NAGA : Boeing Reports to Being 'very close' to Restarting 787 Deliveries

According to Commercial Airplanes CEO Stan Deal, Boeing is "very close" to starting its 787 aircraft deliveries again. B787 deliveries have been suspended for a year as Boeing completes inspections and repairs in an industrial nightmare estimated to cost roughly $5.5 billion.

Boeing anticipates a surge in 787 orders once deliveries resume

Once it resumes delivery of the aircraft, Boeing anticipates a rise in new orders for its 787 Dreamliner model, according to Stan Deal. B787 deliveries have been suspended since May 2021 as Boeing works through inspection and production ‍concerns. But, according to Mr. Deal, Boeing, the American plane manufacturer, is extremely close to starting 787 deliveries up again. "Maybe the ninth inning of a ball game," Deal said. "We're getting airplanes ready for the delivery process."

The Federal Aviation Administration (FAA)* "will sign off on each delivery only after Boeing demonstrates the aircraft meets FAA safety standards,"* a representative for the agency stated.

Additionally, until the end of December, Boeing has to secure permission for the 737 MAX 10, the largest member of its most popular single-aisle aircraft family. Otherwise, a 2020 legislation requires it to comply with new cockpit alerting standards unless Congress waives it.

Latest on Boeing ($BA) stock

5-day chart of $BA stock as of Monday 18/7/22 10:30 UTC

If recent comments from CEO Dave Calhoun are any indication, Boeing investors may be in for more turmoil. In an interview with Aviation Week this month, Boeing CEO Dave Calhoun said the company might have to scrap the 737 MAX 10 due to potential regulatory problems. This might result in billions of dollars in missed revenues going to Boeing's planemaker competitors. However, as the aerospace sector swelters at its biggest event since COVID-19, which is the Farnborough Airshow, Boeing will attempt to support its ailing 737 MAX 10 and 777X jetliners this week with orders officially totaling over $15 billion from Delta Air Lines and Lufthansa. Boeing ($BA) is currently trading at $147.74, which signifies a 0.40% increase in price for the day and is marked an extra 2.90% higher in pre-market trading, indicating an opening bell price of $152.02 ahead of the Farnborough Airshow.

Future of Boeing ($BA)

The analysts that provide a year's price projections have a consensus price target of $200 for Boeing ($BA), with a high estimate of $298 and a low estimate of $130. From the current price of $147.74, the consensus estimate represents an increase of 35.38%.

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Conclusion

With the hit the airline industry had to survive during the pandemic, Boeing has had more than its fair shares of woes. So resuming 787 airline deliveries is definitely a breath of fresh air for the airline. The numbers show a positive increase in Boeing stock value upon resumption of airline deliveries. Undoubtedly, investors are in for good times ahead. But investors would be kept on their toes as they await the 737 MAX 10 decision, which would have a massive impact on Boeing's stock. Stan Deal said there was "not a high probability" that Boeing would cancel its 737 MAX 10 model; we hope to see how this plays out.

Summary

• According to Commercial Airplanes CEO Stan Deal, Boeing is "very close" to starting its 787 aircraft deliveries again.✈️️
• Boeing anticipates an increase in new orders for its 787 Dreamliner model once deliveries resume.
• Boeing will try to shore up its troubled 737 Max10 and 777X jets this week with orders worth more than $15 billion from Delta Air Lines and Lufthansa.

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