Boeing (NYSE:BA) is reportedly planning to increase production of its popular 737 narrowbody jet to a record level of at least 57 per month by July 2025, Reuters reported.
This production expansion reflects growing orders and Boeing's ongoing recovery following the 737 MAX crisis. The production schedule outlines a gradual increase, with 737 production projected to reach 42 jets per month by December 2023. This aligns with previous statements made by Boeing Commercial Airplanes head Stan Deal in June.
Subsequently, monthly production is set to grow to 47.2 jets in June 2024 and 52.5 jets in December 2024 before reaching a steady rate of 57.7 aircraft per month in July 2025. An earlier plan had proposed 52 jets per month production in January 2025.
Prior to the grounding of the 737 MAX in 2019, Boeing was working towards producing 52 737s per month on its way to a target of 57.
Boeing's formal production target for the 737 is 50 per month for the 2025-2026 timeframe, as announced by the company in November of the previous year during an investor day presentation.
This goal represents a return to a target set several years ago but was put on hold in 2019 due to the global grounding of the 737 MAX.
"I would love to get to 60 deliveries and the market is there for it. There's no doubt about it," CEO Dave Calhoun said in a July earnings call.
"If we get through that well and we execute well, then we'll be talking to all of you about 60 deliveries. But I don't want to get ahead of myself."
Both Boeing and its European competitor, Airbus, have outlined ambitious production ramp-up plans to meet the increasing demand for single-aisle planes as air travel and aircraft sales recover.