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Passenger Aircraft

Airbus Reports 52% Surge in June Aircraft Deliveries

Reuters | Equities.com |

Airbus shares rose sharply on Friday after the planemaker confirmed a surge of deliveries in June, bringing the total number of aircraft handed over in the first half of the year to 297.

Deliveries, which have been recovering from a pandemic-related slump, rose 52% in the first six months from 196 at the mid-point of 2020 and compare with a total of 389 in the first half of 2019 before the coronavirus crisis crippled air travel.


Airlines Pull Dozens of Boeing 737 MAX Jets Out of Service After Possible Electrical Problem Flagged

AP News | Equities.com |

Airlines pulled dozens of Boeing Max 737s out of service for inspections after the aircraft maker told them about a possible electrical problem, the latest setback for the plane.

Boeing said Friday that the issue affected planes used by 16 airlines. The company did not say how many planes are affected or how long it will take for inspections and, if necessary, repairs.


Southwest Airlines Orders 100 Boeing 737 Max Aircraft

AP News | Equities.com |

Southwest Airlines said Monday it’s expanding its all-Boeing fleet with an order for 100 737 MAX airplanes.

The Max was grounded worldwide in March 2019 after two crashes that killed 346 people. Regulators in the U.S., Europe, Canada, Brazil and other countries cleared the plane to resume flying after Boeing changed an automated flight-control system that played a role in the crashes.


Boeing Delivers 22 Aircraft in February, Shows Positive Net Orders for First Time in 14 Months

Reuters | Equities.com |

Boeing Co said on Tuesday it delivered 22 aircraft in February, up from 17 a year earlier, and that its net orders had turned positive for the first time in 14 months as COVID-19 vaccine rollouts boosted the confidence of its airline customers.

The access to vaccines is expected to help a recovery in air travel, benefiting planemakers especially Boeing, which is relying on deliveries of the 737 MAX for a financial turnaround after the jet’s grounding due to t...


Singapore Airlines To Defer $3 Billion of Purchases of Airbus and Boeing Aircraft

Reuters | Equities.com |

Singapore Airlines Ltd said on Tuesday it would defer over S$4 billion ($3.01 billion) of spending on Airbus SE and Boeing Co planes after reaching agreements with the aircraft manufacturers to delay deliveries.

It will convert 14 of its Boeing 787-10 orders to 11 additional 777-9s to meet its fleet needs beyond the financial year ending in March 2026, the airline said in a statement.

“The agreements with Airbus and Boeing are a key plank of our...


Boeing Posts Record Annual Loss, Delays New 777X Jetliner to Late 2023

Reuters | Equities.com |

Boeing Co took a hefty $6.5 billion charge on its all-new 777X jetliner as it posted a record annual loss on Wednesday due to the coronavirus pandemic and the aftermath of a two-year safety crisis over its 737 MAX.

The coronavirus crisis has exacerbated a drop in demand for the industry’s largest jetliners, with airline customers shunning deliveries of planes due to international travel restrictions, hurting cash flow at the U.S. planemaker.

Boeing said it now expects the 777X, a larger version of the 777 mini-jumbo, to enter service by late 2023, delaying the jet’s entry for the third time, due to tougher certification requirements after the 737 MAX safety crisis and plummeting demand.


Canada To Lift Ban on Boeing 737 MAX on January 20

Reuters | Equities.com |

Canada said on Monday it will lift a near two-year flight ban on Boeing Co’s 737 MAX on Jan. 20, joining other countries like the United States that have brought the aircraft back following two fatal crashes involving the model.

Regulator Transport Canada also said in a release that it had issued an airworthiness directive to aircraft owners, aircraft maintenance engineers and foreign civil aviation authorities, along with an interim order that outlines requirements for airlines on additional crew training.


Boeing Delivered 60% Fewer Aircraft in 2020, Lowest in 43 Years

Reuters | Equities.com |

Boeing Co delivered about 60% fewer aircraft to customers in 2020 than 2019 and less than one-third the deliveries of rival Airbus, the lowest in 43 years, company data showed on Tuesday.

Tuesday’s snapshot of orders and deliveries caps a year in which a resurgent coronavirus pandemic and the tail-end of a 20-month 737 MAX grounding after fatal crashes prevented embattled airlines from adding new jets into their sidelined fleets.

Also, for a second month straight, Boeing handed over to customers zero 787 Dreamliners, as intensive inspections over recent production flaws compound delays from the COVID-19 crisis.


Boeing To Pay Over $2.5 Billion To Settle Justice Department Probe of Deadly 737 MAX Crashes

Reuters | Equities.com |

Boeing Co will pay over $2.5 billion to resolve the U.S. Justice Department’s investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said, but will not be forced to plead guilty to criminal charges.

The Justice Department said the settlement includes a criminal monetary penalty of $243.6 million, compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the passengers.


Alaska Airlines Will Purchase 23 Boeing 737 MAX Jets

Reuters | Equities.com |

Alaska Airlines has agreed to buy 23 Boeing Co 737 MAX 9 jets, the companies said on Tuesday, confirming an Oct. 8 Reuters report that the U.S. planemaker was in talks with Alaska to stimulate demand for the jet’s comeback.

The order, worth some $2.96 billion at list prices before expected steep discounts, comes less than three weeks after European budget airline Ryanair also placed a lifeline order for 75 Boeing 737 MAX jets.

Boeing is battling to build momentum for the 737 MAX as its cash-cow jetliner re-enters commercial service following a 20-month safety ban triggered by fatal crashes.


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