Category Archives: Boeing

Boeing, Avolon finalize a deal for 75 737 MAX airplanes

Boeing and Avolon, the international aircraft leasing company, have finalized an order for 75 737 MAX airplanes. The confirmed order is for 55 MAX 8s and 20 MAX 10s, with options for 20 additional MAX 8s.

The agreement, announced as a Memorandum of Understanding (MOU) at the 2017 Paris Air Show, is valued at nearly $11 billion at list prices including the 75 firm and 20 option aircraft.

Launched at the 2017 Paris Air Show, the MAX 10 will have the lowest seat-mile cost of any single-aisle airplane. The new airplanes will bolster Avolon’s airplane portfolio to meet growing customer demand in the narrow-body market segment.

Headquartered in Dublin, Ireland, Avolon is one of the world’s leading aircraft leasing firms, with an owned, managed and committed fleet of 915 aircraft as of September 30, 2017. Avolon also has the youngest owned fleet amongst the top three lessors and an order book of exclusively new technology aircraft.

 

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Boeing, Azerbaijan Airlines announce a deal for additional 787-8 Dreamliners, Freighters

Azerbaijan Airlines Boeing 787-8 Dreamliner VP-BBR (msn 37920) JFK (Fred Freketic). Image: 934847.

Boeing and Azerbaijan Airlines (AZAL) have announced an order for five more 787-8 Dreamliners and a commitment to purchase two large freighters. The agreement, announced at the 2017 Dubai Air Show, is valued at about $1.9 billion at current list prices.

The freighter commitment will be finalized at a later time.

Azerbaijan Airlines also announced it will be the launch customer for the 787 Landing Gear Exchange Program whereby Boeing Global Services will provide the carrier with a lower-cost solution for overhauled and certified landing gears for its Dreamliner fleet, which now grows to seven airplanes.

Azerbaijan Airlines is a major air carrier and industry leader in the Central Asia region, serving 40 destinations in 25 countries. The airline currently flies two 787 airplanes as well as a fleet of Boeing 757 and 767s.

Boeing’s 787 Landing Gear Overhaul and Exchange Program provides a simple and economical solution for managing landing gear overhauls, while building on Boeing’s successful history of exchange programs. Through the offering, a carrier can exchange landing gears that need to be repaired or overhauled for another set of certified landing gear from a pool that Boeing maintains. This service eliminates the need for operators to contract, schedule and manage the overhaul process.

Boeing Global Services, headquartered in Texas, was formed by integrating the services capabilities of the government, space and commercial sectors into a single, customer-focused business. Operating as a third business unit of Boeing, Global Services provides agile, cost-competitive services to commercial and government customers worldwide.

Copyright Photo: Azerbaijan Airlines Boeing 787-8 Dreamliner VP-BBR (msn 37920) JFK (Fred Freketic). Image: 934847.

Boeing, Emirates announce a commitment for 40 787-10 Dreamliners

The first Boeing 787-10 Dreamliner

Boeing and Emirates, have announced a commitment to purchase 40 787-10 Dreamliners at the 2017 Dubai Airshow. The deal, including airplanes and related equipment, is valued at $15.1 billion at current list prices.

Emirates is the world’s largest Boeing 777 operator and will be the first to receive the new 777X in 2020. In selecting the 787-10, Emirates complements their 777 fleet with a medium twin-aisle airplane that offers 25 percent better fuel efficiency per seat and emissions than the airplanes it replaces.

Above Image: Emirates.

Emirates’ order will be delivered from 2022, taking the airline well into the 2030s. Some of these aircraft will be replacements.

The 787-10 is the largest member of the Boeing 787 Dreamliner family, which is the fastest-selling twin-aisle airplane in history. More than 65 customers have ordered more than 1,275 Dreamliners to date thanks to the family’s ultra-fuel efficiency and passenger-preferred experience. Emirates’ commitment pushes the total number of new 787 orders and commitments this year to more than 180; and more than 210 orders and commitments for the 787-10 overall.

Boeing has delivered more than 600 787s since deliveries began in 2011. The 787 fleet has flown more than 200 million passengers while saving over 19 billion pounds of fuel, enabling airlines to open more than 170 new nonstop routes around the world.

The 787-10 Dreamliner is 5.5 meters (18 ft) longer than the 787-9 yet shares more than 95% commonality with its smaller sibling. With its unprecedented low fuel use and operating costs, the 787-10 is the most efficient replacement for older twin-aisle jets such as the A330-300.

Copyright Photo: Boeing 787-10 Dreamliner N528ZC (msn 60256) BFI (Joe G. Walker). Image: 937791.

Emirates:

Boeing, CDB Aviation finalize order for 52 737 MAXs and eight 787 Dreamliners

 

1.jpegBoeing and CDB Aviation on November 9, 2017 finalized an order for 42 737 MAX 8s, 10 737 MAX 10s and eight 787-9 Dreamliners.

