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’Boeing to take $1bn hit on 747-8
Boeing will take a $1bn charge in the third quarter on its 747-8 programme – the updated and stretched version of its 747 jumbo – making it the second high-profile new aircraft project to hurt the US group’s profitability in recent months.
Boeing warns on Dreamliner losses
Airbus rival Boeing’s troubled 787 Dreamliner looks unlikely to make a profit for at least two years after its first delivery, as the aircraft-maker warned on Wednesday that the programme could make a loss in its initial stages.
On aerospace over-supply
The Paris Air Show starts next week, on June 15, and is traditionally a chance for aircraft manufacturers to show off new wares while one-upping each other with aircraft order announcements. But with their major customers in turmoil,
The art of aircraft ordering
Like the Japanese sport of sumo wresting, the art of placing an aircraft order is about two things — timing and bulk.
United Airlines may have perfected both aspects. From the Wall Street Journal:
United Airlines has asked Boeing Co.
Erstwhile Dreamliners of RBS Aviation
On Monday, we mentioned RBS’s role in financing the purchase of Phenom aircraft for a new business jet operator.
Dublin-based RBS Aviation Capital leases and finances aircraft and engines, with ownership of 372 aircraft and loans secured against some 320 planes,
Aerospace mothballs
Ahead of Boeing’s results on April 22, we thought this chart might be instructive. Click to enlarge.
That’s the number of aircraft in temporary storage. The increase in late 2008/early 2009 is startling — and much worse than in the previous down cycle,
Aerospace datapoint du jour
From Ryanair’s third-quarter results. (FT Alphaville’s calculations).
Proceeds from sales of Boeing 737-800 in Q3 2008 – €26.5m each. (Five aircraft sold for roughly €132.6m)
Proceeds from sales of Boeing 737-800 in Q3 2009 – €21.2m each.
When customers get what they want: Aerospace edition
Boeing’s Vice President of Marketing came under a lot of flak for a post on his blog a few months back:
… some “white noise” can be desirable on an airplane, and even soothing (the difference, say, between the sound of a power saw in the background,
Airbus prepares to double vendor financing
Airbus is preparing to double the amount of vendor financing it offers to about €2bn next year to support commercial aircraft sales and maintain deliveries as its customers struggle to obtain funding from traditional sources such as banks and lessors.
Race set for $35bn US tanker deal
The US Department of Defense will this week re-launch the competition for a $35bn contract to provide aircraft refuelling tankers to the US Air Force as it publishes the final requirements for bids. A request for proposals could come Monday,
BA in landmark $8.2bn order for Airbus, Boeing
British Airways placed its biggest order for aircraft in a decade Thursday with a landmark move to buy both the Airbus A380 superjumbo and the Boeing 787 Dreamliner. The orders, valued at $8.2bn at list prices before heavy discounts,
US defence giants hunt for British targets
Boeing and Lockheed Martin are eyeing British defence companies worth more than £5bn in an attempt to win orders from the Ministry of Defence, reports the Times, without citing sources. The American defence giants are understood already to have independently approached,