Air India announces massive sale of jetliners before Boeing orders slip in January

The number of orders and deliveries for Boeing aircraft dropped from a month earlier in January.

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Despite the drop in deliveries from December, the number of jetliners Boeing delivered last month was still higher than the 32 planes it delivered in January 2022. 35 of those planes were its bestselling 737 Max aircraft.

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Air India ordered nearly 500 new planes from Boeing and its chief rival, Airbus, on Tuesday, but the numbers don't include that order.

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In a move that makes the combined sale of 220 Boeing and 250 Airbus planes the largest ever, Air India ordered 12 rows of Boeing 787 Dreamliners and 250 Airbus A380s, as it prepares for a further recovery in air travel following the recent Covid pandemic travel concerns.

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Boeing said last month that it was planning to increase production of its 737 Max to 50 planes a month by 2025 or 2026; however, because of supply chain instability, it has been cautious about increasing production beyond 31 per month.

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As a result of the cancellation of 39 orders, as many as 55 gross orders were logged by the company for January.

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At a Cowen Industry Conference this Wednesday morning, Boeing's CFO, Brian West, will give a briefing to analysts and investors on the company's business performance.

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