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Hi, Boeing in more trouble. Boeing Shares Fall 6% After Goldman Sachs Downgrade Goldman Sachs on Wednesday downgraded Boeing Co. to sell from neutral because a weaker economy and high jet fuel prices are likely to translate into significanlty less aircraft orders. "We also expect consensus estimates to be revised down as delivery rates and margin expansion, which is driven by rising delivery rates and pricing from strong orders, will likely disappoint," the investment firm said in a note to investors. Additioanly, Goldman Sachs said it expects more problems with the 787 Dreamliner program as the new plane begins its first flight tests later this year. Boeing shares were down nearly 6% at last check to $70.30. Copyright © 2008 MarketWatch, Inc.

Hi, You should have posted that in my "Bust" in the Off-topic area.

Hi, With Russia having all the oil I have a feeling America is going to get a fair amount of "fair, legal treatment" itself in the near future.

Hi, Whats happened is Emirates is now one of the major long haul airlines with a modern fleet. There are advertising in all the major sporting areas like football and cricket. They want to sell higher prices tickets and are not in the monger market anymore. Maybe that will change again if the recession bites as hard as I expect.

Hi, A venue I will visit on next trip. I can't ever see it being as big a hit though as the Beergarten in BKK, Although I haven't been to that one either I can pick stuff up from the threads and I feel that many of us have bad experiences on barfines and prices in BKk that do not apply to the same extent in Pty.

Hi, For our American boardies this is an example of British understatement.

Hi, The next time these right wing Americans want help they will be even more on their own than they are now. What a way to treat your allies. Tossers.

Hi, Some nice girls. Dont know about the mongers though.

Hi, Just protectionism from the lovers of the "Free Market". See they are complaining about InBev's proposed takeover of Budweiser now ??? At least the Sage of Omaha is on the ball on this one. Politics an obstacle for InBev’s bid for Bud Politicians, activists are already lining up against proposed deal .

Hi, Eltib, have a bit of compassion, the poor guy has had enough haunting already.

Hi, You may be surprised to find I disagree. I was at Thiefrow when the Sibgapore A380 flew in for the first time. It seems smaller and neater than the 747 despite being Biggerand more fuel efficient..

Hi, If you were ordering planes for an airline which would you order ? A plane that has been a great plane but is past it's sell by date or the all new revollutionary A380 ? It's a no brainer.

Hi, Thanks, wondered why I got so many women when I was a hansum man.

Hi, They are in serious shit if that is the case. It's very fuel efficient as it hasen't flown yet as far as I'm aware.

Hi, Politics as always in these big companies. Lets face it most of us, with the exception of myself, would do a bit of insider trading if we had the opportunity.

Hi, Get BigD back in uniform.

Hi, My presence at the bar is totally dependant on the performance of the long eared quadrupeds !!! Hope to sink a few looking out at the sea soon.

Hi, They are Indians/Paki's, what do you expect ?

