June 24, 2016, (c) Leeham Co.: Boeing's recent deal with Iran Air for 100 737s, 777s and 747s and its indication that a Memorandum of Understanding with Volga Dnepr may be firmed up will help fill production gaps on the 777 Classic and 747-8 lines. But these transactions won't fully fill the gaps.
Boeing declined to detail the breakdown of its order--which is still subject to US government approval--but Reuters and The Wall Street Journal obtained the detailed list.
The Volga Dnepr MOU was announced last year at the Paris Air Show for up to 20 747-8Fs. This month, news emerged that this MOU appears to be firming up for 10 plus options or commitments. This contract may be announced at the Farnborough Air Show.
Iran Air deal includes four 747-8s and 15 777-300ERs. Helpful, but not enough to fill the production gaps.
Volga's firming of 10 orders is helpful for the 747-8, but even at a reduced production rate of six airplanes per year, a significant gap remains.