Boeing shrinks loss in plane business but takes £2.4bn hit from defence unit October 26, 2022 Despite shrinking its losses in the commercial plane business by around 7 per cent to $643m (£556.8m), Boeing was hit by a $2.8bn (£2.4bn) loss from its defence unit. The commercial plane business’ revenue went up to $6.3bn driven by the resumption of 787 and 737 deliveries, as Boeing shipped 112 planes in the three [...]
Boeing says it stopped buying aluminium from Russia September 7, 2022 Boeing stopped buying aluminium from Russia earlier this year as Moscow was hit by Western sanctions following the invasion of Ukraine, the company said late last night. “Boeing suspended purchasing aluminium from Russia in March, as we suspended major operations in Russia,” it said in a statement. Russia is the world’s second largest producer of [...]
BAE backed spacecraft designer Reaction Engines prepares for IPO August 24, 2022 Boeing and Rolls-Royce backed aerospace engineering firm Reaction Engines is preparing to launch a more than £1bn initial public offering (IPO). The Oxfordshire-headquartered spaceplane designer has told shareholders it intends to raise a pre-IPO round of funding, with a view to listing its shares on public markets as soon as 2024, Sky News first reported. [...]
Boeing trims airline market forecasts July 17, 2022 US AIRPLANE maker Boeing has trimmed its projected industrywide demand for airplanes over the next 20 years, but said it expects deliveries to be stable excluding the Russian market. Boeing projects airlines worldwide will need 41,170 new airplanes over 20 years with half of the deliveries for replacement aircraft, and with single-aisle aircraft accounting for [...]
Supply chain issues will last throughout 2023 according to Boeing June 22, 2022 Supply chain issues will last throughout 2023, according to Boeing’s chief executive David Calhoun. The plane manufacturer said woes were exacerbated by a faster-than-expected return of demand. “The shift from demand to now supply issues … is remarkable, the speed with which it happened,” the chief executive said during Bloomberg’s Qatar Economic Forum today. “It’s [...]
Boeing receives additional confidence boost after Norwegian buys 50 737 MAX May 30, 2022 Boeing has received an additional confidence boost after Norwegian Air announced it has placed an order for 50 737 MAX and secured options for a further 30 planes at an undisclosed price. Norwegian called today’s order a “landmark deal” as the carrier will go back to owning a significant chunk of its fleet, which is [...]
Boeing will get back on its feet, says Lufthansa boss May 19, 2022 Boeing will get back on its feet soon, according to Lufthansa’s boss Carsten Spohr. The airline’s boss said it was backing the plane manufacturer despite the turbulent period it was going through. “Boeing as a symbol of America will get back to its feet,” the German executive said during a luncheon in Washington, adding now [...]
British Airways owner IAG buys 50 new 737 aircraft from Boeing May 19, 2022 British Airways owner IAG has struck a deal with Boeing to buy a fleet of 50 new 737 Max planes, which will be delivered between 2023 and 2027. The group said it had agreed to buy 25 of the 737 Max 8200 planes – first ordered by low-cost airline Ryanair – and another 25 of [...]
Ryanair to revert to second-hand market if Boeing doesn’t step up, warns O’Leary May 16, 2022 Ryanair could revert to buying aircraft from the second-hand leasing market if Boeing were not to step up, according to the airline’s boss Michael O’Leary. O’Leary told analysts today the airline was willing to remain with Boeing but said the plane manufacturer’s management needed to “bloody well improve,” as they were “running around like headless [...]
China’s lockdowns exacerbate supply chain issues, says Airbus boss April 28, 2022 China’s recent lockdowns have exacerbated ongoing supply chain issues, according to Airbus’s chief executive Guillaume Faury. “The whole worldwide supply chain is complicated at the moment,” he told journalists today. Faury said that, even though lockdown-induced problems with raw materials continue to increase market pressures, the company will remain committed to raise production of A320 aircraft [...]