Boeing reports record-breaking deals in 2011, looks forward to 2012
Boeing (NYSE: BA) booked 805 net commercial airplane orders in 2011, fueled by a late flurry of record-breaking deals. The company also delivered 477 airplanes, ending the year with a strong backlog of 3,771 unfilled commercial orders.
“This past year was one of the most exciting and important years in Boeing’s history,” said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. “By placing record orders, our customers showed their confidence in our products and the quality of work performed by our employees. Our goal in 2012 is to ensure that 787 production is stable and reliable, while maintaining focus on execution as we deliver an increasing number of airplanes across all our programs.”
The 777 once again led Boeing’s twin-aisle programs by setting a new record for orders in a single year at 200, solidifying the company’s lead in the widebody segment of the market. Meanwhile, the launch of the 737 MAX spurred historic deals that resulted in more than 1,000 orders and commitments to date from 15 customers.
“The 737 MAX, with its unmatched efficiency, will be a key part of our customers’ future fleet needs. As our current commitments become firm orders and we add even more customers, I have no doubt that 2012 will be the ‘Year of the 737 MAX’,” said Albaugh.
Orders, deliveries and backlog at the end of 2011 by program were as follows:
|Gross Orders||Net Orders||Deliveries||Unfilled Orders|
On top of a strong backlog, the growing demand for Boeing airplanes is driving production rate increases across most of our airplane programs over the next two years. Most notably, 737 will increase production to 38 airplanes per month (35 per month rate begins this month), 777 to 8.3 airplanes per month (currently at 7 per month), and 787 to 10 airplanes per month (currently at 2.5 per month).
Boeing Commercial Airplanes highlights in 2011 included:
- First delivery of the 787 Dreamliner
- First delivery of the 747-8 Freighter
- Premiere and first flight of the 747-8 Intercontinental
- Launch of the 737 MAX
- Certification of three new airplanes in one year (787, 747-8 Freighter, 747-8 Intercontinental)
- U.S. Air Force award of $35 billion tanker contract; 767 line in Everett established as home of the KC-46A
- Record-setting 200 net orders for 777 program
- Record orders for Boeing airplanes by dollar value set twice in one year (Emirates order for 777s followed bySouthwest Airlines’ order for the 737 MAX and Next-Generation 737)
- Landmark agreement between Boeing and International Association of Machinists & Aerospace Workers on four-year contract extension
- Renton selected as future home of 737 MAX
- 7,000th delivery for 737 program
- 1,000th delivery for 767 program
- 1,000th 777 starts production
- First South Carolina-built 787 starts production
- 787 Dreamliner kicks off six-month global Dream Tour
- 787 Dreamliner sets world records for distance and speed during an endurance flight around the world
- China Services Center opened in Beijing
- 50th order for the 747-400 Boeing Converted Freighter
A detailed report of Boeing Commercial Airplanes orders and deliveries is available on the Orders and Deliveries website.
American Airlines announces codesharing agreement with LAN Ecuador
American Airlines and LAN Ecuador announced today they have received approval from the United States Department of Transportation (DOT) and Ecuadorean authorities for authorization to begin codeshare cooperation. The agreement, which will also strengthen the oneworld® alliance, will provide customers of both airlines more choices and greater connectivity when traveling between the United States and Ecuador and across each airline’s global network. Sales start today and travel begins Jan. 9.
This codeshare relationship will allow American to place its code on LAN Ecuador flights, and LAN to place its code on American Airlines flights. The placement of American’s code on LAN Ecuador flights will provide American’s customers seamless connecting service to three new cities in Ecuador not currently served by American.
At the same time, placing LAN Ecuador codes on American Airlines flights will offer LAN customers new destinations in the U.S. such as Atlanta, Boston, Dallas/Fort Worth, Charlotte, N.C., Denver, Fort Lauderdale, Fla., Houston, New Orleans, Philadelphia, Phoenix, San Diego, San Francisco and Seattle.
American will codeshare on the following LAN Ecuador flights:
- International flights between:
- John F. Kennedy International Airport (JFK) and José Joaquín de Olmedo International Airport (GYE) in Guayaquil
- Miami International Airport (MIA) and José Joaquín de Olmedo International Airport (GYE)
- Miami International Airport (MIA) and Mariscal Sucre International Airport (UIO) in Quito
- Domestic flights within Ecuador between the following destinations:
- José Joaquín de Olmedo International Airport (GYE) and Baltra Airport (GPS)
- José Joaquín de Olmedo International Airport (GYE) and Mariscal Sucre International Airport (UIO)
- Mariscal Sucre International Airport (UIO) and Baltra Airport (GPS)
- Mariscal Sucre International Airport (UIO) and Cuenca Airport (CUE)
- José Joaquín de Olmedo International Airport (GYE) and San Cristobal Airport (SCY)
LAN Ecuador will codeshare on the following American flights:
- International flights between:
- Miami International Airport (MIA) and José Joaquín de Olmedo Airport (GYE)
- Miami International Airport (MIA) and Mariscal Sucre International Airport (UIO)
- Connecting service between:
- Miami International Airport (MIA) and John F. Kennedy International Airport (JFK)
“By strengthening and broadening our relationship with oneworld partner LAN, we are able to offer our customers more travel options and are better positioned to deliver enhanced benefits across our respective networks,” said Kenji Hashimoto, American’s Vice President – Strategic Alliances.
“This agreement will improve connectivity between the two countries with access to more destinations by providing flight connections and therefore promoting trade and tourism,” said Maximiliano Naranjo, LAN Ecuador’s General Manager.
Additionally, members of the American Airlines AAdvantage® program and LAN’s frequent flyer program, LANPASS, will be able to earn miles on the codeshare flights, providing customers another benefit of the enhanced relationship. The two airlines are exploring other ways to augment their cooperation to provide passengers more choices and benefits when traveling throughout North and South America.