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  • #16
    Boeing 727-022

    Manufacturer: The Boeing Company
    Model: 727-022
    Year: 1963
    Span: 32.9184m / 108ft
    Length: 40.5902m / 133ft
    Height: 10.3632m / 34ft
    Wing Area: 153.285m² / 1,650ft²
    Empty Weight: 36561.1kg / 80,602lbs
    Gross Weight: 72576kg / 160,000lbs
    Maximum Speed: 1016.89km/h
    Cruise Speed: 958.964km/h / 596mph
    Power Plant: Three Pratt & Whitney JT8D-1 engines
    Range: 5518.87km / 3,430miles
    Serial Number: 18293
    Registration: N7001U

    Boeing 727-022
    One of the world's classic airliners, the Boeing 727 was developed to provide economic low-altitude, high-speed cruising capability. From the time it was first flown, in February of 1963, until production ended in 1984, a total of 1,832 had rolled off factory lines and had seen service with more than 100 different airlines.
    The Museum's airplane was the first 727 ever produced. Following the conclusion of Boeing's flight-test program, it entered regular passenger service with United Airlines. It is currently undergoing restoration at the Museum's Restoration Center in Everett, Washington.



    • #17
      It's hard to believe these airplanes used to be as common as 737s and A320s are nowadays. Common to the point of boredom - and that is no exaggeration. They seemed to suddenly vanish from the skies after 911. I really miss flying on them: the spool up before takeoff was incredible.. and the way the wings would open all the way up like an accordion on landing.. followed by some of the hardest landings I've ever experienced. A couple of times as a kid we deplaned through the aft airstair. Walking out under the engines was like being under a giant heat lamp. I have a vivid memory of looking up and staring at the grates in the exhaust.


      • fleetlordatvar
        fleetlordatvar commented
        Editing a comment
        i never had a chance. I only started to fly after 1992, but never on a 727. My memories are of the 747 & A320s

      • JAL1628
        JAL1628 commented
        Editing a comment
        The last one I saw flying was in 2004 or thereabouts.. I was walking down Mill Ave in Tempe, AZ and my eardrums where assaulted by this unusually harsh white noise.. I instinctively looked up in time to catch an all white 727 streaking into Sky Harbor. Custom Air Transport, I believe. I've seen 727s a few times since - parked at remote aprons but never again flying. Come to think of it I never see 727 spares parts requirements at work either.

      • fleetlordatvar
        fleetlordatvar commented
        Editing a comment
        planes have a similar characteristic as water. Feels good, looks great, but really LOUD & noisy!

    • #18
      Boeing beavers away on 787-10 Dreamliner

      By David Flynn Filed under: Boeing 787 Dreamliner
      • published 23 Jul, 2014
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      Boeing has only just delivered its first 787-9 to launch customer Air New Zealand but the aircraft manufacturer has already begun detailed design work on the final member of the Dreamliner family, the 787-10, ahead of first flights in 2017.
      And the aircraft manufacturer is hoping for a 'dream run' in scaling up the 787-10, which will be longer against than the stretched 787-9 in order to carry around 320 passengers depending on how airlines configure the next-gen jet.
      "The -10 is a much much simpler program" than its predecessors says Mark Jenks, Boeing's vice president for 787 Development.
      "When you look at all the learnings we had on the -8, all the improvements and new technology we've put on the -9, that was a very big job" Jenks told Australian Business Traveller during the delivery flight of the world's first Boeing 787-9 from Seattle to Auckland for launch customer Air New Zealand.
      "The -10 is very different" Jenks said. "We've had a team doing the up-front work on the 787-10 for the better part of a year now, it's very simple stretch and very low risk."
      It's so low-risk that while first 787-10 test flights are slated for 2017 ahead of delivery to its launch customer in 2018, this Dreamliner could achieve something few all-new airplane types have ever done, and be delivered ahead of schedule, Jenks admitted.
      "From an engineering perspective and a design perspective, we could do it sooner."
      "The timing is is really driven by making sure that we can very smoothly introduce and integrate the -10 into the 787 production system because we will be at high (production) rates by then."
      Boeing is currently pushing 10 of the 787-8 and 787-9 variants out the door each month, across three assembly lines, with the goal of taking this to 14 airplanes per month by the end of the decade.
      The 787-10's dance card already lists 132 orders, however Boeing has yet to reveal which airline will take the prestigious mantle of being the 787-10's global launch customer.
      Although Singapore Airlines was the first airline to commit to the largest Dreamliner, signing up for 30 of the jets at a list price of US$289 million (A$308 million) each, Etihad Airways has placed an equal order alongside its order of 41 of the 787-9s.
      Last edited by fleetlordatvar; 07-30-2014, 04:06 PM.


