Boeing aircraft deliveries edge higher in Q2

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NEW YORK CITY: Boeing’s commercial aircraft deliveries rose slightly in the second quarter compared with a year ago, the US aerospace giant said on Thursday (Friday in Manila).

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Overall commercial deliveries were 199 for the quarter ending June 30, two more than the year-ago period. The figure is closely monitored by investors because aerospace companies are paid for aircraft when they are delivered.

A majority of the delivered aircraft, 127 units, were the narrow-body Boeing 737, which flies short and medium distances.

Boeing delivered 28 of the long-range 777 aircraft and 38 of the “Dreamliner” long-range aircraft known for lighter-weight materials and fuel economy.

Boeing has described the commercial air market as still strong even as it forecast that 2016 would be the first year to see a decline in aircraft deliveries since 2010.

Through the first six months of 2016, Boeing’s commercial deliveries were 375, down six from the first half of 2015. The figures suggest Boeing is likely to meet its target of delivering 740-745 planes this year.

AFP

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