Boeing Co. has recorded its best October for commercial aircraft orders in nearly three decades, signaling strong demand despite challenges faced by airline customers due to high jet fuel prices. The company reported 165 net orders last month, the highest for an October since 1997 after accounting for cancellations.
The majority of these orders came from Avolon Holdings Ltd., which placed a significant order for 140 737 Max 10 planes. This order boosted the backlog for the largest variant of the 737 series to nearly 1,700 aircraft, just weeks after receiving approval from U.S. regulators.
The strong performance in October highlights Boeing's ability to secure orders even in a challenging economic environment for airlines. The high jet fuel prices have put pressure on airline profits, but demand for new aircraft remains robust.