      • #19
        First Boeing 747 finally returning to glory


        Published 5:58 pm, Thursday, July 24, 2014

        1 of 41

        Technicians work to restore the interior and exterior of the original Boeing 747 prototype following decades of outdoor service and display since its maiden flight in 1969, photographed here on Thursday, July 24, 2014, at The Museum of Flight in Seattle, Wash. It was the first 747 ever built, complete with the serial number of 001. The MOF expects the process to be complete by the end of the summer, and the aircraft will remain on exhibit in the Museum Airpark during the process. Photo: JORDAN STEAD, SEATTLEPI.COM



        • #20
          Turkish wrestle over future of 747-8 makes headlines again

          Ben Sandilands | Jul 26, 2014 2:23PM | EMAIL | PRINT

          Lufthansa's 747-8 Intercontinental is one of flight's limited edition experiences

          Turkish Airlines might just rescue the slow selling 747-8 Intercontinental from a production shutdown of what is the last and largest passenger version of the iconic wide body airliner.
          As reported by Bloomberg, it’s turkish wrestling time again between the Airbus A380 and the smaller and shorter ranged Boeing, and the capacity crunch faced by the airline is getting worse and needs to be dealt with soon by replacing smaller jets in its longer haul services with larger ones.
          So far we’ve been spared the spectacle of oil covered Airbus and Boeing sales persons grappling with each other’s trousers in a manner which would be illegal in Queensland. Although this would be more entertaining than more charts showing that each jet is indisputedly twice as efficient as the other (and presumably from the Boeing corner, showing why most of the world’s airlines are hopelessly misguided in choosing the French abomination although not when they buy 777s instead, which is the model that probably did more to put the 748 on life support than the A380.)
          The point is that Turkish is going to place an order. Soon. It really is.

          The growth of Turkish Airlines, in keeping with the remarkably good fortunes of the Turkish economy in recent times, is something that is taken seriously by the Gulf carriers Emirates, Etihad and Qatar. It’s true that Turkey is a few hours too far from east coast Australia to seriously become a one-stop to anywhere in Europe alternative from here, but as far as Asia is concerned, the growth of the Turkish Airways brand in the cities where it already flys high frequency single aisle schedules gives it real market power and the potential for much more.
          It also claims a cost base sufficiently competitive to keep Ryanair, easyJet and similar LCC competitors in their place, or more to the point, out of its face. So far.

          Why is the 747-8 in the hunt? The cycnical answer would be to drive down the price Airbus is asking for the more capable A380. But the 747-8 could do to the A380 what Airbus intends the A330neo to do to the 787, that is, offer a much less costly capacity solution than the big Airbus, although maybe not, depending on how Airbus comes to the table.

          Boeing needs another significant 748-I order, with 51 sales listed as of today, including the 20 that Lufthansa ordered to launch the offering in 2006. This makes it the slowest selling subsonic passenger jet of more than 100 seats since the Dassault Mercure. It could even do with more 748-F freighter orders, but that’s a separate story. But while Airbus is very keen to sell more A380s, Boeing might be able to deliver 748-Is much sooner. And more cheaply.

