%, from 8,550 aircraft; and Latin America saw a decrease of 290 aircraft, or 11.46%, from 2,240 aircraft.
According to the report, the South Asian fleet continues to lead global growth at an average annual rate of 6.2%.
Led by India, the region ’ s fleet size is expected to reach more than 2,600 by 2041, nearly four times the 700 in 2019.
Southeast Asia is expected to experience the second fastest growth in the world, with its fleet expected to nearly double to 4,500 aircraft.
# South Asia # Global # Europe # Fleet # China

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Content: Featured ArticlesEconomyInternational
Aircraft maintenance workshops enjoy post-pandemic boom
Regions _ Followers
Aviation suppliers handling aircraft maintenance are enjoying a boom thanks to the rebound in air travel and slow deliveries of new aircraft.
Strong demand for services in this category is evident in the hangars in Rockford, Illinois, owned by AAR, an industry leader with a market capitalization of $1.7 billion.
Technicians there are busy working on aircraft for clients such as United and Southwest Airlines.
“Our hangars are pretty full, ” CEO John Holmes said, adding,“ When you have people, you have planes, that ’ s a good mix. ”
Two major forces are working to bring aircraft to AAR facilities, and they will likely continue to do so for years, Holmes said.
First, passenger traffic recovered significantly last year after collapsing in the early years of the coronavirus pandemic.
Although global air travel is still about 20 percent lower than in 2019, in the United States it has largely returned to pre-pandemic levels.
Some 76 million people traveled in the United States in October, just 3 percent below the same month ’ s level in 2019, according to the latest government data available.
Following the reopening of China ’ s doors following strict closures caused by COVID-19, more aircraft are expected to return to the skies.
Second, the top manufacturers of Boeing and Airbus are struggling to meet the demands of all new airlines.
The result is that carriers should stick to older planes longer, paying more for spare parts and service.
Repair workshops recorded a 19 percent increase in sales in the fourth quarter of 2022 compared to the previous year, according to research by analyst Ken Herbert of RBC Capital Markets, while returns from parts vendors grew 15 percent.
“Airlines are struggling to keep up, which means they have to spend more on planes (in their fleets).
It was a big back wind. ”
United spent $2.2 billion on parts and repairs in 2022, up 20 percent from 2019 and up 64 percent from 2021.
The airline said its planes worked more, adding that it plans to schedule more engine repairs, full maintenance and accommodate price increases.
Delta also reported a 13 percent increase in spare parts and repair costs during 2019.
The survival of jet aircraft grounded early in the pandemic had another effect: airlines, restricted in terms of money, postponed maintenance.
These companies avoided costly engine repairs by replacing engines that recorded fewer flying hours with their older ones.
According to Robert Spingarne, an analyst at Milius Research, as supplies for new aircraft manufacturers are choking and the range of engines with fewer flying hours is dwindling, airlines have to “continue flying with outdated aircraft whose warranty period has expired, consuming spare parts and needing repairs. ”
"Companies that sell spare parts and accessories are taking advantage of this situation."
Among them is Florida-based Hiko, which has a market capitalization of nearly $20 billion.
Its sales of $610 million and operating income of $147 million hit record highs in the quarter ended October 31, surpassing pre-2019 levels.
Hiko competes with companies such as General Electric ’ s aviation division, which makes parts for the jet engines it makes.
General Electric reported Tuesday that its spare parts sales reached $32 million a day in the fourth quarter, up 34 percent from the same period in 2021.
Boeing said Wednesday that its service business, which includes the sale of spare parts, made a profit of $634 million in the fourth quarter of 2022, up 58 percent from the previous year.
Hiko ’ s products are the same as those made by original equipment manufacturers, but they are less expensive, similar to alternative pharmaceuticals.
Airlines have historically resisted replacement parts, but Victor Mendelsohn, co-chairman of HECO, said their position is changing as they face the challenge of aircraft service with fewer parts available from OEMs.
“We ’ re already selling to almost every airline that can buy from us, but we ’ ve been selling more than that.
Resistance is going down... because, firstly, companies need parts, and secondly, they love the features that our products offer. "
Holmes, from AAR, reported increased demand for used parts that his company sells to airlines and engine repair companies.
But as fewer airlines abandoned older aircraft, the source of used parts, AAR had to comb the market to find them.
A total of 366 aircraft were decommissioned in the 12 months to December, down 15 percent from the previous year.
AAR, based near Chicago ’ s O ’ Hare International Airport, reported sales of $470 million in the quarter ended Nov. 30, 16 percent less than the same quarter in 2019.
The company ’ s net income of $23 million was 58 percent higher than in the same period in 2019.
While AAR ’ s sales volumes have not returned to pre-pandemic levels, Holmes said, “We feel we are on the right track. ”
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Title:

Content:
Airbus Beats Boeing For Deliveries In 2024

by Tyler Durden
Monday, Apr 15, 2024 - 09:45 AM

Boeing’s deliveries of commercial aircraft have faltered in the first three months of the year, according to the company’s reports, published this week.

The U.S. aircraft manufacturer delivered just 83 planes in Q3, down from 130 in the same three-month period of last year.

In the meantime, its sole major competitor, Europe’s Airbus, saw an uptick in Q1, having delivered 142 of their planes, marking an increase from their Q1 2023 figure of 127.

Boeing has been mired in a series of safety issues since the start of the year, following a mid-air panel blowout on an Alaska Airlines 737 MAX 9 jet in January. This has led to a slowdown in production for the U.S. company, which is now limited to producing 38 of the 737 planes per month until it is clear that quality and safety procedures are being properly adhered to, as per the advisory of the U.S. Federal Aviation Administration (FAA). Boeing has slowed production even below this limit, with the company’s Chief Financial Officer Brian West stating that once the company has it “right” it will ramp up production, expecting to see figures improve in the latter half of the year.

Prior to 2019, Boeing had been in the lead for deliveries out of the two companies, but this changed following the two deadly 737 MAX 8 crashes of 2018 and 2019, and the ensuing temporary production halt of the model. While the same family, these were different planes than those involved in the more recent incidents and they were caused by different issues.

As Statista's Anna Fleck shows in the following chart, both companies saw dips in deliveries in 2020 with the Covid pandemic.

You will find more infographics at Statista

Boeing and Airbus are the world’s two major competitors when it comes to commercial plane manufacturing. While other manufacturers exist, they produce far lower numbers of aircraft than either of these two giants.

