Spirit AeroSystems secures US$350 million in advance payments from Boeing

Spirit AeroSystems has announced a critical financial arrangement with Boeing, which will provide the company with up to US$350 million in advance payments. This cash infusion is designed to alleviate some of Spirit’s ongoing financial challenges, including excessive inventory levels, strained operational cash flows and escalating production costs that have put pressure on its balance […]

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Boeing's 2024 WACF anticipates robust growth for the air cargo industry © Boeing

Boeing projects strong growth for air cargo industry to 2043

Other News

Boeing’s 2024 World Air Cargo Forecast (WACF) anticipates robust growth for the air cargo industry, projecting an average annual increase of 4% in air cargo traffic through 2043. This sustained growth follows a post-pandemic resurgence, with current air cargo volumes already exceeding pre-pandemic levels. Darren Hulst, Boeing’s Vice President of Commercial Marketing, attributes this momentum

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Avia Solutions Group has placed its first-ever direct order with Boeing for 40 737-8s

Avia Solutions Group places first order with Boeing

Aircraft & Engines

Avia Solutions Group, an ACMI (aircraft, crew, maintenance, insurance) provider, has placed its first-ever order with Boeing for 40 737-8 aircraft, with the option to acquire an additional 40 in the future. This acquisition underscores the Group’s commitment to enhancing operational flexibility and meeting the diverse needs of airlines worldwide. With 11 air operator certificates

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After seven weeks on strike, Boeing’s West Coast factory workers voted in favour of a new contract © IAM

Boeing strike ends: workers win pay rise and bonuses

Other News

After seven weeks on strike, Boeing’s West Coast factory workers voted on Monday to accept a new contract, marking the end of a prolonged standoff that had severely disrupted jet production. With 59% of the union members voting in favour, the new contract promises a 38% pay rise over four years, providing much-needed stability for

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LATAM Airlines Group will purchase ten 787 Dreamliners with options for five more airplanes

LATAM Airlines strengthens fleet with new Boeing 787 order

Aircraft & Engines

Boeing and LATAM Airlines Group, South America’s foremost passenger and cargo airline group, have announced the purchase of ten additional 787 Dreamliners, with options for a further five aircraft. This investment strengthens LATAM’s position as the largest operator of 787s in the region Currently, LATAM operates a fleet of 37 Boeing 787-8 and 787-9 aircraft.

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The parts agreement between Joramco and Boeing was signed at the MRO Europe 2024 © Joramco

Joramco signs parts agreement with Boeing at MRO Europe 2024

MRO & Production

Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility, has signed a parts agreement with Boeing during the Aviation Week Network’s MRO Europe event in Barcelona. The two-year agreement establishes a Boeing tailored parts package, which will encompass consumables and expendable parts sourced from various locations within Boeing’s global parts distribution network. Fraser Currie,

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Boeing reports US$17.8 billion revenue with significant Q3 losses

Financial

Boeing has reported third-quarter revenue of US$17.8 billion, with a GAAP loss per share of (US$9.97) and a core loss per share of (US$10.44), primarily due to the IAM work stoppage and charges on commercial and defence programmes. The company posted negative operating cash flow of (US$1.3 billion) and free cash flow of (US$2.0 billion).

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Emirates SkyCargo has ordered five additional Boeing 777 Freighters © Boeing

Emirates SkyCargo expands fleet with additional 777 Freighters

Aircraft & Engines

Emirates SkyCargo has announced an order for five additional Boeing 777 Freighters, further expanding its fleet of the twin-engine aircraft. This latest order, which was finalised in September, brings Emirates’ total Boeing wide-body aircraft orders to 249, including 14 of the 777 Freighters. The new acquisition builds on Emirates SkyCargo’s earlier purchase of five 777

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China Airlines has ordered ten Airbus A350-1000s and 14 Boeing 777X aircraft © Boeing

Boeing to cut 17,000 jobs amid strike and safety crisis

Other News

Boeing has announced plans to cut 17,000 jobs in an effort “to align with our financial reality” as the aerospace giant faces ongoing challenges from a major strike and the fallout from its latest safety crisis, The Guardian reported. The the company also revealed it will delay the first delivery of its 777X commercial jetliner

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Italian prosecutors accuse seven of fraud over flawed Boeing parts

Other News

Italian prosecutors have accused seven individuals and two sub-contractors of crimes including fraud and breaching aircraft safety regulations following an investigation into suspected flawed parts produced by an Italian company for Boeing, Reuters reported. The investigation, which began in late 2021, was launched after Boeing revealed that some parts for its 787 Dreamliner, supplied by

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Spirit AeroSystems secures US$350 million in advance payments from Boeing

Boeing projects strong growth for air cargo industry to 2043

Avia Solutions Group places first order with Boeing

Boeing strike ends: workers win pay rise and bonuses

LATAM Airlines strengthens fleet with new Boeing 787 order

Joramco signs parts agreement with Boeing at MRO Europe 2024

Boeing reports US$17.8 billion revenue with significant Q3 losses

Emirates SkyCargo expands fleet with additional 777 Freighters

Boeing to cut 17,000 jobs amid strike and safety crisis

Italian prosecutors accuse seven of fraud over flawed Boeing parts

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