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Boeing and Airbus Enjoy Boom in Orders/Major Aircraft Market in China, Business and Industry Trends Analysis

While the new jumbojets, like the A380 and the 787 got a lot of press and admiration, perhaps more important is the demand from global airlines of all types for smaller, single-aisle planes to replace older models that are not particularly fuel-efficient.  In 2023, Boeing delivered 528 aircraft and booked 1,314 net new orders (after allowing for cancellations), compared to 480 deliveries and 774 net new orders in 2022.  Airbus delivered 735 aircraft in 2023 and booked 2,094 net new orders compared to 661 deliveries and 820 net new orders in 2022.
In recent years, Boeing focused on a new high-efficiency version (called the 737 MAX) of its exceptionally popular, single-aisle 737, rather than go through the expense, delays and uncertainties of designing and launching an entirely new airliner.  The aircraft features CFM International LEAP engines, lowered maintenance requirements and high fuel efficiency.  An all-new interior design, called “Sky Interior,” has better headroom, overhead bins that disappear into the ceiling yet carry more baggage, as well as LED lighting.


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