Archive for October 2016

Airbus Pushing to Meet Production Goals After Profit Falls 21%

Airbus A320neo Final Assembly

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…

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Boeing’s 747 jumbo snags a lifeline from UPS order – a $5.3 bln Order

Boeing 747-8F

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…

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Low-cost air travel will drive trillion-dollar airline spending spree, says Boeing

SpiceJet 737 MAX8

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…

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Embraer: Chinese startup rule creates opportunities for E190

Embraer 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…

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Boeing to unveil the location of its first overseas factory in China

Boeing and 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…

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Bombardier woos Chinese billionaire’s club, aiming to sell business jets

Bombardier Challenger 350

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…

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Boeing’s latest 777 orders won’t save program from further cuts: Analyst

Emirates Airline Boeing 777

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…

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Airbus to overtake Boeing on aircraft output rates by 2020

Airbus A350 XWB

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…

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Iran says aircraft deliveries dependent on talks with Airbus, Boeing

Iran Airbus

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.…

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Airbus hits 10,000 milestone

airbus-10000-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…

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