In a report by CNN, writer Allison Morrow explains that since pilots are trained in either Boeing or Airbus operating systems, it is difficult for airlines to switch planes.

With few companies having the capacity to produce large jets, both Airbus and Boeing continue to have a long backlog of orders (8,598 at the end of 2023 for Airbus; 5,591 at the end of March for Boeing).

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Content: - A plus A.
"Oakaz" (grandmother)
The International Air Transport Association (IATA) announced today that the aviation industry will return to profitability next year for the first time since 2019, as air traffic continues to recover after nearly two years of COVID-19 restrictions.
The International Air Transport Association (IATA) expects the industry to make a net profit of $4.7 billion next year, with more than four billion passengers expected.
He has said only in previous estimates that a profit in 2023 is “achievable. ”
For 2022, the union cut its industry loss forecast to $6.9 billion from $9.7 billion.
Commenting on the expected return to profitability in 2023, IFRC Director General Willy Walsh said: “This is a great achievement given the magnitude of the financial and economic damage caused by the restrictions imposed by governments due to the pandemic. ”
“The EU ’ s expectations are based on a gradual reopening of China to international traffic and the easing of domestic restrictions under the zero-covid-policy.
If not, airline profitability will be affected, and another risk looming over the 2023 outlook is that some economies may be in recession. ”
IATA has said in previous statements that total sector losses this year are likely to reach $9.7 billion as air travel begins to recover from the coronavirus crisis, an improvement from the $11.6 billion deficit expected at the October meeting.

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Boeing will increase 737 MAX production rates 'very soon'

03/30/2023 | 02:54pm EDT

March 30 (Reuters) -

Boeing Co will increase 737 MAX production rates above the current rate of 31 jet per month "very soon," the head of Boeing's commercial airplanes business said on Thursday.

The company is also making progress with the new 737 MAX 7 model, which is "completing the final submittals" for Federal Aviation Administration certification, Stan Deal told reporters.

"We've got a handful - less than a handful - left to go to the FAA," he said. "We're working a few issues around those submittals. I want them to be perfect, I want the FAA to feel comfortable, and then give them the time to go review."

Last week, Chief Financial Officer Brian West reiterated Boeing's expectation that the MAX 7 completes certification this year, paving the way for first delivery to follow later in 2023.

The company plans to increase monthly MAX production to 50 planes per month by the end of 2026. (Reporting by Valerie Insinna Editing by Marguerita Choy)

© Reuters 2023
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Content: The Singapore Airshow comes at a challenging time for the aeronautical industry.

It is dealing with a rebound in post-health crisis travel demand, while facing severe supply constraints.

Over 1,000 companies from more than 50 countries are participating in the air show.

It's led by Western industry giants like Airbus, Boeing and Lockheed Martin.

And Chinese competitors such as COMAC and AVIC are also in town.

COMAC posted the first aircraft orders of the event, as Tibet Airlines agreed to take 50 jets.

While U.S. planemaker Boeing saw Royal Brunei Airlines order four 787-9 Dreamliners.

Boeing also held a signing ceremony to mark a recently placed order for 45 of the wide-body planes by Thai Airways.

It's positive news for Boeing, which is under pressure after the mid-air blowout of a cabin panel on an Alaska Airlines 737 MAX early this year.

The orders come with travel demand on the rise.

By the end of last year demand had made a near-full recovery from pre-health crisis levels, though it still lagged behind 2019 numbers, mostly due to China's slower rebound.

But major suppliers, planemakers and engine producers have struggled to keep up with the rebound in demand.

The sharp downturn during the health crisis led to job losses, freight issues and an industry skills shortage.

Title:

Content: When will the global aviation market return to pre-epidemic levels?
THOMAS D. SANDERSON, director of product marketing at Boeing Commercial Aircraft Sales and Marketing, reiterated on the 22nd that the company still maintains an estimate that it will not fully recover until 2024 to 2025; however, it is optimistic about the overall freighter market, and estimates that there is still 80% room for growth in freighter sales, compared to 2019 levels.
THOMAS D. SANDERSON said that he is optimistic about the growth potential of passenger and freight transportation in Asia, which will strengthen the development of the Asian market.
Taiwan expects to accelerate the pace of opening up after the BA.5 epidemic begins to cool in October at the earliest, and Boeing will provide an updated market outlook at that time.
Boeing held an online press conference today, focusing on the promotion of its 787 series aircraft, in September last year, the Federal Aviation Administration launched an investigation into the manufacturing defects of the 787 passenger aircraft, suspended the aircraft in May last year, until August 10 this year to resume delivery, a total of 1,482 aircraft orders have been delivered plus undelivered, from 84 aviation customers around the world.
THOMAS D. SANDERSON said that as many countries gradually open their borders, demand and supply in some markets are growing at the same time, and some regions even return to pre-epidemic levels, the key lies in the border opening policy, and it is expected that the Asian air passenger market will also keep pace with the recovery.
In terms of freight, despite the increase in passenger flights and the increase in cargo space, it has not returned to pre-epidemic levels, so the demand for all cargo aircraft is still booming, and Boeing expects that global cargo aircraft sales will still have 80% growth space compared to 2019, which is the best estimate of cargo aircraft in history.
# Global # Boeing # THOMASD # SANDERSON # Freighter

Title:

