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Monday, October 23, 2017

Boeing's Old News: Now Becomes Singapore's New "News"

The heads of state sat in and participated on the signing of 20 777-9X and 19 787-10's thus bolstering Boeing's order book and was signed into a Singapore Airline order recognition. Boeing can identify a previous order "intent" from Singapore for these wide body during the signing. 

Image result for old News

The real news is why Boeing booked this "unidentified" order before today's ceremony at the White House in the USA. Boeing's book now stands unchanged from yesterday's documentation except 39 orders previously recorded as unidentified earlier this year are now identified as a Singapore order. The average aviation follower who does a cursory scan of aviation articles may be confused but this is an attempt to untangle how following big transactions are crazy.

Going back to Paris Airshow 2017, a reader following the events comes up with a hundred different scenarios reported by the press. First there was 200 737-10 Max announced, then there was  361 737 Max-10's having LOI's, MOU's and firm purchases for its press release. Another take said there were conversion's from the Max 8 into the Max 10's. Trying to make sense out of it all is an idiots pursuit. What really did happen at Paris?

Now comes just one simple order for 20 777-9X and 19 787-10's from Singapore Airlines. It was long ago announced in the press Singapore ordered 39 wide bodied aircraft in a major deal which shifted the battle away from Airbus and gave victory to Boeing. It was reported as an order win for the 777-9X program. Boeing had a big 777X order dry spell for a long time and Singapore shifted the paradigm for wide body aircraft towards Boeing. 

However, a funny thing happened on the order book. Boeing reported it as 39 unidentified wide body orders. Singapore today signed with the President of The United States completing 39 firm orders of wide body aircraft. Boeing updates its order book by changing 39 unidentified order units into Singapore Airlines. The bottom line; order count does not change at this point in time as Boeing still show's 177 787-10's and  326 777X's, the same number for each type at the end of September 2017. 

Did Boeing violate its own policy of not announcing a deal until the deal is done and when the customer wants it announced? Did the customer announce a transaction twice in the same year while wanting to remain unannounced? This is a very difficult situation for any airplane counter to deal with and report about. That is why Winging IT charts and graphs from Boeing's own un-audited report updates from its website before trying to say something accurate about what has happened. On another note, the Paris Airshow numbers have been a nightmare to track when trying to reconcile press reports to Boeing's own order book it publishes.

What is known is that Singapore Airlines and its Prime Minister, in a ceremony with the President of the United States, signed some documents saying they are buying 39 wide body aircraft with six options for each type of aircraft ordered. 

This already "done deal" is now officially becomes a "done deal" and Boeing can now change its unidentified orders that "hadn't happened until today" by 20 777-9X and 19 787-10 over to the Singapore Air account. The order book gross number for both those programs does not change only the word "unidentified" changes over to "Singapore Airlines", but you already knew that since Boeing and the press reported it a long time ago.

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