Tuesday, September 27, 2016

Boeing May Reach 777 Order Goal During 2016

Boeing needs about 40 777 classics a year ordered until the 777X reaches its delivery state. Today marks a step in that direction where it seems fifteen 777's will be ordered from an Arab client thus making for a total of 30 777's in process for order additions. The Saudi order for fifteen 777's is awaiting signatures and the Iran Order for fifteen awaits further negotiation expected to be completed before the end of 2016. After adding the already booked 777's for eight during 2016, brings the totals together for thirty-eight aircraft as a Boeing possibility. 

Last week it was a gloomy outlook. This week is has become a week of possibilities pointing towards the end of the year. If there are other orders out there pending as Boeing usually has and it posts by year's end, numbers may end up with a few added surprises before 2017 begins. Boeing has the potential for up to fifty 777's reaching its planning goal for 2016. Its more likely they will reach thirty-eight and certainly twenty-three. The game is afoot where the numbers could be from twenty-three to fifty 777's ordered for 2016

However, things can get off track very easy, especially with Iran while maintaining a "don't count your chickens before they hatch" condition. A cautious optimist would include those already booked at eight and the fifteen from the Saudi's as it closes a deal during the next month or so.