Saturday, June 11, 2016

Boeing posts 14 787s deliveries in May



Boeing delivered 14 787s in May which was 1 more than I had expected them to deliver in the month.  The 14th unexpected delivery was a 787-9 to Japan Airlines and this certainly helps Boeing to get back on track in terms of the delivery target for the year.

In the past month Boeing started final assembly on 12 787s and rolled out 13 to start the flight testing and delivery process.  Over all the efficiency ratio for the month of May is a decent 0.93 (13 roll outs divided by 14 deliveries).  For Everett, the ratio was 1 which meant that they delivered the same number of 787s that they rolled out (8 rolled out and 8 delivered).  For North Charleston, the ratio was much better at 0.83.  That plant rolled out 5 787s and delivered 6 which meant that they delivered airplanes that were intended to be turned over in April.

One notable delivery made by Boeing in May was to Air Austral's first 787-8 which was ZD002 (LN 22, F-OLRC).  This was the first early built 787 to be delivered since March 2015.  I expect Boeing to deliver 5 more early build 787-8s this year including one this month (if all goes well; more on this later). Other notable deliveries made in May was the last 787-8 that ANA had on order and the first 787-9 for Air China.

Through May 2016 Boeing has delivered 417 787s since program deliveries began in September 2011.  54 have been delivered in 2016 through the end of May.  Of the 54 787s delivered through May, 40 are 787-9s and 14 are 787-8s.  In May Boeing delivered 6 787-8s and 8 787-9s.  The number of 787-8s to be delivered has continuously decreased as others for the smallest version of the 787 family has dried up.  Over 70% of the current total orders for the 787-8 have been delivered leaving about 126 -8s to be delivered.  In comparison, Boeing has yet to deliver 457 of the larger and more expensive 787-9s.  Over 20% of this order book have been delivered.



In June I expect Boeing to continue the 12/month production rate with 6 787s entering final assembly each in Everett and North Charleston.  This will include the 1st 787-8 for Uzbekistan Airways.  An interesting point to make is that Everett is taking about 21 days to assembly the 787 (from loading in position 1A to roll out from position 4).  For North Charleston the number of days is about 28 to 29.  Each 787s that rolls out still spends some time getting minor assembly tasks completed as well as some ground testing before being released to Boeing flight test but the aircraft is, in essence, assembled.

I expect that Boeing should be able to deliver 15 787s in June.  Thus far they have delivered 2 (both 787-9s) including the first to Steven Udvar-Hazy's Air Lease Corp. (ALC) which leased the aircraft to Hainan Airlines.  Most of the aircraft that are scheduled for a June delivery have already have had their B-1 flights.  Two 787s including one in Charleston that still has to be painted have yet to make their first flights and it is starting to gt a little tight schedule wise.

Other notable deliveries will be an early build 787-8 to Ethiopian Airlines. This aircraft, ZD004 (LN 12, ET-ATL) is currently in paint and one of 6 early build 787-8s that Ethiopian agreed to buy last year.  The only hiccup may come in the form of the (continuing) issues at the Ex-Im Bank as only 2 of the 5 board seats a re filled.  A minimum of 3 need to be filled in order for financing of purchases over $10 million to be approved.  Currently the Republican controlled House of Representatives are holding up the approval of the board nominees.  Boeing is still currently showing delivery of ZD002 for June 29th with a C-1 customer flight scheduled for 6/21.  If Boeing can deliver 15 787s in June they'll be half way to my predicted delivery target of 139 787s.  They would need to average 12 deliveries per month for the second half of the year to accomplish that goal.  Stay tuned and let's see what happens.

787 Full Production Table
Total 787 Deliveries By Customer
2016 Projected Operator Deliveries
2016 Projected Customer Deliveries
2015 Projected Operator Deliveries
2015 Projected Customer Deliveries

An Appeal

For 8 years I've shared my passion for aviation through this blog.  It obviously doesn't pay the bills and thus is a labor of love.  I've worked in the finance field for over 25 years, specifically covering residential mortgage backed securities. Now major changes in this industry bought on by new regulations in the wake of the 2007-2008 financial crises is forcing companies to reduce headcount and put a lot of talented people out of a job including myself.  I am part of a dying industry and I recognize the need to move onto something which I can be passionate about while at the same time being able to support my family.

Thus I am making an appeal to those of you who read and follow my blog.  If you are in the aerospace industry or related to the aerospace industry and can use someone with my skill set, please contact me so I can send you my resume and perhaps starting a dialog that would be mutually beneficial.  I know it's probably unusual for a blogger to be asking for a job though a blog but if I can reach people who can help me then why not.  Thank you for your support!

11 comments:

jan bar said...

Dear Mr.Uresh,
You are doing such a great job for Boeing.
Is it not something obvious?
May also God help you,

Best regards,
Janusz Barbasiewicz,
Slupsk, Poland

Unknown said...

Best of success in your quest for a new job, Uresh!

1coolguy1 said...

Uresh - What happened to the prior posts and information - the area below this is all blank.

Uresh said...

My prior posts are still there. Just go to the navigation on the left side and look under "Blog Archive"

Daetrin said...

Best wishes on a new career - you have many fans rooting for you!

Uresh said...

Thanks!

Traveling Man said...

This blog has brought me far greater understanding and appreciation for Boeing company than I ever had before. Somebody at the company should find you a spot somewhere on their PR staff.

Just a thought. Thanks for your hard work in keeping us informed.

Uresh said...

Thanks! Though I'm not a 100% sure, I don't think Boeing wants me working for them!

Hiromichi Notake said...

ANA's 787-9 will be registrated as follows:

ANA: ZB697(L/N582) will be JA893A.

Scott Taylor said...

Hello Uresh:

Have you thought about working in aviation journalism? I think the skills you're demonstrating through this blog would be a good fit (more so than a PR department at a manufacturer, in my opinion).

Cheers,

Scott

Uresh said...

I'm open to that!