‘Hideous, extreme greed’: Why disasters keep happening at Boeing March 28, 2024 Its share price is down, regulators are investigating, airlines are unhappy and its CEO is stepping down. Can Boeing survive the crisis?
Boeing confronts new turbulence as mid-air incident raises alarms January 8, 2024 In the wake of a recent mid-air fuselage breach on a 737 Max, Boeing finds itself under increased scrutiny, triggering concerns about its ability to maintain a delicate equilibrium between accelerated production and product quality. The incident adds pressure at a pivotal moment for Boeing, awaiting approval for new models of its renowned MAX jet. [...]
Ryanair boss Michael O’Leary blames Boeing and Airbus delays for ticket fare rises November 6, 2023 Ryanair chief executive Michael O'Leary has blamed delivery delays at Boeing and Airbus for rising air fares across Europe.
Ryanair boss O’Leary cuts flight due to Boeing plane delivery delays September 28, 2023 Ryanair announced it has cut its winter flight schedule due to delays in the delivery of new Boeing 737 planes. It will reduce the number of aircraft it planned to base at several airports across Europe, including East Midlands Airport and Dublin Airport. The airline said it was due to receive 27 new Boeing aircraft [...]
Boeing posts £115m loss but aircraft deliveries pick up speed July 26, 2023 Boeing reported a $149m (£115m) net loss in its quarterly results on Wednesday, despite the plane maker seeing a rise in revenues on the back of “strong demand” for commercial aircrafts. The aerospace giant saw revenues increase to $19.8bn (£16.9bn), up 18 per cent year-on-year, which it said primarily reflected 136 commercial deliveries. It also [...]
777 Partners’ new aviation asset arm raises $230m to finance Boeing 737 deliveries June 7, 2023 AIP Capital, the aviation asset management arm of Miami-based 777 partners, has raised $230m (£184.5m) from investors to finance the delivery of 7 Boeing 737 Max aircrafts, amid ongoing financial difficulties and backlogs in the sector. The newly-launched private equity group, which operates in Dublin, London and the US, said that Citibank arranged the acquisition [...]
Ryanair places multi-billion Boeing order as airline bets on boosting passenger numbers May 9, 2023 Ryanair has placed a multi billion dollar order for up to 300 Boeing 737 Max 10 jets in a deal which would mark the end of a dispute between the two aviation giants. The deal is estimated to be worth around $40bn (£31.7bn) based on listed prices, with a discount likely due to the sheer [...]
Boeing to axe 2,000 finance and HR jobs to ‘simplify corporate structure’ February 7, 2023 Boeing expects to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs. Last month, the Arlington, Virginia-based plane maker announced plans to hire 10,000 workers in 2023 – having hired 15,000 staff the previous year – but said some support positions would be cut. The company confirmed a [...]
Boeing posts positive free cash flow for first time since 2018 as losses go up January 25, 2023 Boeing has posted a positive free cash flow for the first time since 2018 despite higher net losses. The US plane maker today reported a $2.3bn (£1.9bn) free cash flow for the whole of 2022, up from a loss of $4.4bn the previous year. Meanwhile, free cash flow for the three months ended 31 December [...]
Flying the green flag: Ryanair’s £140m Boeing deal will save airline ’65m litres of fuel’ a year January 23, 2023 Ryanair claimed its $175m (£140m) deal with Boeing’s subsidiary and technology company Aviation Partners Boeing will help it make huge cuts to fuel consumption and CO2 emissions. Under the agreement, 400 of the low-cost airline’s aircraft will be retrofitted with APB’s winglets. Also known as wingtip devices, winglets are vertical extensions attached to a plane’s [...]