Tag: Boeing

  • Boeing gets $7 billion order from Cathay Pacific for 777X jets

    Boeing gets $7 billion order from Cathay Pacific for 777X jets

    Boeing Co (BA.N) said it won an order from Cathay Pacific Airways Ltd (0293.HK) for 21 Boeing 777X jets, valued at more than $7 billion at current list prices.

    Boeing shares rose 1 percent to $136.68 in early trading on the New York Stock Exchange.

    The 777X, due for launch in 2020, will be a derivative of Boeing’s top-selling wide-body plane with new wings and engines.

    Cathay Pacific expects to take delivery between 2021 and 2024, the airline said.

    Boeing started selling the 777X at the Dubai Airshow last month, where it garnered a record 259 orders and commitments worth $95 billion at list prices.

    The company is yet to decide where to build the 777X, which is expected to be its only new jetliner program for the next 15 years along with the narrow-body 737 MAX jet due in 2017.

  • Ethiopian Airline eager to get Boeing 787 Dreamliner flying

    Ethiopian Airline eager to get Boeing 787 Dreamliner flying

    The chief executive of Ethiopian Airlines says it is seeking approval from America’s Federal Aviation Administration and from Boeing to put its grounded Boeing 787s back into service.

    Ethiopian Airlines chief executive officer, Tewolde Gebremariam, told agency press that the company expects FAA approval within a few days.

    Meanwhile, FAA Administrator, Michael Huerta, told lawmakers on Tuesday that the Chicago plane maker “has completed all required tests and analyses” of battery fixes to its 787 Dreamliner, including providing an extensive set of documents intended to demonstrate their safety.

    Mr. Huerta in written testimony told the Senate Commerce Committee that the agency is reviewing Boeing’s submission and will give final approval to put the planes back into commercial service when the agency is satisfied that the redesigned battery system meets FAA requirements.

    Without providing a timetable for allowing the planes to resume commercial flights, Mr. Huerta said Boeing and the FAA had negotiated the specific fixes and had agreed on detailed ground and airborne testing procedures to ensure “maintaining the highest levels of safety.” Under the best-case scenario, some airlines that operated 787s have said they anticipated a limited return to passenger service as soon as next month.

    After the hearing, Mr. Huerta told reporters he expected the decision to come “very soon,” though he didn’t elaborate.

    Mr. Huerta’s testimony came amid growing frustration and concern expressed privately by some senior Boeing executives about what they said was the government’s extended decision-making process.

    After a seemingly successful test flight on April 5, Boeing had hoped that the FAA would give a mid-April go-ahead to start helping carriers install the new battery systems. But many Boeing and airline executives now anticipate a delay until the end of the month, if not later.

    The final decision is up to Transportation Secretary, Ray LaHood, who on Monday said it would come “soon,” but suggested that he wouldn’t be rushed.

    Senator Jay Rockefeller, the West Virginia Democrat who chairs the Senate panel, said the redesign of the 787s lithium-ion batteries “is a perfect example of where the regulators identified and acted swiftly to address a serious safety problem.”

    But in other testimony Tuesday, the committee heard criticism of the FAA’s overall approach to certifying the safety of new aircraft and cutting-edge technology, such as the 787’s batteries.

    The FAA relied heavily on Boeing’s expertise and allowed the company to run all testing before the agency gave the initial green light for the 787 batteries six years ago.

    The FAA faces significant budget constraints and other challenges in “maintaining up-to-date knowledge” in its role of approving new equipment, according to prepared testimony from the Government Accountability Office, a congressional watchdog.

    Gerald Dillingham, a senior GAO official, reiterated that FAA experts broadly “have not been able to keep pace with industry changes” and, therefore, may face a “struggle to understand the aircraft or equipment they are tasked with certifying.” Those difficulties will grow, according to other experts, as industry activity ramps up, but government spending on certification is unchanged.

    Written testimony by the Department of Transportation’s inspector general’s office criticized the FAA for, among other things, failing to ensure the competence of company staff who were designated to certify aircraft or components for the agency. The statement also said that FAA headquarters hadn’t issued “clear, written guidance on how to oversee” choosing such industry employees.

    Mr. Huerta for the first time also said that the FAA is reviewing whether the 787 should be permitted to resume flying routes over water that would take it up to three hours from airports suitable for emergency landings. Industry experts generally expect the FAA to reinstate that approval, though Mr. Huerta declined to tell lawmakers his position.

  • Boeing 787 for review

    United States of America aviation regulators have ordered a review of Boeing’s latest passenger jet, the 787 Dreamliner, citing “concern” over a spate of technical problems in recent weeks.

    Regulators said the 787 remained safe to fly but a thorough examination was needed to identify the root cause of the problems including a fire on a parked 787 last week.

    “There are concerns about recent events involving the Boeing 787. That is why we are conducting a comprehensive review,” Transportation Secretary Ray LaHood told a news conference.

    The review will put an emphasis on the 787’s advanced electrical systems and cover their design, manufacture and assembly, the Federal Aviation Administration said.

    The move comes on top of a separate probe by US safety investigators into a battery fire which caused “serious damage” to an empty Japan Airlines 787 jet at Boston airport on Monday.

    Adding to incidents that have tested confidence in the world’s first mainly carbon-composite airliner, the jet suffered a cracked cockpit window and an oil leak on separate flights in Japan on Friday.

    The 787 is Boeing’s newest jet and uses new technology to cut the fuel cost for operating the plane by 20 percent.

    Each lightweight jet has a list price of USD$207 million.

    Airlines are pleased with the savings, and have so far given the plane their approval, both by ordering more than 800 jets and mostly sticking by it through the current spate of troubles.