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Boeing has reported its February results which are not much positive. The US planemaker noted more cancellations than new orders for its commercial aircraft: 18 gross orders vs 46 cancellations.
In the result, this year Boeing’s order book has declined by 28 planes in total. Nevertheless, Boeing has succeeded in securing at least some gross orders through February (one 767 and 17 787s). Airbus, in turn, has ended the month with no new orders at all.
Yet another positive side could be linked to the 787 type. Although some airlines choose to cancel their orders, for the 737 MAX planes in particular, some of them choose to convert the existing bookings instead. And the winner of these conversions appears to be Boeing 787 Dreamliner.
While Air Canada decided to drop 11 737 MAX from their order, Air Lease, for example, converted nine 737 MAX into three 787s; Oman Air decided to convert 10 Boeing 737 MAX into four 787s.
In fact, some operators might be affected by the still on-going Boeing 737 MAX aircraft grounding. However, there is also a possibility that airlines are reconsidering their growth plans in light of the spreading coronavirus and its massive impact on the industry.
In terms of deliveries, in February Boeing delivered a total of 17 aircraft: one 737NG-based P-8 Poseidon to the US Navy, three 767Fs, one 777 and 12 787s.