Boeing has secured a US$2.38 billion contract from the U.S. Air Force to produce 15 additional KC-46A Pegasus tankers under Lot 11. This brings the total number of KC-46A multi-mission aerial refuelers on contract globally to 168, reinforcing advanced capabilities for the U.S. and its allies. Lynn Fox, Vice President and KC-46 Programme Manager at […]
Boeing to build 15 additional KC-46A tankers for U.S. Air Force Read More »
GE Aerospace, in collaboration with Boeing, NASA and Oak Ridge National Laboratory, is spearheading a project to integrate an Open Fan engine design with aircraft, advancing the aviation sector’s drive for energy-efficient technology. The U.S. Department of Energy has awarded this initiative 840,000 supercomputing hours through its highly competitive INCITE programme, which supports the most
Supercomputers to advance Open Fan engine design Read More »
Boeing has announced the issuance of 2,500 layoff notices as part of a broader plan to reduce its workforce amid ongoing financial struggles. These notifications began on November13, 2024 and will continue through mid-November, with affected employees’ final day on the payroll set for January 17, 2025. This is part of a larger effort to
Boeing issues 2,500 layoff notices amid financial struggles Read More »
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
Spirit AeroSystems secures US$350 million in advance payments from Boeing Read More »
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
Boeing projects strong growth for air cargo industry to 2043 Read More »
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
Avia Solutions Group places first order with Boeing Read More »
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
Boeing strike ends: workers win pay rise and bonuses Read More »
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.
LATAM Airlines strengthens fleet with new Boeing 787 order Read More »
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,
Joramco signs parts agreement with Boeing at MRO Europe 2024 Read More »
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).
Boeing reports US$17.8 billion revenue with significant Q3 losses Read More »
