Rob Stallard

Boeing Cuts 747 Output Rate as Demand Drops for Big Jets

Boeing Co. cut the production rate on the 747-8 jumbo jet, its biggest and most-expensive model, citing dwindling demand for the largest passenger planes and freighters.

Boeing Loses Qantas Order for 35 Dreamliners After Delays

Boeing Co. lost an order for 35 Dreamliners with a list price of $8.5 billion in the biggest 787 cancellation yet as Qantas Airways Ltd. scrapped a contract after delivery delays and losses on international routes.

China Eastern Replaces Boeing 787 Order With 737s Amid Delay, Slow Economy

China Eastern Airlines Corp. dropped an order for 24 Boeing Co. 787 Dreamliners in favor of 45 smaller 737s after the larger jet’s delivery was delayed and a weakening economy hurt demand for long-haul air travel.

Boeing Tops Earnings Estimate, Pegs 787 Profit to 1,100 Jets

Boeing Co. topped profit estimates for the quarter when it delivered the first 787 Dreamliner and said the new model’s production costs will be spread over 1,100 planes, matching analysts’ projections.

Boeing Misses 2011 Delivery Target on 787 Delays as Airbus Beats Its Goal

Boeing Co. missed its aircraft delivery target in 2011 after shipping fewer 787 Dreamliners and 747-8 jumbo jets to customers than planned, while larger rival Airbus SAS topped its own higher goal.

ILFC Will Order 100 Airbus Planes, 33 Boeing 737s Valued at $11.8 Billion

American International Group Inc. ’s jet-leasing unit said it will buy 100 Airbus SAS aircraft and 33 Boeing Co . 737s, $11.8 billion in planes at list prices, as airlines refresh their fleets amid rising travel demand.

Boeing May Take Fourth 747-8 Charge as Analysts See Next Delay

Boeing Co. , whose engineers are redesigning a part on the new 747-8 jumbo jet, may announce a fourth financial charge for the aircraft and another delay that could make it almost two years late.

Boeing Sees Hurdles Next Year After 2012 Forecast Boosts

Boeing Co., which has boosted its 2012 profit forecast three times as commercial and military aircraft sales rose, said it expects challenges next year that include a tougher defense market and higher pension expense.

Spirit Posts $590 Million Charge as New Jets Tax Output

Spirit Aerosystems Holdings Inc. dropped the most in four years after recording $590 million in charges as it struggled to develop and build parts for multiple new jets, including Boeing Co.’s Dreamliner, at the same time.

Boeing 2012 Profit Forecast Is Smaller Than Estimates on Pensions, Defense

Boeing Co. forecast a smaller 2012 profit than analysts estimated, dragged down by rising pension expenses and declining U.S. defense spending, as the planemaker works to boost commercial production to a record.

"Boeing has noted soft demand in the freighter market for some time, and if there is no pick up in orders we could see further cuts to the 747- 8 production rate."

- Rob Stallard on Apr 19, 2013

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