The Clap American aircraft manufacturer Boeing (NYSE: BA) aims to almost double the production of its flagship model by the end of 2023.
For reference As of late January 2022, Boeing’s build rate stood at 27 jets/month, 25 jets less than its build rate in 2019.
The fall & rise of air travel Aircraft manufacturers around the world were forced to cut production significantly during the past two years, mainly due to the rise of the pandemic.
Now, they’re seeing increased demand for direct flights with durations between 3-6 hours. Boeing & its European competitor “Airbus” have been seeing big-sized orders flowing in recently.
But these production plans aren’t set in stone The industry faces another challenge in the shape of recent supply chain disruptions. Boeing won’t be the only player looking to ramp-up its production. Shortages of labor & material supplies, as well as weakened financial positions, are set to make for a bumpy comeback.