Boeing 2021 airplane deliveries surged, led by return of 737 Max, but were still behind Airbus

By CNBC

Boeing’s sales and deliveries of new planes surged last year as customers looked beyond the Covid pandemic’s toll on travel demand, but the manufacturer still ended 2021 behind chief rival Airbus.

Boeing handed over 340 jetliners to airlines and other buyers, up from 157 in 2020, it said Tuesday. The company’s shares added to earlier gains after the numbers were released and ended the day up 3.2% at $216.02.

The deliveries were led largely by the 737 Max, which regulators worldwide had grounded for nearly two years after a fatal crash in 2018 and another in 2019. Airbus said Monday that it delivered 611 planes last year, up 8% from 2020.

The increase in deliveries was welcome news for Boeing, which has struggled in the wake of the crashes, the pandemic and manufacturing issues that have paused handovers to customers of its 787 Dreamliners for much of the past 14 months.

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