Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Dreamliner"


25 mentions found


Boeing announced a new addition to its fleet of ecoDemonstrator aircraft on Thursday — a Boeing 787-10 Dreamliner. While not every experimental technology makes it onto a future Boeing jet, about a third actually have. 2014: Boeing 787Boeing 787 ecoDemonstrator. BoeingIn 2014, the planemaker debuted its second ecoDemonstrator — a Boeing 787 Dreamliner. The 787 ecoDemonstrator tested 35 projects, including a collaboration with Delta Air Lines to generate real-time turbulence reports.
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. American Airlines posted a $10 million profit in the first quarter as it ramped up flying and a jump in revenue outpaced higher costs. Excluding charges associated with debt refinancing, American earned an adjusted 5 cents per share during the first quarter, in line with analysts' expectations. For the second quarter of the year, American forecast adjusted per-share earnings of $1.20 to $1.40, at the high-end of analysts' expectations. American CEO Robert Isom said late aircraft deliveries from manufacturers are hindering the carrier's growth.
Boeing shares rose 2.5% in early afternoon trade after the company reaffirmed its plans to generate $3 billion to $5 billion in free cash flow this year, as well as deliver 400 to 450 737 MAXs and 70 to 80 787 Dreamliners. Deliveries will increase to about 40 MAXs a month during the back half of the year, he said. Reuters reported earlier this month that Boeing's schedule called for suppliers to produce 38 737 MAXs a month from June. Reuters GraphicsBoeing's first-quarter cash burn slowed to $786 million from $3.57 billion a year earlier on higher jet deliveries. Reporting by Abhijith Ganapavaram in Bengaluru and Valerie Insinna in Washington; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
April 26 (Reuters) - Boeing Co (BA.N) said on Wednesday that it planned to ramp up production of its 737 MAX jets to 38 per month by year-end, while backing its annual cash-flow goal, offering some relief to investors after a new manufacturing snafu threatened to derail deliveries. Reuters reported earlier this month that Boeing's schedule called for suppliers to ramp up to 38 737 MAXs a month in June. Overall, Boeing reaffirmed plans to generate $3 billion to $5 billion in free cash flow this year, as well as deliver 400 to 450 737 MAXs and 70 to 80 787 Dreamliners. Boeing reported an adjusted loss per share of $1.27, wider than analyst expectations of a loss of $1.07 per share, per Refinitiv data. Boeing executives are expected to detail the scope of the problem on an investor call later in the day.
Mexico Presidency/Handout via REUTERSMEXICO CITY, April 20 (Reuters) - Mexico's presidential jet has been sold to the Tajikistan government, President Andres Manuel Lopez Obrador said on Thursday, marking a possible end to a long-running political saga that the Mexican leader used to assail past excesses. The populist leftist who has for years railed against corruption of political elites, had previously said he hoped to sell the aircraft for at least $150 million. Shortly after he took office in late 2018, he announced plans to sell the jet, which featured marble touches and official government seals emblazoned on the walls along with multiple flat-screen monitors. "They will be built by military engineers and will be inaugurated before my term ends," he added. ($1 = 17.9941 Mexican pesos)Reporting by Isabel Woodford and David Alire Garcia; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
United plans to operate 66 flights per week connecting the US and the South Pacific region this winter. That's a 40% increase in United flights to Australia and New Zealand compared to 2022. United Airlines is planning to ramp up its flights connecting the US to Australia and New Zealand by nearly 40%, the carrier announced Tuesday. Additionally, United plans to start offering daily flights between San Francisco and Brisbane, and twice daily flights between San Francisco and Sydney, starting October 28. United currently connects San Francisco to Brisbane three times per week, and San Francisco to Sydney daily.