Content: Airplanes, planes
27.06.2022, 10: 07, Miscellaneous
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The aircraft plant in Komsomolsk-on-Amur (part of the United Aircraft Corporation of the Rostec Group) will produce only ten Sukhoi Superjet 100 (SSJ100) aircraft in 2022.
Nevertheless, more than 1,000 aircraft will be transferred to airlines for the needs of civil aviation until 2030, says the Minister of Industry and Trade of the Russian Federation Denis Manturov at the St. Petersburg International Economic Forum (SPIEF-2022).
According to the minister, deliveries will be carried out “while replacing foreign components with Russian ones and modernizing production facilities where necessary. ”
Domestic air carriers, according to Manturov, will receive 142 short-haul SSJ – New aircraft (the so-called “import-substituted ” Sukhoi Superjet 100), 270 medium-haul MS – 21, 70 IL – 114-300 and Tu – 214 aircraft, as well as 12 IL – 96-300 vessels.
The remaining volume of aircraft produced by 2030 will be on regional aircraft such as Ladoga, L-410 and Baikal.
At the same time, in May alone, Boeing and Airbus delivered 35 and 47 aircraft to customers, respectively, and since the beginning of the year, Boeing and Airbus have delivered 165 and 237 aircraft to commercial customers, respectively.
For comparison, for the same period last year, Boeing shipped 111 aircraft, and Airbus – 220.
Thus, this year, Boeing and Airbus are 54 and 17 aircraft higher than last year ’ s deliveries.
After the failure of 2020 (due to the COVID-19 pandemic, air travel almost stopped), 2021 was a year of industry recovery and increased production for Airbus and, to a greater extent, for Boeing.
However, Boeing and Airbus still have a long way to go before deliveries return to pre-pandemic levels.
For all of 2021, Boeing delivered 340 aircraft – more than in 2020 (157), but less than in 2019 (380).
In general, the last “normal ” year for Boeing was 2018: before the COVID-19 pandemic and the“ landing ” of the Boeing 737 Max, 806 aircraft were delivered to customers.
It is expected that this level of supply will be reached at best in 2024.
The past three years have been extremely challenging for Boeing, but despite problems with the Dreamliner and the delayed release of the 777X, the outlook is bright.
Boeing 737 Max is approved for flights in almost all countries, and since the end of 2020, its fleet has flown more than a million hours.
However, the aircraft has not yet returned to commercial operation in China.
In 2021, Airbus delivered 611 aircraft – it is the third year in a row leading the supply.
For comparison, in 2020, the company shipped 566 aircraft.
But here, too, is far from the record set in 2019, when the company delivered 863 aircraft to the market.
Airbus is expected to maintain its lead in supply for the foreseeable future.
As already mentioned, in May of this year, Boeing delivered 35 aircraft, including 30 Boeing 737 (29 Max and one NG), one 747, one 767 and three 777.
Boeing currently produces 27 737 aircraft per month, which is already well over 19 aircraft per month as of the end of October 2021.
However, the target for the second quarter was set slightly more ambitious – 31 aircraft per month, and it seems unattainable: delays in the supply of parts and components led to a slowdown in production.
Instead of rolling unfinished aircraft through the assembly line and taking them to the field for subsequent installation of missing parts, which is a common approach for similar production problems, Boeing suspended the assembly of aircraft right in the hangars.
Production works at various sites have not yet been fully restored.
There are problems not only with the production of the Boeing 737 – deliveries of the Boeing 787 Dreamliner have been suspended for more than a year, and it is not yet known when they will resume.
Boeing has suspended deliveries of the Dreamliner amid a review by the US Federal Aviation Administration (FAA) of the company ’ s methods of checking and evaluating the company ’ s aircraft for compliance with their federal safety standards.
In February, FAA chief executive Steve Dixon said the agency wanted to see a "systemic" solution to problems with the 787 Dreamliner, and that management would not allow Boeing to certify individual new aircraft on its own.
The FAA wants Boeing to have a comprehensive overhaul plan that will apply to all 787 Dreamliners in storage.
According to Boeing, the company comprehensively checks all links in the production and supply chain of components for the 787 Dreamliner, and regularly discusses the situation with the FAA, suppliers and customers.
The company is also working on the 787 Dreamliner.
In order to understand the “scale of the tragedy ”: at the end of last year, Boeing already had 110 787 Dreamliners in storage (produced, but not yet certified).
The company now produces approximately 2,787 per month, and expects to maintain this volume until the supply of components stabilizes.
Then the company is going to increase production to five, and by the end of 2023 to seven 787 Dreamliners per month.
Boeing ’ s 777 program was expected to receive reinforcements at the end of 2023 with the first delivery of the 777X, but in April, Boeing announced that this would not happen until 2025 – more time is needed to complete a full range of certification tests.
Boeing points out that the expansion of production volumes of the 777-9 is being adjusted to minimize the number of aircraft requiring "implementation changes."
In other words, the company prefers to produce already ready and certified, than then finish something in the previously produced.
Therefore, the company takes a pause in production until 2023.
At the same time, the company announced the expansion of the production range of the Boeing 777: in January this year it was announced the release of the cargo version of the 777X, and, for example, Qatar Airways will become the operator of the cargo 777-8F.
Compared to Boeing, Airbus is much better.
In May, the company delivered 47 aircraft to customers, including four A220, 37 Airbus A320 Neo, three A330 and three A350.
During 2021, Airbus gradually increased production of A320 aircraft from 40 per month to 43 in the third quarter of 2021, and at the end of the year brought production to 45 aircraft per month.
And it will continue to grow until it reaches 65 units per month by the summer of 2023.
But this is not the limit: against the background of greatly increased demand, Airbus is negotiating with component suppliers to increase the production of A320 to 75 aircraft per month in 2025!
If all goes well, then from 2026 the company will produce 900 aircraft per year of the A320 family.
For comparison, in Russia by the end of 2030 they plan to produce about 1000 aircraft of different models – and SSJ New, and MC-21, and Tu-214 and others combined.
On June 15, the Airbus A321XLR successfully completed its first flight.
It is planned that the commercial operation of this model will begin in early 2024, this is not a strong delay in comparison with the previously announced deadline - the end of 2023.
Airbus A220 is produced in the amount of five aircraft per month.
In the coming months, production will increase slightly to six aircraft per month, and by 2025 they plan to collect already 14 A220 per month.
The Airbus A350 is now being produced at five aircraft per month, with a plan to produce six A350s per month by early 2023.
As for the A330, Airbus now produces two A330s per month, and by the end of 2022 this figure will increase to three aircraft.
In 2021, Airbus has a new cargo aircraft - A350F, which should increase competition in the segment of transport aircraft.
This niche has long been dominated by Boeing with its 737-800BCF, 767-300BCF, 767-300F, 777F, 777-8F and 747-8F, and Airbus has so far been represented mainly by the A330-200F, which has failed to compete with the popular Boeing 767-300F.
With the launch of the A350F, Airbus has identified itself as a major player in the segment.
The Airbus A350F, capable of carrying up to 120 tons of cargo, will predominantly compete with the 777F, which carries up to 112 tons.
The first commercial flight of the Airus A350F will take place in November.
Given the big plans of Airbus and Boeing to scale production against the background of growing demand for aircraft, it is not surprising that the European company asked the European Union not to impose sanctions on imports of titanium from Russia.
This metal is now very much in demand in the aviation industry.
It is difficult to say whether the European Union will listen to the request of Airbus or not, but in recent months, both Boeing and Airbus have increased purchases of titanium - and accelerated the search for alternative suppliers of metal.
And now a few words about the orders for the production of new aircraft received by Airbus and Boeing in May.
Boeing announced it had received an order for 23 aircraft from four customers, while the company reported the cancellation of production of nine previously ordered aircraft – five 737 Max and four 787.
So, in total, the number of new orders for Boeing is only 14.
The largest was made by Lufthansa, it includes seven 777X, seven 787-9 and two 777Fs.
In addition, Bain Capital ordered five 737 Max, and another such aircraft was ordered by American Airlines.
Finally, Eva Air ordered one cargo 777.
Since the beginning of the year, Boeing has received orders for the production of 171 aircraft (in reality, it was 236, but 171 - this is taking into account the previously canceled).
For comparison, in 2021, Boeing received 479 orders (a total of 909, but there were 430 cancellations).
If the number of cancellations seems large to you, look at the statistics of the pandemic 2020: Boeing received 184 orders with 655 cancellations!
As a result, the number of new orders of the company for 2020 looks like this: minus 471.
According to the number of orders, May was not the best month for Airbus: the company received applications for the production of 13 aircraft from three customers (but at least there are no cancellations).
International Airlines Group has ordered six A320neos and two A321neos.
Turkish Airlines ordered four A350-900s, and another A220-100 was ordered by a private customer.
Since the beginning of the year, Airbus has received 191 orders for the production of aircraft (or 364 excluding cancellations).
In 2021, Airbus received 771 orders for aircraft production with 264 cancellations, that is, “net ” orders turned out to be 507 net new orders.
In 2020, Airbus was much better off than Boeing: 383 orders with 115 cancellations, for a total of 268 net new orders.
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$1.158 trillion in total spending on business trips in 2023
Business travel spending is expected to reach $1.158 trillion in 2023, surpassing the $1 trillion mark for the first time since the coronavirus pandemic in 2020.
In a sign of the recovery of the aviation sector, which has suffered for two years from weak demand.
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While demand for air travel has largely rebounded, both Boeing and Airbus face significant challenges in meeting this demand due to production constraints, geopolitical factors, and supply chain issues.

