Jun. 15, 2015, 8:40 AM
- Airbus (OTCPK:EADSY) and Boeing (NYSE:BA) got their sales war off to a flying start at the Paris Airshow this morning with almost $40B in orders.
- Airbus orders: $8B for 50 planes from Saudi Arabian Airlines; $6.4B for 60 A320neos from GE Capital Aviation; $9B for 30 A350 XWB jets from Garuda Indonesia.
- Boeing orders: $4.8B for 14 777s from Qatar Airways; $10.9B for 60 aircraft from Garuda Indonesia.
- Airbus topped its U.S. rival at the last Paris Airshow two years ago, landing sales worth a total of $39.3B compared with Boeing's $38B.
- Previously: Boeing, Airbus near $23B order book in Paris (Jun. 15 2015)
Jun. 15, 2015, 2:25 AM
- Boeing (NYSE:BA) and Airbus (OTCPK:EADSY) are poised to win at least 220 orders for competing narrow-body jets at the Paris Air Show, a haul of at least $23B, Bloomberg reports.
- Press conferences to unveil their orders will begin today, when the event formally opens.
- The Max is the latest version of Boeing’s top-selling 737 and is due to enter service in 2017. Airbus has scheduled the A320neo's debut for later this year.
Jun. 12, 2015, 6:06 PM
- Bombardier (OTCPK:BDRAF, OTCQX:BDRBF) may be ready to unveil better than expected performance for its CSeries jet at the Paris International Air Show, as it reportedly will announce that its jet will be able to take off 5K lbs. heavier than first planned.
- The improvement would mean the CSeries can carry more revenue generating cargo or with added fuel can fly 200-350 nautical miles farther than the original estimate of 2,950 miles; the ability to travel farther would offer greater flexibility to open new routes or load less fuel in favor of cargo.
- Analysts and customers say strong test-flight results would give new CEO Alain Bellemare an opportunity to win over a skeptical industry and convince airlines that the much-delayed CSeries is a ready challenger to Airbus (OTCPK:EADSF, OTCPK:EADSY) and Boeing (NYSE:BA) passenger jets.
Jun. 12, 2015, 4:38 PM
- Boeing's (NYSE:BA) chief salesman says the company believes there is sufficient demand for a medium-range jet that is not currently served by its product portfolio.
- John Wojick, VP of global sales, tells Dow Jones that airlines have expressed interest to Boeing in a jet that could seat ~250 passengers and fly medium-range routes (typically 5-9 hours) - bigger than its single-aisle 737 but smaller than its new long-range 787 Dreamliner.
- Boeing has not made a final decision to proceed, and any new jet would not be flying with passengers until the next decade, but its determination that such a product has sufficient demand is seen as a critical first step toward what could be its first all-new model since the 787.
Jun. 12, 2015, 2:28 PM
- Boeing (BA -0.3%) is close to a long-sought deal to sell 100 of its 737 MAX passenger jets to Dutch aircraft leasing company AerCap (AER -0.5%), Reuters reports.
- The deal, expected to be announced at next week's Paris Airshow, would be worth ~$11B at list prices.
- AER CEO Aengus Kelly had said the air show was likely to produce fewer orders this year than in the past, presenting an ideal time to negotiate with planemakers for favorable deals.
Jun. 11, 2015, 10:36 AM
- Boeing (BA +1.1%) has boosted its 20-year forecast for aircraft demand by 3.5%, predicting "strong and resilient" growth as two out of every five newly built jets feed Asia's booming travel market.
- The U.S. planemaker expects airlines and freight firms to take delivery of 38,050 jets worth $5.6T by 2034, by which year more than 7B people will be flying.
- The forecast comes ahead of the June 15-21 Paris Airshow.
Jun. 11, 2015, 4:23 AM
- Delta Air Lines (NYSE:DAL) has entered into an agreement with Boeing (NYSE:BA) to purchase 40 737-900ER planes valued at about $4B at list prices, and will also acquire 20 Embraer (NYSE:ERJ) 190s after it ratifies a tentative agreement with its pilots.
- The 737 order will take the total for the model to 140, Delta said in the statement.
Jun. 10, 2015, 2:38 AM
- After receiving several offers, United Technologies' (NYSE:UTX) board of directors is scheduled to meet later this week to review the options for its $8B Sikorsky aircraft business.
- UTC is considering two tax-efficient transactions for Sikorsky: a spin-off or combination with peer Textron (NYSE:TXT).
- Alternatively, Sikorsky may be sold outright to another company. Lockheed Martin (NYSE:LMT), Boeing (NYSE:BA) and Airbus (OTCPK:EADSY) have all expressed interest.