          The 748-I was cactus in the Australian market as soon as Boeing adjusted its range payload capabilities to suit launch customer Lufthansa’s unique needs. The 747-8 works very well according to the German flag carrier, on trans North Atlantic routes for those cities that don’t quite need an A380 sized machine, because even though the Boeing design is longer than the big Airbus, it is narrower and doesn’t feature a full length upper deck. However it was never considered seriously by Qantas as a suitable trans Pacific non-stop both-ways jet.

          The last passenger version of the 747 would also have been better served by having Boeing design all of it, rather than outsourcing crucial elements of the wing to Russia, causing ‘problems.’ It would also have benefited if engineering resources weren’t taken from the project to deal with 787 issues. In short, the 747-8 needed a very different management commitment than it received, as Boeing has conceded somewhat tersely at various times in recent years.
          It’s fair to suggest that if Turkish comes to the 748′s rescue it won’t fly it to Australia. The best chance of seeing this graceful reminder of the glorious past turn up in passenger service in this country sits with Korean Air. Korean has 10 on order, and flies 747-400s to Sydney at present. The only other airline remotely likely to fly one here is Air China with five to be delivered.

          However there are nine 748s on order as BBJs or Boeing Business Jets, and it has been suggested as a possible replacement for the US Presidential jet. Be assured, the Canberra press gallery would love to see two of them replace the current 737 based BBjs used by the PM. In their collective and individual dreams.


          • #21
            A first since 1979: Boeing to trade plane parts with Iran

            Published July 28th, 2014 - 03:47 GMT via

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            Boeing also reported it had discussions with the flag carrier's subsidiary, Iran Air Tours, on the potential sale of similar goods and services.

            More > Washington
            , Tehran
            , General Electric
            , Boeing
            , Iran Air
            , Iran Air Tours
            , US government
            , US Treasury Department

            Boeing has struck a deal with Iran Air to provide plane parts, the first time the US firm will be doing business with Iran since the US embargo of 1979.
            According to a regulatory filing published Wednesday, Boeing will supply goods and services "related to the safety of flight" to Iran Air, the country's flag carrier.
            The filing says that the agreement, reached in the second quarter, includes the provision of airplane parts, manuals, navigation charts and data to the airline, in line with the US company's recommendations to customers for such things as an aircraft modification, a parts replacement or inspection.
            Boeing also reported it had discussions with the flag carrier's subsidiary, Iran Air Tours, on the potential sale of similar goods and services.
            In April, the US government issued a license allowing Boeing, for a "limited period of time," to provide "spare parts that are for safety purposes" to Iran. Boeing is still not allowed to sell new planes to Iran.
            The license was granted by the US Treasury Department in the context of an interim deal between world powers and Iran over its nuclear program signed in November.
            In late February, another US company, General Electric, indicated it had requested permission to sell spare airliner parts to Iran.
            Washington severed diplomatic relations with Iran in the aftermath of the 1979 Islamic revolution.
            The United States and European nations have imposed severe economic sanctions on Iran in recent years aiming to pressure Tehran to dramatically reduce its nuclear program for a lengthy period of time to keep it from developing nuclear weapons.
            Iran has steadfastly insisted its nuclear program is for civilian purposes.



            • #22
              Boeing Delivers 500th 777-300ER

              By Jack Harty July 29, 2014

              By Jack Harty / Published July 29, 2014
              Photo courtesy of Randy Tinseth /

