vagabond

From Associated Press:

CHICAGO — Boeing said Tuesday that it has begun building its 777 jet at the highest rate that it’s ever made a big passenger jet, aiming to crank out more than eight planes per month.

Boeing has long said it would ramp up the pace of 777 production. It’s also speeding up its smaller 737 and it’s new, long-haul 787.

Boeing will build 8.3 of the 777s per month at its factory for large jets in Everett. Boeing said the increase is a jump of almost 20 percent over its previous rate of seven per month.

Boeing said it hired and trained hundreds of additional workers for the speedup.

The first plane to be built at the faster rate is a 777 freighter, with an expected delivery to Korean Air in February.

Boeing has a backlog for 335 of the planes, and it’s continuing to book new orders. List prices run from $258 million to $315 million, although discounts are common.

xkuzme1

Probably because airlines want to convert their 787 options to 777s.

The Dominican

The 787 is showing the potential to become a very successful program for Boeing, either though they are both long haul A/C, the 787 is also demonstrating (the ANA, performance numbers in the domestic market, as well as the long haul market are pretty impressive) very good performance in medium and short haul flights, I think both the 787 and the 777 (specially the next gen 777's) will sell very well going forward.

sailingfun

I doubt it. Now that the 787 is flying its turning out to be a great aircraft and doing better then spec.

vagabond

Doing real good. I just hope the stock price rises as well.

Boeing rakes in cash as production soars; 787 to beat year-end delivery target. | Business & Technology | The Seattle Times

gloopy

What stock(s) though? Boeing is "soaring" off the ponzi scheme fantasy order books of the "Heros of Farnborough" press release addicts. They are connected enough to keep the lobbing pressure up so the US subsidizes every one of those AC at insane levels, while Airbus does the same, so no one benefits other than foreign carriers. They know they have no place to put that fantasy growth unless they start to get huge wins on cabotage foreign ownership.

Boeing is on the sugar rush high right now that will depend on the gutting of US aviation jobs just like US maritime jobs in order for that one politically embedded company to continue thriving at that level. There is little doubt they are also lobbying hard that we can't ever cut military spending (or even freeze it) or else we are all doomed, our babies won't be safe, Hitler will rise again or whatever other nonsense sells on any given day.

Its great to root for the home team, but rest assured that home team is doing everything they can to root and bet against you at every turn.

atr42flyer

heard today in the van from a SWA FO that he hear directly from the dir of training that SWA wants to add the 777 to the fleet.

amcnd

"Wants" and "will" are two different things.....

gloopy

Why wouldn't they? Anything someone else adds becomes gifted capacity from the legacy carriers that immediately surrender it to preserve margins.

OnMyWay

Wow! Apparently worth all of the delays?