Jun. 9, 2015, 12:45 PM
- Emirates Airline says it is considering an order for as many as 15 current generation Boeing (BA +0.2%) 777 aircraft, the carrier's president says, a move that would help Boeing transition to the new 777X jetliner, which is due to be delivered from 2020.
- Emirates already is the world’s largest 777 operator, flying 144 with another 49 current generation jets on order; it has 150 firm orders for the new 777X and 50 options.
- Earlier: Boeing sees strong air traffic, plane sales this year (June 5)
Jun. 8, 2015, 3:59 PM
- Boeing (NYSE:BA) recently announced it was looking to increase the seating capacity of its 777 300ER commercial aircraft by reducing the size of the lavatories, saying it could add up to 14 extra seats in the aircraft and give airlines room to improve their unit passenger margins.
- Boeing also is trying to improve the fuel consumption by reducing the weight of its 777 series aircraft, successfully managing to slice off 1,200 lbs.; with the reduced weight, the company believes it will be able to save airlines 5% in fuel cost.
- 777 General Manager Elizabeth Lund says she is confident of the current changes, and says the aircraft is receiving positive responses.
Jun. 5, 2015, 7:11 PM
- Boeing (NYSE:BA) forecasts airline passenger traffic to rise more than 6% and possibly as much as 6.5% this year, above its long-range forecast of ~5%.
- The forecast suggests that 160M additional passengers will fly this year, equating to a need for 900 new aircraft, not counting replacements, marketing VP Randy Tinseth says; Boeing and Airbus (OTCPK:EADSF, OTCPK:EADSY) combined expect to deliver more than 1,300 new aircraft this year.
- Tinseth says Boeing is on plan to book firm orders for at least 750 new airplanes in 2015, even though it has booked only 136 net orders so far.
- The company expects cargo traffic to rise ~5%, which Tinseth says should help it sell more of its 747-8 freighters.
Jun. 3, 2015, 8:26 AM
- The U.S. Air Force has formally kicked off a competition for the development of a new prototype rocket propulsion system in order to end U.S. reliance on Russian engines used in current military satellites launches.
- The program will require bidders to use their own funds to cover a third of the cost of the prototypes. Initial proposals are due by June 23.
- United Launch Alliance, a joint venture of Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA), is expected to compete against SpaceX, which was certified last week to compete for military and spy satellite launches.
- Other companies, including Aerojet Rocketdyne (NYSE:AJRD), are also studying their options.
Jun. 3, 2015, 7:34 AM| Jun. 3, 2015, 7:34 AM | 2 Comments
Jun. 2, 2015, 2:35 PM
- Boeing (BA +1.8%) announces it has started factory assembly of its first 737 Max jetliner, a key milestone in the upgrade of its best-selling single-aisle jetliner range.
- Wing assembly of the first test aircraft began in late May, according to the VP and general manager of the 737 Max program.
- The jet is scheduled to make its first test flight early next year and enter service with Southwest Airlines in Q3 2017.
- Boeing has received 2,724 orders for the next-generation plane, being developed to compete with Airbus' a320neo.
May 28, 2015, 2:54 PM
- Airbus (OTCPK:EADSF, OTCPK:EADSY) says it has encountered delays in flight trials of its new A320neo single-aisle jet because of a problem on one of the engines, although the program remains on track for its first plane delivery this year.
- Flight testing is on hold for the A320neo, powered by PW1100G engines from Pratt & Whitney (NYSE:UTX), but the delay should last only a matter of days, says the head of programs for Airbus' commercial jetliner unit; Pratt & Whitney says it understands the nature of the problem and is addressing it.
- Meeting its planned launch schedule is seen as critical for Airbus, which is battling Boeing (NYSE:BA) to win new orders in the key market of narrow-body aircraft.
- Earlier: Airbus looks to ramp up A320 production
May 27, 2015, 3:42 PM
- Lockheed Martin (LMT +0.4%) CEO Marillyn Hewson says the company is open to making large deals but declines to comment specifically on whether it is interested in buying all or part of United Technologies' (UTX +0.8%) Sikorsky Aircraft.
- “We have great debt capacity,” the CEO says, adding that the company remains committed to returning most of its free cash to shareholders over the next three years.
- LMT, Boeing (NYSE:BA) and Airbus (OTCPK:EADSF, OTCPK:EADSY) are among the companies said to be exploring bids for Sikorsky or perhaps for a minority stake; LMT already is a partner with Sikorsky on programs including a planned new rescue helicopter for the Air Force and the replacement for the rotorcraft used as Marine One by the U.S. president.
The Boeing Co. is an aerospace company that manufactures commercial jetliners and defense, space and security systems. Its products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and... More
Sector: Industrial Goods
Industry: Aerospace/Defense Products & Services
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