62% of the commercial aviation industry's deliveries in 2001,
and 80% of the 2001 orders will be delivered in the next three
years, according to Boeing Commercial Airplanes.
announced early this year that it logged definitive agreements
for 335 orders during 2001, noting that 80% of the airplanes comprising
those orders will deliver within the next three years. Currently,
Boeing airplanes make up roughly 80% of all the commercial airplanes
over 100 seats operating in the world.
Airplanes ended last year with a confident production outlook
for 2002 and 2003 with 99% of its current production slots sold
out for 2002 and 70% for 2003. Order-to-delivery timing is particularly
important in a cyclical industry.
business plan is to support our customers with their needed airplanes
and services through this economic cycle," said Alan Mulally,
president and CEO of Boeing Commercial Airplanes. He said the
company is taking steps to deal with industry realities, including
working with customers to deliver the airplanes they need, adjust
production rates accordingly and improve Boeing's operational
efficiency. Boeing anticipates the downward trend in deliveries
will continue for the next few years with deliveries for 2002
of 350-400 airplanes, with less in 2003.
is looking at promising opportunities in the worldwide airplane
fleet, which has more than 3,000 aircraft still in service that
are 20- to 30-years old and candidates for replacement. This includes
airplanes such as the Boeing 727, 737-100/200, DC 9, DC 10, 747-100/200/300,
and the Airbus A300. Nearly 1,600 of these airplanes are in North
America alone, and in Europe there are more than 300. The operational
efficiency of today's Boeing airplane models provides airlines
with the economic justification and incentive to retire their
In spite of
late-year economic and industry challenges, Commercial Airplanes
had several important achievements in 2001, including the announcement
of the Sonic Cruiser program in March. Other highlights included
the sale of 30 737s to China worth an estimated US$1.6bn, the
launch of the 747 Long-Range Freighter, the introduction of the
Global Aviation Inventory Network to help airlines manage spare
parts, and the initiation of a new Safety and Security Services
positive comments from customers, Boeing also reaffirmed its commitment
to the 717 program. Other notable programs include the 767, which
had a tremendous year taking on 51 new orders. The company also
celebrated the rollout of the 1,000th Next-Generation 737.
was accomplished in less than four years," Mulally said.
"No other airplane program has achieved such worldwide success
in such a short time. This is the best selling airplane program
ever and we are extremely pleased."