              2014 has been a year of milestone deliveries for Boeing. It celebrated its 1,500th 747 delivery, its 8,000th 737, and 20th anniversary of the 777 first flight.
              Today, Boeing celebrated another milestone–it delivered the 500th Boeing 777-300ER to Emirates.
              The 777-300ER (“ER” for Extended Range) was designed to fly more efficiently and farther than the -300. It can fly approximately 34% further than the -300 with a full load of cargo and passengers.
              The first 777-300ER was rolled out on November 21, 2002, and the first aircraft was delivered to Air France on April 29, 2004.
              Since its first delivery, it has quickly become the best-selling 777 variant. In 2010 the -300ER surpassed the -200ER in orders in 2010, and it surpassed the number of -200ER deliveries in 2013.
              Currently, more than 30 airlines operate 500 -300ERs around the world, and Boeing still has more than 200 orders to fill.
              The milestone delivery comes almost two months and 20 years after the first Boeing 777 took to the skies.
              RELATED: Boeing 777: 20th Anniversary of Flight
              You can read Randy Tinseth’s, vice president, marketing for Boeing Commercial Airplanes in Seattle, thoughts on the significant delivery on his blog here.

              Contact the author at
              Cover photo courtesy of Randy Tinseth /
              You may also like:

              -300 -300ER 777 777-300ER Air France Boeing Emirates



              • #23
                End of an era: Boeing in final stages of leaving Wichita
                • By Molly McMillin
                • The Wichita Eagle
                • Published Tuesday, July 29, 2014, at 5:43 p.m.
                • Updated Tuesday, July 29, 2014, at 9:36 p.m.

                « 1 of 1
                • Jaime Green/ File photo
                  An E-4B leaves Boeing Wichita on its way to its final destination at Offutt Air Force Base in Nebraska. The E-4B was the final aircraft to undergo maintenance at Boeing Wichita. (May 29, 2014)

                Boeing’s massive auction last week of thousands of items in three hangar bays was one of the final steps in closing the Wichita site and ending its more than 85-year history here.
                The final Air Force jet to receive maintenance at Boeing Wichita, an E-4B, flew out in June. Since then, a small crew has been working to tie up loose ends.
                Much of that will be finished by the end of this week, the company said. A small crew will stay on to maintain the sprawling facilities until the Boeing property is sold.
                The bulk of Boeing Wichita’s work has moved to Oklahoma City, San Antonio and the Seattle area. Most of its 2,100 Wichita employees are gone. They have moved with Boeing, have been laid off or have retired.

                Russ Pickering worked at Boeing Wichita for 12 years.
                “When Boeing first said they were going to leave, it made me angry,” Pickering said. “But once I thought it over, it made me sad. It provided for my family. … I saw us build some great things.”

                Over the years, Boeing has done a lot for the community, he said. It provided a significant payroll and supported many service projects, said Pickering, who is retired.

                Boeing’s closing in Wichita is the end of an era.
                “I don’t know what the good Lord’s got planned,” Pickering said. “But it’s about over.”
                A long history

                Boeing has been a key employer in Wichita since 1927. At one time, it employed as many as 40,000 people, and for decades, it was the state’s largest private employer.

                The site was a vital center of military production during World War II, building trainers and the B-29 Superfortress, and helping the city become known as the Air Capital of the World.

                From 1927 to 1962, Boeing Wichita produced 15,000 aircraft and delivered more than 4,000 modified airplanes, the company said. Over the years, it built parts of every Boeing commercial jet and maintained and modified military aircraft, including Air Force One.

                In 2005, Boeing shuttered the commercial aircraft division, the largest portion of its Wichita operation, which became Spirit AeroSystems. It still retained its military work at the site.

                In January 2012, Boeing announced it was closing its Wichita facilities altogether and moving engineering work and program management to Oklahoma City, maintenance work to San Antonio and tanker work to the Puget Sound area in Washington state.
                It put its sprawling site at Oliver and 47th South up for sale. Aviation sources say a sale may be getting close.
                The decision to close was made as military programs at the plant matured, came to a close or were winding down with few prospects for new work.
                “We were looking at our business and where we saw defense budgets moving … and concluded that the scale of the operation in comparison to the work statement was inconsistent,” said Scott Strode, vice president and general manager of maintenance, modifications and upgrades for Boeing’s Global Services and Support division. “It drove affordability issues for the future, and we had to take the actions to remain competitive.”
                With Boeing’s long history in Wichita and because it affected so many lives, “it is a decision we didn’t take lightly,” Strode said.
                ‘Really sad’

                Joe Mitchem, a maintenance mechanic, worked for Boeing Wichita for 36 years before he said he was laid off a month ago.