United Airlines is planning to grow its service to Australia and New Zealand later this year, the carrier's latest bet that travelers will continue to book international trips. United is also building up service from both San Francisco and Los Angeles to Brisbane, Australia, and it is using its largest plane to fly between San Francisco and Melbourne, Australia. Airline executives have been upbeat about international travel demand and have been expanding their schedules to cater to the rebound. "On international, we are excited with the momentum we're seeing and expect record revenues and profitability for the summer travel season," Delta's president, Glen Hauenstein, said Thursday on an earnings call. United Airlines is scheduled to report first-quarter results after the market closes Tuesday and will provide another demand forecast ahead of the peak summer travel season.
These include the MAX 7, MAX 8, and the MAX 8200, which is a high-capacity version of the MAX 8 variant. American has 42 MAX planes in its fleet and 88 on order. The carrier has 137 MAX planes in its fleet with firm orders for 417, plus another 147 as options. Though Boeing and its partners are still assessing the impact of the most recent delivery stoppage, delivery delays have become a serious trend for the planemaker. And, Boeing said despite its recent 787 delivery pause, it didn't "anticipate a change to our production and delivery outlook for the year."
An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. The problem is related to two of several brackets in the aft fuselage of some 737 Max planes, including the most popular model, the Max 8. Boeing has a backlog of 4,196 Max planes, according to a tally on its website. "Boeing contacted us regarding an issue with a supplier's manufacturing process that will affect the delivery of Boeing 737 MAX planes to Southwest," the company said in a statement Thursday. A worldwide grounding and production pause of the 737 Max followed two fatal crashes of the Max.
April 14 (Reuters) - Boeing Co's (BA.N) shares fell 4.5% in premarket trading on Friday after the U.S. planemaker halted deliveries of some 737 MAXs due to a new supplier quality problem by Spirit AeroSystems (SPR.N). Spirit, which manufactures fuselage, thrust reversers, engine pylons and wing components for the 737 MAX airplanes, slumped more than 11.7%. The latest quality issue pertains to aft fuselage fittings supplied by Spirit and is believed to date back to 2019, Boeing disclosed on Thursday. "We see more negative financial exposure to this news at Spirit than at Boeing," said J.P. Morgan analyst Seth Seifman. Boeing warned that the issue will likely affect a "significant" number of undelivered 737 MAX airplanes both in production and in storage, and could result in lowered 737 MAX deliveries in the near term.
WASHINGTON, April 11 (Reuters) - Boeing (BA.N) on Tuesday announced 130 airplane deliveries over the first quarter of 2023, inching past rival Airbus (AIR.PA), which delivered 127 jets. The U.S. planemaker delivered 64 aircraft in March, 36% more than the 41 jets transferred to customers in the same month last year. The 737 MAX made up 52 of that sum, with United Airlines and Southwest Airlines each taking ownership of 12 MAX jets. Boeing is on track to meet its 737 MAX delivery target, having delivered 113 jets so far this year. But with only 11 787s delivered so far, the company will have to pick up the pace to meet that goal.
NORTH CHARLESTON, S.C.— Nikki Haley frequently questions the use of public money to help corporations as she campaigns for the Republican presidential nomination, but her tone was significantly different when it came to interests in South Carolina. As a state legislator and candidate for governor, Ms. Haley supported a 2009 economic development package for Boeing Co. valued at as much as $900 million that helped land the company’s 787 Dreamliner production facility in this city. A few years later, as governor, she signed into law an additional $120 million for the aerospace company as part of an expansion. It isn’t unusual for conservative politicians, whether governors trying to lure companies to their states or members of Congress looking to secure funding for special projects back home, to confront tensions between their support for limited government and parochial interests. Still, as voters examine the emerging GOP field, Ms. Haley’s record on Boeing has led some to portray the former governor and United Nations ambassador as someone prone to reversals and tied to the corporate establishment.
This is not the first time Boeing has had to stop 787 deliveries. Despite the latest pause, Boeing said it didn't "anticipate a change to our production and delivery outlook for the year." Henry Harteveldt, travel analyst and president of Atmosphere Research Group, told Insider the Boeing 787 is favorable due to its fuel efficiency, versatility, and passenger comfort. Boeing told Insider it will "continue to produce at a slow rate as we increase back to five per month." "In the case of the 787, you've got components coming in from many countries around the world," he told Insider.
