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Reuters Summit: Boeing betting big on 737 MAX

Tuesday, December 13, 2011 - 02:53

Dec. 13 - Jim Albaugh, Boeing Commercial Airplanes CEO, gives his outlook on aircraft orders after the company made its biggest deal with Southwest.

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Boeing Atlanta's biggest aircraft order ever Southwest Airlines flight ninety billion dollars worth of 730 sevens. Joining me now has Jim all bonds -- CEO Boeing's commercial airplanes unit he joins us from southwest's headquarters in Dallas welcome -- That you can ask for 940. Commitments so far for the next how soon those trends are solid orders. Well we hope early next year. Our first firm orders were today it was southwest we understand the pricing. We understand the capability airplanes. And in our goal is to turn all those in different orders early next year. And how many firm orders DC it yourself getting one year from now. Crap I'd like to think that is going to be -- thirteen 14100. The market out there there's going to be another competition in the United States the united order. -- united competition they're -- more internationally. We think -- remain off on with parity. With with Airbus that's our goal. It would geographic regions in DC to demand coming for a but it's interesting the the emerging country certainly. We just had a commitment from -- in Indonesia. For 201 you know -- airplanes -- seeing a lot of interest in this airplane. In the Middle East. We're seeing interest in this airplane in China. If you look over the next next twenty years we think to be some 33500. Airplanes soul. And we think about 23000. Of these airplanes will be the single out version airplanes like the -- the -- or places like India. Jim and -- and order from southwest we'd be revising your production plans for the 737 -- and you had planned it was an act of 42. 730 -- per month for 2014. Yeah in a -- we were at 31 and a half last year we just went to 35 airplanes a month. We know on our facility in -- we can do 42 airplanes. And we're looking -- can we go higher than that the demand appears to be there. Yeah obviously we're we're concerned about the the global economy will we see a slowdown we don't over commit. To our capacity and then see some of these these orders melt away. But right now we're pretty comparable we get 42 and and we'll see if can go higher if they can't go higher how much higher can you go if you want to. Right now it's it's 42 without spending a lot of lot of capital. And we're looking at can we lead out the operation is -- more efficiently. And go higher than that number with not a large investment analyst at. Look at your wide body dreamliner the 787. Back in September you said you planet nearly double production of those planes within six most of three and a half per month in late winter or early spring how confident. Our that you can get to ten per month 12013. Well we just put out a new schedule.

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Reuters Summit: Boeing betting big on 737 MAX

Tuesday, December 13, 2011 - 02:53