                Of the seven members in his family, six have worked for Boeing Wichita, including himself, his mother, father, a sister and two brothers.
                “It’s pretty unbelievable, and it’s really sad,” Mitchem said of the closing.

                “I saw a lot of airplanes come through here,” Mitchem said last week inside a hangar that once held airplanes but was the site of the auction of Boeing equipment.

                Preparing the site for closure has been difficult, he said. He helped shipped some of the equipment to other sites.
                “It was emotionally tough kicking it all out the door,” Mitchem said.
                With the auction, “everything is gone,” Mitchem said.
                “It’s the end of an era,” he said. “Somebody will probably move back in here, but you don’t know who or what.”
                Community impact

                With the closing, Boeing loaded 15 to 20 semitrailers with office supplies, chairs, tables, pencils, refrigerators and microwaves to give to charity groups, said one employee. It gave two loads of office supplies to Topeka schools that serve low-income students, he said.

                Boeing has had a long history in Wichita and “probably can claim some involvement in every … initiative or philanthropic effort in this community for most of the last century,” said Gary Plummer, president and CEO of the Wichita Area Chamber of Commerce. “They’ve had a huge impact on our community.”
                Boeing has been engaged with the chamber in areas such as economic development, Young Professionals of Wichita and in a variety of sponsorships, Plummer said.

                Despite its closing, Boeing will still have a presence and an impact on Wichita, he said, through its large base of area suppliers.
                “Based on that, I hope that Boeing will always maintain a community relationship,” he said. “We’ve certainly seen that thus far at the chamber.”
                There’s no question that Boeing played a significant role in the nonprofit community, said Pat Hanrahan, president of the United Way of the Plains. He said Boeing supported a host of nonprofit and service efforts.

                “Boeing used to give us, for example, four full-time (loaned executives) for the entire length of the campaign,” Hanrahan said. “They were going out and helping us make calls. It’s hard to make a value to that, other than it’s significant.”
                In 2004, before the commercial aircraft division was spun off into Spirit AeroSystems, combined employee and corporate giving to United Way totaled $3.65 million.

                During United Way’s annual campaigns, “I can remember campaigning on all three shifts” at Boeing, he said. “I was out there at 2 a.m., because they were just as busy (then) as they were at 8 a.m.”

                Boeing had a corporate culture that encouraged employees to serve on committees and boards of local nonprofits, he said. They coached youth sports teams and volunteered their time in many ways.

                Spirit AeroSystems also is a good corporate citizen, he said, but it’s a relatively new and growing company.
                “Boeing was a very mature company, and it took years to build many of the programs they had in place,” he said.
                United Way won’t feel a direct impact from the Boeing closure when comparing last year’s campaign to this one, Hanrahan said.
                “But compared to the last 10 or 20 years, it’s significant,” he said.

                Losing about 2,000 jobs, the number of employees Boeing had when the closure was announced, is not a small thing for the community, Plummer said.
                “Certainly, it should only reinforce our desire to try to create jobs in the area,” he said.


                • #24
                  Boeing Leads Airbus In The Race For New Commercial Airplane Orders In 2014

                  Trefis Team , Contributor
                  Comment Now

                  Boeing is leading its European competitor, Airbus, in the race for new commercial airplane orders in 2014. Through July this year, Boeing has mopped up orders for 833 commercial airplanes, compared to 705 orders received by Airbus. The launch of wide-body 777X by Boeing late last year has given a boost to its order tally this year. On the other hand, Airbus has had to suffer from a large order cancellation for its A350 from Emirates.

