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Boeing 737 MAX Order Book To Surpass 4,000 Units


  • Boeing 737 MAX 10 already has the relative share in Boeing 737 MAX order book that the MAX 9 had.
  • True strength of the MAX 10 will show in  expanding order book share.
  • Boeing 737 MAX is very important to Boeing.

During the Paris Air Show, Boeing (NYSE:BA) launched the Boeing 737 MAX 10 turning its 3-member single aisle family in to a 4-member family. In this article, I will have a look at what the Boeing 737 MAX order book looks like now and emphasize its importance to Boeing’s business.


Image Courtesy of The Boeing Company

Order book

Currently Boeing has delivered 4 Boeing 737 MAX; 2 to Malindo Air and 2 to Norwegian Air (OTCPK:NWARF). In total Boeing’s latest orderbook until May shows 3,699 orders for the Boeing 737 MAX family.

Up until the 31st of May, Boeing’s order book looked as tabulated below:

What can be seen is that for 1,381 out of 3,699 or 40% the exact type was not specified. This is possible due to Boeing not splitting out the orders per subtype. If we were assign the unspecified orders on a pro-rata basis, we would get the following overview:

Earlier, I mentioned that the conversion rate from MAX 9 to MAX 10, was about >50%. After going through the figures for the Paris Air Show and splitting the conversions by type we get the following overview:

About 133 conversions are MAX 9 to MAX 10 conversions, while the remainder of the conversions are MAX 8 to MAX 10 conversions. This would put the overall conversion rate at 6%, while the conversion rate for the Boeing 737 MAX 9 to Boeing 737 MAX 10 conversions are roughly 40%.

A close up of a logoDescription generated with very high confidence

Figure 1: Boeing 737 MAX 10 Commitments breakdown (Source: AeroAnalysis)

To get to the current order book, we can add the remaining MAX orders placed during the show, the firm conversions and process some conversion news from Air Canada (OTCQX:ACDVF) to the order book.

  • 39 orders Boeing 737 MAX 8 orders were placed during the Paris Air Show.

This article was written by

Dhierin Bechai profile picture
In-depth insights from an expert on the aerospace and airline industries
Dhierin is a leading contributor covering the aerospace industry on Seeking Alpha and the founder of The Aerospace Forum. With his Aerospace Engineering background he has a more indepth knowledge about aerospace products enabling him to cover a complex niche. Most of his reports will be about companies in the aerospace industry or airlines industry, comparing products and looking at market forecasts providing investors with unique and thorough insights. Dhierin has accumulated nearly 20 million views never failing to spark healthy and thoughtful discussions for investors and aerospace professionals.

His reports have been cited by CNBC, the Puget Sound Business Journal, the Wichita Business Journal and National Public Radio. His expertise is also leveraged in Luchtvaartnieuws Magazine, the biggest aviation magazine in the Benelux.

AeroAnalysis offers wide variety of services, ranging from providing data and cost models to consultancy possibilities. Check out our website for more information. Though we believe in the strong nature of our analysis, we are in no way giving buy or sell recommendations and advise everyone to do their own due diligence before making investment decisions.

Analyst’s Disclosure: I am/we are long BA. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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