Archive for October 2015

Boeing’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…

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Safran Talking With Boeing, Airbus on Raising Output

Leap engine

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…

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Boeing secures largest Dreamliner order From Norwegian Air

Norwegian Air 787

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…

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Boeing beats Wall Street’s expectations with strong jet deliveries

Boeing 787 Dreamliner Tail

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…

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Embraer 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…

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Bombardier in talks with Air Canada, JetBlue on CSeries orders

Bombardier CSeries

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…

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Boeing sees significant gain in China traffic on visa changes

China Airlines 777-300

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…

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Delta CEO predicts glut of used Boeing 777s

Delta 777-200ER

Delta Air Lines, known for snapping up bargain-priced single-aisle planes, is shopping for larger, used long-haul jets. A glut of widebody models coming off leases is creating an “aircraft bubble,” Chief Executive Richard Anderson said Wednesday. While no deal is imminent, he said Delta repeatedly gets offers to add twin-aisle jetliners such as Boeing’s 777-200…

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