Boeing said it was accelerating production to clear a backlog of 5,900 orders, and that China was a major player in its future plans. The company also announced plans for the first commercial version of the 787 Dreamliner, which will be built at an assembly plant in Everett, CEO Dennis Muilenburg said the firm wanted to increase its production from the record-breaking 806 aircraft of 2018 to 895 to start to clear the backlog. He said China would form about 18% of commercial airplane demand during the next 20 years and that a third of the orders for its 737 were from China. He added that the firm could “weather” short-term issues like the US/China trade dispute.
Boeing said it was accelerating production to clear a backlog of 5,900 orders, and that China was a major player in its future plans. The news boosted the company's share price. CEO Dennis Muilenburg said the firm wanted to increase its production from the record-breaking 806 aircraft of 2018 to 895 to start to clear the backlog. He said China would form about 18% of commercial airplane demand during the next 20 years and that a third of the orders for its 737 were from China. He added that the firm could “weather” short-term issues like the US/China trade dispute.