Archive for October 2015
It’s All Coming Together For Boeing
I remember about a year ago when one of the main concerns about Boeing was that it was trailing Airbus’ backlog and that this very factor could be a sign that Boeing was losing the great race between the two companies positioned at the opposite sides of the pond. Back then, BA’s stock traded at…
Read MoreEmbraer Delivers 21 Commercial and 30 Executive Jets in 3Q15
During the third quarter of 2015 (3Q15), Embraer delivered 21 jets to the commercial aviation market and 30 to the business aviation market, for a total of 51 aircraft. The number is 50% higher than in the same period last year, when 34 aircraft were delivered – 19 commercial and 15 executive jets. On September…
Read MoreSafran Talking With Boeing, Airbus on Raising Output
Safran SA is still talking to Airbus Group SE and Boeing Co. about the French aircraft-engine manufacturer’s capacity to accelerate production as the world’s two big planemakers press suppliers to help them increase output of single-aisle planes. Safran reaffirmed its 2015 forecasts Thursday, though it cautioned that development of its Silvercrest engine for corporate jets…
Read MoreBoeing’s Large Backlog Trumps Fears
With ongoing updates within the quarter on orders and deliveries, the quarterly earnings reports for Boeing aren’t typically chocked full of surprises. Heading into the results, the airplane manufacturer continued to maintain a massive backlog while improving the delivery rates. The real questions during the quarter were debates on the valuation of the stock and…
Read MoreBoeing secures largest Dreamliner order From Norwegian Air
Budget carrier Norwegian Air has ordered up to 29 Boeing Dreamliners as it expands its long-haul services, which its chief executive has promoted with an eye-catching promise of $69 fares to cross the Atlantic. Norwegian, Europe’s third-biggest budget airline by passenger numbers after Ryanair and EasyJet, has launched flights to the Middle East, southeast Asia…
Read MoreBoeing books 20 737 MAX orders from Oman Air
Boeing announced that it booked 20 firm orders for its 737 MAX single-aisle aircraft from Oman Air SAOC, an order that nearly doubles the airline’s 737 fleet. Oman Air’s order includes conversions of six 737 NG planes to 737 MAX jets, for a net gain of 14 in Boeing’s order book. Boeing and rival Airbus…
Read MoreBoeing says 777 output may fall as losses narrow on 787
Boeing posted better-than-expected quarterly results and lifted its financial outlook on Wednesday, but signaled it may juggle plane production to keep profits flowing as one of its two main cash cows dries up. Boeing said it could cut production by as much as 15 percent on its 777 long-range, widebody jetliner, one of its most…
Read MoreFirst Customer-Built SubSonex Jet Flies
Redge Greenberg, a pilot from Durango, Colorado, is one of the few people in the world ever to have built his own jet in his garage after completing the first customer-assembled SubSonex, serial number JSX0003. “I flew the SubSonex this morning, for about 35 minutes…all went well,” Redge wrote to inform kit manufacturer Sonex Aircraft…
Read MoreBoeing: Midsize Jets A ‘Niche Market’ But ‘Important’
A new mid-range plane could be in Boeing’s future, but the aerospace giant is still gauging interest from customers about their need for it. On a conference call Wednesday, Boeing management said it still sees a mid-range plane filling a “niche market, but an important one.” If customers want such a plane, Boeing would be…
Read MoreBoeing beats Wall Street’s expectations with strong jet deliveries
Faster production of commercial jets continues to drive profits at the Boeing Co., which saw earnings jump 25 percent in the third quarter. It also raised its earnings outlook for the year. The Chicago-based company on Wednesday posted a $1.7 billion net profit, up from $1.36 billion during the same period last year. Boeing said…
Read MoreEmbraer Celebrates 300th Phenom 300 Delivery, Strong Q3 Jet Deliveries
Embraer Executives Jets celebrated the delivery of the 300th Phenom 300 business jet. The commemorative aircraft was accepted by an undisclosed US customer at Embraer’s facility in Melbourne, Florida, on October 15. The Phenom 300 has been the most-delivered business jet in the world for two consecutive years (2013 and 2014). The 300th delivery confirms…
Read MoreBombardier Regroups After Airbus Setback
Despite failing to agree a potential tie-up with Airbus, Bombardier insists it can make its bet on entering the lucrative medium-range passenger jet market a winner, while also leaving the door open to possible future alliances. “Bombardier is fully committed to the C Series and we have the financial resources in place to support the…
Read MoreAnalysts question Boeing 787 profitability
Despite increasing delivery numbers and the company’s own bullish stance on the program going forward, some analysts are questioning if the Boeing Co.’s 787 Dreamliner will ever turn a profit. According to a report from the Seattle Times, the Dreamliner has too deep a hole to dig out of to ever fly into the black.…
Read MoreDelta CEO warning prompts questions about Boeing 777 production levels
An airline’s warning of a “bubble” in the market for used jetliners shows how vulnerable Boeing Co may be because of slowing sales of its widebody 777 jets, and fueled speculation that it may have to cut the plane’s production rate. Delta Air Lines Inc CEO Richard Anderson said on Wednesday he expects prices for…
Read MoreWhatever happened to the 90-seat turboprop?
There used to be a lot of talk about Bombardier and ATR launching large turboprops that could comfortably accommodate 90 passengers. Former ATR CEO Filippo Bagnato publicly pushed the large turboprop concept at the 2013 Paris Air Show, where he told reporters he wanted to bring a 90-seat turboprop to market in the 2018/2019 timeframe.…
Read MoreBombardier in talks with Air Canada, JetBlue on CSeries orders
Bombardier Inc., struggling to find established airlines as buyers for its new CSeries airliner, is in talks about a possible order with JetBlue Airways Corp., two people familiar with the matter said. The discussions are continuing, and no decision has been reached, said the people, who asked not to be identified because the deliberations are…
Read MoreBoeing sees significant gain in China traffic on visa changes
Boeing Co is seeing a significant uptick in China traffic as the government eases travel restrictions and moves toward a service-based economy, even as the Chinese economy grows at its slowest pace in more than 20 years. “We see no slowdown in traffic domestically, traffic regionally, and actually see an uptick, significant internationally, especially as…
Read MoreGulf Air to buy 40-50 aircraft in next 6 months
Gulf Air, Bahrain’s national airline, will place an order for between 40 and 50 aircraft in the next six months, Chief Financial Officer, Sahar Ataei, told Gulf News in Dubai on Tuesday. “We have finalised some aircraft deals and are still looking to finalise some others within the coming six months,” Ataei said on the…
Read MoreBoeing’s Longest 787 Jet Gets Boost in $8 Billion EVA Deal
Boeing Co.’s stretched version of the 787 Dreamliner, whose sales have slowed since its 2013 unveiling, is getting a boost as Taiwan’s EVA Airways Corp. adds the plane in a wide-body deal valued at more than $8 billion. EVA plans to take 24 of the 787-10 models and two 777-300ERs, Boeing said Thursday in announcing…
Read MoreAeroflot Seeks to Exit Deal for 22 Boeing Dreamliner 787s
Aeroflot PJSC, Russia’s biggest carrier, is trying to get out of an agreement to buy Dreamliners from Boeing Co. as it seeks planes and routes from a debt-saddled airline and the market struggles in recession. “We’re trying to exit the deal,” Chief Executive Officer Vitaly Savelyev said in an interview on Rossiya 24 television. “Boeing…
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