The market dynamics are shifting, with regional variations in recovery rates and changing long-term demand forecasts.

## Current Market Position

### Boeing vs.

Airbus Competition

Airbus has taken the lead in aircraft deliveries, particularly evident in 2024 where they delivered 142 planes in Q1 compared to Boeing's 83 deliveries.

This continues a trend that emerged after Boeing's 737 MAX crises and production halts following the 2018 and 2019 crashes.

Boeing's delivery numbers remain below pre-pandemic levels.

In 2021, Boeing delivered 340 aircraft, up from


# Global Aircraft Forecast: Market Trends and Manufacturer Outlook

## Executive Summary

The global aircraft manufacturing industry is experiencing a complex recovery phase following the pandemic-induced downturn.

While demand for air travel has largely rebounded, both Boeing and Airbus face significant challenges in meeting this demand due to production constraints, geopolitical factors, and supply chain issues.

Airbus has gained a competitive edge in recent deliveries, while Boeing continues its recovery from multiple setbacks including the 737 MAX crisis and production delays.

## Key Market Trends

### Recovery in Air Travel Demand
- Global travel demand has made a near-full recovery from pre-pandemic levels, though it still lags behind 2019 numbers
- Business travel spending is projected to reach $1.

158 trillion in 2023, surpassing the trillion-dollar mark for the first time since the pandemic
- In the US, October 2023 passenger numbers were only 3% below the same month in 20

# Global Aircraft Forecast: Market Trends and Manufacturer Outlook

## Executive Summary

The global aircraft manufacturing industry is experiencing a complex recovery phase following the pandemic-induced downturn.

Title:

Content: Boeing cuts its forecast for commercial aircraft demand
Despite widespread concerns, demand for cargo planes remains strong
Ayman Azzam
8: 47 PM, Sunday, 17 Jul 22
Boeing has cut its forecast for commercial aircraft demand for the coming decades as deliveries are weighed down by the prospect of slowing global economic growth and uncertainty about Russia.
In its latest long-term market estimate, Boeing expects manufacturers to deliver about 41,170 new aircraft to customers through 2041.
This is a slower pace than forecast a year ago, when the company estimated 43,610 deliveries over a 20-year period to 2040 (a 5.5% decline).
Boeing also cut its forecast for annual passenger traffic growth over the next 20 years from 4% to 3.8%.
The discounted outlook sheds light on how geopolitical and economic disruptions are permanently affecting the commercial aviation industry.
Boeing ’ s rival Airbus similarly lowered its forecast for travel demand for the next two decades, citing rising energy costs as a key factor behind the decline.
Reduced demand for new aircraft
Darren Holst, Boeing ’ s vice president of commercial marketing, said his company also expects lower global economic growth until 2041 than last year ’ s forecast, which also translates into lower demand for new aircraft.
The latest forecast by the U.S. planemaker rules out any possible future deliveries to buyers from Russia, which has already been excluded from the global aviation market due to sweeping sanctions imposed by the United States and other countries following its invasion of Ukraine.
Boeing predicted last year that Russian customers would make up about 1,500 aircraft sales over the next two decades.
Holst told reporters before issuing the forecast: “Russia is not a viable market for us. ”
Demand for commercial aircraft
Despite widespread concerns, demand for cargo aircraft remains strong, with the global fleet expected to grow to 3,610 aircraft in 2041, from 2010 aircraft in 2019.
Sales of new aircraft are expected to be strong over the next decade, as airlines strengthen their fleets to meet the burgeoning demand for air travel after the coronavirus pandemic.
Based on this estimate, Boeing estimates that airlines will need 19,575 new aircraft by 2031, compared to 19,330 by 2030 as projected last year.
Holst said: “There is a huge amount of airport runways waiting for the travel industry to return to normal levels. ”

Title:

Content: Boeing Will Likely Report First Profit in Six Quarters

Key Takeaways

  • Analysts estimate adjusted EPS of $0.11 vs. -$0.60 within the third quarter of 2021.
  • Business airplane deliveries, already introduced, missed estimates although they rose to the second-highest degree in practically 4 years.
  • Income is predicted to rise by essentially the most in six quarters as business plane demand recovers from the affect of the COVID-19 pandemic.

The Boeing Co. (BA), the second-largest plane producer on this planet by market capitalization, will most likely report its first revenue in six quarters as income development accelerates amid rebounding deliveries of business jets comparable to its 787 Dreamliner.

