Boeing has recorded first-quarter revenue of US$17.9 billion, GAAP loss per share of (US$0.69) and core loss per share (non-GAAP) of (US$1.27). The company reported operating cash flow of (US$0.3) billion and free cash flow of (US$0.8) billion (non-GAAP). Results improved on commercial volume and performance. The company reported a net loss of US$425 million compared to a net loss of US$1,242 […]
Boeing has signed a new partnering agreement with Korean industry to expand joint research and development activities and further develop critical aviation technologies. Boeing, the Korea Evaluation Institute of Industrial Technology (KEIT), and the Korea Institute for Advancement of Technology (KIAT), will collaborate on advanced production systems for commercial aircraft manufacturing, urban air mobility, aerospace
American planemaker Boeing Co (Boeing) and Canada’s CAE Inc. (CAE), have signed teaming agreements to increase levels of collaboration for platforms in Norway, Germany and Canada. The agreements intend to embrace each company’s complementary capabilities to provide superior management, technical and cost-effective training solutions for the P-8A Poseidon programme. “These agreements aim to advance mission
Boeing and CAE sign agreements to improve P-8A Poseidon programme training solutions Read More »
Boeing has signed agreements to purchase 5.6 million gallons (21.2 million litres) of blended sustainable aviation fuel (SAF) produced by Neste, a leading SAF producer, to support its U.S. commercial operations through 2023. These agreements more than double the company’s SAF procurement from last year. “We are demonstrating our commitment to reduce our carbon footprint and
Boeing buys 5.6 million gallons of sustainable aviation fuel for 2023 Read More »
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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