                  This order tally of Boeing vis-a-vis Airbus is in stark contrast to last year when Airbus led Boeing in net commercial airplane orders. In 2013, Airbus bagged orders for 1,503 commercial airplanes, while Boeing managed to get orders for only 1,355 airplanes. For most part of the last decade as well, Airbus has led Boeing in annual commercial airplane orders, driven by strong demand for its narrow-body A320s. However, the gap in annual orders for Airbus and Boeing has been very narrow, which is indicative of the intense competition that exists between these two airplane manufacturers.

                  We currently have a stock price estimate of $136 for Boeing, around 10% ahead of its current market price.

                  Boeing Leads In Orders For Wide-Body Airplanes, But Competition From Airbus Is Growing
                  Boeing holds clear lead in the wide-body commercial airplane segment, in which its 777 and 787 Dreamliner models compete with Airbus’ A330 and A350 models. In the current year through July, Boeing has received orders for 255 777s and 27 787 Dreamliners. In comparison, Airbus has received orders for 29 A330s and net cancellations for 70 A350s. This negative order tally for A350s is surprising as this airplane received 230 orders last year. The prime reason for this year’s negative A350 tally is the large order cancellation from Emirates in June earlier this year, driven by that airline’s decision to review its fleet plans.

                  On the other hand, Boeing’s orders in the wide-body airplane segment have been driven by the launch of 777X, which features new engines from GE Aviation, composite wings and superior aerodynamics. Boeing has promised the 777X to be 12% more fuel efficient and 10% more cost efficient than the plane’s competitors, and we figure this high efficiency is the primary factor behind the strong customer response that this plane has received.

                  At the same time, this year’s negative order tally for Airbus’ A350 will likely not persist for long. This airplane has also received good response from airlines reflected by a healthy cumulative order tally of around 750 units that this airplane has received since its launch in 2006. Thus overall, the A350 has helped Airbus challenge the domination of Boeing’s 777 and 787 Dreamliner models in the wide-body commercial airplane segment. The Airbus A350 is set to make its first delivery later this year. These A350 deliveries will in the coming years exert pressure on Boeing’s share of global commercial airplane deliveries.

                  The global wide-body commercial airplane segment is forecast to be one of the most important segments of the global commercial airplane market. According to long term market outlook from Boeing, over the next two decades, nearly 8,000 wide-body commercial airplanes worth $2.3 trillion will be delivered to airlines. And, Boeing with its 777 and 787 Dreamliner models, and Airbus with its A330 and A350 models, are seeking to bag as large a share of this market as possible.
                  Additionally, Airbus has already reached parity with Boeing in the narrow-body commercial airplane segment. In this segment, Airbus’ A320 series is outselling Boeing’s 737s. In the current year through July, though Boeing leads Airbus in the overall order tally, its 737s have received fewer orders than Airbus’ A320s.

                  Through July, Boeing’s 737s received 550 orders, compared to 732 orders received by Airbus’s A320s. Airbus on its part, has been hit severely this year by the negative order tally for its A350s.
                  All in all, 2014 like many previous years, will likely see a close finish to the top in airplane orders received by Boeing and Airbus.
                  See More at Trefis | View Interactive Institutional Research (Powered by Trefis)


                  • #25


                    • #26

                      Boeing Gets Its First 'Underperform' Rating In Five Years

                      Published: September 4, 2014 at 10:46 am ESTBy: Sam Quest
                      Click Ticker to See live coverage

                      The Buckingham Research Group downgraded The Boeing Company (BA) stock from "Market Perform" to an "Underperform" rating on Tuesday. Following this news, the company’s stock fell 1.03%.

                      According to Richard Safran, the analyst covering Boeing at Buckingham, major reasons behind this downgrade are rising order cancellations and declining new orders, which will impact Boeing’s revenues.

