At last year’s Paris Air Show, there were blue skies and the airline industry managed to stay relatively healthy despite soaring oil prices and an anaemic global economic recovery, with a year-end industry-wide profit of US$7.9 billion, according to Geneva-based industry body International Air Transport Association (IATA). Fast forward 12 months and the global economy was in a very different shape. Having gone through the fear of contagion in the …Read More
Tag Archives: Leap
Boeing 737 MAX dual-feather winglet teleconference highlights
Beverly Wyse, Boeing 737 programme vice president (VP) & general manager (GM) - This kind of improvement is consistent with our demonstrated performance on delivering increasing value to our customers on-time throughout the life of the programme. - Since entry into service on the 737, we continue to improve the Next-Generation aircraft for our customers, including anything like carbon brakes and the passenger-preferred Boeing Sky Interior. - We also continue …Read More
Boeing posts strong 2012 first-quarter results
Chicago-based Boeing, the world’s largest aerospace company, posted an exceptionally strong first-quarter results which beat Wall Street analysts’ forecast and saw its net income for the quarter soaring by a staggering 58% from US$586 million a year ago to US$923 million this year. The better-than-expected results came as the company recorded a US$0.11 per share positive impact from the release of a litigation reserve, a remarkable quarterly performance from its …Read More
2012 a bright year for Boeing
- Boeing posts robust quarterly & yearly results – 737 MAX to enjoy strong sales in 2012 – 737 MAX configuration continues to evolve – Pent-up demand for 787 & 747-8 may be realised this year – 787 production ramp-up key focus of the year – Aspire Aviation changing estimate of 787-10X launch timing from 2012 to 2014 – 777X likely to be launched in 2013, eyed EIS in 2019 …Read More
Boeing 737 MAX sees a bright year ahead (Update1)
After witnessing an unprecedented order influx at its transatlantic arch-rival’s re-engined Airbus A320neo (new engine option) aircraft which garnered 1,196 firm orders only one year since its launch in December 2010, Chicago-based aircraft manufacturer Boeing looks set to enjoy a similar orders bonanza for its re-engined 737 MAX aircraft in 2012 as it received a staggering US$19 billion firm order for 150 737 MAX and 58 additional 737 NG (next-generation) …Read More
Interview: Virgin America chief executive David Cush
Since its founding in 2007, Virgin America has often been questioned by not only airline industry analysts, but also some of its domestic rivals, on its business model. The Burlingame, California-based carrier, which is partly owned by British media mogul Richard Branson’s Virgin Group, has yet to achieve a full-year profitability in its more than 3 years of operation. In the first quarter of this year, VX reported a US$29.5 million operating loss, …Read More
Boeing 737 MAX press conference highlights
Boeing today announced the launch of the re-engined 737 and named it the 737 MAX, consisting of the 737 MAX 7, 737 MAX 8 and 737 MAX 9 variants that will burn 10%-12% less fuel than the existing 737 Next-Generation (NG) and burn 4% less fuel than the competing A320neo (new engine option) on a per seat basis. In highlighting the strong business case of the 737 MAX, Boeing said …Read More