Archive for October 2016
Boeing’s 747 jumbo snags a lifeline from UPS order – a $5.3 bln Order
United Parcel Service Inc said on Thursday it ordered 14 Boeing 747-8 cargo jets, a deal worth $5.3 billion at list prices that potentially breathes new life into an aircraft Boeing had warned it might cancel. The UPS order, which includes options for 14 more of the hump-backed planes, reflects growing demand the freight company…
Read MoreQatar Airways still doubtful will get all A350s this year
Qatar Airways said it still doubts it will get all 12 A350 planes it is supposed to receive this year, despite reassurances from Airbus after supply chain problems hit deliveries of the widebody jet. “I don’t think we will get them. That’s why we ordered Boeing, which we will start getting next year, to fill…
Read MoreBoeing set to deliver more planes in 2016
The company said it would deliver between 745 and 750 commercial planes, up from an earlier estimate of 740 to 745 – but below last year’s 762. Boeing said demand for aircraft remained strong and that efforts to boost profitability were on track. Net profit for the three months to September rose by a third…
Read MoreAirbus Pushing to Meet Production Goals After Profit Falls 21%
After a slow start to the first three quarters of 2016, Airbus Group SE is aiming to bolster production considerably to end the year strong. The European manufacturer has promised shareholders that it will significantly increase production levels in order to achieve its projected earnings and delivery figures for the year. This comes after a…
Read MoreAirbus, Boeing Follow Own Paths to Further Growth
The world’s two largest aircraft makers laid out divergent year-end goals Wednesday as Boeing Co. said it needs to land new sales, while Airbus Group SE indicated that it would deliver more jets. Both companies are under pressure from investors to deliver on their orders of 10,000 jets valued at more than $1.5 trillion and maintain the…
Read MoreAs airlines slow orders, Boeing’s output at risk
A downturn in the global airplane business appears to be gathering speed, and the first big impact is clear: Boeing, which is already cutting production jobs on its 777 jet program in Everett, will likely have to announce further cuts within months. Experts say the effects of a rapid decline in aircraft orders may ripple…
Read MoreBoeing eyes China focus with new sales chief
Boeing as early as Friday will announce the retirement of its chief jetliner salesman who led a resurgence in sales of new products at the aerospace giant in recent years, according to a person familiar with the matter. The change comes amidst a broader slowdown of twin-aisle jet sales by Boeing and rival Airbus to…
Read MoreLow-cost air travel will drive trillion-dollar airline spending spree, says Boeing
European airlines will spend $1.1 trillion on new aircraft over the next two decades as air travel booms and demand for smaller, low-cost carriers soars, according to US giant Boeing. The aircraft maker predicts that European airlines will need more than 7,500 new aircraft by 2035, which, based on its current catalogue prices, would mean a spending spree…
Read MoreEmbraer: Chinese startup rule creates opportunities for E190
Embraer Commercial Aviation CEO John Slattery believes a new rule, which initially limits Chinese startup airlines to smaller aircraft, could create opportunities for the Embraer E190. Speaking on the sidelines of the European Regions Airline Association General Assembly in Madrid, Slattery said the Civil Aviation Administration of China (CAAC) issued a rule during the G20…
Read MoreBoeing to unveil the location of its first overseas factory in China
American aviation giant Boeing is to announce the location of its first overseas factory in China, according to thepaper.cn. It was reported on Tuesday that Zhoushan in Zhejiang province, Tianjin and Xi’an in Shannxi province are all possible locations for the center specializing in the completion and delivery of Boeing737 aircraft. Boeing and its commercial…
Read MoreBoeing Reverses Course On 747 Work
Boeing Co. plans to shutter a small defense plant that had been earmarked to make parts for the 747-8 jumbo jet, adding to a tally of almost 6,700 net jobs shed since the start of the year. The aerospace group told the plant’s workforce of the move this week, though the head of the 747-8…
Read MoreNorwegian Air bets on Boeing in low-cost air travel overhaul
Asgeir Nyseth is striding down the aisle of a Boeing 787 Dreamliner. Matter of fact, he points to seats 5C and 5E. These are the best seats on the airplane, he says. This is the latest addition to a fleet of aircraft that has transformed the once regional airline, Norwegian Air. The plane stands on…
Read MoreBombardier woos Chinese billionaire’s club, aiming to sell business jets
Bombardier sees “opportunities” to make some sales in its business jet division after meeting with a group of wealthy Chinese business leaders who are looking to deepen ties with Canada, according to a person familiar with the matter. The China Entrepreneur Club, sometimes referred to as the Chinese billionaire’s club, kicked off a cross-Canada tour…
Read MoreAirbus sticks by A350 delivery target
Mixed with the recent fanfare for Airbus for its recent milestone 10,000th delivery was also the intrigue of an annual delivery goal for one of its newest aircraft tightening by the day. The aircraft in question is Airbus’ A350, it’s next-generation wide-body rival to the Boeing Co.’s (NYSE: BA) 787 Dreamliner. The delivery of an…
Read MoreBoeing’s latest 777 orders won’t save program from further cuts: Analyst
Though a recent headline-winning order from Qatar Airways is a bright spot for the Boeing Co.’s 777 in 2016, sales still aren’t adding up to the kind of numbers that would keep the wide-body jet program from likely further cuts to its production rate. Such cuts would have an impact in Wichita, where Spirit AeroSystems…
Read MoreBoeing ‘making progress’ on airplane deal with Iran: CEO
Aircraft maker Boeing Co is making progress on a deal to provide more than 100 commercial airplanes to Iran though none will be delivered in 2016, the company’s top executive said on Tuesday. The deal is part of efforts to rebuild Iran’s elderly fleet, an agreement included in a 2015 pact between Tehran and six…
Read MoreAirbus to overtake Boeing on aircraft output rates by 2020
Airbus believes it will overtake the Boeing Co. as the world’s largest commercial aircraft maker in 2020. Boeing has held that distinction for since 2012 by delivering more planes annually than Airbus. But Airbus’ CEO Fabrice Bregier, according to a report from Reuters, told German newspaper Welt that his company has retaking that crown in…
Read MoreIran says aircraft deliveries dependent on talks with Airbus, Boeing
The negotiations are underway and Iran has not reached an agreement with the two aircraft manufacturers, Araqchi said. Following the implementation of the last year’s nuclear accord, known as the Joint Comprehensive Plan of Action (JCPOA), between Iran and six world powers, Airbus and Boeing received permission, less than a month ago, from the U.S.…
Read MoreAirbus hits 10,000 milestone
Airbus has delivered its 10,000th plane – something that few imagined as the first one entered service over 40 years ago. The company has gone from awkward European collaboration to market leader. European plane manufacturer Airbus on Friday passed a significant milestone. It delivered its 10,000th aircraft. The ceremony took place at Airbus’ main base in Toulouse, France. The…
Read MoreBoeing opens first commercial aircraft plant in St. Louis
Boeing Co said on Thursday it opened its first commercial airplane plant in St. Louis that is expected to add about 700 jobs by early 2020, when the company is scheduled to start deliveries of the 777X. The world’s biggest airplane maker said it had committed more than $300 million to build the 424,000-square-foot plant,…
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