Tag Archives: Boeing

Boeing announces details of $100 million employee education investment

Boeing has launched new workforce development programs, the latest step in fulfilling its 2017 pledge to invest $300 million in employees, infrastructure and local communities as a result of U.S. tax reform.

The new programs come after the company crowdsourced more than 40,000 ideas from employees through an online survey and dozens of iPad-equipped “Idea Stations” at Boeing sites worldwide.

“When we asked our people how best to invest in their learning and development they spoke up loud and clear,” said Heidi Capozzi, senior vice president of Human Resources. “We listened and read every single idea that was submitted. Our long-term plans represent a down payment on the future of our employees and tomorrow’s technical workforce.”

The workforce development programs will launch an online network of resources designed to make learning more accessible to employees at all levels of the company. A new partnership with Degreed.com will provide employees with access to online lessons, certification courses and degree programs. The investment will also fund several programs to help employees enhance technical skills and understand industry trends, tools and technologies. The first program will focus on digital literacy, a key enabler of Boeing’s growth strategies.

The company plans to announce additional employee education investments later this year.

Boeing also made a $6 million investment in the future technical workforce through a partnership with the Thurgood Marshall College Fund and several Historically Black Colleges and Universities. The strategic investment will support scholarships, internships and immersive “boot camp” programs to help students experience what it’s like to work at Boeing.

Boeing is a leader in supporting employee learning and workforce development, and was recently recognized by Indeed.com as one of the top 15 companies in the U.S. for pay and benefits. Boeing also offers formal mentorship programs, internships, rotation assignments and leadership training at the Boeing Leadership Center near St. Louis.

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Boeing, Safran agree to design, build and service Auxiliary Power Units (APUs)

Boeing and Safran have agreed to jointly design, build and service Auxiliary Power Units (APUs), creating better value for customers and for both companies. An APU is an onboard engine that is used to primarily start the main engines and power aircraft systems on the ground and, if necessary, in flight.

The agreement will establish an important relationship between two of the world’s leading aerospace companies to work together on products and expanded service capabilities to benefit both customers and the industry at large. Both companies will have a 50 percent stake in the partnership, which will be based in the United States. The completion of the transaction is subject to customary conditions including regulatory and antitrust clearance. The deal is expected to close in the second-half of 2018.

“This strategic partnership will leverage Boeing’s deep customer and airplane knowledge along with Safran’s experience in designing and producing complex propulsion assemblies to deliver expanded, innovative services solutions to our customers,” said Stan Deal, President and CEO, Boeing Global Services.

Safran currently supplies a wide range of components to Boeing commercial and defense programs, including as a partner to produce CFM’s LEAP-1B engine for the 737 MAX (through CFM International, a 50/50 JV between Safran Aircraft Engines and GE). Boeing and Safran also are partners in MATIS, a joint venture in Morocco producing wiring products for several airframe and engine companies.

“This will represent a new step in the long-lasting and fruitful partnership between Safran and Boeing. We are extremely proud of the continued confidence that Boeing has placed in our company. Safran has contributed to prestigious international military and civil programs, providing reliable, high-performance APU systems since 1962. Together we are committed to delivering advanced APUs and world-class support to our customers,” said Philippe Petitcolin, Chief Executive Officer of Safran. “This partnership will have no impact on our 2018 guidance nor on our plan to return Euro 2.3 billion cash to shareholders over 18 to 24 months.”

“This move will strengthen Boeing’s vertical capabilities as we continue to expand our services portfolio and make strategic investments that accelerate our growth plans,” said Greg Smith, Boeing Chief Financial Officer and Executive Vice President of Enterprise Performance & Strategy. “The establishment of the joint venture will have no impact on Boeing’s 2018 guidance or on our commitment to returning approximately 100 percent of free cash flow to shareholders.”

Safran is an international high-technology group, operating in the aircraft propulsion and equipment, space and defense markets. Safran has a global presence, with more than 58,000 employees and sales of 16.5 billion euros in 2017. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. Safran undertakes Research & Development programs to meet fast-changing market requirements, with total R&D expenditures of around 1.4 billion euros in 2017. Safran is listed on the Euronext Paris stock exchange, and is part of the CAC 40 and Euro Stoxx 50 indices. In February 2018, Safran took control of Zodiac Aerospace, significantly expanding its aircraft equipment activities. Zodiac Aerospace has 32,500 employees and generated sales of 5.1 billion eurosfor its fiscal year ended August 31, 2017.

 

Boeing statement on WTO ruling

Boeing issued this statement:

The World Trade Organization (WTO) today in its final decision found that the European Union (EU) has failed to honor multiple previous rulings and has provided more than $22 billion of illegal subsidies to European aircraft maker Airbus. After examining this case for more than a decade, the WTO has determined the EU must end its unfair business practices and remedy the ongoing harm caused by the illegal subsidies.

This landmark ruling by the WTO Appellate Body is the final decision in this case, which was initiated in 2006. Today’s decision ends the dispute and clears the way for the United States Trade Representative (USTR) to seek remedies in the form of tariffs against European imports to the United States.

The authorized tariffs are likely to total billions in duties per year, unless and until Airbus addresses the illegal subsidies it received from European governments for its most recently launched airplanes. It is anticipated that U.S. tariffs will be authorized up to the amount of annual harm this market-distorting tactic is causing. Tariffs could be scheduled as early as 2019. This is expected to be the largest-ever WTO authorization of retaliatory tariffs.