Kazakh airline says business is booming as Russia loses traffic
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: +2 min
ALMATY, March 29 (Reuters) - Kazakhstan's flagship airline, Air Astana, is speeding up its expansion plans to take advantage of a drop in air traffic via Russia and the reopening of China, chief executive Peter Foster told Reuters. Many global airlines stopped flights to Russia after it invaded Ukraine last year. The company plans to grow its fleet to 50 aircraft by the end of this year from the current 44 aircraft, Foster said, and is accelerating expansion plans for the coming years. "We see very big opportunities in China, as China has opened again, following COVID, India is doing well.., Pakistan is a growth market." "And that's been resolved, we have no problem with accessing spare parts,"Kazakhstan's sovereign wealth fund, which owns a 51% stake in Air Astana, plans to list the company publicly next year.
American Airlines said it was cutting flights now to ensure it could help customers arrange different travel plans. Boeing Co.’s delays in delivering 787 Dreamliners are again rippling into American Airlines Group Inc.’s flying schedule. The Fort Worth, Texas-based carrier said Friday it would suspend its Philadelphia-Madrid route for a few weeks in May and early June, citing delivery delays for the jets. American said it was cutting the flights now to ensure it could help customers arrange different travel plans.
REUTERS/Kamil KrzaczynskiMarch 24 (Reuters) - American Airlines Group (AAL.O) said on Friday it would suspend its Philadelphia-Madrid route for a few weeks in May and early June due to a delay in deliveries of Boeing Co's (BA.N) 787 Dreamliners. Boeing delivered a 787 to American earlier this month and the airline is slated to get three more this year. "We continue to work with our customers, including American Airlines, on delivery timing and deeply regret the impact to their operations. American Airlines said it was making schedule adjustments to re-accommodate passengers on affected flights. "We remain committed to our customers and team members and mitigating the impact of the 787 delivery delays while continuing to offer a robust international network this summer," American Airlines said in a statement.
Japan Airlines and Boeing reach deal for 21 737 MAX jets
  + stars: | 2023-03-23 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Issei KatoMarch 23 (Reuters) - Japan Airlines (9201.T) has placed its first-ever order for the Boeing 737 MAX, announcing a plan on Thursday to buy 21 jets to replenish its narrowbody fleet. The JAL order ensures a foothold for the MAX with Japan's flagship carrier as Boeing strives to undermine Airbus's lead in the narrowbody market. "One problem that has hobbled the (737 MAX) program is that despite good orders, there haven't been as many high profile users. ANA and Boeing concluded the MAX deal in July. The Boeing 737-800 currently makes up the largest portion of JAL's narrowbody fleet, with the carrier owning 47 jets and leasing another 17 737s, according to JAL.
Boeing wins Japan Airlines order for 21 MAX jets -sources
  + stars: | 2023-03-22 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON/TOKYO, March 22 (Reuters) - Boeing Co (BA.N) has secured a deal worth at least $2.5 billion at list prices to sell 21 of its 737 MAX jets to Japan Airlines Co (JAL) (9201.T), industry sources said. The deal will be announced on Thursday, they added, after talks to renew the narrow-body fleet emerged earlier this month. The deal is slated to be the first order for the 737 MAX placed by JAL, which predominantly owns Boeing aircraft and has operated the 737-800 as its main narrowbody plane. It follows an order from All Nippon Airways for 20 MAX jets that was finalized in July after a two year delay following the 737 MAX safety crisis. With Airbus single-aisle A320s in use by ANA's Peach unit and JAL's Jetstar Japan, Boeing strove to ensure that the MAX secured a foothold in the mainline fleet of Japan's national carrier.
