Korean Air announced its intent to purchase 103 next-generation aircraft from Boeing, 19 spare engines from GE Aerospace and CFM International, and a comprehensive engine maintenance program with GE Aerospace on August 25. The total investment is valued at approximately USD 50 billion (KRW 70 trillion): USD 36.2 billion (KRW 50 trillion) for Boeing aircraft, USD 690 million (KRW 1 trillion) for 19 spare engines and an additional USD 13 billion (KRW 18.2 trillion) for the 20-year engine … [Read more...] about Korean Air to purchase 103 Boeing aircraft plus GE engines totaling KRW 70 trillion
Boeing
Boeing announces Chief Financial Officer transition plan
Boeing announced a transition in its chief financial officer role. Brian West will become a senior advisor to Boeing President and CEO Kelly Ortberg, and Jesus "Jay" Malave has been elected as incoming executive vice president and chief financial officer. Both roles are effective August 15. West, who served as Boeing CFO for the last four years, will continue working with the company in an advisory capacity, including assisting in the upcoming CFO leadership transition. "I want to … [Read more...] about Boeing announces Chief Financial Officer transition plan
Boeing appoints Dana Deasy as Chief Information Officer
Boeing announced Dana Deasy as the company's new chief information digital officer and senior vice president, Information Technology & Data Analytics. Elected to the role effective Dec. 31, 2024, Deasy will oversee all aspects of information technology, information security, and data and analytics. He will report to Boeing President and CEO Kelly Ortberg and serve on the company's Executive Council. "Dana is a well-respected, global technology leader who has a track record of … [Read more...] about Boeing appoints Dana Deasy as Chief Information Officer
Boeing: Air cargo traffic to double by 2043 as emerging markets drive growth
With a strong air cargo market exceeding pre-pandemic levels, Boeing forecasts continued long-term growth, saying air cargo traffic will increase by an average of 4% per year through 2043. These projections appear in Boeing's 2024 World Air Cargo Forecast (WACF), the biennial overview and long-term outlook for the air cargo industry. "As the quickest and most reliable way to move goods, air cargo's sustained growth has returned the industry to its long-term trend," said Darren Hulst, Boeing … [Read more...] about Boeing: Air cargo traffic to double by 2043 as emerging markets drive growth
Emirates SkyCargo to expand fleet, capacity with five more Boeing 777 freighters
Boeing and Emirates SkyCargo announced an order for five more of the world's largest and longest-range twin-engine freighter, building on its earlier purchase of five 777 Freighters. The latest order, which was finalized in September and listed as unidentified on Boeing's Orders and Deliveries website, brings Emirates' order book to 249 Boeing widebody airplanes, including 14 777 Freighters. As the cargo division of the world's largest international airline, Emirates SkyCargo plans to operate … [Read more...] about Emirates SkyCargo to expand fleet, capacity with five more Boeing 777 freighters
Boeing: China commercial fleet to more than double by 2043 for growth and modernisation
China will more than double its commercial airplane fleet by 2043 as its aviation industry expands and modernizes to meet growing demand for passenger and cargo air travel, according to Boeing's 2024 Commercial Market Outlook (CMO) for China, the company's long-term forecast of demand for commercial airplanes and related services. "China's commercial aviation market for passengers and cargo continues to expand, driven by economic growth and airlines building their in-country networks," said … [Read more...] about Boeing: China commercial fleet to more than double by 2043 for growth and modernisation
