Boeing will get back on its feet, says Lufthansa boss BOEING 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 Airlines 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 Ryanair v Boeing 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 [...]
Sunday Spotlight: Airbus is winning the battle for the skies from beleaguered Boeing April 10, 2022 The recent challenges around safety concerns and the impact of the coronavirus pandemic have resulted in American aircraft manufacturer Boeing losing ground to Airbus. Although both companies control a significant market share, Toulouse-based Airbus has extended its dominance over the last five years. According to data compiled and calculated by Finbold, shared with City A.M. this [...]
Boeing’s shares fall following China Eastern Airlines’ crash March 21, 2022 Boeing’s shares fell 4.60 per cent today, opening at $184.40 after a 737 operated by China Eastern Airlines crashed in the country. Compared to Friday’s closure, the company’s stocks went down 8 per cent in pre-market trading but recovered slightly after the bell. Authorities said the crash’s cause was still under investigation, but the plane [...]
Ethiopian Airlines fly A737 MAX for first time since 2019 crash February 1, 2022 Ethiopian Airlines flew today a Boeing A737 MAX for the first time since the March 2019 crash, when 157 people died a few minutes after taking off from Addis Ababa. The demonstration flight took off from the Ethiopian capital and travelled around Mount Kilimanjaro, carrying journalists, diplomats and officials aboard, Reuters reported. While the victims’ [...]
Boeing posts $4bn loss as Dreamliner delays weigh on aircraft maker January 26, 2022 Boeing has posted an eyewatering $4.2bn loss in its latest quarter, as delays of its 787-carrier weight on the aircraft maker. The company took a $3.5bn charge in the final three months of last year because of problems in addressing flaws in its 787 Dreamliner jet to meet the Federal Aviation Administration’s satisfaction.The Dreamliner costs [...]
Boeing snatches Airbus crown on adjusted order basis January 11, 2022 US plane manufacturer Boeing has snatched Airbus’s crown as the world’s largest aircraft maker on an adjusted order basis. While the European plane maker remains the world’s largest manufacturer for the number of planes delivered, the Seattle-based company ended the year with 535 net orders while Airbus’s total amounted to 507. Boeing’s deliveries – which [...]
Airbus and Boeing call on Biden to delay 5G roll out December 21, 2021 Airbus and Boeing executives have called on the Biden administration to delay the roll-out of 5G services, citing safety concerns for the aviation industry. In a letter to the White House, Boeing’s boss Dave Calhoun alongside Airbus Americas’ chief executive Jeffrey Knittel said “5G interference could adversely affect the ability of aircraft to safely operate,” [...]