                      This is Boeing’s first Sell rating in five years; the last time Boeing received a sell rating was in 2009, when the company was facing issues in bringing its 787 Dreamliner to the market. According to Boeing’s disclosure of pending orders, 63 aircraft orders had been cancelled since the start of the year till August 26. This figure amounts to almost six percent of Boeing’s total orders for the same period. Out of the 63 cancelled orders, nine were for the 787 Dreamliner series, whereas the other 54 were for the 737 aircraft. Cancellation of the Dreamliner orders will cost the company $2.3 billion in revenues, while it will also lose another $5.2 billion because of the cancelled 737 orders.

                      After the downgrade, Safran’s 12-month target price on Boeing was $101, which is lower than the stock’s 52-week low of $104.62. Safran had previously given the stock a Neutral rating in August, with a 12-month target price of $133.

                      Safran has been following Boeing for some time now; in October last year, he downgraded the stock from an Overweight to a Neutral rating, with a price target of $142. Later, in February this year, Safran decreased his price target for the stock to $132, but reiterated a Neutral rating, saying that “investor expectations were being set too high” with the price target.

                      Buckingham has a Neutral rating for Northrop Grumman Corporation (NOC), Lockheed Martin Corporation (LMT), Raytheon Company (RTN) and B/E Aerospace Inc. (BEAV) as well.

                      RBC Capital Markets’ analyst Robert Stallard also downgraded Boeing’s target price from $145 to $134 on Tuesday. He also downgraded Airbus Group NV (EADSY) from a previous price target of 59 euros to 51 euros, citing declining orders and high cancellations as his reasons.

                      According to Bloomberg, investor Oliver Pursche, president of Gary Goldberg & Company, believes that although Boeing may not have performed well in the short run, the company’s long-term growth prospects are promising. Pursche, who has $1 million invested in the company, said he will continue to go long on Boeing’s stock.

                      Out of the 31 analysts surveyed by Bloomberg, 19 analysts gave Boeing stock a Buy rating, whereas 11, including RBC, are Neutral on the stock and only Buckingham has given it an Underperform rating, which translates into a ‘Strong-Sell’.

                      After the revision in Boeing’s target prices from RBS and Buckingham, the consensus price target has fallen to $153.9 from $156.4. The stock’s target price was $120.6 last year.

                      Boeing’s stock price increased over 83% in 2013, while Airbus’ stock had fallen by over 50% in the same time frame. Even though Boeing’s stock has declined 7.7% year-to-date, it has still managed to outperform Airbus, which has dropped 19.5% in the same period.

                      Boeing’s stock closed up 0.37% on Wednesday, while Airbus’ stock was up 0.7%. Boeing is currently trading at a price-to-earnings (P/E) multiple of 15.20x, a premium of 33% over Airbus' P/E of 11.42x, and a premium of 24.1% to the industry multiple of 12.25x.


                      • #27
                        Boeing sees China needing 6,020 new planes

                        2014-09-05 11:18 Global Times Web Editor: Qin Dexing
                        Forecast for next 20 years to 2033; competition in country with Airbus seen as increasing

                        US plane manufacturer Boeing Co forecasted on Thursday that demand in China will reach 6,020 new airplanes in the next 20 years, up 8 percent from a previous two-decade estimate made in 2013.

                        Boeing's estimate of 6,020 aircraft in China, valued at $870 billion, is expected to account for nearly 45 percent of total delivery in the Asia-Pacific region over the forecast period, according to a press release posted by the company on its website.

                        Analysts agreed with Boeing's forecast, saying that the aircraft market in China is booming thanks to the nation's strong economic growth and increasing outbound travelers.

                        China Tourism Academy estimated in a report released in July that China's outbound tourists would surge 18.2 percent year-on-year in 2014, hitting 116 million.

                        "In order to cope with such a rise, domestic carriers will open more long-haul routes, which will further drive up the need for highly-efficient airplanes developed by multinational companies," Wang Jiangmin, a research fellow with World Civil Aviation Resource Net, based in Hefei, East China's Anhui Province, told the Global Times on Thursday.

