Boeing is likely to raise production levels of its narrowbody offerings.
On Wednesday, a senior executive from Boeing said, judging by currently available data, the aircraftmaker must seriously consider raising the production levels of the 737.
When asked at a briefing at the Singapore Airshow whether Boeing was considering increasing its planned production rate of 57 aircraft a month, Randy Tinseth, Boeing VP of Marketing stated, “Right now I look out into the future, and we are oversold at those rates, so we are going to watch it closely in terms of meltaway.”
He went on to add, “If those numbers don’t go away, we have to think very seriously about that (increasing production)”.
The term meltaway is the industry’s jargon for airlines that cancel orders or fail to take deliveries.
Typically, airplanemaker try to sell more airplanes than they can produce, especially in the narrowbody segment, so as to buffer against such disruption.
On Tuesday, Airbus and Boeing signaled they were looking at higher production rates.