Friday, June 17, 2016
Half through June Boeing has delivered 4 787 (1 -8 and 3 -9s) and obviously as is common in this program, Boeing will make the bulk of their deliveries at the end of the month as is usual with them. The good news is given the flight test activity over the last 10 days, they're well positioned to deliver 11 more Dreamliners to customers. All 11 have had their B-1 flights and 8 have yet to fly their customer acceptance flights but most if not all of those should be done by the 24th. One aircraft, a 787-9 for Air Canada, is still in paint.
If Boeing is able to deliver 15 787s this month then the 787 delivery count for mid year 2016 will be 69 which is half the 139 that I project that they will deliver. This includes 6 early builds aircraft of which one has been delivered and one more should be delivered this month.
Speaking of which, Boeing might have found alternate means of financing sales that would have normally have gone through the Ex-Im Bank. I'm hearing reports that Wall Street may fill in for the understaffed Export Import Bank and finance these transactions. This not something that has been verified but if true should clear the way for deliveries of the early build 787s to Ethiopian Airlines.
Production is also going well with 8 airplanes having started final assembly so far this month while 8 others have been rolled out. I anticipate that by the end of this month, we'll see 13 787 rolled out and 13 other starting final assembly. The Everett plant is taking about 3 weeks to assemble and roll out 787s on occasion Everett has been able to assemble Dreamliners in as little as 18 days. This rate will be needed if/when Boeing goes to 14/month. One of the 787-9s that just started final assembly is the first one for American Airlines. This airplane should be delivered in late September.
One last bit of speculation. Qatar is due to receive the 30th and final 787-8 around July 13th. This is right in the middle of Farnborough 2016 so I'm wondering if we will see an announcement from Qatar exercising the 30 787 options that they have. Given the delays tot he A350 and A320NEO, Qatar is not too happy with Airbus(t). Firming up these options might be away of Qatar showing it's displeasure. Like I said, just speculation on my part.
787 Full Production Table