Hi, Sorry about that. This is the story I meant to cover. The British press are reluctant to issue any of the good news about Airbus. http://www.eads.com/1024/en/pressdb/pressd...14_eads_q1.html EADS' Q1 2008 results reflect ongoing solid underlying performance and favourable seasonal effectsRevenues up 10 percent to Group total of € 9.9 billion – growth across all Divisions EBIT* grew to € 769 million despite burden of declining US dollar – improvement in all five Divisions Free Cash Flow before customer financing increased to € 1.1 billion Order intake up to € 39.3 billion thanks to Airbus and Military Transport Aircraft Division Amsterdam, 14 May 2008 Further information 1st Quarter earnings 2008 Results presentations: 1st Quarter earnings 2008 EADS (stock exchange symbol: EAD) can rely on robust fundamentals and continued solidity in its underlying performance, but is still facing challenges on its recovery path. Despite a difficult economic environment and a weak US dollar, the Group continued to experience strong business momentum in the first quarter of 2008. The remarkable order intake reflects the capabilities of EADS' product portfolio on the global market, in particular at Airbus and Military Transport Aircraft Division. The Q1 2008 EBIT* development was supported by a temporary excess volume of matured hedges compared to the economic exposure. For the full year 2008, the Group confirms its EBIT* guidance of € 1.8 billion. “Though many serious challenges have been overcome there remains much to do in order to secure the significant and lasting improvement in operational performance we are targeting. But first quarter results are encouraging in that respect,” said EADS CEO Louis Gallois. “Implementation and execution of Power8 is underway and we will look into further measures beyond. With regard to our long-term strategic plan Vision 2020, we have achieved first tangible successes: The US tanker selection and our recent acquisition in the US support us in our aim to balance both our global footprint and our business portfolio. We are determined to build on that encouraging start and are looking to make further advances in transforming our business.” Airbus continued to ramp-up aircraft deliveries, mainly for the A320 Family. Singapore Airlines received further A380s. The Military Transport Aircraft Division achieved the A400M Power-On milestone. Eurocopter increased its deliveries, successfully unveiled its new EC175 transport helicopter and further expanded its international presence by opening an NH90 assembly line in Australia. The EADS Astrium-built Automated Transfer Vehicle successfully completed its mission to supply the International Space Station ISS. The Defence & Security Division enlarged its secure communications business through new orders and the acquisition of the North American emergency response solution provider PlantCML. Revenues grew by 10 percent to € 9.9 billion (Q1 2007: € 8.9 billion), fuelled by higher Airbus deliveries (123 units incl. two A380s versus 115 aircraft in the same period of the previous year) and increased volumes at Eurocopter, EADS Astrium and Defence & Security. The Military Transport Aircraft Division contributed significantly to the growth thanks to a milestone revenue recognition in the A400M programme, which had been shifted from 2007. EADS’ EBIT* (pre goodwill and exceptionals) for the first quarter 2008 reached € 769 million (Q1 2007: € 88 million). It benefited from improvements across all Divisions. Thanks to a strong operational performance and achievement of Power8 targets, Airbus and Defence & Security secured the largest EBIT* growth compared to the first quarter of 2007 when Airbus' EBIT* in particular was heavily burdened by Power8 restructuring. Additionally, in the first three months of 2008, Group EBIT* benefited from a temporary excess volume of matured hedges compared to the economic exposure, overcompensating a less favourable hedge rate compared to the same period of the previous year. The reverse effect will impact the upcoming quarters. In Q1 2008, a US dollar impact of around € -500 million on loss-making contract provisions put pressure on the Group's EBIT*, partly balanced out by a gain of around € 200 million from revaluations on liabilities. Compared to Q1 2007, the US dollar effects impacted EBIT* by € -360 million. In line with the Group's EBIT* development, EADS improved its Net Income to € 285 million (Net Loss Q1 2007: € 10 million), or earnings per share of € 0.35 (loss per share Q1 2007: € 0.01). Self-financed R&D expenses remained roughly stable at € 534 million (Q1 2007: € 549 million), but are expected to grow over the full year mainly in the context of Airbus’ aircraft development programmes, especially for the A350 XWB. Free Cash Flow before customer financing increased to € 1,059 million (Q1 2007: € -785 million) driven by improved cash flow from operations and reduced capital expenditure. The improvement in operating cash flow was mainly related to a stronger inflow of customer advance payments and additionally benefiting from a much lower build-up of inventories. Consequently, Free Cash Flow including customer financing improved to € 1,116 million (Q1 2007: € -822 million) including a stronger net contribution from sell-down of customer financing assets compared to a cash-out in the first quarter of 2007. In the first quarter of 2008, Cash Flow is significantly less impacted by capital expenditure, settlement payments and restructuring expenses than it will be over the rest of the year. At the end of March, the Net Cash Position reached € 8.3 billion (year-end 2007: € 7.0 billion). In the first three months of 2008, EADS raised its order intake to € 39.3 billion (Q1 2007: € 10.5 billion) thanks to strong orders at Airbus and – with finalisation of the UK tanker programme FSTA and a tanker order from Saudi-Arabia – at Military Transport Aircraft. The Group benefited from a continuing demand for EADS' excellent products, mainly from Asia-Pacific and legacy carriers. Up to the end of March 2008, the Group’s order book remained on a record level of € 351.5 billion (year-end 2007: € 339.5 billion). This growth was achieved despite a € -17 billion revaluation due to the weaker US dollar at the end of the first quarter. Orders within the commercial aircraft business are based on list prices. The Group further expanded its defence order book mainly thanks to its Military Transport Aircraft Division; defence order book closed the first quarter at € 58.0 billion (year-end 2007: € 54.5 billion). At the end of March, EADS had 116,375 employees (year-end 2007: 116,493). OutlookEADS confirms the guidance for 2008 that was published on 11 March 2008. The EADS guidance is based on a closing spot rate at year-end 2008 of € 1 = US$ 1.45. EADS expects Airbus to capture above 700 aircraft orders in 2008. EADS revenues are expected to exceed € 40 billion in 2008, with about 470 aircraft deliveries for the full year. EADS expects its 2008 EBIT* at € 1.8 billion. While, in the first quarter, the strong underlying performance across businesses, particularly at Airbus, shows a satisfactory trend, EADS needs to balance it with challenges on key programmes this year. The weakening of closing spot rate at year-end 2008 could have negative impacts on earnings linked to the revaluation at a deteriorated US dollar rate of some Airbus balance sheet items, including loss-making contract provisions. Before the impact of customer financing, EADS expects 2008 Free Cash Flow at € 500 million (keeping in mind it is the most volatile item to predict). This includes the cash consideration for the acquisitions EADS announced lately. If the positive trend of the first quarter is confirmed, upside to this number is possible. For the 2008 EBIT* guidance as well as for the mid-term outlook, any potential financial impact of the new A380 delivery schedule has not been determined so far.

