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Boeing 777: Increased Production + Delivery..!

Boeing delivered its first ever increased production rate Boeing 777 to Korean Air. The current rate of production is 8.3 aircraft per month. This is good news for the global aircraft producer as it is trying to overcome the crisis situation caused by the Boeing 787 battery problem:

The First Boeing 777 Built at Increased Rate – PR Newswire (press release)

Boeing has delivered the first 777 built at the increased production rate of 8.3 per month, or 100 airplanes per year. The airplane, a 777 Freighter, was delivered to Korean Air. In the past 32 months, the 777 program has increased its production rate twice. The rate went from five to seven per month in 2011, and now to the all-time high of 8.3 per month. 1,072 777s have been delivered through the end of January and a total of 1,431 have been ordered from 66 customers around the globe.

Additionally, the aircraft maker is now producing 100 Boeing 777 yearly in its effort to cover the global need for wide-body passenger and freight airplanes:

Boeing’s Accelerated 777 Production Rate Bears Fruit – Motley Fool

On Monay, Boeing  confirmed that its accelerated production rate on its long-range, wide-body, twin-engine 777 jet airliner has begun to bear fruit.  Boeing delivered to Korean Air the first 777 produced at the new, accelerated rate of 8.3 planes per month. Over the past 32 months, Boeing has twice increased the rate at which it produces the planes. It is now churning out 777s at the rate of 100 planes per year — 66% faster than its production rate as recently as 2011.In a press release announcing the delivery, Boeing noted that since beginning production on the plane it had delivered 1,072 777s to 66 customers around the globe as of the end of January. With 1,431 total orders received, the plane has about 359 planes left to be built — or a backlog about three and a half years long. Regardless, like pretty much every other stock on the market, Boeing shares closed down in Monday trading. The shares were off 2.1% at $75.03 by the time the closing bell rang.

Boeing 777 Korean Freighter 1

More importantly, the German aircraft carrier Lufthansa has final thoughts to close an order for six Boeing 777-300 ERs for Swiss, according to Aviation Week:

Lufthansa Set To Buy Six Boeing 777-300ERs For Swiss – Aviation Week

Lufthansa is close to placing an order for six Boeing 777-300ERs that will be allocated to its Swiss International Air Lines subsidiary, industry sources tells Aviation Week. The purchase, although relatively small, would be a major breakthrough for Boeing; Neither Swiss nor Lufthansa has operated a passenger variant of the 777, and sister carrier Austrian Airlines only acquired its four 777-200ERs when it bought Lauda Air. The 777-300ERs are to replace part of Swiss’ current Airbus A340-300 fleet. The airline operates 15 aircraft of that type and has been evaluating a successor model given the A340’s poor economics. Swiss also has 13 A330-300s and is scheduled to take delivery of two more. Earlier delivery slots for the 777 are understood to have been one important factor in the fleet decision, as Lufthansa is expected to make a broader decision for next generation aircraft, such as the Airbus A350 or the Boeing 787, later this year. That decision will mainly address the replacement need for the German airline’s 48 A340-300s/-600s. Part of this larger order also could include fleet needs for Swiss and Austrian. In addition to the four 777s, Austrian operates a fleet of six aging 767-300ERs. All fleet decisions for Lufthansa Group’s family of airlines are made at the company’s Frankfurt headquarters.

On the other hand, in the Boeing 787 battery problem the Federal Aviation Administration (FAA) doesn’t seem to rush in giving the “green light” for allowing the 787 aircraft to return in commercial service till is fully confident that the battery problem is solved:

FAA won’t rush to reinstate Boeing 787 until ‘confident’ in battery fix – Q13 FOX

The FAA said Friday that it is reviewing a Boeing proposal aimed at fixing the 787 battery problems, but that it will not rush to reinstate the plane until it is fully confident the issue is  resolved. “The FAA is reviewing a Boeing proposal and will analyze it closely,” the Federal Aviation Administration said. “We won’t allow the 787 to return to commercial service until we’re confident that any proposed solution has addressed the battery failure risks.” Boeing met with FAA Administrator Michael Huerta and other safety leaders on Friday afternoon in Washington, D.C., to discuss a solution to the battery meltdown issues that triggered an emergency landing in Tokyo last month and forced the FAA to ground all 50 in-service jets. Boeing said the meeting, which was run by Boeing Commercial Airplanes CEO Ray Connor, was “productive.” The two discussed the status of ongoing work to address the 787 Dreamliner problems.

Finally, achieving an increased rate of production is a goal that requires at least effective use of current innovative strategies, systems and materials. It is clear that Boeing has to take its lessons from the 787 Dreamliner crisis situation. The increased production of Boeing 777 is a fact…

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