The order, valued at $7.4 billion at current list prices, was announced as a Memorandum of Understanding (MOU) at the 2017 Paris Air Show. The order includes a conversion of six 737 MAX 8 orders, to the 737 MAX 10.

CDB Aviation, one of the largest and most influential Chinese-owned aviation leasing companies, is part of the launch customer group for the 737 MAX 10, the newest member of Boeing’s 737 MAX family.

Based in Dublin, Ireland, CDB Aviation operates as a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., LTD (CDB Leasing) (HKEX stock code:1606) and features a committed fleet of over 300 aircraft.

Image: Boeing.

 

Boeing, FedEx Express are collaborating on the latest ecoDemonstrator Program testing

Boeing-FedEx "ecoDemonstrator Program"

On July 6, 2017 Boeing made this announcement. Now the program is ready to proceed with a dedicated freighter.

As part of the continuing effort to accelerate aerospace innovation, Boeing and FedEx Express, a subsidiary of FedEx Corporation and the world’s largest express transportation company, will work together to fly the next ecoDemonstrator.

Starting in 2018, a new Boeing 777 Freighter made for FedEx Express will test emerging technologies, such as propulsion advancements and flight deck innovations.

The ecoDemonstrator program, now in its fifth iteration, serves as a series of flying testbeds designed to improve the environmental performance and safety of future airplanes.

“The ecoDemonstrator program is focused on harvesting exciting new technologies that will benefit our airline customers, the flying public and the environment,” said Mike Sinnett, vice president of Boeing Commercial Airplanes Product Development.

The collaboration on the newest ecoDemonstrator project is the latest in a 38-year relationship between Boeing and FedEx.

“FedEx is committed to developing and implementing innovative solutions that connect the world responsibly and resourcefully,” said David Cunningham, president & CEO, FedEx Express. “We’re proud to work with Boeing and use our 777 Freighter to play a key role in bringing future benefits to the entire aviation industry.”

This round of ecoDemonstrator testing includes installing a compact thrust reverser developed by Boeing designed to save fuel, flight deck improvements that can improve efficient operations in and out of busy airports, and flying prototype airplane parts using cutting-edge manufacturing techniques that reduce material waste.

Flight testing is scheduled to last approximately three months before the airplane returns to the FedEx fleet.

Top Copyright Photo: FedEx Express Boeing 777-FS2 N878FD (msn 40684) (ecoDemonstrator Program) PAE (Nick Dean). Image: 939725.

Bottom Copyright Photo: FedEx Express Boeing 777-FS2 N878FD (msn 40684) (ecoDemonstrator Program) PAE (Nick Dean). Image: 939726.

Boeing-FedEx "ecoDemonstrator Program"

Boeing reports third quarter results; raises cash flow and EPS guidance

The Boeing Company reported third-quarter revenue of $24.3 billion with GAAP earnings per share of $3.06 and core earnings per share (non-GAAP)* of $2.72 reflecting strong deliveries, services and delivery mix, and overall solid execution (Table 1).

The company’s cash flow guidance is increased to $12.5 billion from $12.25 billion, driven by improved performance. Full year EPS guidance is increased to between $11.20 and $11.40 from $11.10 and $11.30 and core earnings per share (non-GAAP)* guidance is increased to between $9.90 and $10.10 from $9.80 and $10.00 driven by a lower-than-expected tax rate. Full year segment guidance is updated, reflecting the realignment of the company’s services businesses into Boeing Global Services (BGS).

“Our teams across all three business segments are driving execution with a focus on both productivity and growth, which has enabled Boeing to deliver solid third quarter financial results, grow cash flow, and raise our 2017 outlook,” said Chairman, President and Chief Executive Officer Dennis Muilenburg.

“In the third quarter we successfully launched our newest business segment, Boeing Global Services, leveraging our unique One Boeing advantages to offer complete lifecycle support across the commercial, defense and space sectors. We achieved a number of key milestones in the quarter with the delivery of a record 202 commercial airplanes, including 24 737 MAXs as we continue the smooth introduction of that airplane. On the defense side, we booked $6 billion in new orders, including an initial contract award for the Ground Based Strategic Deterrent program and an award from the U.S. Navy for 14 F/A-18 Super Hornet aircraft.”

“We remain focused on accelerating productivity, quality and safety improvements across the company, executing on our future development programs, and capturing new business to ensure our continued growth.”

Boeing today officially starts production of the 777X

Boeing

Boeing on October 23, 2017 officially kicked off the production of the first 777X flight test airplane.

Boeing engineers talk about its all-new composite wing, and its passenger experience of the future. The production includes the 108-foot wing spar inside the Everett plant.

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