“Today’s final ruling sends a clear message: disregard for the rules and illegal subsidies is not tolerated. The commercial success of products and services should be driven by their merits and not by market-distorting actions,” said Dennis Muilenburg, Boeing chairman, president and CEO. “Now that the WTO has issued its final ruling, it is incumbent upon all parties to fully comply as such actions will ultimately produce the best outcomes for our customers and the mutual health of our industry. We appreciate the tireless efforts of the U.S. Trade Representative over the 14 years of this investigation to strengthen the global aerospace industry by ending illegal subsidies.”

The U.S. government, with Boeing’s full support, has complied with WTO rulings stemming from the two cases the EU brought against the United States. One case has already ended in favor of the United States, and in the other, the vast majority of the allegations the EU made against the United States and Boeing were dismissed. Where there were narrow rulings against U.S. practices, they have been fully addressed to the WTO’s satisfaction.

Just one finding against the United States now remains before the WTO, which concerns a Washington state tax measure. It is under appeal and should be decided later this year or in early 2019. Boeing believes that ruling will be reversed, but if not, Boeing has pledged to do whatever necessary to come into full compliance in the interest of upholding rules-based trade, which is essential to fairness and the future prosperity of the global aerospace industry.

Ryanair finalizes its order for 25 additional Boeing 737-8 MAX 8s

Ryanair and Boeing on April 24, 2018 announced they finalized an order for 25 additional high-capacity 737 MAX 8 airplanes. The $3 billion order, at current list prices, was previously listed as unidentified on Boeing’s Orders & Deliveries website.

“We are pleased to announce the exercise of 25 Boeing 737 “Gamechanger” options, bringing our firm order to 135 737 MAX 8s,” said Neil Sorahan, chief financial officer, Ryanair. “The Gamechanger has eight more seats than our current 189-seat Boeing 737-800NG and incorporates the latest technology engines and winglets which reduce fuel consumption and noise emissions, ensuring we remain Europe’s greenest, cleanest airline and lowest cost airline.  We look forward to taking delivery of our first Gamechanger in Spring 2019.”

Ryanair launched the high-capacity 737 MAX 8 in late 2014 with an order for 100 airplanes, followed by an additional order for 10 airplanes at the 2017 Paris Air Show. The airplane will provide Ryanair with 197 seats, increasing revenue potential and delivering up to 14 percent lower fuel consumption than today’s Next-Generation 737s.

The Dublin-based carrier is the largest 737-800 customer in the world and the largest Boeing operator in Europe. Last month, Ryanair took delivery of its 500th Next-Generation 737-800 and has now ordered more than 650 Boeing airplanes.

The 737 MAX incorporates the latest CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays and other features to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

Boeing dismantles an unwanted 787 Dreamliner

Boeing 787-8 Dreamliner N787FT (msn 40694) BFI (Joe G. Walker). Image: 941660.

Boeing is dismantling this former 787 test aircraft, line number 5, part of the early overweight group known as the “Terrible Teens”, at Paine Field in Everett, WA.

Number five, the pictured N787FT (msn 40694), built in 2009, is in the process of being broken up by a contractor. The aircraft had sat at PAE for years in a derelict condition after the type received its FAA type certification.

The airframe was just too heavy to have any chance of being resold.

Most of the “Terrible Teens”, as they were known, eventually found buyers, albeit at a discounted price.

According to the Seattle Times, the dismantling is being used as a teaching method on how to recycle aircraft and aircraft parts made of carbon fiber. A contractor is disassembling the prototype airframe.

Attached are photos of this airplane seen at Boeing Field (BFI) in 2011, when it was doing flight tests for the certification.

Read the full article: CLICK HERE

Top Copyright Photos: Boeing 787-8 Dreamliner N787FT (msn 40694) BFI (Joe G. Walker). Image: 941660.

Boeing delivers the first 737-800BCF to GECAS and West Atlantic

Boeing on April 19 announced the delivery of the first 737-800 Boeing Converted Freighter (BCF). The first customer is GE Capital Aviation Services (GECAS) and the freighter will be operated by West Atlantic Group, based in Sweden.

West Atlantic will receive four 737-800 aircraft within the next 11 months and, once delivered, the company will operate 23 Boeing 737 freighter aircraft.

Boeing’s Current Market Outlook forecasts that over the next 20 years, customers will need more than 1,100 standard-body converted freighters.

Through its freighter conversion program, Boeing transitions passenger airplanes into freighters, extending the service life of the airplane. The 737-800BCF carries more payload – up to 23.9 tonnes (52,800 lbs) – and has longer range – 2,000 nautical miles (3,750 km) than other standard-body freighters – providing capability to open new markets. The 737-800BCF freighter also offers operators newer technology, lower fuel consumption and better reliability than other standard-body freighters. It primarily will be used to carry express cargo on domestic / short haul routes.

For the 737-800BCF, Boeing has received 45 orders and commitments, from seven customers including: YTO Airlines, based in Hangzhou, China; China Postal Airlines, based in Beijing, China; GECAS, based in Ireland; Air Algerie, based in Algiers, Algeria; LAS Cargo, based in Bogota, Colombia; Cargo Air, based in Sophia, Bulgaria ; and an unannounced customer.

Twelve pallet positions provide 4,993 cubic feet (141.4 cubic meters) of cargo space on the main deck of the 737-800BCF. This will be supplemented by two lower-lobe compartments, combined providing more than 1,540 cubic feet (43.7 cubic meters) of space for revenue-generating cargo.

Existing passenger airplanes will be modified at select facilities located near conversion demand, including Boeing Shanghai Aviation Services Co. Ltd., and Taikoo (Shandong) Aircraft Engineering Co. Ltd., also known as STAECO, in China. Modifications include installing a large main-deck cargo door, a cargo-handling system and accommodations for up to four non-flying crew members or passengers.

Photo: Boeing.