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737 Production Being Ramped Up Nearly 25 Percent by Boeing

Image: 737 Production Being Ramped Up Nearly 25 Percent by Boeing
In this September 23, 2013 file photo, an American Airlines Boeing 737 airplane takes off from a runway at Ronald Reagan Washington National Airport in Arlington, Virginia. (Saul Loeb/AFP/Getty Images)

By    |   Friday, 03 Oct 2014 12:09 PM

Boeing announced production of its 737 airliners is being ramped up, tripling the rate of planes it produced a decade ago as the aviation giant bets big on the future of single single-aisle jets.

Boeing announced that it will increase its production rate to 52 airplanes per month by 2018, up from the current 42 airplanes per month at its facility in Renton, Washington, according to the Wall Street Journal's Market Watch.

The Seattle Times reported that the bold but risky announcement assumes there will be no downturn in the currently hot market for 737 models. Boeing told the Times that more than 1,000 planes have been purchased over the past two years.

"This increase is a recognition of the teamwork that achieved record level production rates while improving safety, productivity and quality," Beverly Wyse, vice president and general manager of the 737 program, told Market Watch. "Strong efforts by Boeing employees, our suppliers and community support allow us to continue to build these fabulous airplanes in Renton for years to come."

At the same time Boeing is ramping up production, the Seattle Times said, the aviation leader is planning on introducing two new 737 models – the 737 MAX 8 in 2017 and the MAX 9 in 2018. Wyse told the newspaper that by 2018, half of the planes produced in the ramp-up will be in the new MAX model.

"We'll bring on people to help us produce the MAX, then we'll go to 47 a month in 2017, then 52 in 2018," Wyse told the Seattle Times. "All positive for the current workforce and the region."

The Puget Sound Business Journal reported Boeing expects its 737 market to be worth another $2.56 trillion over the next 20 years, according to a market forecast study it released this past summer.

"For over a decade we have seen resilient demand for the 737, and a rate increase to 52 per month reflects the appetite for airplanes like the 737Max and (the current) Next Generation 737," said Randy Tinseth, Boeing's vice president of marketing.

The Seattle Times noted that Airbus, Boeing chief competitor, is expected to match Boeing rate hike, putting a strain on aviation suppliers, many which the two company giants share.

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Boeing announced production of its 737 airliners is being ramped up, tripling the rate of planes it produced a decade ago as the aviation giant bets big on the future of single single-aisle jets.
737, production, ramped up, boeing
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2014-09-03
Friday, 03 Oct 2014 12:09 PM
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