United States president-elect Donald Trump has called for the scrapping of multi-billion dollar plans for Boeing to build a new Air Force One. In a tweet to followers he branded the cost of the project “ridiculous and totally out of control”. Boeing shares immediately dropped one per cent following the comments. The US government signed a deal with Boeing earlier this year to build a new aircraft to fly the president once the current one reaches the end of its service life.
Boeing has rejected a World Trade Organisation claim that it received illegal subsidies for its 777X manufacture programme. In response to the ruling, Boeing argued the WTO had rejected virtually all of the European Union’s challenges to the Washington state tax incentives. On Monday the World Trade Organisation ruled a tax break from Washington state to help Boeing develop its new 777X jetliner was a prohibited subsidy.
Boeing chairman Dennis Muilenburg has named Kevin McAllister president and chief executive of Boeing Commercial Airplanes, succeeding company vice chairman Ray Conner in the role. Muilenburg also appointed Stanley Deal president and chief executive of Boeing Global Services, a new business unit to be formed from the customer services groups within the company’s existing commercial airplanes and defence, space and security business units.
Oman Air has received a new Boeing 737- 800. This was the sixth brand new Boeing 737-800 joining the young Oman Air fleet this year as part of the airline’s expansion plan. The national carrier of the Sultanate of Oman Air has operated B737s for many years and the aircraft provide the backbone of the airline’s long and medium haul fleet.
In line with its vision to offer a superior passenger experience and improve environmental performance through a modern and state of the art wide-body aircraft fleet, Emirates has retired the last Airbus A330 and A340 aircraft in its fleet from active service. This makes Emirates the first and only airline in the world to operate a fleet of all Airbus A380 and Boeing 777 aircraft for its passenger flights.
Boeing and Intrepid Aviation have marked the delivery of Intrepid’s first direct ordered Boeing airplane, a 777-300ER that will be leased and operated by Philippine Airlines. This airplane is the first of four 777-300ERs ordered by Intrepid. Philippine Airlines plans to use the new airplane primarily on routes to North America.
Lufthansa has said goodbye to its Boeing 737 fleet after 48 years. A B737-300, with registration D-ABEC (“Karlsruhe”), flew from Frankfurt to Hamburg on special flight LH9922, where Lufthansa bid farewell to its B737 fleet during a joint event with Lufthansa Technik. After a special ceremony, captain and fleet commander Ulrich Pade and his crew flew back to Frankfurt with a group of media representatives as well as a number of employees on board.
Boeing and UPS have announced an order for 14 747-8 Freighters. The agreement also includes an option to purchase an additional 14 of the cargo airplanes. “These aircraft are a strategic investment for increased capacity for UPS customers around the globe,” said Brendan Canavan, president, UPS Airlines.
Boeing has reported third-quarter GAAP earnings per share of $3.60 and core earnings per share of $3.51. The figures reflect the overall solid execution on production programs and services, favourable tax items ($0.98 per share), and timing of aircraft deliveries. At the same time, revenue guidance has been increased $500 million to between $93.5 and $95.5 billion on higher commercial deliveries.
Boeing and Swiss International Air Lines have confirmed a new order for one 777-300ER (Extended Range), valued at $339.6 million at list prices. The Swiss airline had previously ordered nine 777s and taken delivery of six this year as it continues to establish the 777-300ER as its flagship.
The Boeing board of directors has elected Robert Bradway as a new member. Bradway, 53, is chairman and chief executive of Amgen, one of the world’s leading biotechnology companies. He joined Amgen in 2006 and has served the company in senior finance and operations strategy roles, including chief financial officer and chief operating officer.
Boeing has formally opened a new composite centre on its St. Louis campus that will house the company’s largest commercial aviation work statement ever placed at the site. The centre is a visible representation of the company’s efforts to diversify and grow its St. Louis-area operations. The 424,000-square-foot facility will initially build composite parts for the company’s newest commercial jetliner, the 777X.