Boeing has announced that it has chosen its North Charleston, South Carolina facility as the location for a second final assembly site for the 787 Dreamliner program. Boeing said it evaluated criteria that were designed to find the final assembly location within the company that would best support the 787 business plan as the program increases production rates. In addition to serving as a location for final assembly of 787 Dreamliners, the facility also will have the capability to support the … [Read more...] about Boeing announces second 787 assembly line
Aircraft Manufacturers
Airline exec confidence returns
Airline executives expect improved results and a rebound in cargo volumes in the coming year, a "turning point" for a sector closely linked to economic trends, a survey released on Monday showed. The International Air Transport Association (IATA) said confidence had grown markedly among major carriers in Asia, Europe and the Americas. "This does look like a turning point," IATA said of the quarterly business confidence poll. … [Read more...] about Airline exec confidence returns
Boeing reports $1.6 billion loss in Q3
The Boeing Co’s troubled 787 and 747-8 programmes, along with the global economic recession dragged down its third-quarter earnings, causing the company to report a US$1.6 billion loss Wednesday. “We look forward to getting the 787 and 747-8 in the air soon and moving forward with flight test and certification for these two important programmes,†said Jim McNerney, Boeing’s chief executive. Last month, Boeing disclosed a $1 billion charge on its delayed 747-8 … [Read more...] about Boeing reports $1.6 billion loss in Q3
China posts 8.9 per cent Q3 GDP growth

China posted GDP growth of 8.9 per cent in the third quarter of the year, up from 7.9 per cent growth in the second quarter, Bloomberg reported. The growth rate, the fastest in a year, reflected heavy government stimulus spending and high lending growth. Helped by massive stimulus spending on infrastructure, urban fixed-asset investment rose 33.3 per cent in the third quarter. Industrial production rose 13.9 per cent year-on-year in September, the highest rate of growth in more than 12 … [Read more...] about China posts 8.9 per cent Q3 GDP growth
China-ASEAN Free Trade Area on track
The Chinese Vice Premier has reaffirmed his country's commitment to going beyond the China-ASEAN Free Trade Area (CAFTA) which is set to come into effect on January 1, 2010 in developing comprehensive economic cooperation in the Asian region. This agreement will provide a zero-tariff policy on 90 per cent of the products traded between China and ASEAN countries including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Once CAFTA takes … [Read more...] about China-ASEAN Free Trade Area on track
EC postpones emissions standard until 2010
The European Commission (EC) has delayed, for the second time, the formal announcement of its baseline aviation sector CO2 emissions standard until mid-2010, Bloomberg reported. The EC had originally set a 2 August 2009 deadline for publishing a CO2 baseline necessary for its emissions cap for flights into and out of the EU and its related Emissions Trading Scheme, both which are scheduled to come into effect in 2012. The Commission postponed the date after Europe's main airline associations … [Read more...] about EC postpones emissions standard until 2010
