Page 2 - Boeing

Aviation giant Boeing to slash 2,000 jobs in finance, HR this year

Aviation giant Boeing is slashing 2,000 jobs in finance and HR verticals this year and the company outsources about a third of those jobs to Tata Consulting Services (TCS) in Bengaluru

Boeing bids farewell to 'Queen of the Skies' 747 jumbo jets after 53 years

The final 747-8 passenger version can carry nearly 470 people on trans-Pacific and other longer-haul routes

Queen of the Skies: Boeing's iconic jumbo B747 set to fly off into history

The iconic jumbo B747, also called the 'Queen of the Skies', is set to fly off into history when Boeing delivers the last such plane to Atlas Air from its Everett manufacturing facility in Washington on February 1. The US aircraft maker had rolled out the first B747-100 plane on September 30, 1968, while the first 747 entered service on launch customer Pan Am Airlines' New YorkLondon route on January 21, 1970. In March 1993, the aircraft maker brought out the cargo version of the plane. However, in July 2020, after running the iconic jumbo aircraft programme for nearly 52 years, the aircraft maker announced it will end production of the 'Queen of the Skies' by the end of 2022 due to market preference. Atlas Air was the final 747 customer with an order of four 747-8 freighters, according to Boeing. The last B747 was rolled out from the production facility on December 6 last year. In the 55-year period, Boeing built a total of 1,574 B747 aircraft with four engines for over 100 ...

Tata's Air India to seal half of jumbo plane order of 495 jets: Report

The order, once finalised, aims to put Air India in the league of large global airlines

Boeing loses $663 mn in Q4 despite higher revenue amid supply chain problem

Boeing said on Wednesday it lost USD 663 million in the fourth quarter as rising production costs and supply-chain problems offset rising revenue. It was another disappointing quarter for the aerospace giant, which has yet to recover from fatal crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes until recently. The loss amounted to USD 1.06 per share. Excluding non-core items such as adjustments to pension costs, the loss was USD 1.75 per share. Revenue increased 35 per cent from a year earlier, to USD 19.98 billion. Analysts were expecting the company to earn 20 cents per share on revenue of USD 18.75 billion, according to a FactSet survey. Boeing preferred to focus on cash flow, which rose for the quarter and the entire year the first full year of positive cash flow since 2018. Boeing, based in Arlington, Virginia, has seen deliveries rise since regulators approved the 737 Max to fly again in late 2021 and after the company ...

Air India's mega jet deal with Airbus, Boeing held up by engine-cost debate

Air India has spent months negotiating an order of about 400 narrowbody and 100 widebody jets that would allow the country's flag carrier to upgrade service and reliability

Tata Boeing Aerospace JV delivers first fuselage for Indian Army

The Apache will provide the Indian Army with a significant boost in capability just as the AH-64 did for the Indian Air Force," says Salil Gupte, who heads Boeing India

As travel roars back post Covid-19 lull, airlines face shortage of planes

As travel springs back and even China dismantles the last remaining Covid curbs, one stark truth is beginning to emerge - the world is running desperately short of planes

Air India jumbo order includes 190 Boeing MAX, 30 787s, say sources

The deal is also expected to include an unspecified number of Boeing 777X long-range jets, according to sources

Boeing closes in on large 737 Max order from Tata group's Air India

The final deal between Air India and Boeing is expected to include 40 to 50 Max aircraft that were built for Chinese carriers but never delivered due to an extended grounding of the US jet

United Airlines places largest 787 Dreamliner order in Boeing's history

Boeing announced that United Airlines has ordered 100 787 airplanes, with the option to purchase 100 more

Bharat Forge: Diversification, lower input costs should reap benefits

Bharat Forge is the largest exporter in forgings components globally, with around 60 global customers and about 68 per cent of its revenue from exports

Boeing says India is key nation for its sustainable aerospace programme

American plane maker Boeing on Sunday said India is a priority country for its ambitious programme to decarbonise aerospace globally from both the civilian and military aircraft and to chart a path toward a sustainable future. Brian, Boeing's Vice President for Global Sustainability Policy and Partnerships, said the company is confident of delivering commercial airplanes capable of flying on 100 per cent Sustainable Aviation Fuel (SAF) by 2030. "India is hugely important to Boeing and to our aviation business, but also to our sustainability journey. I think some of the commitments and potential that we see here in India to become self-reliant through the scaling of sustainable aviation fuel is really promising," he told PTI. In a significant global announcement, Boeing said last year that its commercial airplanes will be capable and certified to fly on 100 per cent sustainable aviation fuels by 2030. There has been growing deliberations globally on curbing carbon emissions from ...

Air India close to signing deal for 150 Boeing 737 Max jets: Report

Boeing's last mega order in India came in 2021 when low-cost airline Akasa struck a deal to buy 72 737 MAX jets, valued at nearly $9 billion at list prices

Air India leases 6 more planes to expand international flight operations

The 30 planes leased in September are expected to be inducted in the airline's fleet by 2023-end and the other 6 by June 2023

The mercurial should not trump the methodical

Mercurial founders get disproportionate public exposure, but nothing pulls down leaders with extra-gravitational speed than front-page coverage in the media

India's big plans for cleaner aviation fuel face a string of hurdles

in Dehradun, scientists are working with partners including Boeing Co. to get global approvals for their biofuel, which is made from waste cooking oil and the seeds of plants

Boeing Co sees India as key to offset sluggish business in China

Boeing and Airbus SE are both in the running for what could be one of the largest aircraft deals ever as formerly state-run Air India Ltd. is overhauled by new owner Tata Group

Can India build passenger planes like Boeing and Airbus?

PM Modi recently said India will soon manufacture large passenger aircrafts. The country's aerospace industry is set for a paradigm shift. Will the dream of a made-in-India passenger plane take off?

Boeing posts $3.3 billion loss on costs tied to defence programmes

Boeing reported a USD 3.3 billion loss for the third quarter on Wednesday, as revenue fell short of expectations, it took a huge losses for fixed-cost defence programmes and its commercial-airplane business struggled. CEO David Calhoun said Boeing remains in a "challenging environment" and has more work ahead to drive stability". The adjusted loss amounted to USD 6.18 per share on revenue of USD 15.96 billion. Analysts had expected the company to earn 13 cents per share and post revenue of USD 17.91 billion. Revenue in Boeing's normally consistent defence and space business tumbled by 20 per cent, and it suffered USD 2.8 billion in losses for higher estimated manufacturing and supply chain costs on a military refuelling tanker, Air Force One and other programmes.