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☆ See inside a test Boeing 777X, which has flown more than 1,300 hours as the planemaker races to certify its new $442 million jet by 2025
▼ + stars: | 2023-08-13 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +1 min

Boeing's upcoming 777X will be the world's largest twin-engine aircraft when it enters the market. The company has been conducting test flights for certification thanks to a family of four experimental planes. Insider toured Flight Test 1 at the Paris Airshow in June to learn more about the program. Boeing is building the world's largest two-engine airliner, but it's been a long and difficult road. It showed off its giant 777X testbed at the Paris Air Show in June — take a look.

Persons: it's, — Organizations: Paris Airshow, Boeing, planemaker, Qatar Airways, Emirates, Paris Air Show

☆ Emirates looks at placing new order for long-haul jets
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

ISTANBUL, June 6 (Reuters) - Emirates President Tim Clark said on Tuesday the airline may order more Airbus A350, Boeing 777X or 787 jets as the Dubai-based carrier looks ahead to demand through the 2030s. "We are looking at both more A350s, more 777-9 and possibly the 787 range," Tim Clark told reporters on the sidelines of a global airlines meeting. "All I will say is that we are looking at buying a number of extra aircraft," he said. The Boeing 777X is a planned family of two large twin-engined aircraft including the 400-seat 777-9 and smaller 777-8. Emirates reduced its order for 150 777X to 126 jets as part of a deal that saw the airline order 30 787 Dreamliners in 2019.

Persons: Tim Clark, Clark, Tim Hepher, Dominique Vidalon, Jason Neely Organizations: Emirates, Boeing, Thomson Locations: ISTANBUL, Dubai, Istanbul

"There's still discussion in Portugal how that privatisation will take place and it's not supposed to be 100 percent privatisation," Spohr told journalists at the annual meeting of the International Air Transport Association in Istanbul. At least three major global carriers, Lufthansa, Air France-KLM (AIRF.PA) and British Airways-owner IAG (ICAG.L), have shown an interest. Lufthansa said last month that it was taking a 41% stake in Italian carrier ITA Airways in the latest major consolidation in the aviation sector in Europe. "Boeing are saying it's delivery in late 24 or early 25 - which means it's early '25," Spohr said. Reporting by Joanna Plucinska and Tim Hepher; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Carsten Spohr, Joao Nuno Mendes, it's, Spohr, IAG, Joanna Plucinska, Tim Hepher, Susan Fenton Organizations: TAP, International Air Transport Association, Lufthansa, Air France, KLM, British Airways, ITA Airways, Boeing, Thomson Locations: ISTANBUL, Portugal, Istanbul, Europe

PARIS/WASHINGTON, May 29 (Reuters) - Cathay Pacific Airways Ltd (0293.HK) is close to placing an order worth around $2 billion for Boeing (BA.N) 777-8F freighters as the Hong Kong carrier embarks on the partial renewal of a fleet of dedicated 747 cargo jets, industry sources said on Monday. Industry sources have said the competition involved an initial purchase of around half a dozen aircraft, worth some $2 billion at list prices before traditional airline discounts. Boeing launched the 777-8F freighter with an order from Qatar Airways in January 2022, six months after Airbus launched development of the A350 Freighter in a bid to weaken its U.S. rival's traditional grip on the market for freighters. Cathay Pacific told analysts last November it was looking at more freighter capacity and working "actively" with planemakers to acquire some of the new freighters coming up after 2025. Cathay Pacific is the world's fifth-largest air freight carrier and the third-largest traditional freight airline behind Qatar Airways and Emirates when specialist express parcel carriers FedEx and UPS are excluded, according to latest available data from the International Air Transport Association.

☆ Premarket stocks: The job market is making traders' heads explode
▼ + stars: | 2023-02-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street’s expectations. “It’s tough to say that… Some of those people making those layoffs are our clients.”Alaska Air Group noted a smaller number of tech workers and tech companies using their airline. In San Francisco, apartment rents have fallen and tech layoffs have further weakened the housing market. Manufacturing layoffs: While tech layoffs may not be a leading recession indicator, a decrease in manufacturing hiring could be an ominous sign of things to come. What’s next: Investors looking for clarity on a confusing labor market are unlikely to find it in the frequently revised, high-frequency weekly jobless claims data on Thursday.

☆ Biden to announce $34 billion Boeing and Air India deal
▼ + stars: | 2023-02-14 | by ( Nikki Carvajal | ) edition.cnn.com time to read: +3 min

CNN —Air India will purchase more than 200 planes from Boeing, a White House official says President Joe Biden will announce Tuesday. The agreement will include 190 Boeing 737 MAXs, 20 Boeing 787s, and 10 Boeing 777Xs – a total of 220 firm orders valued at a list price of $34 billion, the official says. The purchase will also include customer options for an additional 50 Boeing 737 MAXs and 20 Boeing 787s, totaling 290 airplanes for a total of $45.9 billion at list price. The company has not announced any sales to a Chinese passenger airline since November 2017, and the country banned the Boeing 737 Max for much longer than most countries. A Boeing 737 Max finally took off in China in January for the first time since 2019.

