Aircraft OEM 2023 Performance Overview – IBA Analysis

Dr. Stuart Hatcher, IBA’s Chief Economist and ISTAT Certified Senior Appraiser, used IBA Insight to reveal that:

• Airbus is on track to get very close to their 2023 target of 720 commercial aircraft deliveries.

• The A220s are near to a production rate of 5.2 per month, which falls close to their 2023 target. However, a significant increase is needed to reach the 14-per-month rate target required by the end of 2026.

• GTF engine issues have impacted the operations of the A320neo family aircraft and IBA foresee this could influence production rates in the coming year. IBA forecasts they will produce a total of 568 units in 2023, split equally between the LEAP and GTF engine.

• IBA forecasts that Airbus will deliver around 28 A330neos in 2023 and around 62 A350s.

• Boeing faced challenges with quality issues affecting consistency in deliveries, especially for the 737 MAX.

• Despite setbacks and adjustments, IBA forecasts that Boeing will deliver 379 commercial 737 MAX aircraft (and one MAX BBJ), staying within an adjusted target range of 375-400 deliveries (the previous target was 400-450 deliveries).

• Boeing will come close to its initial 2023 production target for the 787 of 70-80 aircraft, with IBA forecasting it will deliver 67 to customers.

• Overall, IBA expects Boeing to deliver 489 commercial aircraft, falling short of its expectation of 590 units.

• Turning to other OEMs, ATR aimed to produce 40 aircraft in 2023 but is estimated to be closer to 27.

• Embraer had targeted 65-70 commercial deliveries and is estimated to reach

To read Stuart’s full analysis, click here.

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