Company Watch - Boeing.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 31, 2006 EU says U.S. tries to unfairly influence subsidy talks. EU officials say the U.S. is trying to tilt possible talks over aircraft subsidies too heavily in Boeing's favor. The U.S. and the EU brought the dispute to the World Trade Organization in 2005 but both say they would prefer a negotiated agreement. European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community trade chief Peter Mandelson The Rt Hon. Peter Benjamin Mandelson (born 21 October 1953) is the current British Commissioner of the European Union for Trade. Before taking this post, he was a British Labour politician, and served as Member of Parliament for Hartlepool for twelve years. said the United States was trying to give Boeing too great an advantage in possible talks to resolve a row with European plane maker Airbus over state subsidies. Jul 25, 2006 Boeing said design enhancements that increase the short-field performance of the 737NG earned US FAA certification this week after a four-month test program. The improvements allow carriers to fly increased payload at airports with runways shorter than 5,000 ft. and include a two-position tail skid that reduces approach speeds, sealed leading-edge slats for lift and increased spoiler spoiler: see airplane. 1. spoiler - A remark which reveals important plot elements from books or movies, thus denying the reader (of the article) the proper suspense when reading the book or watching the movie. 2. deflection on the ground. The features are standard on the dash 900ER and optional on the dash 600, dash 700 and dash 800. Gol is the launch customer for the short-field performance package. Other operators who have placed orders are Alaska Airlines, Air Europe, Air India, EgyptAir, GECAS GECAS General Electric Commercial Aviation Services , Hapagfly, Japan Airlines, Pegasus Airlines, Sky Airlines and Turkish Airlines. EASA EASA European Aviation Safety Agency EASA European Advertising Standards Alliance (Brussels, Belgium) EASA European Association of Social Anthropologists EASA European Architecture Students Assembly EASA European Academic Software Award certification is expected soon, the manufacturer said. Jul 28, 2006 Boeing signed Liebherr-Aerospace Toulouse SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. to supply the environmental control system for the 747-8. Jul 28, 2006 Boeing reports big second-quarter loss on one-time charges. Boeing reported a second-quarter net loss of $160 million, a significant decline from net income of $532 million a year ago owing to more than $1 billion in one-time charges related to delays in its Airborne Early Warning The detection of enemy air or surface units by radar or other equipment carried in an airborne vehicle, and the transmitting of a warning to friendly units. Also called AEW. & Control surveillance program and a previously announced settlement with the US Justice Dept. in two criminal cases.The company stressed that its outlook is strong, pointing to robust sales in its Commercial Airplanes business, which enjoyed record orders last year and has booked 487 gross orders so far in 2006. "This quarter's charges overshadowed certain solid fundamentals that reflect our commitment to providing exceptional value for all stakeholders," Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jim McNerney said. Revenues for the second quarter rose 2% year-over-year to $15 billion. Operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. was $48 million, a major decline from operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before of $818 million in the year-ago period. Jul 27, 2006 Boeing Commercial Airplanes Boeing Commercial Airplanes is a unit of The Boeing Company, based in Renton, Washington consisting of the Seattle-based former Boeing Airplane Company (the civil airliner division), as well as the Long Beach-based Douglas Aircraft division of the former McDonnell Douglas unit posted $719 million in operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. for the quarter, 51.4% above $475 million last year, on a 10% jump in revenues to $7.11 billion. The manufacturer delivered 97 commercial aircraft in the quarter, 14% more than the 85 delivered in the 2005 period. Contractual backlog rose to $142 billion as it booked 311 gross orders. For the six months ended June 30, Boeing recorded net income of $532 million, a 52% decline from net income of $1.1 billion in the year-ago period, on a 7% rise in revenues to $29.3 billion. Jul 27, 2006 Boeing reaffirmed its bullish air cargo forecast this week, projecting that the world freighter fleet will nearly double from 1,789 to 3,563 by 2025. Factoring in retirements, it estimates 2,983 freighters will be added to the global commercial fleet over the next 20 years. Some 62% of those additions will be widebodies. Jul 27, 2006 Boeing Reports Loss After Government Settlement. Boeing on Wednesday reported a quarterly loss as it took USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $1.1 billion of previously announced charges to settle government investigations into its defense unit and to cover the costs of delayed surveillance aircraft. Jul 26, 2006 Boeing to close Anaheim plant, but says no layoffs planned. Boeing will close its space and defense plant in Anaheim, Calif., and move its 3,000 workers to Huntington Beach, Calif., by the end of the decade. The company does not plan to lay off any workers at this time, a spokeswoman said. Jul 24, 2006 Volunteers restoring historic B-29. Volunteers are restoring a B-29 Superfortress inside a Boeing hangar in Wichita and hope to return the plane to flying condition. The bomber will be put on display for the public in September. Jul 24, 2006 EVA Air took delivery of its third 777-300ER, which will seat 316 passengers. Jul 26, 2006 SkyEurope took delivery of its fifth 737-700 last month. It will be based in Krakow. Jul 25, 2006 Boeing celebrated the delivery of its 2,000th 737NG, a dash 700 for Southwest Airlines. The 737NG has been in service since 1998. Jul 27, 2006 FedEx plane goes off Louisville runway. A FedEx Corp. cargo plane veered off a Louisville (Ky.) International Airport runway today after the pilot aborted the takeoff. No one was hurt, and no damage occurred. An FAA official says it is unclear why the Boeing 727, bound for Memphis, Tenn., went off the runway. Jul 27, 2006 Singapore Airlines has ordered Boeing planes worth USD$4.5 billion, and then followed up with a surprise USD$7.5 billion order for Airbus earlier this month. The airline learnt last month that deliveries of the new Airbus A380 superjumbo, which Singapore Air hopes to fly at the end of this year, will be at least six months late. Jul 28, 2006 |
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