☆ Tata's Air India to seal half of jumbo plane order - sources
▼ + stars: | 2023-01-26 | by ( Aditi Shah | ) www.reuters.com time to read: +4 min

Air India did not respond to a request for comment. Reuters reported last month Air India was closing in on a deal for about 500 jets. The aim is to corner 30% of the domestic air travel market over the next five years thus narrowing the gap with market leader IndiGo. Tata's four airlines, including two budget carriers, Air India and Vistara its joint venture with Singapore Airlines (SIAL.SI), have a combined market share of 24%. Analysts have said Air India has the ability to claw back some passengers from rival Gulf carriers but not before it matches their quality of fleet and service.

The company reiterated it expects to generate $3 billion to $5 billion in free cash flow in 2023. Boeing generated $3.1 billion in free cash flow in the final quarter of 2022. Boeing reported $2.3 billion for all of 2022. Boeing reported fourth-quarter revenue of $20 billion, up from $14.79 billion in the same quarter in 2022, and a loss per share of $1.75. Earlier this month, Boeing reported a sharp jump in airplane orders and deliveries in 2022.

☆ European regulator sees progress in talks on Boeing 777X
▼ + stars: | 2023-01-24 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

[1/2] The Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra/File PhotoJan 24 (Reuters) - Europe's chief aviation regulator pointed on Tuesday to a narrowing gap in talks with Boeing (BA.N) over cockpit design requirements for the future 777X airliner. "We are hopefully converging," Patrick Ky, executive director of the European Union Aviation Safety Agency (EASA) told Reuters, when asked about the progress of ongoing discussions on the 777X. Ky's remarks come shortly after industry sources said EASA held talks earlier this month with Boeing and the FAA to review certification expectations for the delayed jet. U.S. executives argue the 777 jet, which is being upgraded to create the 400-seat 777X, is one of the industry's safest.

[1/2] An aerial view of a Boeing 777X airplane (top) parked next to Boeing 737 MAX 10 airplanes at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. Boeing has seen 737 MAX customer demand recover briskly after two crashes and the COVID-19 pandemic battered the airline industry. However, analysts warn Boeing still faces major risk to increasing aircraft production, as supply chain recovery and additional regulatory requirements could delay schedules. Investors will also be looking for Boeing to shed light on why it is taking so long to deliver MAX planes sitting in storage. Boeing aims to gradually grow production of the 787 to five a month, but slowed production after a December parts delay, Reuters previously reported.

[1/2] The logo of Airbus is picuted at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane MaheDELHI/PARIS, Jan 20 (Reuters) - European planemaker Airbus (AIR.PA) is set to win an order for 235 single-aisle planes as part of a historic purchase of some 495 jets due to be announced by a resurgent Air India on Jan. 27, industry sources told Reuters. Air India and Boeing did not immediately respond to requests for comment. Reuters reported last month that Air India was close to placing orders for around 500 jets from both Airbus and Boeing after months of intense talks on the core plane order. Air India, with its maharajah mascot, was once known for its lavishly decorated planes and stellar service but its reputation declined in the mid-2000s as financial troubles mounted.

☆ Boeing’s Delays Could Give Airbus’s A380 an Active Retirement
▼ + stars: | 2023-01-03 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

The Airbus A380, the white elephant of the skies, could be getting a new lease on life. Among its merits: Unlike the Boeing 777X, it already exists. One of the best-performing stocks in London in 2022, having more than doubled, is a tiny company that owned a single asset: one of the Airbus A380s in the Emirates Airline fleet. Most of the gains came in July, when the Dubai-based carrier agreed to buy the plane for about £25 million, equivalent to about $30 million, once its lease expired. The deal, which closed the week before Christmas, massively improved the expected liquidation value of the investment company, called Doric Nimrod Air One (ticker: DNA).

LONDON/NEW DELHI, Dec 16 (Reuters) - Air India is close to a deal to order more than 200 Boeing (BA.N) jets including 190 narrowbody 737 MAX and 30 widebody 787s - part of an historic fleet shake-up roughly split with Boeing's European rival Airbus, industry sources said on Friday. The deal is also expected to include an unspecified number of Boeing 777X long-range jets, they added. Airbus (AIR.PA) is separately moving towards a deal with Air India including at least 200 of its A320-family narrowbody jets as well as dozens of larger A350s, industry sources said. Industry sources said Airbus is expected to win a slightly larger share of the huge fleet replacement and expansion. Bloomberg reported on Friday that Boeing was closing in on an order for as many as 200 of its 737 MAX jets.

☆ Analysis: Airbus widens A350 cabin in mile-high real estate war
▼ + stars: | 2022-10-27 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

The latest salvo concerns some of the world's prime real estate - the cabin of a big jet where comfort meets cost. Airbus said in a blog it was introducing a New Production Standard (NPS) to make A350s lighter and more flexible. Changes include scraping four inches off interior walls and making the cabin longer by moving a bulkhead and squeezing the cockpit. Currently most A350 economy cabins have nine 18-inch wide seats per row. Airlines opting to add an extra seat per row to fly 10 abreast will have 17-inch wide seats.

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