Alwyn's Feed
Aug 30, 2015

Insight – Boeing uses its clout to control supplier consolidation

NEW YORK (Reuters) – Berkshire Hathaway Inc’s $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world’s biggest plane maker to┬áput a check on some deals.

Berkshire chief Warren Buffett isn’t alone in seeing potential for profits from rising demand for commercial aircraft. Private equity and strategic buyers have been pouring into the sector, and foreign companies such as China’s AVIC and Senior PLC of the UK have recently been prowling for deals, bankers and company executives said.

Aug 30, 2015

Boeing uses its clout to control supplier consolidation

NEW YORK, Aug 30 (Reuters) – Berkshire Hathaway Inc’s
$37 billion deal for aerospace supplier Precision
Castparts Corp is encouraging investors to consolidate
the fragmented aircraft components industry, even as Boeing Co
uses its clout as the world’s biggest plane maker to put
a check on some deals.

Berkshire chief Warren Buffett isn’t alone in seeing
potential for profits from rising demand for commercial
aircraft. Private equity and strategic buyers have been pouring
into the sector, and foreign companies such as China’s AVIC and
Senior PLC of the UK have recently been prowling for deals,
bankers and company executives said.

Aug 27, 2015

Boeing hits 777X jet milestone, says program on schedule

Aug 27 (Reuters) – Boeing Co said on Thursday it has
determined the basic design of its 777-9 jetliner, a key
milestone that suggests it is on schedule to deliver the first
of its new family of long-range 777X jets by 2020.

Development of the 777X, which includes the 777-9 and
smaller 777-8, comes as Boeing speeds up commercial aircraft
production to more than 76 a month by 2020 from 62 now, taking
output to the highest level in the company’s 100-year history.

Aug 19, 2015

Australia says French-led inspection of wing piece from MH370 complete

By Alwyn Scott

(Reuters) – An initial inspection of a wing piece from Malaysia Airlines flight MH370 is complete, Australian authorities said on Wednesday, raising expectations that new details about the jetliner that vanished in March 2014 could be released shortly.

“The French-led investigation team examining the flaperon has concluded the first phase of inspection work,” the Australian Transportation Safety Bureau said in web posting.

Aug 19, 2015

Australia completes initial inspection of wing piece from MH370

Aug 19 (Reuters) – An initial inspection of a wing piece
from Malaysia Airlines flight MH370 is complete, Australian
authorities said on Wednesday, raising expectations that new
details about the jetliner that vanished in March 2014 could be
released shortly.

“The French-led investigation team examining the flaperon
has concluded the first phase of inspection work,” the
Australian Transportation Safety Bureau said in web posting.

Aug 12, 2015

Boeing sees strong jetliner demand; focus on cost-cutting

NEW YORK (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) is still seeing strong demand for civilian aircraft and pressure to increase its production rates, despite concerns about slowing growth in China and several years of record aircraft orders.

“We’re not seeing a slowdown in demand,” Chief Financial Officer Greg Smith said at an investor conference on Wednesday hosted by investment bank Jefferies.

Jul 24, 2015

Insight – Boeing looks at pricey titanium in bid to stem 787 losses

SEATTLE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research), which loses about $30 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium.

The strong, lightweight alloy used extensively on the 787 costs seven times more than aluminium, and accounts for about $17 million of the cost of the $260 million plane, according to industry sources.

Jul 24, 2015

Boeing looks at pricey titanium in bid to stem 787 losses

SEATTLE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz), which loses about $30 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium.

The strong, lightweight alloy used extensively on the 787 costs seven times more than aluminum, and accounts for about $17 million of the cost of the $260 million plane, according to industry sources.

Jul 22, 2015

Boeing charge, deadline leave little margin for tanker error

NEW YORK (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) said on Wednesday it is pressing ahead with building aerial refueling tankers while conducting flight tests, raising concerns about costs that may arise as Boeing races to deliver the planes on a tight deadline.

The world’s biggest aircraft maker recently found problems with the fuel system of the KC-46 Pegasus tanker. Final go-ahead from the U.S. Air Force may not happen until April, leaving just 16 months before it must deliver the first 18 tankers, by August 2017.

Jul 22, 2015

Boeing profit beats estimates as plane deliveries surge

NEW YORK/BANGALORE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) topped earnings estimates and doubled its closely watched quarterly cash flow, partly offsetting a big charge for its aerial tanker program, sending its shares higher.

The world’s largest plane maker on Wednesday reported $2.6 billion in free cash flow in the second quarter, reversing an outflow in the first quarter that had worried investors, freeing up cash for Boeing to spend $2 billion buying back its own shares.