Boeing delivered 46 737 Max jets in March 2023

Boeing last month overcame a rocky start to the year by delivering about 46 of its 737 Max jets to bring the quarterly number to approximately 106, analysts at Bank of America said in a report Tuesday, citing data from aviation researcher Cirium.

“These numbers are in line with Boeing’s delivery target of 100-112 737s per quarter to achieve its full year target of 400-450 and exceeded the current 31-a-month production rate, indicating a potential burn off of excess inventories,” Ronald J. Epstein, analyst at Bank of America, said in an April 4 report.

When Boeing reports delivery and order data next week, the numbers may be higher with the inclusion of 737NG deliveries, according to the report.

Boeing’s goal to deliver 70-80 of its 787 Dreamliner widebody jet may be more difficult, BofA said. The company resumed 787 output on March 10 and delivered about five of the planes by the end of the month, according to Cirium.

BofA’s report came out the same day that Northcoast Research downgraded Boeing to an investment rating of Sell, and questioned the company’s ability to hit its delivery targets because of supply-chain constraints. apple.news