WASHINGTON, March 16 (Reuters) - Boeing (BA.N) confirmed on Thursday it delivered a 787 Dreamliner to German airline Lufthansa (LHAG.DE), its first since deliveries were halted in late February after it disclosed a data issue with a component. The Federal Aviation Administration confirmed last month that Boeing had paused deliveries due to the data analysis error related to the jet’s forward pressure bulkhead, which the company found after reviewing certification records. The FAA said Friday it was satisfied the issue has been resolved and approved Boeing to resume delivering 787s. Boeing is expected to deliver another 787 to American Airlines (AAL.O) shortly, sources said. Between the Saudi deal and separate orders from United Airlines and Air India, Boeing has received orders for almost 200 Dreamliners over the past four months.
On Tuesday, Boeing announced orders for 78 Dreamliners, split between state-owned Saudi Arabian Airlines (Saudia) and new national airline Riyadh Air. The $37 billion sale, which Boeing called its fifth-largest commercial order by value, followed a deal with United Airlines (UAL.O) in December for 100 Dreamliners and a purchase by Air India that included 20 787s. Planemakers are also grappling with the after-effects of the pandemic, which forced waves of layoffs and retirements of skilled workers. While Airbus outsold Boeing in the Air India deal, landing orders for 40 A350 widebodys, the U.S. planemaker swept both the United Airlines and Saudi orders. “Saudi Airlines is a government-owned airline, and so there are politics involved with this,” analyst Stallard said.
Boeing sells 78 Dreamliner planes to two Saudi airlines
  + stars: | 2023-03-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing sells 78 Dreamliner planes to two Saudi airlinesBoeing sells 78 Dreamliner planes to Saudi airlines Saudia and newly established Riyadh Air. CNBC's Dan Murphy and Hadley Gamble discuss what that means for Saudi Arabia.
[1/2] The Boeing 787 Dreamliner airplane is seen in Long Beach, California March 14, 2012. REUTERS/Lucy NicholsonMarch 14 (Reuters) - Two Saudi Arabian airlines announced plans on Tuesday to order 78 Boeing 787 Dreamliners, a big win for Boeing (BA.N) that marks the fifth largest commercial order by value in its history. State-owned Saudi Arabian Airlines (Saudia) and new national airline Riyadh Air will each buy 39 widebody 787s from the U.S.-based planemaker. The deal contains options for 10 additional Dreamliners for Saudia and 33 for Riyadh Air. Calhoun said the planemaker was standing by its 787 production guidance announced in November "and we're confident we can do it."
Boeing Dreamliner Deal Aimed at Boosting Saudi Travel
  + stars: | 2023-03-14 | by ( Andrew Tangel | ) www.wsj.com   time to read: 1 min
Two Saudi Arabian airlines said they would buy almost 80 Boeing Co. 787 Dreamliners, part of a broader plan to boost travel to the oil-rich kingdom. U.S. administration officials said the deal announced Tuesday was worth a combined $37 billion and included options to take the sale up to 121 aircraft. The jets would be powered by U.S.-made General Electric Co. engines.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing and Riyadh Air CEOs break down megadeal for Dreamliner planesBoeing CEO David Calhoun and Riyadh Air CEO Tony Douglas join CNBC’s “Squawk on the Street” to discuss the massive deal for Boeing to sell 78 Dreamliner planes to two Saudi airlines.
Boeing sells 78 Dreamliner planes to Saudi airlines
  + stars: | 2023-03-14 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +1 min
Boeing said Tuesday that it has reached a deal to sell 78 of its 787 Dreamliner planes to two Saudi Arabian airlines, the latest large order for the wide-body jets in the past few months. The jetliners will go to Saudi Arabian Airlines, or Saudia, and a new airline, called Riyadh Air, which Crown Prince Mohammad bin Salman announced over the weekend. "This will support the country's goal of serving 330 million passengers and attracting 100 million visits by 2030," Riyadh Air said in a news release. In December, United Airlines agreed to buy at least 100 Dreamliners from Boeing and last month, Air India placed an order for 460 Boeing and Airbus planes. Boeing is set to resume deliveries of the Dreamliner planes this week after a weekslong pause resulting from a data analysis issue it disclosed last month.
Total: 25