Boeing Company (BA) yesterday bagged an order for fourteen 737-700 series aircrafts from Canadian airliner WestJet. This took WestJet’s pending deliveries for 737-700 series aircraft from Boeing to 54.
With this order, Boeing has been able to maintain its position as the sole supplier to WestJet. As of now, WestJet’s fleet consists of an all-Boeing squad of eighty-one 737 aircrafts.
Boeing’s 737-700 aircraft is pitted against Airbus’s A319 aircraft. To date, Boeing has booked more than 5,000 orders from around 120 customers spread around the globe. Of this, more than 2,100 deliveries worth more than $158 billion are pending. Boeing’s focus on 737-700 is evident with its earlier revelation of 2% improvement on fuel consumption by 2011, through a combination of airframe and engine improvements.
Headquartered in Chicago, Boeing is the world’s largest manufacturer of commercial jet liners and military aerospace products (based on total sales). Boeing designs and produces commercial airplanes (787, 737, 747, 767, 777), defense systems, and civil and defense space systems.
It is also the largest NASA contractor. Non-airplane products include helicopters, electronic and defense systems, missiles, satellites, rocket engines, launch vehicles, and advanced information and communication systems. We maintain our market Neutral recommendation on the shares.
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