With supply chain challenges easing, Aircraft manufacturer Boeing is about to take off with more aircraft completions per month.

After having a financial stumble for the past few months, plane manufacturer Boeing appears to be seeing brighter days for the rest of the year, with the manufacturer announcing its intentions to increase production for the famous Boeing 787 Dreamliner and 737 MAX.

Boeing looks to boost production now that supply chain problems are starting to ease and the world is effectively open again and ready for business.
 

Narrowbody production will increase at Boeing's Washington state Renton plant, which looks to expand from a usual output of 31 MAX per month to 38 and increase to about 84 aircraft per year. Meanwhile, the production of the widebody Dreamliner, produced in North Charleston, South Carolina, will see the manufacturer boost from three to four of every famous aircraft.

The latest move from Boeing is all part of its plans to increase production overall, and its goal is to produce at least 50 MAX variants per month by 2025. Boeing's Chief Financial Officer, Brian West, released this statement as reported by the Seattle Times:
 

“We’re confident that the supply chain is coordinated to deliver on this. They’ve known about it for a while, and we’re happy to be able to move forward. We’ll do it a step at a time, and we’re happy we can make this first move to 38.”

Heading to Washington, Boeing has noted its plans to recommence production at its Everett site for the Boeing 777X, set initially to recommence in 2024.

Boeing’s Rebound

Large jet orders have recently boosted the manufacturer's balance sheet, increasing its overall value on the stock market on Wall Street. While Boeing's second-quarter finances were positive, it still sits behind fierce rival Airbus regarding deliveries and orders.

June 2023 shows that the manufacturer made 60 deliveries and took orders for 304 aircraft. These numbers represent a substantial increase from the 50 deliveries and 69 orders seen in May 2023. Throughout Quarter Two (April through June 2023), Boeing delivered 136 aircraft, including 103 737 MAX and 20 787s, and took orders for 407 more.

Regarding widebody aircraft, Boeing delivered 20 787s to 12 different customers, including two 787-10s to Taiwan's EVA Air. Oneworld member airlines were well represented in Boeing's Q2 delivery statistics, with American Airlines, Qantas, and British Airways taking delivery of three 787-8s, two 787-9s, and two 787-10s, respectively.

Looking into Q2, Boeing took an impressive 407 orders from April through June 2023. By far, the most significant order came from Air India, which opted for 190 737 MAXs, ten 777Xs, and 20 787-9s. Fellow Indian carrier Akasa Air also ordered four 737 MAXs, to join the 19 already in service with the airline.
 

With Boeing regaining financial stability and the world reopening from the COVID-19 pandemic, the plane manufacturer can finally put all their resources into making as many planes as possible. However, with recent pilot shortages, Boeing may not be out of the woods quite yet. 

Pilot shortages have been projected to reach around 17,000 by 2024, and with so many airlines such as British Airways and Aer Lingus trying to recruit pilots, some airlines may be forced to reduce their fleet size. Hopefully, Boeing will still be able to pull through.