Boeing Just Had This Happen for the First Time Since 2019

Aircraft manufacturer Boeing has had a rough couple of years but the company just did something it has not done since 2019.

Boeing’s monthly aircraft orders have outpaced cancellations for the very first time since November of 2019. The company logged orders for 82 new aircraft in February and had only 51 cancellations.

Boeing delivered 32 planes which included 18 737 Max jetliners.

This is a positive sign in the recovery or the airline industry as new planes are being bought.

Boeing’s February sales included 25 Boeing 737 Max planes to United Airlines and 27 KC-46 tankers.

The Chicago-based aircraft manufacturer had 51 cancellations, including 32 Max planes.

Singapore Airlines replaced an order for 19 787-10 Dreamliners with one for 11 777X jets, which is Boeing’s long-delayed new plane. The company expects that twin-aisle, long-range jet to enter commercial service in late 2023.

The company’s backlog is now at 4,041 planes.

It was this past November that the Federal Aviation Administration cleared the company’s Max jets to fly again after a 20-month grounding that followed two deadly crashes.

In other news, Boeing is seeking a new $4 billion revolving credit facility from a group of banks, according to people with knowledge of the matter.

The company has the option to increase the size of the two-year facility to as much as $6 billion, said the people, asking not to be identified as the transaction is private.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.