Boeing Co. plans to open its first ever European factory in Sheffield, northern England — delivering a vote of confidence in the U.K.’s manufacturing capabilities as the country prepares to exit the European Union.
Category: Boeing 777
Boeing Wins $13.8B Singapore Airlines Order
Singapore Airlines announced a $13.8 billion order to buy 39 Boeing wide-body aircraft as it pursues expansion opportunities, a setback for the U.S. planemaker’s rival Airbus Group in the fight for long-term orders. Airbus Group has flagged its intention to build a bigger version of its A350, although these plans have been placed on hold amid uncertainty over demand for wide-body jets.
Boeing Co. Investors Should Listen To This Company’s Outlook
Let’s take a look at what was said and what it means to the aviation industry and for Boeing. Management maintained the guidance it gave in October, so no surprises there.
Boeing Beats Earnings Estimates, Sees Stronger 2017 Plane Deliveries
Helped by the Dreamliner, Boeing posted much better-than-expected fourth-quarter earnings on Wednesday and said it expects to see solid plane deliveries in the coming year. Boeing said earnings for the three months ended in December came in at $2.47 a share, well ahead of the $2.35 a share expected by analysts and more than 50% higher than in the same period last year.
United Airlines Can’t Get Rid of the Boeing 747 Fast Enough
United Airlines has been flying one version or another of Boeing’s iconic jumbo jet since 1970. However, United’s management recently decided to accelerate the retirement of the carrier’s remaining 747s for the second time in less than a year.
Iran Drops A380s in Airbus Plan as Jet Struggles for Deals
Airbus Group SE suffered a blow to its already troubled A380 program when Iran, which had previously suggested it would buy the double-decker planes, said it had dropped the model as part of a wider fleet upgrade. Iran reduced its order with Airbus to 100 planes in a contract that will no longer include A380s, Farhad Parvaresh, Iran Air’s chief executive officer, said in a press conference in Tehran.