Boeing to increase 737 production rate to 52 per month in 2018

Boeing will increase production on the 737 program to 52 airplanes per month in 2018 in response to strong market demand from customers worldwide. Once the increase is implemented, the 737 program is expected to build more than 620 airplanes per year. “The 737 Next-Generation and 737 MAX airplanes offer our customers unparalleled efficiency and reliability,” said Boeing Commercial Airplanes President and CEO Ray Conner. “Whether for fleet growth or for replacement needs, the 737 enables market success for carriers due to lower operating economics and by providing a better passenger experience.” Boeing currently produces 42 airplanes per month at its Renton, Wash., factory, and the company previously announced plans to increase the production rate to 47 airplanes per month in 2017. The 2014 Current Market Outlook, Boeing’s long-term forecast of air traffic volumes and commercial airplane demand, projects a need for more than 25,000 single-aisle airplanes over the next 20 years, worth $2.56 trillion total market value.