Boeing is more likely to submit adjusted earnings per share (EPS) of $0.11 in contrast with a loss per share of $0.60 for the prior-year quarter. It could be Boeing’s first revenue because the second quarter of final yr. Income is predicted to rise 18% year-over-year to $18 billion, the most important enhance in six quarters, based on a mean estimate from Seen Alpha. Boeing will launch outcomes earlier than the market opens on Oct. 26.

Demand for business jets plunged throughout the pandemic as provide chain bottlenecks and high quality management issues delayed manufacturing and deliveries. The corporate restarted 787 deliveries in August after greater than a yr of delays as the corporate made manufacturing adjustments to fulfill U.S. regulatory requirements. The restoration of world air journey additionally fueled demand for Boeing jets.

Boeing mentioned Oct. 11 that its key metric — business airplanes delivered — rose 32% to the second-highest in 15 quarters, regardless that it missed estimates.

See also  How Does Robinhood Make Money? An Overview

Boeing shares have fallen 33% within the final yr in contrast with a 17% drop within the S&P 500 Index.

Boeing Earnings Historical past

Boeing posted a complete of $21 billion in web working losses throughout the three years by way of 2021. The corporate additionally reported losses within the first two quarters of this yr.

Income declined in 4 of the 5 years by way of 2020, then rose 7% final yr earlier than dropping on this yr’s first half.

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Content: Wednesday 7 November 1445 AH - 15 May 2024 |
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Qatar Airways urges Airbus and Boeing to speed up aircraft deliveries to overcome travel crisis
Airbus and Boeing need to put more pressure on their suppliers to reduce delays in the delivery of new aircraft, the airline ’ s chief executive said on Wednesday, hindering airlines ’ ability to meet travel demand.
Badr Mohammed Al-Meer said during a panel discussion at the Qatar Economic Forum in Doha, "We...
“We ’ re really doing our best to help both Boeing and Airbus and trying to find solutions for them to make sure they take delivery. ”
"I know they are under a lot of pressure in terms of the supply chain market...
"But they need to put additional pressure on these suppliers to make sure that airline losses stop."
Demand for air travel has rebounded after the coronavirus pandemic, but aircraft manufacturers are struggling to return to previous production levels due to supply chain disruptions and a safety crisis at Boeing.
Mir said Qatar Airways was unable to meet the high demand for travel in the post-COVID-19 period due to a lack of new aircraft.
Source:
• Reuters

Title:

Content: Aircraft manufacturing giant Boeing recently released the 2022 "Civil Aviation Market Outlook" on the 18th local time.
In terms of the latest market demand forecast for the next 20 years, except for the increase in demand in North America compared to 2021, China, Europe, Latin America and other regions have decreased.
Among them, the report predicts that 9,310 will be delivered in North America from 2022 to 2041, an increase of 150 compared to the previous year.
China saw a decrease of 215 aircraft, or 2.5%, from 8,485 aircraft; Europe saw a decrease of 155 aircraft, or 1.78%, from 8,550 aircraft; and Latin America saw a decrease of 290 aircraft, or 11.46%, from 2,240 aircraft.
According to the report, the South Asian fleet continues to lead global growth at an average annual rate of 6.2%.
Led by India, the region ’ s fleet size is expected to reach more than 2,600 by 2041, nearly four times the 700 in 2019.
Southeast Asia is expected to experience the second fastest growth in the world, with its fleet expected to nearly double to 4,500 aircraft.
# South Asia # Global # Europe # Fleet # China

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Content: Featured ArticlesEconomyInternational
Aircraft maintenance workshops enjoy post-pandemic boom
Regions _ Followers
Aviation suppliers handling aircraft maintenance are enjoying a boom thanks to the rebound in air travel and slow deliveries of new aircraft.
Strong demand for services in this category is evident in the hangars in Rockford, Illinois, owned by AAR, an industry leader with a market capitalization of $1.7 billion.
Technicians there are busy working on aircraft for clients such as United and Southwest Airlines.
“Our hangars are pretty full, ” CEO John Holmes said, adding,“ When you have people, you have planes, that ’ s a good mix. ”
Two major forces are working to bring aircraft to AAR facilities, and they will likely continue to do so for years, Holmes said.
First, passenger traffic recovered significantly last year after collapsing in the early years of the coronavirus pandemic.
Although global air travel is still about 20 percent lower than in 2019, in the United States it has largely returned to pre-pandemic levels.
Some 76 million people traveled in the United States in October, just 3 percent below the same month ’ s level in 2019, according to the latest government data available.
Following the reopening of China ’ s doors following strict closures caused by COVID-19, more aircraft are expected to return to the skies.
Second, the top manufacturers of Boeing and Airbus are struggling to meet the demands of all new airlines.
The result is that carriers should stick to older planes longer, paying more for spare parts and service.
Repair workshops recorded a 19 percent increase in sales in the fourth quarter of 2022 compared to the previous year, according to research by analyst Ken Herbert of RBC Capital Markets, while returns from parts vendors grew 15 percent.
“Airlines are struggling to keep up, which means they have to spend more on planes (in their fleets).
It was a big back wind. ”
United spent $2.2 billion on parts and repairs in 2022, up 20 percent from 2019 and up 64 percent from 2021.
The airline said its planes worked more, adding that it plans to schedule more engine repairs, full maintenance and accommodate price increases.
Delta also reported a 13 percent increase in spare parts and repair costs during 2019.
The survival of jet aircraft grounded early in the pandemic had another effect: airlines, restricted in terms of money, postponed maintenance.
These companies avoided costly engine repairs by replacing engines that recorded fewer flying hours with their older ones.
According to Robert Spingarne, an analyst at Milius Research, as supplies for new aircraft manufacturers are choking and the range of engines with fewer flying hours is dwindling, airlines have to “continue flying with outdated aircraft whose warranty period has expired, consuming spare parts and needing repairs. ”
"Companies that sell spare parts and accessories are taking advantage of this situation."
Among them is Florida-based Hiko, which has a market capitalization of nearly $20 billion.
Its sales of $610 million and operating income of $147 million hit record highs in the quarter ended October 31, surpassing pre-2019 levels.
Hiko competes with companies such as General Electric ’ s aviation division, which makes parts for the jet engines it makes.
General Electric reported Tuesday that its spare parts sales reached $32 million a day in the fourth quarter, up 34 percent from the same period in 2021.
Boeing said Wednesday that its service business, which includes the sale of spare parts, made a profit of $634 million in the fourth quarter of 2022, up 58 percent from the previous year.
Hiko ’ s products are the same as those made by original equipment manufacturers, but they are less expensive, similar to alternative pharmaceuticals.
Airlines have historically resisted replacement parts, but Victor Mendelsohn, co-chairman of HECO, said their position is changing as they face the challenge of aircraft service with fewer parts available from OEMs.
“We ’ re already selling to almost every airline that can buy from us, but we ’ ve been selling more than that.
Resistance is going down... because, firstly, companies need parts, and secondly, they love the features that our products offer. "
Holmes, from AAR, reported increased demand for used parts that his company sells to airlines and engine repair companies.
But as fewer airlines abandoned older aircraft, the source of used parts, AAR had to comb the market to find them.
A total of 366 aircraft were decommissioned in the 12 months to December, down 15 percent from the previous year.
AAR, based near Chicago ’ s O ’ Hare International Airport, reported sales of $470 million in the quarter ended Nov. 30, 16 percent less than the same quarter in 2019.
The company ’ s net income of $23 million was 58 percent higher than in the same period in 2019.
While AAR ’ s sales volumes have not returned to pre-pandemic levels, Holmes said, “We feel we are on the right track. ”
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Content:
Airbus Beats Boeing For Deliveries In 2024

