Boeing

Boeing revises global demand outlook upward

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Speaking at the Farnborough International Airshow, Boeing Commercial Airplanes president and CEO Jim Albaugh said the company is working hard to stay ahead of the competition as the market begins to rebound. Albaugh said that despite some continued uncertainties, Boeing's overall view of the market is becoming more positive as the world regains its economic footing. "The market is clearly coming back and I feel very confident about how we are positioned to regain — and retain … [Read more...] about Boeing revises global demand outlook upward

Boeing should replace 777 not 737: Analyst

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Boeing’s top priority should be replacing its 777 widebody jet, not the 737 narrowbody, according to J.P. Morgan analyst Joseph Nadol who warned that Airbus’s new A350XWB widebody family, which is scheduled to enter service in 2015, already is eating into 777 sales. Nadol notes that 777 backlog peaked more than two years ago and now totals just 3.2 years' worth of production, compared with nearly five years' worth of production in the 737 backlog. “Boeing still needs … [Read more...] about Boeing should replace 777 not 737: Analyst

Aeroflot scolded for not buying ‘Made-in-Russia’

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Prime Minister Vladimir Putin reprimanded Aeroflot recently for not purchasing enough Russian-made planes, telling the state-run carrier's CEO, Vitaly Savelyev that growing profits and dividends were not its only concern. The airline recently announced plans to purchase a combined 44 planes from Boeing and Airbus, compared with 30 of Sukhoi's regional SuperJet, starting in 2016. This includes a recent Board of Directors approval to purchase 11 Airbus A330-300s with delivery in 2011-2013. … [Read more...] about Aeroflot scolded for not buying ‘Made-in-Russia’

Emirates marches on with $9B in new orders

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Dubai's Emirates Airline has placed an order with Boeing for an additional 30 777-300ER aircraft, worth approximately US$9.1 billion at list prices. The new order adds to the fleet of 71 777-300ERs previously ordered, of which 53 aircraft are currently in service. The 777-300ER offers an additional cargo payload of 20.1 tonnes. The order adds to an already substantial order book that is set to soon place Emirates as the largest airline in the world by fleet size. In addition to the order placed … [Read more...] about Emirates marches on with $9B in new orders

Aeroflot scolded for not buying 'Made-in-Russia'

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Prime Minister Vladimir Putin reprimanded Aeroflot recently for not purchasing enough Russian-made planes, telling the state-run carrier's CEO, Vitaly Savelyev that growing profits and dividends were not its only concern. The airline recently announced plans to purchase a combined 44 planes from Boeing and Airbus, compared with 30 of Sukhoi's regional SuperJet, starting in 2016. This includes a recent Board of Directors approval to purchase 11 Airbus A330-300s with delivery in 2011-2013. … [Read more...] about Aeroflot scolded for not buying 'Made-in-Russia'

Boeing begins assembly of first 747-8 Intercontinental

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Boeing has announced it began assembly of the first 747-8 Intercontinental at its Everett, Washington factory. Late last week, mechanics took the first step in major assembly for the new airplane by loading its wing panels and spars in the assembly tools. "This milestone symbolises the dedication, focus and hard work that our team, suppliers and customers have invested in designing this wonderful airplane," said Mo Yahyavi, vice president and general manager of the 747 programme, Boeing … [Read more...] about Boeing begins assembly of first 747-8 Intercontinental