PM From Namibia, joined Feb 2005, 7299 posts, RR: 63 Posted (9 years 5 months 1 week 1 day 16 hours ago) and read 9213 times:
Each year Boeing seem to announce several orders on the very last day(s) of the year. They and their customers must, I guess, be working to an end-of-year deadline whereby the negotiated terms expire at midnight on 31st December.
31st December - 21 orders from 5 customers
30th December - 78 orders from 4 customers
29th December - 25 orders from 2 customers
31st December - 4 orders from 1 customer
29th December - 16 orders from 4 customers
(nothing after 23rd December)
31st December - 19 orders from 3 customers
31st December - 37 orders from 5 customers
(in 2001 EVERY Boeing order in December was announced on the 31st)
My point? None, really. It just seems interesting.
Zvezda From Lithuania, joined Aug 2004, 10512 posts, RR: 63
Reply 1, posted (9 years 5 months 1 week 1 day 15 hours ago) and read 9111 times:
For those of us who like to see new orders, now is an exciting time with respect to both manufacturers. We can expect to see Boeing announce a lot of new orders at the beginning of January and Airbus a few weeks later. It seems very likely that Boeing will exceed last year's order count, though the dollar value (much more important, of course) will probably be lower.
LHRspotter From United Kingdom, joined Nov 2006, 182 posts, RR: 0
Reply 2, posted (9 years 5 months 1 week 1 day 5 hours ago) and read 7754 times:
I am sure they have targets to meet and getting a couple (or 20!) last minute orders is always welcome. I am also thinking that in order to have the highest possible number of orders before the end of each calendar year they probably announce several orders before they are fully finalised rather than wait for final confirmation. Just a guess though...
Beech19 From United States of America, joined Jul 2006, 936 posts, RR: 4
Reply 3, posted (9 years 5 months 1 week 1 day 5 hours ago) and read 7643 times:
Quoting LHRspotter (Reply 5): I am also thinking that in order to have the highest possible number of orders before the end of each calendar year they probably announce several orders before they are fully finalised rather than wait for final confirmation.
Uh no... Boeing does not do this. The most you would see out of Boeing on something like this is IF the airline wanted to make it public that they were intending on purchasing is a quick press release saying "we are excited for (enter airlines name) decision to purchase the (enter airliners model) after lengthy negotiations. We cannot make any other comments at this time. blah blah blah."
Look up the Boeing news section, you will see a few...
Boeing does not announce anything unless the CUSTOMER asks them too.
JayinKitsap From United States of America, joined Nov 2005, 769 posts, RR: 1
Reply 4, posted (9 years 5 months 1 week 1 day 5 hours ago) and read 7643 times:
For Boeing, putting an incomplete order on their books faces some stiff punishment from the likes of the SEC and also lawsuits. Boeing has to be on "its best behavior" still from the ethics issues that surfaced on the military side. It is possible that a promissory note from a financial firm might replace a cash downpayment for a few weeks, but anything more would be unlikely.
For Airbus, as it was a closely held firm (EADS and BAE) and under european laws vs US laws, it seems it has more leeway. However, as Airbus is now only owned by EADS I would think that Airbus now needs to comply in the same manner that the publically held EADS does.
NAV20 From Australia, joined Nov 2003, 9909 posts, RR: 35
Reply 10, posted (9 years 4 months 4 weeks 16 hours ago) and read 2841 times:
There's a very simple reason for the annual 'Christmas rush' - 31st. December is the end of the financial year for both Boeing and Airbus, and presumably for many airlines too.
Conveniently, Boeing's traditional Thursday order update fell on 31st. December this year - so the full position is already detailed on Boeing's webiste. 1,040 net orders, of which 175 are 'UFOs.' The highlights are no less than 729 X 737s, 157 X 787s, 76 X 777s, and 72 X 747s.
Apart from the sheer number of orders, I wouldn't think that Boeing have ever before seen such an even spread of orders across their whole range of primary types? All in all, a stellar year; and a hard-earned one.
"Once you have flown, you will walk the earth with your eyes turned skywards.." - Leonardo da Vinci
Manni From South Korea, joined Nov 2001, 4221 posts, RR: 22
Reply 13, posted (9 years 4 months 4 weeks 11 hours ago) and read 2654 times:
Quoting NAV20 (Reply 12): They update it on Thursdays, correct to the previous weekend, Manni.
Is that true? So orders placed on monday are not included in the same weeks update?
Quoting NAV20 (Reply 12): I hope that you found the figures impressive also? Especially the large numbers of widebodies and jumbos?
Very impressive, but they should have gone for an additional 8 737s. I'm pleased to see a healthy Airbus competitor. Just a reminder... I've never said something along the lines that they wouldn't score a nice amount of orders, altough I wouldn't have put a dollar on more than 1000 orders if you'd asked me at the beginning of 2006. I do seem to remember someone who predicted no more orders for their competitor, somewhere halfway 2006...
Zvezda From Lithuania, joined Aug 2004, 10512 posts, RR: 63
Reply 16, posted (9 years 4 months 4 weeks 8 hours ago) and read 2490 times:
Obviously, looking at Leelaw's bar graph, 2006 was a great year for the 737 and 747. Not surprisingly, the 767 and 777 didn't do so well as they are nearing the end of their lives, with both being replaced (at least to an extent) by the 787. The only disappointment for Boeing is that the 787 didn't sell as well as they may have hoped. This might be explained by the long order backlog or it might be explained by competition from the A350.
Leelaw From , joined Dec 1969, posts, RR:
Reply 18, posted (9 years 4 months 4 weeks 7 hours ago) and read 2391 times:
Quoting Zvezda (Reply 16): The only disappointment for Boeing is that the 787 didn't sell as well as they may have hoped. This might be explained by the long order backlog or it might be explained by competition from the A350.
As of 12/31/06 announced "orders and commitments" stand at 471 aircraft, with a firm order backlog of 448 aircraft.