by Tyler Durden
Monday, Apr 15, 2024 - 09:45 AM

Boeing’s deliveries of commercial aircraft have faltered in the first three months of the year, according to the company’s reports, published this week.

The U.S. aircraft manufacturer delivered just 83 planes in Q3, down from 130 in the same three-month period of last year.

In the meantime, its sole major competitor, Europe’s Airbus, saw an uptick in Q1, having delivered 142 of their planes, marking an increase from their Q1 2023 figure of 127.

Boeing has been mired in a series of safety issues since the start of the year, following a mid-air panel blowout on an Alaska Airlines 737 MAX 9 jet in January. This has led to a slowdown in production for the U.S. company, which is now limited to producing 38 of the 737 planes per month until it is clear that quality and safety procedures are being properly adhered to, as per the advisory of the U.S. Federal Aviation Administration (FAA). Boeing has slowed production even below this limit, with the company’s Chief Financial Officer Brian West stating that once the company has it “right” it will ramp up production, expecting to see figures improve in the latter half of the year.

Prior to 2019, Boeing had been in the lead for deliveries out of the two companies, but this changed following the two deadly 737 MAX 8 crashes of 2018 and 2019, and the ensuing temporary production halt of the model. While the same family, these were different planes than those involved in the more recent incidents and they were caused by different issues.

As Statista's Anna Fleck shows in the following chart, both companies saw dips in deliveries in 2020 with the Covid pandemic.

You will find more infographics at Statista

Boeing and Airbus are the world’s two major competitors when it comes to commercial plane manufacturing. While other manufacturers exist, they produce far lower numbers of aircraft than either of these two giants.

In a report by CNN, writer Allison Morrow explains that since pilots are trained in either Boeing or Airbus operating systems, it is difficult for airlines to switch planes.

With few companies having the capacity to produce large jets, both Airbus and Boeing continue to have a long backlog of orders (8,598 at the end of 2023 for Airbus; 5,591 at the end of March for Boeing).

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Content: - A plus A.
"Oakaz" (grandmother)
The International Air Transport Association (IATA) announced today that the aviation industry will return to profitability next year for the first time since 2019, as air traffic continues to recover after nearly two years of COVID-19 restrictions.
The International Air Transport Association (IATA) expects the industry to make a net profit of $4.7 billion next year, with more than four billion passengers expected.
He has said only in previous estimates that a profit in 2023 is “achievable. ”
For 2022, the union cut its industry loss forecast to $6.9 billion from $9.7 billion.
Commenting on the expected return to profitability in 2023, IFRC Director General Willy Walsh said: “This is a great achievement given the magnitude of the financial and economic damage caused by the restrictions imposed by governments due to the pandemic. ”
“The EU ’ s expectations are based on a gradual reopening of China to international traffic and the easing of domestic restrictions under the zero-covid-policy.
If not, airline profitability will be affected, and another risk looming over the 2023 outlook is that some economies may be in recession. ”
IATA has said in previous statements that total sector losses this year are likely to reach $9.7 billion as air travel begins to recover from the coronavirus crisis, an improvement from the $11.6 billion deficit expected at the October meeting.

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Real-time Estimate Cboe BZX  -  03:22:33 2023-03-30 pm EDT
210.29 USD   +1.11%
02:54pBoeing will increase 737 MAX production rates 'very soon'
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Boeing will increase 737 MAX production rates 'very soon'

03/30/2023 | 02:54pm EDT

March 30 (Reuters) -

Boeing Co will increase 737 MAX production rates above the current rate of 31 jet per month "very soon," the head of Boeing's commercial airplanes business said on Thursday.

The company is also making progress with the new 737 MAX 7 model, which is "completing the final submittals" for Federal Aviation Administration certification, Stan Deal told reporters.

"We've got a handful - less than a handful - left to go to the FAA," he said. "We're working a few issues around those submittals. I want them to be perfect, I want the FAA to feel comfortable, and then give them the time to go review."

Last week, Chief Financial Officer Brian West reiterated Boeing's expectation that the MAX 7 completes certification this year, paving the way for first delivery to follow later in 2023.

The company plans to increase monthly MAX production to 50 planes per month by the end of 2026. (Reporting by Valerie Insinna Editing by Marguerita Choy)

© Reuters 2023
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Sales 2023 78 775 M - -
Net income 2023 1 433 M - -
Net Debt 2023 37 562 M - -
P/E ratio 2023 98,6x
Yield 2023 0,00%
Capitalization 125 B 125 B -
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Nbr of Employees 156 000
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Content: The Singapore Airshow comes at a challenging time for the aeronautical industry.

It is dealing with a rebound in post-health crisis travel demand, while facing severe supply constraints.

Over 1,000 companies from more than 50 countries are participating in the air show.

It's led by Western industry giants like Airbus, Boeing and Lockheed Martin.

And Chinese competitors such as COMAC and AVIC are also in town.

COMAC posted the first aircraft orders of the event, as Tibet Airlines agreed to take 50 jets.

While U.S. planemaker Boeing saw Royal Brunei Airlines order four 787-9 Dreamliners.

Boeing also held a signing ceremony to mark a recently placed order for 45 of the wide-body planes by Thai Airways.

