00:00I think, first of all, first of all, good afternoon. Every order is a good order, right?
00:06It used to be a song out there, I guess. Every love is good love. Right. Every order is good.
00:12So good to see it. When I took a look at it, I haven't seen an official announcement on Boeing's
00:18site, but I've seen it reported in some news outlets. It's triple sevens, triple seven freighters.
00:25You know, Boeing's got a pretty strong product lineup in that that triple seven freighter world.
00:30That's triple seven is going to be the biggest airplane in the sky with the new version of it.
00:37Freighters quite large, pack it out pretty well. You know, so, again, it's a good order, but I would
00:43have liked to have seen things like narrow body orders. I'd like to see 737 orders going into
00:50China. That would get me more excited. That's a bigger portion of the marketplace.
00:56So, again, good. Good to see China on the book here. But this is an airplane that Boeing has a
01:02really strong, you know, airplane to offer. Airbus doesn't have as good of an offering.
01:10And so I could have seen them potentially order this even away from the Trump visit and the,
01:17you know, and hopefully the rapprochement. Well, George, as Paul mentioned, you know,
01:22it seems like for years, China, the China airlines market just in general seems to have been close
01:27off to a lot of the outsiders. But, you know, with this deal, do you foresee some of that starting
01:35to thaw? And could this be the beginning of even more deals between the U.S. and China companies?
01:40Well, so we've put actually a China calculator on the Bloomberg terminal because we really look at that
01:46market. Prior to the pandemic, it was the most important market in the world, I think, for Boeing
01:53and Airbus. You know, they were selling, there was over 300 narrowbodies going in there a year. It was
02:00a significant portion of narrowbody production. It's really slowed down. But I would say it's still
02:07open for Airbus. Airbus has made, you know, a lot of deliveries into the market and orders in the market.
02:13And so it's been closed largely to Boeing since the first Trump administration. I think they kind
02:20of used the grounding of the max, the max crash, grounding the max is reason not to take it. Now,
02:27China's slowed since then considerably. And so China just doesn't need the airplanes, we think,
02:33right there. The GDP growth is, you know, from 8% down into the fours now. China's been a little
02:40bit
02:41inward looking. And, you know, they're building their own competitor to the Airbus and Boeing,
02:48Airbus A320, Boeing 737, the Comac C919. That has ramped much slower than we expected. I want to say
02:56there were some 20 some deliveries of that last year. In time, I would expect them to replace
03:02Boeing and Airbus orders and deliveries with that airplane. But again, like, you know, right now,
03:09the way it looks to us is they're absolutely still buying from Airbus, taking the majority of their
03:15deliveries from Airbus. And Boeing has just been blocked out since the first Trump administration,
03:21where we sort of entered into the trade war. And so that's kind of what we're looking for to lift,
03:26because it could be more opportunity for Boeing. But we see a lot of orders on the books
03:30for Airbus. It feels like they're pretty full with orders. So that's why we're kind of watching
03:35closely to see what they do here. George, you've got about 30 seconds left. Where is Boeing now on
03:39the monthly deliverables for 737? Because you've told us in the past that's really critical for
03:44their cash flow story. Moving to 47, which is what we expected mid-year. So I think they'll do 47
03:51a
03:51month on the 737 through the end of the year, which is quite strong. They're actually getting
03:55better performance out of their supply chain and production build than Airbus is now,
04:00albeit Airbus is at higher absolute levels. But Boeing's doing a decent job of catching up right
04:06now. So it's looking nice.
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