Boeing More Than Triples Orders, Beats Delivery Goal
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Boeing Co. sold more than three times as many commercial airplanes in 2010 as the year before and beat its delivery target as air-travel demand recovered from the global economic crisis.
A surge in sales of the 737 resulted in 530 net orders, stripping out 95 cancellations, the Chicago-based company said in a statement today. That’s valued at about $49.5 billion at average list prices and compares with 142 orders in 2009. Boeing delivered 462 aircraft, surpassing its target of 460, after handing over 481 in 2009 when it was catching up from a strike the year before. Deliveries are important because that’s when airlines make the bulk of their payments.