As a result, Boeing delivered 31 787s to airlines in the September quarter of this year, compared with 23 787 deliveries in the same period last year. Higher deliveries for news these two highest selling Boeing airplanes accounted for the entire increase in Boeings total commercial airplane deliveries in the third quarter. In our view, the company executed these rate hikes as backlogs for both these airplanes rose sharply over the past few years. With global air passenger traffic recovering strongly in the aftermath of the financial crisis, airlines from around the world placed large orders for these jetliners. Through September 2014, Boeings backlog for the 737 swelled over 4,000 airplanes and backlog for the 787 Dreamliner increased to about 860 airplanes. At current production rates, the company will take approximately 7-8 years to clear off this backlog. The issue with this long time period is that airlines will have to wait many years before taking delivery against their orders.
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