![]() Indeed, Boeing seems to be compromising on near-term margins in order to get 737 MAX production back up to pre-pandemic levels as soon as possible. Now, it appears to have signed another deeply discounted 737 MAX deal with Allegiant. It also sold dozens of "white-tail" jets in its inventory, which also tend to fetch low prices. While Boeing recorded a solid number of narrow-body orders last year, it leaned heavily on its biggest customers - who typically negotiate the biggest discounts - to pad its order total. Losing those deals to its European rival may explain why Boeing was willing to compromise on price to land the Allegiant order. The very same day, Air France-KLM said that it had ordered 100 Airbus A320neo-family jets for its KLM and Transavia subsidiaries, with purchase rights for 60 more.īoth of these orders represented conquests for Airbus, as Qantas, KLM, and Transavia have all-Boeing mainline narrow-body fleets today. 16, Qantas announced that it plans to order 40 Airbus A220s and A321XLRs, with options for 94 more Airbus jets. Even accounting for a longer useful life for new aircraft, this implies that Boeing sold these planes at extremely low prices.Īdditionally, investors shouldn't overlook the deals that Boeing didn't win. Management says the annual ownership costs for its new 737 MAX jets will be in line with its current Airbus fleet, most of which was acquired used at low prices. 1, 2028, and the normalization of the air cargo market.Īs for the Allegiant deal, the budget airline has a reputation for penny-pinching. First, the company's recent wave of freighter orders isn't sustainable, because of the impending arrival of the Airbus ( EADSY -2.76%) A350 freighter in late 2025, new emissions regulations that will force Boeing to end production of its current freighter models by Jan. ![]() While getting some orders is better than none, Boeing's recent order activity doesn't bode particularly well for its future. Even before securing those deals, Boeing had sold a record number of freighters in 2021, tapping into surging demand for dedicated cargo aircraft. Just last week, it announced another freighter deal, as Atlas Air ordered four 777Fs at the end of December. In late December, Boeing announced that UPS had ordered 19 767 freighters for delivery between 20. While these results would have been considered subpar a few years ago, they marked a welcome change from 20, when Boeing's order backlog shrank dramatically. Net of cancellations and accounting adjustments, it booked 457 orders. In the first 11 months of 2021, Boeing recorded 829 gross orders for commercial jets. Nevertheless, the company's critical commercial airplanes business still seems unlikely to make a full recovery in the years ahead. That said, the aerospace giant's performance did improve in one respect last year, as order activity for its commercial jets rebounded.īoeing has reported several additional order wins recently, which will bolster its full-year order total, set to be revealed this week. The winner is the team to complete the course in the correct rotation in quickest time.In 2021, Boeing ( BA 0.57%) continued to lose money and burn cash, weighing on the company's shares. The teams compete against the clock and a sophisticated timing system records each boats time to 100th of a second. The driver task is to correctly complete the course in the fastest possible time, the navigator assist the driver with directions by means of hand signals. A typical race involves memorising a sequence of up to 22 directional changes on a course made up of narrow channels and islands. Jet Sprint boat racing is very similar to rally car racing, except that it takes place on water.Įach boat carries a crew of two, a driver and a navigator. This dynamic sport began in New Zealand and has quickly spread throughout Australia and America. Is a World Class Venue having hosted many International events including the World Series. Is the wildest motor sport action that happens on water, and sometimes even on land.
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