Hi, More news I'm sure they'll love on that blog. http://news.bbc.co.uk/1/hi/business/4528219.stm Airbus helps EADS boost profits The successful A380 first flight could help to boost future revenues Airbus planes maker EADS has said rising sales led to healthy growth in the three months to the end of March. Net profit rose to 328m euros (£222.6m; $419.8m) against 49m euros (£33.2m; $62.7m) at the same time last year. Sales soared 16% to 7bn euros from[quote] a year ago. Airbus left its 2005 forecast unchanged at sales of 33bn euros based on sales of 350 to 360 Airbuses. "The successful A380 first flight demonstrates the potential for further strong revenues," the company said. Space business Shares in European Aeronautic & Defence Company rose 0.2% to 22.75 euros on the Paris Stock Exchange. Philippe Camus and Rainer Hertrich, both chief executives at EADS, added: "Our defence businesses are also set for strong revenues. "In addition, progress at EADS Space has been strong indicating that the space business will contribute positively to the portfolio." EADS' order intake in the first three months amounted to nearly 9bn euros, compared with 3.4bn euros in its 2004 first quarter. The increase is mainly due to stronger Airbus and space-division orders. EADS co-owns Airbus with British defence giant BAE Systems, which holds a 20% stake in the Toulouse-based aircraft maker. [/quote]

Hi, Not too bad for Airbus, at least they are delivering planes now. When will the American company start delivering the Nightmareliner ?

Hi, Emirates is about to take over from BA as the largest long-haul operator. Emirates have ordered 58 A380's. Emirates' long-haul fleet set to soar By Alistair Osborne in Dubai Last Updated: 12:55am BST 01/05/2008

Hi, I've chatted to falang couples who have stayed there and they liked it. As other boardies have said not really a mongers place though.

Hi, This plane is becoming a Nightmare. http://news.bbc.co.uk/1/hi/business/7341490.stm Airlines seek Boeing compensation

Hi, I've had a disastrous 9 months but I'm still in the ring and hope to have a few cold ones there sometime this year.