It's positive news for Boeing, which is under pressure after the mid-air blowout of a cabin panel on an Alaska Airlines 737 MAX early this year.

The orders come with travel demand on the rise.

By the end of last year demand had made a near-full recovery from pre-health crisis levels, though it still lagged behind 2019 numbers, mostly due to China's slower rebound.

But major suppliers, planemakers and engine producers have struggled to keep up with the rebound in demand.

The sharp downturn during the health crisis led to job losses, freight issues and an industry skills shortage.

Title:

Content: When will the global aviation market return to pre-epidemic levels?
THOMAS D. SANDERSON, director of product marketing at Boeing Commercial Aircraft Sales and Marketing, reiterated on the 22nd that the company still maintains an estimate that it will not fully recover until 2024 to 2025; however, it is optimistic about the overall freighter market, and estimates that there is still 80% room for growth in freighter sales, compared to 2019 levels.
THOMAS D. SANDERSON said that he is optimistic about the growth potential of passenger and freight transportation in Asia, which will strengthen the development of the Asian market.
Taiwan expects to accelerate the pace of opening up after the BA.5 epidemic begins to cool in October at the earliest, and Boeing will provide an updated market outlook at that time.
Boeing held an online press conference today, focusing on the promotion of its 787 series aircraft, in September last year, the Federal Aviation Administration launched an investigation into the manufacturing defects of the 787 passenger aircraft, suspended the aircraft in May last year, until August 10 this year to resume delivery, a total of 1,482 aircraft orders have been delivered plus undelivered, from 84 aviation customers around the world.
THOMAS D. SANDERSON said that as many countries gradually open their borders, demand and supply in some markets are growing at the same time, and some regions even return to pre-epidemic levels, the key lies in the border opening policy, and it is expected that the Asian air passenger market will also keep pace with the recovery.
In terms of freight, despite the increase in passenger flights and the increase in cargo space, it has not returned to pre-epidemic levels, so the demand for all cargo aircraft is still booming, and Boeing expects that global cargo aircraft sales will still have 80% growth space compared to 2019, which is the best estimate of cargo aircraft in history.
# Global # Boeing # THOMASD # SANDERSON # Freighter

