Boeing aims to regain market share with 400-plus 737 MAX deliveries by end of 2023
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Boeing (NYSE:BA), the multinational aerospace corporation, is working towards an ambitious target of delivering over 400 units of its troubled 737 MAX aircraft by the end of 2023. The plan was unveiled in Dubai as part of a strategic initiative to regain lost market share amidst a global trend of airline fleet expansion.
The past three years have been challenging for Boeing, with its journey marred by supply chain disruptions and specific issues with the 737 model. Among these issues is a design non-compliance problem that has caused delivery delays. In the first eight months of this year alone, Boeing managed to deliver 344 planes.
Further complications arose when Spirit AeroSystems (NYSE:SPR) Holdings Inc., a key supplier, misdrilled holes in 737 bulkheads, which are crucial for maintaining cabin pressure. This error necessitated comprehensive inspection and rectification of thousands of misdrilled holes on the 737 MAX 8 aft pressure bulkhead.
These challenges have not only impeded new production but also disrupted routine maintenance component replacements in the airline industry. Randy Heisey, Boeing’s regional Managing Director, highlighted the high demand for supply bases to rebuild their capacity, thereby pushing suppliers to meet their production quotas.
While Heisey did not provide a definite timeline for resolving these supply chain issues, he hinted at an imminent resolution. As Boeing continues its worldwide fleet expansion, it remains committed to overcoming these obstacles and reaching its delivery target by the end of next year.
