The Wall Street Journal
By Michael Calia
Oct. 2, 2014 9:22 a.m. ET
Boeing Co. said Thursday it will boost production of its 737 jets as the aerospace company attempts to meet surging demand.
The company said it will start producing 52 of the airplanes every month in 2018, up from the current level of 42 planes. Boeing had previously said it would boost production to 47 planes a month in 2017.
The increase announced Thursday would mean the 737 program is expected to produce 620 planes a year, which Boeing claimed to be its highest rate ever.
Industry observers had been expecting Boeing to boost its production rate as airlines' demand for the narrow-bodied 737s surges. Earlier this month, Irish carrier Ryanair Holdings PLC said it plans to buy as many as 200 of the newer, more-efficient 737 Max jets.
Boeing said Thursday that it has received more than 12,100 orders for 737-family aircraft from 266 customers overall. It has 4,000 unfilled 737 orders, as well.
The company's current market outlook forecasts a demand for more than 25,000 single-aisle planes over the next 20 years, good for a market value of $2.56 trillion.
- Source: http://online.wsj.com
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