Boeing delivers 60 airplanes in June, racks up hundreds of new orders with Air India deal

Boeing delivers 60 airplanes in June, racks up hundreds of new orders with Air India deal


A Boeing 737 Max is displayed during the Farnborough Airshow, in Farnborough, on July 18, 2022. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)

Justin Tallis | AFP | Getty Images

Boeing handed over 60 new aircraft last month, the most since March, as the manufacturer tries to ramp up production of some of its bestselling planes.

So far this year, Boeing delivered 266 aircraft to customers, shy of the 316 rival Airbus has handed over. Both manufacturers have struggled to increase output fast enough to avoid delays to airline customers eager for more planes during a boom in air travel.

Boeing said Tuesday it logged orders for 288 aircraft, net of cancellations and conversions, in June, most of them from the massive order Air India announced earlier this year and firmed up at the Paris Air Show last month. The 470-jet order was split between Boeing and Airbus. Boeing’s June tally included nearly 40 787 Dreamliners for new Saudi carrier Riyadh Air, part of a deal announced in March.

Boeing’s total net orders for the month came in at 305 aircraft after it added some planes to its backlog. The company routinely removes or adds planes to its backlog for reasons including whether a customer is likely to have financing to buy the aircraft.

Boeing is scheduled to report second-quarter results on July 26, when it will update investors on its plans to increase production of its 737 Max planes and 787 Dreamliners.



Source

Target steps up investment in store staffing, cuts about 500 other roles to help fix customer experience
Business

Target steps up investment in store staffing, cuts about 500 other roles to help fix customer experience

Target said Monday that it’s stepping up store staffing, but eliminating about 500 jobs in distribution centers and regional offices as it tries to win back shoppers who have complained about sloppier shelves, out-of-stock items and longer checkout lines. In an internal employee memo obtained by CNBC, the big-box retailer said it’s making changes to […]

Read More
FDA says Novo Nordisk’s TV ad for obesity pill includes ‘false or misleading’ claims
Business

FDA says Novo Nordisk’s TV ad for obesity pill includes ‘false or misleading’ claims

Still life of the new Wegovy semaglutide tablets on a white background. Its a prescription medicine used with a reduced calorie diet and .and physical activity. Michael Siluk | Universal Images Group | Getty Images The Food and Drug Administration said Novo Nordisk‘s TV advertisement for its newly launched Wegovy pill for obesity included “false […]

Read More
Inside Wealth: Hamptons real estate prices hit record, with 2026 summer rentals going fast
Business

Inside Wealth: Hamptons real estate prices hit record, with 2026 summer rentals going fast

A nine-bedroom, 11,000-square-foot oceanfront home in Bridgehampton, available for rent at $700,000 for any two weeks this summer. Courtesy: Gary DePersia | Corcoran Median home prices in the Hamptons hit an all-time high in the fourth quarter, as Wall Street bonuses and tech wealth fueled a new wave of buyers in the New York beach […]

Read More