Boeing Lifts 737 Production Rate
Boeing said on Thursday it will boost production of its best-selling 737 aircraft to 38 a month in the second quarter of 2013, the third rate increase for the popular airliner announced this year.
Boeing said in June that production of its next-generation narrow-body 737 would rise to 35 a month in early 2012. In May, the aircraft maker said it would raise output to 34 a month from 31.5.
"Increasing production is in response to customer demand for this airplane," Boeing Commercial Airplanes President Jim Albaugh said in a statement.
Boeing said the latest boost was not expected to have a material impact on 2010 financial results.
The company also said that improvements to the 737, a model that was introduced in 1997, would result in a 2 percent reduction in the plane's fuel consumption by early 2012.
Boeing and Airbus suffered a slump in orders in 2008 and 2009 amid the recession. Now, demand is resuming as air traffic trends recover.