Boeing Helps Export-Import Bank Fight for Survival

787 Assembly line Charleston NC

For years, critics have referred to the U.S. Export-Import Bank as “ Boeing ’s Bank” because the government agency provides billions in financial backing to the aerospace company. The latest skirmish about the bank’s future illustrated that co-dependence, and showed the muscle that Boeing Co. will deploy in coming weeks in the larger fight about […]

Why Is Southwest Airlines Offering to Pay Boeing an Extra Half-Billion Dollars?

Southwest Airlines Boeing 737 on Approach to Houston Hobby

Boeing’s Thursday update on plane orders received from its customers was a bit of a letdown — just one new order, for a single 787 Dreamliner, booked in the past week. And that’s OK. Sure, Boeing’s order book has grown by just one plane. True, it now stands at only 129 orders “net” of cancellations. […]

China just gave Boeing a big boost

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Boeing can thank a booming travel industry in China for its latest windfall. Chinese carrier Ruili Airlines and two leasing companies have placed an order with the Chicago-based plane manufacturer for 60 narrow-body jets, the official Chinese news agency Xinhua reports. The cost of the transaction will total more than $6.1 billion (or 38 billion […]

Is Boeing About to Make Some Noise in the Business Jet Market?

737 Max

After markets closed on Monday, Boeing Co. announced that it had received two orders for its Boeing Business Jets (BBJs). Two unnamed customers have each ordered one aircraft: a 737-based BBJ and a BBJ 787-8. The company also won a commitment from a China-based airline and two leasing firms for 60 of Boeing’s 737 MAX […]

Middle East needs almost 3,000 airplanes in next two decades: Boeing

Middle East Carriers

As many as 2,950 new airplanes worth $640 billion will be needed in the Middle East region for the next two decades between 2014 and 2033, according to a forecast by Boeing. The robust growth in demand for planes from the region is mainly due to the industry growth. “We expect demand for planes to […]

Boeing Confident About Commercial Airplane Outlook

Boeing

Boeing executives delivered a bullish outlook during the manufacturer’s annual investor conference on May 12 in Chicago, citing a record backlog, historically low rate of cancellations and deferrals and anticipated future growth. They downplayed recent changes in 787 Dreamliner orders. Opening the conference, chairman and CEO Jim McNerney said that demand remains solid for commercial […]

Boeing bullish on Iran as nuclear negotiations near close

Boeing Co is bullish on the Iranian market, believing that the Islamic republic’s self-assessment for new aircraft is accurate. “We’ve done a pretty good assessment on our side and we think the demand, should things open up, would be very strong,” Marty Bentrott, vice president — sales, Middle East, Russia & Central Asia at Boeing, […]

Saudi Arabian Airlines Buys 100 New Airbus, Boeing Aircraft

saudia jet

The board of Saudi Arabian Airlines will purchase 100 new aircraft from Airbus and Boeing in line with its five year plan from 2015-2020. Saudi Arabian Airlines Director General Saleh bin Nasser Al-Jasser said recently the plan is meant to strengthen operational efficiency as part of the continuous modernization of the fleet. Previously Saudia ordered […]

Boeing And Airbus’ Competition To Soar Once Again In 2015

Airbus Boeing

This month, airline manufacturer Boeing sold sixty-one 737 commercial airliners to a single buyer for a massive deal worth $6.6 billion at list prices. While the company revealed details of the order – 51 aircrafts were ordered in 2015, while 10 were ordered last year – few other details of the buyer were publicised by […]