Alwyn's Feed
Oct 30, 2015

Boeing likely to match Airbus on single-aisle output: source

SEATTLE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) is likely to broadly match European rival Airbus SA (AIR.PA: Quote, Profile, Research, Stock Buzz) in notching up production of single-aisle aircraft to 60 a month, but the timing of Boeing’s move remains uncertain, according to a person familiar with the situation.

Airbus said on Friday it would lift monthly output of its top-selling A320 to 60 in mid-2019, a 20 percent jump over its prior target of 50, and a move seen pressuring Boeing to match with its competing 737 jetliner.

Oct 28, 2015

General Electric to spend $200 million on two factories for jet engine parts

By Alwyn Scott

(Reuters) – General Electric Co (GE.N: Quote, Profile, Research) said on Wednesday it will spend more than $200 million (130 million pounds) to build two factories in Alabama to expand its capacity to make high strength materials for jet engines and power plant turbines.

The plants in Huntsville will produce silicon-carbon ceramic materials for LEAP engines on thousands of single-aisle Boeing (BA.N: Quote, Profile, Research) and Airbus (AIR.PA: Quote, Profile, Research) jetliners sold for delivery over the next decade. The LEAP engine was developed by CFM International, a joint venture between GE and France’s Snecma (Safran) (SAF.PA: Quote, Profile, Research).

Oct 28, 2015

GE to spend $200 million on two factories for jet engine parts

By Alwyn Scott

(Reuters) – General Electric Co said on Wednesday it will spend more than $200 million to build two factories in Alabama to expand its capacity to make high strength materials for jet engines and power plant turbines.

The plants in Huntsville will produce silicon-carbon ceramic materials for LEAP engines on thousands of single-aisle Boeing and Airbus jetliners sold for delivery over the next decade. The LEAP engine was developed by CFM International, a joint venture between GE and France’s Snecma (Safran) .

Oct 27, 2015

Spirit AeroSystems sees modest impact if Boeing cuts 777 rate

Oct 27 (Reuters) – Spirit AeroSystems Holdings Inc
would feel only a modest impact if Boeing Co cut
production rates of its 777 mini-jumbo jetliner, Chief Executive
Larry Lawson said on Tuesday.

Boeing said last week that it was considering scenarios for
cutting 777 production to as few as 7 a month from 8.3 as it
shifts to the successor jet, the 777X.

Oct 21, 2015

Boeing lifts 2015 outlook as profit jumps 25 percent

By Alwyn Scott and Ankit Ajmera

(Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) reported a 25 percent rise in quarterly profit and lifted its financial guidance for the year, as a rise in commercial aircraft deliveries boosted revenue.

The world’s largest plane maker notched up its forecast for jet deliveries for the year to between 755 and 760, from 750 to 755, and said it now expects core earnings of between $7.95 and $8.15 per share, up from $7.70 to $7.90 a share previously.

Oct 16, 2015

United CEO suffers heart attack, shares drop even lower

By Jeffrey Dastin and Alwyn Scott

(Reuters) – United Continental Holdings Inc’s (UAL.N: Quote, Profile, Research, Stock Buzz) new chief executive has suffered a heart attack, a person familiar with the matter said on Friday, barely a month after he took on the job of improving the airline’s profitability and reputation.

The board at United – the No. 2 U.S. carrier by capacity – was informed “promptly” after Oscar Munoz was taken to hospital, the person said.

Oct 16, 2015

Delta CEO warning prompts questions about Boeing 777 production levels

NEW YORK/PARIS (Reuters) – An airline’s warning of a “bubble” in the market for used jetliners shows how vulnerable Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) may be because of slowing sales of its widebody 777 jets, and fueled speculation that it may have to cut the plane’s production rate.

Delta Air Lines Inc (DAL.N: Quote, Profile, Research, Stock Buzz) CEO Richard Anderson said on Wednesday he expects prices for used twin-aisle jets to fall, and that the weakness will spread to single-aisle planes, presenting airlines with “some huge buying opportunities.”

Oct 16, 2015

Analysis – Delta CEO warning prompts questions about Boeing 777 production levels

NEW YORK/PARIS (Reuters) – An airline’s warning of a “bubble” in the market for used jetliners shows how vulnerable Boeing Co (BA.N: Quote, Profile, Research) may be because of slowing sales of its widebody 777 jets, and fuelled speculation that it may have to cut the plane’s production rate.

Delta Air Lines Inc (DAL.N: Quote, Profile, Research) CEO Richard Anderson said on Wednesday he expects prices for used twin-aisle jets to fall, and that the weakness will spread to single-aisle planes, presenting airlines with “some huge buying opportunities.”

Oct 13, 2015

Airbus likely to increase production in Mobile, mayor says

NEW YORK (Reuters) – Airbus Group SA (AIR.PA: Quote, Profile, Research, Stock Buzz) is likely to increase aircraft output at its Mobile, Alabama, factory beyond its current four-a-month target, the mayor of the Southern U.S. city said on Tuesday.

Airbus has said it could produce up to eight single-aisle jetliners a month at the plant, which opened last month, an increase that would help Airbus work through its large backlog of orders, Mayor Sandy Stimpson said in an interview.

Oct 8, 2015

Boeing won 182 jetliner orders in 3rd qtr, delivered 580 since Jan. 1

NEW YORK, Oct 8 (Reuters) – Boeing Co booked 182
commercial aircraft orders in the third quarter and delivered a
record 580 planes from January through September, putting it on
track to easily hit its delivery target for the year and keep
its title as the world’s biggest plane maker.

However, Boeing’s order tally, released Thursday, remained
far below that of arch rival Airbus Group. Boeing has
booked 507 orders this year, compared with 875 for Airbus. After
cancellations, Boeing had 447 net orders for the first nine
months, compared with 815 for Airbus.