Boeing to cut 4,500 Jobs in its operations
US based aircraft manufacturer Boeing has announced that they would be cutting 6.7% of its commercial plane workforce by the end of the second quarter.
The company is not untouched by the current economic crisis and they have to take drastic steps to stay profitable.
Boeing also faces [...]
Boeing 787 Dreamliner gets another delay
US based airline manufacturer Boeing has announced yet another delay in the launch of their 787 Dreamliner.
Incidentally Boeing 787 Dreamliner is already almost two years behind schedule.
Boeing has now said that the plane would not be ready for customers until the first quarter of 2010.
Boeing added that the [...]
Boeing to cut 800 jobs
US based aircraft manufacturer Boeing has announced that they are going to cut 800 jobs.
These jobs would be cut at their operations in Wichita next year.
With this the company would reduce their Integrated Defense Systems work force at this location by around 27%.
The layoffs would begin as early as [...]
Boeing delays 747-8 deliveries
US based aircraft manufacturer Boeing has now said that they are delaying the deliveries of their 747-8 planes.
The company said that the deliveries of this freighter airplanes would be completed in third quarter of 2010 instead of late 2009 as they had previously announced.
The intercontinental model would get delivered by the second [...]
Boeing told to pay massive damages to ICO Global Communications
Boeing has been told by a court jury to pay $236 million in punitive damages to ICO Global Communications.
This fine is related to a lawsuit related to Boeing allegedly breaching a contract to build and launch satellites for the company which is owned by [...]
American Airlines places a mega order with Boeing
American Airlines has announced that they have now placed a big order for 42 Boeing 787.
The order is worth around USD 8 billion at market prices but the actual value is likely to be lower.
This is good news for Boeing which is struggling in the weakening economy with [...]
China Commercial Aircraft to take on Airbus and Boeing
Airbus and Boeing are no longer the only two companies which are manufacturing commercial planes.
China has announced the establishment of China Commercial Aircraft which would develop regional aircrafts capable of carrying more than 150 passengers.
The company has received $2.7 billion in initial funding. It is supported by [...]
China Southern Airlines buying 20 Boeing 737 airplanes
China based airline company China Southern Airlines has announced that they are acquiring 20 Boeing 737 airplanes through their subsidiary Xiamen Airlines.
This order is worth around $1.5 billion at market price but the airline companies usually get the planes at a much lower price through negotiations.
These planes would [...]
Boeing 787 Dreamliner delayed even more
Boeing has announced that they are delaying their 787 Dreamliner for the third time.
With this, the new model is now about 15 months behind schedule.
The company is taking more than expected time to get this revolutionary plane ready for primetime.
Boeing is also suffering delays due to problems with [...]
Malaysian Airline to buy 55 new Boeings
Malaysian Airline System Bhd is said to have placed orders for as many as 55 new Boeing narrow-body aircrafts.
This order is worth around $3.4 billion at market price of the planes.
This was revealed in reports in domestic newspapers.
The sources further said that these planes would be delivered from 2011 [...]
