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Darren Hulst - 2 Peter Cziborra - 1 planemaker - 1 Brenda Goh - 1 Jacqueline Wong - 1 Jamie Freed - 1 Hulst - 1 we'll - 1
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3 mentions found


☆ Boeing slightly raises China 20-year demand outlook to 8,560 new planes
  + stars: | 2023-09-20 | by ( Brenda Goh | Thomson Reuters | Brenda Goh Is Reuters | ) www.reuters.com   time to read: +2 min
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 Acquire Licensing RightsSHANGHAI, Sept 20 (Reuters) - Boeing (BA.N) on Wednesday slightly increased its annual 20-year forecast for new plane deliveries to China, citing economic growth and increasing demand for domestic travel. The U.S. planemaker said Chinese airlines would need 8,560 new commercial planes through 2042, up from 8,485 in its previous forecast last year. "As China's economy and traffic continue to grow, Boeing’s complete line-up of commercial jets will play a key role in helping meet that growth sustainably and economically." Boeing has about 85 MAX jets in inventory for Chinese customers and 55 MAXs originally slated for Chinese airlines have been remarketed, the company said in July.
Persons: Peter Cziborra, planemaker, Darren Hulst, Brenda Goh, Jacqueline Wong, Jamie Freed Organizations: Boeing, Farnborough, REUTERS, Rights, Reuters, U.S, Thomson Locations: Farnborough, Britain, China, U.S
☆ Boeing boosts 20 year outlook for planes due to narrowbody demand
  + stars: | 2023-06-17 | by ( Valerie Insinna | ) www.reuters.com   time to read: +2 min
PARIS, June 18 (Reuters) - U.S. planemaker Boeing (BA.N) slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers. Boeing expects airlines will need to buy 42,595 jets from now until 2042, up from 41,170 planes in its previous 20-year forecast last year. Boeing expects that narrowbody jets like its 737 MAX or the A320neo family made by European rival Airbus (AIR.PA) will dominate aircraft deliveries, with 32,420 single-aisle jets delivered through 2042. Deliveries from now until 2042 are also expected to include 7,440 widebody planes, 1,810 regional jets and 925 freighters. The company also raised its industrywide passenger traffic forecast growth rate slightly from 3.8% to 4%.
Persons: Darren Hulst, Hulst, we'll, it's, Valerie Insinna, Jonathan Oatis Organizations: planemaker Boeing, Boeing, Paris, Airbus, Thomson Locations: Boeing's, China, Asia
☆ Boeing, Airbus hit back over criticism of delivery delays
  + stars: | 2023-01-17 | by ( Padraic Halpin | ) www.reuters.com   time to read: +2 min
[1/3] A woman walks past a Boeing logo at the China International Aviation and Aerospace Exhibition, or Airshow China, in Zhuhai, Guangdong province, China September 28, 2021. REUTERS/Aly SongDUBLIN, Jan 17 (Reuters) - The world's two largest planemakers defended themselves on Tuesday following criticism over delivery delays, with a Boeing (BA.N) executive saying increasing production after COVID-19 lockdowns was "not as easy as an on/off switch." Aircraft leasing firms have used a major industry conference to hammer manufacturers over delays. Air Lease (AL.N) executive chairman Steven Udvar-Hazy said they had "grossly misjudged" output, while one of Airbus' largest customers, AerCap (AER.N), called the European firm's production targets "very ambitious". To help remove the bottlenecks, Airbus has placed over 100 procurement specialists into its indirect suppliers to help them achieve the rates in the supply chain that the jetmaker requires to ramp up production, Pearman-Wright added.
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