GA Telesis (GAT) has acted as structuring agent for the successful acquisition and financing of ten Boeing aircraft for a major U.S. Airline. GAT, as structuring agent, negotiated the purchase and arranged the financing from a U.S. bank to fund the transaction. “This transaction was a great opportunity for our experienced team to identify, structure, […]
Boeing and Cathay Pacific Airways have signed an agreement for an Integrated Materials Management (IMM) solution designed to reduce the airline’s operating costs and allow Cathay Pacific to focus its resources on core business activities. Boeing will manage selected portions of the airline’s expendable spare parts inventory, helping it achieve consistently high service levels for
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Elizabeth Lund has been named vice president of Product Development for Boeing Commercial Airplanes. Lund will be responsible for leading preliminary design of new and derivative airplanes and systems, and environmental performance strategy. Lund also will manage the overall research & development plan across Commercial Airplanes, and support the Product Strategy and Advanced Technology organizations
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The Boeing Company’s first-quarter 2008 earnings per share increased 43% as net income rose 38% to $1.2 billion and operating margin rose to 11.3%, driven by solid overall execution in both its commercial airplane and defense businesses as well as lower unallocated costs. Boeing’s quarterly revenue rose 4% to $16.0 billion while its operating cash
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Boeing’s Commercial Aviation Services organization announced LAN CARGO will be the launch customer for a repair and overhaul services offering for landing gear on Boeing 767 freighters. By signing for the Boeing Service Center Repair Network, LAN CARGO will receive worldwide access to landing gear repair and replacement. The Landing Gear and Overhaul program is
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Boeing Australia opened a component repair business that will be housed in a new AUS$10 million facility at Melbourne Airport, Victoria. The new business will maintain, repair and overhaul a wide range of components for commercial and military aircraft, ranging from the revolutionary Boeing 787 Dreamliner to the Royal Australian Air Force’s F/A-18 Hornet. Boeing
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The Boeing Company named Antonio De Palmas as president of European Union and NATO Relations. De Palmas will be responsible for working with all European institutions and representing Boeing interests at the EU, European Parliament and NATO. He will be based in Brussels, Belgium, and report to Shep Hill, president, Boeing International. De Palmas has
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Boeing reported thas it has flown a manned airplane powered by hydrogen fuel cells. The recent milestone is the work of an engineering team at Boeing Research & Technology Europe (BR&TE) in Madrid, with assistance from industry partners in Austria, France, Germany, Spain, the United Kingdom and the United States. A two-seat Dimona motor-glider with
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Boeing named Paul Kinscherff president of Boeing Middle East. He will be based in Dubai, United Arab Emirates, and report to Shep Hill, president, Boeing International. Kinscherff will work with Boeing Saudi Arabia President Ahmed Jazzar to strengthen Boeing’s presence across the region and support its growth there. Since late 2003, Kinscherff has been Boeing’s
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Boeing and Tata Industries Limited of India have agreed on a plan to form a joint-venture company that will initially include more than $500 million of defense-related aerospace component work in India for export to Boeing and its international customers. Under the memorandum of agreement signed by Boeing and Tata, it is contemplated that the
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