The case for a “re-engined” Boeing 737 appears as weak as, if not weaker than at any time since the Chicago-based aerospace giant began exploring the prospect long before Airbus launched the A320neo, judging by the comments of Boeing CEO Jim McNerney at Thursday’s Cowen Aerospace & Defense Conference in New York.
Boeing could both re-engine its 737 and build an entirely new airplane to replace the existing model, according to company CEO Jim McNerney.
Boeing won't consider submitting the 787 Dreamliner for certification in the third quarter without Etops capability, notwithstanding differences in qualification testing the FAA has instituted since the 777 earned its FAA ticket–complete with Etops approval–in 1995, CEO Jim McNerney said during the company's January 26 fourth-quarter earnings call.
Boeing won’t consider submitting the 787 Dreamliner for certification in the third quarter without Etops capability, notwithstanding differences in qualification testing the FAA has instituted since the 777 earned its FAA ticket–complete with Etops approval–in 1995, CEO Jim McNerney said during the company’s January 26 fourth-quarter earnings call.
Boeing expects its commercial aircraft book-to-bill ratio to exceed one by year-end, following what CEO Jim McNerney characterized as a “strong” third quarter that yielded net firm orders for 221 airplanes worth more than $12 billion, compared with a net order count of 79 during the corresponding period last year. Meanwhile, Boeing Commercial Airplanes delivered 124 airplanes during the quarter, compared with 113 a year earlier.
A decision to re-engine the Boeing 737 will hinge largely on the company's ability-or lack thereof-to introduce an all-new narrowbody by the end of this decade, Boeing CEO Jim McNerney said last month.
Citing “a couple of workmanship issues, and a design issue or two,” Boeing CEO Jim McNerney planted another seed of doubt about the company's chances of delivering the first 747-8 before year-end. In fact, McNerney said the 787 Dreamliner-from which Boeing has already exhausted most of its schedule margin for delivery this year-stood a better chance of meeting its 2010 delivery goal than did the 747-8.
Boeing's decision to re-engine the existing 737 will depend not only on the actions of arch-rival Airbus, but whether or not the Chicago-based airframe maker concludes that it could bring to market a good enough replacement airplane by 2020, Boeing CEO Jim McNerney told analysts and investors at last week’s Sanford C. Bernstein Strategic Decisions Conference in New York.
Boeing will move ahead with plans to increase the production rate on the 737 program from 31.5 to 34 airplanes a month in early 2012, the company announced this week. Boeing also said it continues to study the possibility of further rate increases, given strong customer demand for the single-aisle airliners.
Boeing plans to decide by the end of this quarter whether or not to raise production rates for its 737 family, as the company anticipates further strengthening of the market for new narrowbody airliners.