Dubai-based lessor, LCAL, established in 2004 to buy and lease 787s, cut its Dreamliner order from 21 aircraft to five. The 16 cancellations are another blow to the ongoing troubles surrounding the Dreamliner and are valued at US$2.8 billion. This is the second big 787 order cut revealed in the last two weeks after Russia's S7 confirmed last week that it had cancelled its order for 15 Dreamliners. … [Read more...] about Dubai lessor cuts 787 order
Boeing
S7 cancels Dreamliners
Russian airline S7 has cancelled a contract to buy 15 Boeing 787 Dreamliners for delivery in 2014 and will seek to lease the planes instead. "S7 retains interest in using the Dreamliner and wants to take the planes under a leasing scheme at an earlier date, for which it is in negotiations with several leasing companies," the airline said. … [Read more...] about S7 cancels Dreamliners
Airbus tops Boeing deliveries in ’08 but predicts soft ’09
European aircraft maker Airbus once again took top spot in global airliner production for the sixth year running in 2008, with a 7 per cent rise in deliveries, to a record 483 planes. Deliveries comprised 386 A320 family aircraft, 85 A330s/A340s and 12 A380s. Its US rival, Boeing, delivered 375 planes in 2008 after a machinists' strike halted commercial aircraft production for 58 days. Airbus booked 777 net aircraft orders in 2008, down from 900 after 123 cancellations, topping Boeing's 662 net … [Read more...] about Airbus tops Boeing deliveries in ’08 but predicts soft ’09
Airbus tops Boeing deliveries in '08 but predicts soft '09
European aircraft maker Airbus once again took top spot in global airliner production for the sixth year running in 2008, with a 7 per cent rise in deliveries, to a record 483 planes. Deliveries comprised 386 A320 family aircraft, 85 A330s/A340s and 12 A380s. Its US rival, Boeing, delivered 375 planes in 2008 after a machinists' strike halted commercial aircraft production for 58 days. Airbus booked 777 net aircraft orders in 2008, down from 900 after 123 cancellations, topping Boeing's 662 net … [Read more...] about Airbus tops Boeing deliveries in '08 but predicts soft '09
Boeing set to slash 4,500 jobs
Chicago-based Boeing has announced that it will eliminate 4,500 jobs from its commercial work force in 2009, with 60-day layoff notices going out next month. Most of the jobs will be cut from its Seattle-based commercial airplane division. The job cuts will not be unionized machinists - which paralysed the company with a strike late last year - but rather administrative positions and what the company described as employees in "overhead functions." "This is a difficult and painful decision," … [Read more...] about Boeing set to slash 4,500 jobs
B787 problems force A330 freighter delay
Ongoing production delays of Boeing's new 787 Dreamliner passenger aircraft is resulting in customers looking to Airbus passenger aircraft as a replacement which is forcing Airbus to postpone production of its freighters. Setbacks in technical development and an eight-week strike by machinists that ended only in November, has pushed delivery of the 787 to two years behind schedule, costing Boeing an estimated US$2 billion. But for carriers still needing passenger capacity despite the tough … [Read more...] about B787 problems force A330 freighter delay