March 9 at 9:32 a.m.
Filed under:
Airlines
By Reuters
U.S. Vice President Joe Biden smiles during the signing of a contract between Boeing and Aeroflot, March 9, 2011. (Alexander Nemenov/AFP/Getty Images)
Russian flagship airline Aeroflot said on Wednesday it had signed a firm order to buy eight Boeing 777s, in line with earlier plans, partly to boost its fleet ahead of the Winter Olympics in 2014.
The eight planes — six Boeing 777-300s and two Boeing 777-200s — have a ticket value of $2.17 billion according to Reuters data, although an industry source told Reuters the carrier had received a discount and would pay around $1.6 billion. Get the full story »
March 8 at 5:34 p.m.
Filed under:
Airplanes,
Updated
By Reuters
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 »
March 7 at 5:09 p.m.
Filed under:
Airplanes
By Reuters
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 »
March 7 at 12:38 p.m.
Filed under:
Airplanes,
Government
By Reuters
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 »
March 4 at 4:52 p.m.
Filed under:
Airplanes,
Defense,
Government
By Julie Johnsson
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 »
March 4 at 5:45 a.m.
Filed under:
Airlines,
Airplanes,
China,
International
By Reuters
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 »
March 3 at 9:34 a.m.
Filed under:
Airplanes,
Stock activity
By Reuters
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 »
March 3 at 7:03 a.m.
Filed under:
Manufacturing
From the Springfield News-Leader | The Solo Cup Co. plant in Springfield, Mo. shut down its manufacturing Wednesday after nearly 60 years of operations. Lake Forest-based Solo announced plans to close the plant in June 2010. The shutdown puts about 340 people out of work. | Get the full story>>
March 2 at 10:03 a.m.
Filed under:
Airplanes
By Reuters
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 »
March 1 at 3:24 p.m.
Filed under:
Airplanes
By Reuters
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 »
Feb. 25 at 12:37 p.m.
Filed under:
Airlines,
Airplanes,
Energy,
Transportation,
Travel
By Dow Jones Newswires
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 »
Feb. 25 at 9:58 a.m.
Filed under:
Airplanes,
Stock activity,
Updated
By Reuters
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 »
Feb. 25 at 8:21 a.m.
Filed under:
Airplanes,
Defense,
Updated
By Julie Johnsson
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 »
Feb. 25 at 7:51 a.m.
Filed under:
Airplanes
By Reuters
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 »
Feb. 24 at 11:09 a.m.
Filed under:
Airplanes,
Defense
By Reuters
The U.S. Air Force prepared on Thursday to announce the winner of an epic $35 billion procurement battle between Boeing and Airbus over 179 aerial refueling planes, its third attempt to start replacing a fleet of planes built before humans first landed on the moon.
Less than a dozen top Air Force and Pentagon officials know the outcome of a price shootout that saw both companies submit very aggressive offers, but which analysts increasingly expect Airbus parent EADS to win. Get the full story »