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Content: Airplanes, planes
27.06.2022, 10: 07, Miscellaneous
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The aircraft plant in Komsomolsk-on-Amur (part of the United Aircraft Corporation of the Rostec Group) will produce only ten Sukhoi Superjet 100 (SSJ100) aircraft in 2022.
Nevertheless, more than 1,000 aircraft will be transferred to airlines for the needs of civil aviation until 2030, says the Minister of Industry and Trade of the Russian Federation Denis Manturov at the St. Petersburg International Economic Forum (SPIEF-2022).
According to the minister, deliveries will be carried out “while replacing foreign components with Russian ones and modernizing production facilities where necessary. ”
Domestic air carriers, according to Manturov, will receive 142 short-haul SSJ – New aircraft (the so-called “import-substituted ” Sukhoi Superjet 100), 270 medium-haul MS – 21, 70 IL – 114-300 and Tu – 214 aircraft, as well as 12 IL – 96-300 vessels.
The remaining volume of aircraft produced by 2030 will be on regional aircraft such as Ladoga, L-410 and Baikal.
At the same time, in May alone, Boeing and Airbus delivered 35 and 47 aircraft to customers, respectively, and since the beginning of the year, Boeing and Airbus have delivered 165 and 237 aircraft to commercial customers, respectively.
For comparison, for the same period last year, Boeing shipped 111 aircraft, and Airbus – 220.
Thus, this year, Boeing and Airbus are 54 and 17 aircraft higher than last year ’ s deliveries.
After the failure of 2020 (due to the COVID-19 pandemic, air travel almost stopped), 2021 was a year of industry recovery and increased production for Airbus and, to a greater extent, for Boeing.
However, Boeing and Airbus still have a long way to go before deliveries return to pre-pandemic levels.
For all of 2021, Boeing delivered 340 aircraft – more than in 2020 (157), but less than in 2019 (380).
In general, the last “normal ” year for Boeing was 2018: before the COVID-19 pandemic and the“ landing ” of the Boeing 737 Max, 806 aircraft were delivered to customers.
It is expected that this level of supply will be reached at best in 2024.
The past three years have been extremely challenging for Boeing, but despite problems with the Dreamliner and the delayed release of the 777X, the outlook is bright.
Boeing 737 Max is approved for flights in almost all countries, and since the end of 2020, its fleet has flown more than a million hours.
However, the aircraft has not yet returned to commercial operation in China.
In 2021, Airbus delivered 611 aircraft – it is the third year in a row leading the supply.
For comparison, in 2020, the company shipped 566 aircraft.
But here, too, is far from the record set in 2019, when the company delivered 863 aircraft to the market.
Airbus is expected to maintain its lead in supply for the foreseeable future.
As already mentioned, in May of this year, Boeing delivered 35 aircraft, including 30 Boeing 737 (29 Max and one NG), one 747, one 767 and three 777.
Boeing currently produces 27 737 aircraft per month, which is already well over 19 aircraft per month as of the end of October 2021.
However, the target for the second quarter was set slightly more ambitious – 31 aircraft per month, and it seems unattainable: delays in the supply of parts and components led to a slowdown in production.
Instead of rolling unfinished aircraft through the assembly line and taking them to the field for subsequent installation of missing parts, which is a common approach for similar production problems, Boeing suspended the assembly of aircraft right in the hangars.
Production works at various sites have not yet been fully restored.
There are problems not only with the production of the Boeing 737 – deliveries of the Boeing 787 Dreamliner have been suspended for more than a year, and it is not yet known when they will resume.
Boeing has suspended deliveries of the Dreamliner amid a review by the US Federal Aviation Administration (FAA) of the company ’ s methods of checking and evaluating the company ’ s aircraft for compliance with their federal safety standards.
In February, FAA chief executive Steve Dixon said the agency wanted to see a "systemic" solution to problems with the 787 Dreamliner, and that management would not allow Boeing to certify individual new aircraft on its own.
The FAA wants Boeing to have a comprehensive overhaul plan that will apply to all 787 Dreamliners in storage.
According to Boeing, the company comprehensively checks all links in the production and supply chain of components for the 787 Dreamliner, and regularly discusses the situation with the FAA, suppliers and customers.
The company is also working on the 787 Dreamliner.
In order to understand the “scale of the tragedy ”: at the end of last year, Boeing already had 110 787 Dreamliners in storage (produced, but not yet certified).
The company now produces approximately 2,787 per month, and expects to maintain this volume until the supply of components stabilizes.
Then the company is going to increase production to five, and by the end of 2023 to seven 787 Dreamliners per month.
Boeing ’ s 777 program was expected to receive reinforcements at the end of 2023 with the first delivery of the 777X, but in April, Boeing announced that this would not happen until 2025 – more time is needed to complete a full range of certification tests.
Boeing points out that the expansion of production volumes of the 777-9 is being adjusted to minimize the number of aircraft requiring "implementation changes."
In other words, the company prefers to produce already ready and certified, than then finish something in the previously produced.
Therefore, the company takes a pause in production until 2023.
At the same time, the company announced the expansion of the production range of the Boeing 777: in January this year it was announced the release of the cargo version of the 777X, and, for example, Qatar Airways will become the operator of the cargo 777-8F.
Compared to Boeing, Airbus is much better.
In May, the company delivered 47 aircraft to customers, including four A220, 37 Airbus A320 Neo, three A330 and three A350.
During 2021, Airbus gradually increased production of A320 aircraft from 40 per month to 43 in the third quarter of 2021, and at the end of the year brought production to 45 aircraft per month.
And it will continue to grow until it reaches 65 units per month by the summer of 2023.
But this is not the limit: against the background of greatly increased demand, Airbus is negotiating with component suppliers to increase the production of A320 to 75 aircraft per month in 2025!
If all goes well, then from 2026 the company will produce 900 aircraft per year of the A320 family.
For comparison, in Russia by the end of 2030 they plan to produce about 1000 aircraft of different models – and SSJ New, and MC-21, and Tu-214 and others combined.
On June 15, the Airbus A321XLR successfully completed its first flight.
It is planned that the commercial operation of this model will begin in early 2024, this is not a strong delay in comparison with the previously announced deadline - the end of 2023.
Airbus A220 is produced in the amount of five aircraft per month.
In the coming months, production will increase slightly to six aircraft per month, and by 2025 they plan to collect already 14 A220 per month.
The Airbus A350 is now being produced at five aircraft per month, with a plan to produce six A350s per month by early 2023.
As for the A330, Airbus now produces two A330s per month, and by the end of 2022 this figure will increase to three aircraft.
In 2021, Airbus has a new cargo aircraft - A350F, which should increase competition in the segment of transport aircraft.
This niche has long been dominated by Boeing with its 737-800BCF, 767-300BCF, 767-300F, 777F, 777-8F and 747-8F, and Airbus has so far been represented mainly by the A330-200F, which has failed to compete with the popular Boeing 767-300F.
With the launch of the A350F, Airbus has identified itself as a major player in the segment.
The Airbus A350F, capable of carrying up to 120 tons of cargo, will predominantly compete with the 777F, which carries up to 112 tons.
The first commercial flight of the Airus A350F will take place in November.
Given the big plans of Airbus and Boeing to scale production against the background of growing demand for aircraft, it is not surprising that the European company asked the European Union not to impose sanctions on imports of titanium from Russia.
This metal is now very much in demand in the aviation industry.
It is difficult to say whether the European Union will listen to the request of Airbus or not, but in recent months, both Boeing and Airbus have increased purchases of titanium - and accelerated the search for alternative suppliers of metal.
And now a few words about the orders for the production of new aircraft received by Airbus and Boeing in May.
Boeing announced it had received an order for 23 aircraft from four customers, while the company reported the cancellation of production of nine previously ordered aircraft – five 737 Max and four 787.
So, in total, the number of new orders for Boeing is only 14.
The largest was made by Lufthansa, it includes seven 777X, seven 787-9 and two 777Fs.
In addition, Bain Capital ordered five 737 Max, and another such aircraft was ordered by American Airlines.
Finally, Eva Air ordered one cargo 777.
Since the beginning of the year, Boeing has received orders for the production of 171 aircraft (in reality, it was 236, but 171 - this is taking into account the previously canceled).
For comparison, in 2021, Boeing received 479 orders (a total of 909, but there were 430 cancellations).
If the number of cancellations seems large to you, look at the statistics of the pandemic 2020: Boeing received 184 orders with 655 cancellations!
As a result, the number of new orders of the company for 2020 looks like this: minus 471.
According to the number of orders, May was not the best month for Airbus: the company received applications for the production of 13 aircraft from three customers (but at least there are no cancellations).
International Airlines Group has ordered six A320neos and two A321neos.
Turkish Airlines ordered four A350-900s, and another A220-100 was ordered by a private customer.
Since the beginning of the year, Airbus has received 191 orders for the production of aircraft (or 364 excluding cancellations).
In 2021, Airbus received 771 orders for aircraft production with 264 cancellations, that is, “net ” orders turned out to be 507 net new orders.
In 2020, Airbus was much better off than Boeing: 383 orders with 115 cancellations, for a total of 268 net new orders.
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$1.158 trillion in total spending on business trips in 2023
Business travel spending is expected to reach $1.158 trillion in 2023, surpassing the $1 trillion mark for the first time since the coronavirus pandemic in 2020.
In a sign of the recovery of the aviation sector, which has suffered for two years from weak demand.
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While demand for air travel has largely rebounded, both Boeing and Airbus face significant challenges in meeting this demand due to production constraints, geopolitical factors, and supply chain issues.

Airbus has gained a competitive edge in recent deliveries, while Boeing continues its recovery from multiple setbacks including the 737 MAX crisis and production delays.

What happened to the market shares between Boeing and Airbus after the Covid-19 crisis?

Airbus announced order intent for 408 new aircraft, while Boeing has secured contracts for 78 aircraft.

What happened to the market shares between Boeing and Airbus after the Covid-19 crisis?

Airbus announced order intent for 408 new aircraft, while Boeing has secured contracts for 78 aircraft.

What happened to the market shares between Boeing and Airbus after the Covid-19 crisis?

Airbus announced order intent for 408 new aircraft, while Boeing has secured contracts for 78 aircraft.

## Key Market Trends

### Recovery in Air Travel Demand
- Global travel demand has made a near-full recovery from pre-pandemic levels, though it still lags behind 2019 numbers
- Business travel spending is projected to reach $1.

158 trillion in 2023, surpassing the trillion-dollar mark for the first time since the pandemic
- In the US, October 2023 passenger numbers were only 3% below the same month in 20