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Company Watch - Boeing.

Oct 30, 2006

Boeing announced that CIT Aerospace is the previously unidentified customer for five 787-8s scheduled for delivery beginning in 2012. Oct 27, 2006

Boeing machinists offered to buy commercial unit in 2003. In 2003, Boeing's machinists union teamed up with an investor and made an attempt to buy Boeing Commercial Airplanes. The idea died shortly after then-CEO Phil Condit was ousted in a defense procurement scandal. Oct 27, 2006

Boeing boosts research budget to keep 787 on track. Boeing says it is boosting research and development spending for its 787 program. The company wants to head off problems that could affect the plane's delivery schedule. Some suppliers are behind schedule, and the plane is currently over its target weight, according to media reports. Executives say the plane will be delivered as promised in May 2008. Oct 26, 2006

Connexion charges weigh on Boeing's earnings. Hurt by charges related to the closure of its Connexion inflight Internet service, Boeing reported a 31% drop in third-quarter net income to $694 million from $1.01 billion in the year-ago quarter. Oct 26, 2006

Boeing may report large jump in sales. Boeing may report its largest jump in sales in five years when it reports third-quarter profits Wednesday, analysts say. Deliveries of commercial jetliners increased 61% in the quarter. However, costs related to the termination of Boeing's in-flight Internet service will hurt profits. Oct 24, 2006

Boeing said it successfully opened and closed the 747-400 Large Cargo Freighter swing tail in testing in Everett, Wash. The aircraft will be used to move assembly components for the 787 around the world and the swing tail is designed to allow more efficient loading and unloading of large parts. Oct 24, 2006

Vintage bomber takes a tour of U.S. A Boeing B-17 bomber is on a national tour sponsored by the Experimental Aircraft Association. The World War II-era "Flying Fortress" recently visited Ellington Field near Houston for a two-day demonstration. The EAA spent a decade and $2 million restoring the Boeing-made plane. Oct 24, 2006

Boeing and Airbus are locked in a tight battle to expand their share of the fast-growing China market, which Boeing executives said was growing at over 10 percent annually for passenger traffic. Oct 24, 2006

Boeing could aim at the Bombardier CSeries' potential market after discontinuing its 717 jet earlier this year. There has been speculation that Bombardier's Brazilian rival, Embraer, is looking at an E200 Series that would target the same category. Bombardier could go ahead with the CSeries without locking in a major airline as launch customer. Oct 23, 2006

Delta to fly first 777-200LR. Delta Air Lines will become the first carrier to fly Boeing's 777-200LR in 2008. The plane is the world's longest-range commercial jetliner, and Delta will use it to expand across Asia and the Middle East. Oct 25, 2006

Shanghai Air May Order Airbus Jets. Chinese regional carrier Shanghai Airlines, a long-time customer of Boeing, may turn to Airbus as it expands its fleet, executives of the airline said on Tuesday. Oct 24, 2006

Delta Air Lines yesterday confirmed that it will be the US launch customer for the 777-200LR. It will take delivery of two of the type in early 2008, having converted two dash 200ERs it had on order from Boeing, according to a Delta spokesperson. "These aircraft will enable us to fly nonstop to ultra-long-distance destinations across Asia and the Middle East as we continue our international expansion," said Mel Fauscett, MD-fleet planning and acquisition. The aircraft will be powered by GE90 engines. Oct 25, 2006

Philippine Airlines will decide by year end whether to order eight widebodies from Boeing or Airbus, President Jaime Bautista told reporters last week. He said PAL is considering the A340-600 and 777-300ER as part of an expansion plan that includes an order for 20 (15 firm plus five option) A320 family aircraft from both the manufacturer and GECAS. It took delivery of the first aircraft from that order, an A319-100, last week. The aircraft features "a new coastal-themed interior design that calls to mind the country's picturesque coastline" and a "21st-century enhanced cabin that is the first for an Asian carrier," PAL said. The A319s have eight business-class seats and 126 in economy, while the A320s will have 12 in business and 144 in economy. PAL plans to take two more A319s this year, six A320s and one A319 next year and five A320s in 2008. Oct 23, 2006

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Oct 23, 2006
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Publication:Airguide Online
Date:Oct 30, 2006
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