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Boeing Co. said Thursday it took 58 new orders for commercial planes in the week that ended March 9, but reduced the number of 787 orders by eight.
The company on its website said it took orders for four 767s from the U.S. Air Force. Cathay Pacific Airways Ltd ordered 10 777s. American International Group’s International Lease Finance Corp ordered 33 737s. Get the full story »
International Lease Finance Corp, the world’s biggest plane leasing company, said it will order 100 narrowbody planes from EADS unit Airbus and 33 narrowbodies from Boeing Co., and scrap an order for 10 Airbus A380 super jumbo aircraft.
The orders from the aircraft leasing unit of insurer American International Group Inc. are potentially worth $11.2 billion at average list prices. The canceled A380 order, which had been in jeopardy for some time, was potentially worth $3.75 billion. Get the full story »
With fuel costs soaring, the parent company of United Airlines said Monday that it is curtailing growth plans for 2011 and cutting its domestic flying more deeply than it had planned.
United Continental Holdings Inc. said that its system-wide capacity would remain flat for the year, and that it would curb capacity by offering fewer flights on some routes, exiting less-profitable routes and postponing the start of some new flights, such as planned service from Newark, N.J., to Cairo slated to launch this spring. Get the full story »
A Boeing 787 Dreamliner being manufactured for All Nippon Airways, Feb. 14, 2011. (Reuters/Anthony Bolante)
Boeing Co. said on Monday it began incorporating required changes to its long-delayed 787 Dreamliner to move the program toward certification this year by aviation authorities.
The work, to be done in San Antonio, Texas, includes installing electronic and mechanical equipment, software upgrades and testing systems.
A Boeing spokesman said the “change incorporation” step is required for all new airplane programs. He said the company expects the plane to be certified this year. Get the full story »
Boeing Co. said Monday that it has begun incorporating required changes to its long-delayed 787 Dreamliner to move the program toward certification this year by aviation authorities.
The work, to be done in San Antonio, includes installing electronic and mechanical equipment, software upgrades and testing systems. Get the full story »
One of the longest and strangest contests in Pentagon history ended Friday when EADS said it would not contest the $30 billion contract Boeing Co. won last month to supply the Pentagon with aerial tankers.
Chicago-based Boeing won in a price shoot-out, underbidding the European defense contractor by $2 billion, EADS North America Chairman Ralph Crosby said Friday. Now comes the hard part: developing and building the aerial gas stations on a fixed-price contract with little leeway for cost overruns, analysts said. Get the full story »
HNA Group, China’s fourth-largest airline group and parent of Hainan Airlines Co., said it will sign aircraft purchase orders on Tuesday with leading aircraft manufacturers, including Chicago-based Boeing Co. and Airbus.
HNA was planning to sign an aircraft purchase agreement and a memorandum of understanding with leading aircraft makers, also including Dassault Aviation SA and Gulfstream Aerospace at the event, it said in a media invitation for the signing ceremony.
There has been speculation that the HNA orders could include Airbus’ A380s as the Chinese government is calling for the purchase of more wide body planes to help ease air traffic congestion. Get the full story »
An Airbus A330 Multi Role Tanker Transport is shown while refueling two probe-equipped F/A-18 fighter aircraft in this handout photograph from November 2009. (Reuters/EADS North America/Handout)
Airbus parent EADS is nearing a decision not to protest the loss of a $30 billion U.S. refueling plane contract to Boeing, sources familiar with the matter said on Thursday.
The European company could announce as early as Friday a decision that will end a bitter decade-long procurement drama described on Wednesday by the top Air Force general as “ugly.”
“Most likely there will be no appeal,” said one source familiar with internal discussions at EADS, who was not authorized to speak publicly. Get the full story »
Bombardier Inc said on Wednesday it will sell as many as 120 aircraft to Warren Buffett’s NetJets Inc, a deal that could be worth more than $6.7 billion and which sent its shares soaring 8.3 percent.
The deal includes a firm order of 50 jets with a list price of $2.8 billion and options to purchase a further 70. It is biggest sale of business aircraft sale for Bombardier, the world’s No. 3 civil aircraft maker after Airbus and Boeing. Get the full story »
The U.S. Air Force on Tuesday adamantly denied suggestions by union officials that the White House influenced the selection of Boeing Co. to build 179 aerial refueling planes for up to $30 billion.
“There was absolutely nothing inside the competition,” Air Force acquisition chief David Van Buren told reporters after a Credit Suisse conference. Get the full story »
Five months after United Airlines and Continental Airlines sealed their legal merger, the combined company said it will introduce an “interim” advertising campaign this week and begin changing the United Web site to comport with the new look, which melds the United name with the well-known globe that Continental used. Get the full story »
The head of Southwest Airlines Co. said Friday that successive fare increases brought on as the industry battles with soaring jet-fuel costs isn’t cutting into demand.
Gary Kelly, chairman and chief executive of Dallas-based Southwest, said he didn’t see signs of “demand destruction” and has no plans to cut capacity at this point. Get the full story »
Shares of Boeing gained 4 percent in premarket trade on Friday after the company won a $30 billion contract for 179 new U.S. Air Force refueling planes a day earlier.
The win for Boeing came as a surprise to many industry watchers who expected rival EADS to win the contract. Get the full story »
The Boeing 767-based NewGen Tanker is pictured simultaneously refueling two F/A-18 Super Hornet aircraft from the wing air refueling pods in this undated photo illustration, obtained on Feb. 24, 2011. (Reuters/Boeing/Handout)
The U.S. Air Force on Thursday awarded Boeing Co. a contract worth more than $30 billion to build airborne tankers, potentially ending a decade-long contracting saga that is one of the longest and strangest in Pentagon history.
The announcement was an upset win for Chicago-based Boeing, and quickly drew an allegation that Defense Department officials had been swayed by “Chicago politics” from Sen. Richard Shelby (R-Ala.), a leading Congressional supporter of rival bidder EADS. Get the full story »
Boeing Co. said Thursday it is making headway toward certification of its long-delayed 787 Dreamliner, with nearly 80 percent of the conditions met for the first model featuring Rolls-Royce engines. Get the full story »
