Summit Notebook

Exclusive outtakes from industry leaders

Would you send a postcard of Boeing’s new Dreamliner?



For some fans, Boeing’s first test flight of its new 787 Dreamliner this week was apparently a virtual postcard.

The aerospace company says people sent about 25,000 postcards electronically of the lightweight commercial plane made primarily from carbon-based plastics and titanium.

About 1 million people logged in to watch the take-off and landing, observing the long-delayed first flight from about 13,000 cities and about 200 countries, the company says.

Dennis Muilenburg, chief executive officer of Boeing Defense Systems, watched from St. Louis — about 2,000 road miles from Seattle where the flight happened — in a Webcast meeting with about 100 employees who had a live feed from the event.

AUDIO – Cash is king


And for Boeing Co’s customers, saving cash is becoming increasingly important.

It’s long been one of the great mysteries of the defense game about whether companies that make a lot of the stuff used for defense and security, might be able to ratchet down their pricing when, economically at least, it was a rainy day.

Boeing may see benefit from strike as demand slows

An eight-week strike by machinist workers at commercial aircraft maker Boeing delayed production and may cut profit by hundreds of millions of dollars.
But a major aircraft leasing company in the Gulf Arab state of Kuwait – and a Boeing client – sees one possible benefit to the company.
A global industry downturn is forcing manufacturers to slow down growth plans and control capacity, Ahmad A. Alzabin, chairman of Kuwait-based Alafco Aviation Lease and Finance Co. told a Reuters summit.
“Probably with Boeing they’ve been somehow more fortunate with the strike that was going on for two months. This absorbed some of the excess capacity that had happened.”