AA launches third daily Quito flight
On June 3, flight AA 946 departed from Quito International Airport headed to Miami, becoming American Airline’s third daily frequency from Ecuador’s capital city airport to the United States. This third daily American Airlines flight represents a growth of 48.1% in seats compared to 2019, making visible the gradual, yet sustained recovery of air traffic […]
Boeing statement regarding 737 MAX production
– Boeing suspends 737 MAX production starting in January due to certification moving into 2020 – Reduced production output enables prioritisation of stored aircraft delivery – No layoffs or furlough expected at this time Safely returning the 737 MAX to service is our top priority. We know that the process of approving the 737 MAX’s […]
Boeing profits wiped out as 737 MAXs grounded
Boeing has been pushed into second quarter and first half losses due to the cost of grounding the global 737 MAX fleet. In the second quarter, losses amounted to $2.9 billion compared to a $2.2 billion profit in the same period of 2018. First half losses totalled $793 million compared to a $4.6 billion in […]
Grounding the 737 MAX to cost Boeing $5 billion
Grounding the 737 MAX is likely to cost Boeing $5 billion, the aircraft giant has announced a week before it releases its second quarter results. Boeing says it will record an after-tax charge of $4.9 billion due to delayed aircraft deliveries and associated issues, resulting in a $5.6 billion reduction in revenue and pre-tax quarterly […]
American Airlines cancels major Airbus deal and orders more 787s
American Airlines has ordered an additional 47 Boeing 787s and cancelled a major Airbus order originally placed by US Airways. The 47 new widebody aircraft will consist of 22 787-8s and 25 787-9s to begin arriving in 2023. They will be powered by General Electric’s GEnx-1B engines with the 787-8s replacing Boeing 767-300s and the […]
EL AL, United Airlines and AZAL among carriers to order Boeings
EL AL Israel Airlines has order three Boeing 787 Dreamliners at the 2017 Paris Air Show, firming up additional commitments originally announced in 2015. Valued at more than $729 million at current list prices, the order includes two 787-8s and one 787-9. EL AL now has six unfilled orders for 787s, with lease agreements in […]
Boeing pens agreement with Iran Aseman Airlines for 30 737 MAXs
Boeing has penned a memorandum of agreement (MOA) with Iran Aseman Airlines, expressing the airline’s intent to purchase 30 Boeing 737 MAX aircraft. This is valued at $3 billion. The agreement also provides the airline with purchase rights for 30 additional 737 MAXs. According to the US Department of Commerce, an aerospace sale of this magnitude creates […]
India’s Spicejet orders 205 Boeing aircraft
Boeing and SpiceJet have signed deal for a commitment for up to 205 aircraft during an event in New Delhi. Booked at the end of 2016, it includes 100 new Boeing 737 MAX 8s, SpiceJet’s current order for 42 MAXs, 13 additional 737 MAXs, which were previously attributed to an unidentified customer on Boeing’s Orders & Deliveries […]
Malaysia Airlines orders up to 50 Boeing 737 MAX
Malaysia Airlines has ordered up to 50 Boeing 737 MAX aircraft. The order is for 25 737 MAX 8 airplanes, valued at $2.75 billion dollars at current list prices, which also includes purchase rights for additional 737 MAX 8 and 737 MAX 9 aircraft. The order, previously attributed to an unidentified customer on the Boeing Orders & Deliveries website. […]
Boeing makes second quarter loss of $234 million
Boeing made a loss of $234 million in the second quarter of 2016, which it says is due to reclassification of research & development (R&D) for the 787, and charges for the 747 and KC-46 Tanker programmes. Boeing warned on 21 July that the changes to the 787, 747 and KC-46 would impact the results. […]
1,850 new aircraft for India by 2035
India will need 1,850 new aircraft, valued at $265 billion over the next 20 years, the majority being single-aisle, Boeing predicts in its Current Market Outlook. According to the outlook, 1,560 of the aircraft will be single-aisle including the Boeing 737 Next-Generation and 737 MAX, worth $180 billion. Boeing predicts 280 widebody aircraft worth $85 […]
Fewer deliveries causes Boeing Commercial Airplanes decline
Boeing has seen revenues and profits from its Commercial Airplanes division fall in the first quarter of 2016 because of fewer aircraft deliveries. Commercial Airplanes revenue fell by six per cent to $14.4 billion because deliveries during the quarter were down by four per cent to 176. Profits for the Commercial Airplanes division declined by […]
Boeing carries out first 737 MAX test flight
Boeing has carried out the first test flight of the 737 MAX, which remains on track for the first delivery in the third quarter of 2017. The 737 MAX 8 flight from Renton Field, Washington, lasted two hours and 47 minutes reaching altitudes of 25,000 feet. Boeing says the 737 MAX uses 20 per cent […]
Boeing delivers record number of aircraft
Boeing delivered 762 commercial aircraft in 2015, 39 more than 2014, which it says is a record. The manufacturer says it received 768 orders worth $112.4 billion, and at the end of 2015 had 5,795 unfilled orders. Of the 768 net orders, 588 were Boeing 737s, two were Boeing 747s, 49 were Boeing 767s, 58 […]
China Southern commits to 80 Boeing 737s
China Southern Airlines has committed to purchasing 80 Boeing 737s, of which, 30 will be Next Generations and 50 will be MAXs, valued at about $8.4 billion. Boeing Commercial Airplanes senior vice president for North East Asia sales, Ihssane Mounir says: “China Southern’s commitment is a solid endorsement of the popularity of the Next Generation […]
Korean Air confirms order for 30 Boeing 737 MAXs
Korean Air has finalised its order for 30 Boeing 737 MAXs and two Boeing 777-300 Extended Ranges in a deal worth about $4 billion. The airline announced its intention to purchase the aircraft at the Paris Air Show on 15 June. Korean Air also has the option for an additional 20 737 MAXs, which if […]
Boeing: Middle East will need 3,180 new aircraft
The Middle East will require 3,180 new aircraft worth an estimated $730 billion over the next 20 years, with single-aisles driving the growth, according to the Boeing Current Market Outlook. Boeing says about 1,410 of these aircraft will be single-aisle, such as the Boeing 737 MAX. The manufacturer says they will replace older, less efficient […]