                        In one of the most recent developments, China Southern Airlines Co, which took delivery of seven Boeing aircraft in late February, started a non-stop route from Guangzhou, South China's Guangdong Province, to New York in August.
                        Meanwhile, Air China Ltd also reportedly kicked off three new routes to the US from July 2013, including launching three weekly flights to Honolulu early this year.
                        Wang noted that air-route networks in China, such as from second-tier cities to international destinations, are still incomplete and inadequate.
                        Boeing planes make up more than half of Chinese airlines' fleets, according to an annual China Current Market Outlook report posted by the company on its Sina Weibo account on Thursday.
                        Although Boeing has the lead in the world's second-largest aircraft market, it still faces a growing challenge from rival Airbus Group, said Li Lei, an aviation analyst with Beijing-based China Minzu Securities.
                        Boeing revealed in a meeting in Beijing earlier this year that the company delivered 143 aircraft in 2013, while Airbus Group reportedly delivered 133 planes over the same period.
                        "In the last five to 10 years the gap between Airbus and Boeing in the Chinese market has gradually narrowed. Airbus' increasing investment in its Tianjin assembly factory will give Airbus an edge over Boeing in China," Li told the Global Times on Thursday.
                        Airbus, the France-based European airplane maker, set up a plane assembly plant in Tianjin in 2009 in partnership with Aviation Industry Corporation of China and agreed in March to extend the joint venture to make A320 aircraft for another 10 years, while most Boeing planes in China are still assembled in the US.
                        Besides the intensifying competition from each other, Li also noted that Boeing and Airbus will likely be challenged by State-owned Commercial Aircraft Corporation of China Ltd (COMAC) in the future.
                        COMAC was formed with the approval of the State Council to build large passenger aircraft and reduce the nation's dependency on foreign markers.
                        Its narrow-body airliner C919 is believed to be the largest commercial plane designed and made by China.
                        The plane is expected to be delivered in 2016, and would likely be something that COMAC could bank on to compete with Boeing and Airbus in the Chinese market, Li said.
                        Boeing also found that China's aviation industry is going through changes.
                        There are increasing demands for "an airplane lineup that has high efficiency, low operating costs, environmentally progressive technologies and a great passenger experience," Randy Tinseth, vice president of marketing with Boeing Commercial Airplanes, said in the press release.
                        Passenger growth has been lower than plane capacity growth for the nation's carriers, and in addition to the hike in airplane fuel prices, utilizing capacity more efficiently is an urgent issue for the carriers to deal with, said Wang.


                        • #28
                          Boeing gets $235M to build helicopter gunships for Saudis

                          Sep 4, 2014, 9:35am MST

                          [IMG]*304xx795-530-0-35.jpg[/IMG] Enlarge Photo

                          Noumenon / Wikimedia
                          Medina, Saudi Arabia

                          Mike Sunnucks Senior Reporter- Phoenix Business Journal
                          Boeing Co’s Mesa plant has been awarded a $234.7 million contact to build 24 helicopter gunships for the Kingdom of Saudi Arabia.

                          The Pentagon announced the contract for Boeing to build AH-6I helicopters. The U.S. Department of Defense announced the contract Aug 29.

                          Boeing builds helicopters and drones at its Falcon Field factory. The Saudis are U.S. military allies in a turbulent Middle East dealing now with ISIS militants and a civil war in Syria.

                          Boeing officials did not comment.
                          Mike Sunnucks writes about politics, law, airlines, sports business and the economy.


                          • #29

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                            Last edited by Ben12; 08-31-2022, 01:11 PM.


                            • #30
                              Originally posted by Ben12 View Post
                              Business development is very important, because a business that stands still will very soon become unfit for existence. The world is developing every day, and it is always necessary to keep up with the times. I can recommend a cool site, where you can find a lot of useful information that will help you change, adapt and improve your business to new trends.
                              Ops Manager


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