Aviation

Boeing Recognized by GUINNESS WORLD RECORDS™ for 10,000th 737

RENTON, Wash., March 13, 2018 /PRNewswire/ — Thousands of Boeing (NYSE: BA) employees gathered at the company’s Renton, Wash. factory today to celebrate the 10,000^th 737 to come off the production line. With this airplane, a 737 MAX 8 for Southwest Airlines, the 737 has broken the GUINNESS WORLD RECORDS title for the most produced commercial jet aircraft model.

“This incredible milestone is a testament to the work we do every day to build the most reliable and efficient single-aisle airplane in the world,” said Boeing Commercial Airplanes president and CEO Kevin McAllister. “It represents more than 50 years of success and achievement on the part of thousands of Boeing employees past and present, our supplier partners, and our airline customers around the globe who put their confidence in the 737.”

Boeing Recognized by GUINNESS WORLD RECORDS™ for 10,000th 737 Pic courtesy : Seattle Times

The 737 previously held this GUINNESS WORLD RECORDS title in 2006 for the 5,000^th airplane to come out of the Renton factory, a mark that took almost four decades to reach. Due to growing market demand and higher production rates, the 737 program reached the 10,000^th airplane milestone only 12 years later.

“The speed at which Boeing achieved this new milestone is very impressive,” said Michael Empric, official adjudicator for GUINNESS WORLD RECORDS. “We are excited to once again recognize the 737 and the important role it plays in commercial aviation.”

Boeing will increase 737 production from the current rate of 47 airplanes per month to 52 airplanes per month later this year. The 737 program has more than 4,600 airplanes still on order fueled by sales of the newest version of the 737, the 737 MAX.

737 Facts

A 737 takes off or lands every 1.5 seconds
On average, more than 2,800 737s are in the air at any given time
More than 22 billion people have flown on a 737
The 737 has flown more than 122 billion miles, the equivalent of 5 million times around Earth.

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Aviation

No More Jet Airways. Supreme Court Says “No Choice”, Orders Liquidation

Jet Airways was once one of India’s leading airlines, known for its service and extensive network. Founded in 1993, it served millions of passengers, connecting cities across India and international destinations.

However, since grounding its flights in April 2019, Jet Airways has struggled to navigate financial turbulence, leading to years of efforts to revive the airline and return it to the skies.

On Thursday, the Supreme Court ordered the liquidation of Jet Airways, citing “no choice” but to take this decisive step after the resolution plan failed to meet creditor obligations. The court invoked its extraordinary powers under Article 142, which allows it to make orders for “complete justice” in any case, overriding previous tribunal rulings.

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The Jalan-Kalrock Consortium (JKC), which had won the bid to revive Jet, faced criticism for not fulfilling payment commitments to creditors, which included major banks like the State Bank of India and Punjab National Bank.

The Supreme Court’s ruling pointed to “peculiar and alarming” issues surrounding the resolution plan’s implementation, leading to its conclusion that liquidation was the only feasible outcome.

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Chief Justice DY Chandrachud, alongside Justices JB Pardiwala and Manoj Misra, emphasized that while liquidation should be a last resort, it was necessary as the resolution plan was “no longer capable of implementation.”

In line with this decision, the court ordered that the ₹200 crore already infused by JKC be forfeited and directed the National Company Law Appellate Tribunal (NCLAT) in Mumbai to appoint a liquidator to oversee the process.

JKC, a partnership between Murari Jalan, a UAE-based Indian entrepreneur, and Florian Fritsch, a Jet shareholder through Kalrock Capital Partners Limited, had taken ownership of Jet Airways two years after it was grounded. The consortium’s inability to fulfill its financial obligations has now led to this final verdict, marking the end of an era for Jet Airways in India.