Boeing Hits Milestone in 737 MAX Orders

By Douglas A. McIntyre Updated May 23, 1:35PM EDT · Published May 23, 8:00AM EDT

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Orders for 30 planes were enough to push Boeing (NYSE: BA) past the 2,000 mark for orders of the 737 MAX this week. But then Boeing went ahead and recorded 45 orders more.

Boeing on Thursday released its latest report on airplane orders received — and canceled — through May 20, showing net orders of 366 planes so far this year.

To date, the aerospace giant has booked:

414 “gross” orders for various flavors of its 737 regional airliner
four orders for the 777 airliner
one 747 order
one 787 order

As has been the case for months, Boeing continues to see gains exclusively in orders for its smaller, regional 737s. This past week, the company recorded orders for 75 such planes. Ten orders came from China Eastern Airlines, and 15 more from Nok Air in Thailand. The bulk of the new orders, however, 50, came from “unidentified customer(s).”

No new cancellations were reported. As a result, Boeing’s 420 gross orders for planes placed to date, minus the 54 cancellations last reported, results in a net gain of 366 planes to the company’s order book this year.

In related news, Boeing confirmed on Tuesday that its 737 MAX airplane program passed the 2,000 planes-ordered mark this week. It did so on the back of 30 orders from “unidentified customer(s)” cited in today’s order book update. With those orders under Boeing’s belt, it said on Tuesday that the 737 MAX had received a total of 2,010 orders since it first went on the market.

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Noted Boeing: “The 737 MAX has reached 2,000 orders faster than any other Boeing airplane in history.”

The 737 MAX now has 39 separate customers around the globe, anteing up $209 billion at list prices to own the plane, according to a Boeing press release. Customers with larger orders often pay less than list prices. Boeing says it has commitments from customers to buy more than 250 additional airplanes at some future time.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.