Airbus and Boeing products running behind schedule

[BigDUSA 71]

FARNBOROUGH, England – Boeing Co. and European arch rival Airbus racked up billions of dollars worth of aircraft sales at the Farnborough International Airshow on Monday, raising hopes that the aviation industry has touched the bottom of a deep two-year downturn.

 

But the horizon remains clouded — major European airlines, which are still haunted by recession, mostly kept their hands in their pockets as Middle Eastern carriers and U.S. plane leasing firms made purchases to build up their fleets.

 

The optimism also isn't extending to the defense side of the sector where massive cuts to Western military budgets were the talk of the industry's premier event.

 

The biennial gathering at an airfield outside London — bringing together plane makers, airlines, government officials and military top brass — is considered by industry watchers a key test of the industry's health.

 

More than 1,000 exhibitors from 38 countries have signed up for Farnborough, with delegations from Egypt, Taiwan and Morocco attending for the first time. Organizers also cited stronger interest from major players China and Russia.

 

"We're gradually starting to see a slow recovery to a new norm," Owen MacFarlane, CEO of CAV Aerospace, told the AP from his exhibition stand at the show.

 

"So maybe it's not the same volumes as we saw in 2007 and 2008, but certainly an increase from where we have been," he said, noting he cut 25 percent of his work force over the past 18 months. "Everybody seems a lot more buoyant."

 

Analysts don't expect anything close to the record-breaking $88.7 billion worth of deals announced in Farnborough in 2008, but the gathering has already exceeded the slow orders for commercial planes at Le Bourget last year, where deals came in at around $7 billion.

 

The International Air Transport Association has forecast that global industry profits will reach $2.5 billion this year, an upturn from the huge $9.4 billion loss in 2009. Asia and North America are expected to lead the recovery, with Europe lagging behind. Strikes at some airlines, the debt crisis and the volcanic ash cloud that caused major disruptions this spring are all hurting Europe's recovery.

 

"There is a renewed enthusiasm to look forward again among the airlines," said Howard Wheeldon, a senior strategist at BGC Partners, who upped his forecast for commercial plane orders at the show to 400 from 300 after the early burst of announcements on Monday morning.

 

Boeing Commercial Airplanes President Jim Albaugh said the market "has come back faster than we expected" and the Chicago-based company has twice raised its internal forecasts for the number of orders at the biennial show.

 

The early orders, worth a total of $17.7 billion, included an Emirates deal to buy 12 Boeing 777-300ER jetliners, worth $3.6 billion at list prices. Boeing also received a $3 billion order from GE Capital Aviation Services for 40 737-800s. EADS-owned Airbus picked up a $4.4 billion order from Air Lease Corp. for 20 A321 aircraft and 31 A320s, a $4.9 billion order from GECAS, General Electric's commercial aircraft leasing arm, for 60 A320s. Russian flag carrier, Aeroflot, the only European airline to buy on Monday, ordered 11 of Airbus' A330-300 aircraft, worth $1.7 billion.

 

Canada's Bombardier, a rising challenger to established giants like Airbus and Boeing, received an order for three business jets from Qatar Airways in a deal worth $122 million.

 

Bombardier Commercial Aircraft President Gary Scott was cautious about the near-term outlook, saying that airlines needed to be sure they could sustain recent post-crisis gains before they had they "balance sheet and the courage to order airplanes in significant quantities again."

 

"2011/12 is when the rising tide will lift all ships," he said.

 

In the U.S., the world's biggest single defense market, the Pentagon is looking to trim some $100 billion of savings from personnel and procurement over the next five years. In Britain, Europe's largest market, the government is considering cuts of up to 20 percent.

 

Wheeldon said that defense "worries are more significant than at any of the other shows I've attended."

 

"Cuts are the order of the day, rightly or wrongly, as Western governments seek to pull back on their expenditure," he said.

 

Giulio La Scala, Business Development Manager at Northrop Grumman Italia S.p.A, said several programs were suffering.

 

"We are living in a period in crisis," La Scala said as he manned the company's display stand at Farnborough. "So many of the major products have been delayed or there has been a restriction on the number of aircraft that they are flying."

 

Airbus' long-delayed A400M military transport plane is providing a high profile symbol of the problems facing the defense sector.

 

Britain has already scaled down its order for the four-engine military transport, which will take part in the daily flying display at Farnborough.

 

Airbus expects to start delivering A400Ms sometime after December 2012 , around four years behind schedule and 50 percent over budget because of technical glitches. The original seven customer nations for the aircraft — Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey — agreed with Airbus' parent European Aeronautic Defense & Space Co. in March to spend an additional euro3.5 billion to save the project after months of bickering about who should pay for cost overruns.

 

Analysts will also be watching for developments in the bitter Boeing-Airbus battle to win a $35 billion contest to provide aerial tankers to the U.S. Air Force — the World Trade Organization ruled earlier this month that European governments gave Airbus illegal subsidies for the project.

 

The show runs July 19-25 at an airfield about 30 miles (50 kilometers) west of central London.

QUOTE

[TheFiend 1,181]

So far, 40 B737-800NG, 42 B777-300ER, and 54 A320 orders have been announced at the show.

 

Not quite old chum.......... at the end of the first day Airbus had accumulated 122 orders!

[CheshireTom 1,377]

Not quite old chum.......... at the end of the first day Airbus had accumulated 122 orders!

 

30 of the 777s for Emirates were already included in Boeing's Orders as an Unidentified Customer. Only 12 new orders were announced by the Maktoums. Got to give Scally credit for trying to keep us updated though.

Edited July 19, 2010 by CheshireTom

[TheFiend 1,181]

30 of the 777s for Emirates were already included in Boeing's Orders as an Unidentified Customer. Only 12 new orders were announced by the Maktoums. Got to give Scally credit for trying to keep us updated though.

 

That's because 30 sounds more impressive than 12........ But you're right Tom - the reality is Emirates only ordered 12 more of them, the other 18 had already been ordered.

[CheshireTom 1,377]

That's because 30 sounds more impressive than 12........ But you're right Tom - the reality is Emirates only ordered 12 more of them, the other 18 had already been ordered.

 

You're right. It was 30, 18 of which are on the books already. I don't know where Scally got the 42 from. I knew the net order was only for 12.

[bigdelta 46]

You just repeated the contents of post 1926.

 

 

 

 

 

At the top of YOUR page, not mine. Different board settings and a different browser to you.

 

 

 

Rather than just thinking it, perhaps you should have actually done it.

I am trying to figure out your post as it makes NO sense.

Post 1926:

Boeing 787 Dreamliner delivery could be delayed again

 

Boeing has cautioned that the delivery of its new 787 Dreamliner could slip into next year, rather than the end of this year, as planned.

 

The company told the BBC it still plans to deliver the aircraft this year, but this "could flip into next year".

 

Japan's All Nippon Airways will take the first delivery of a Dreamliner aircraft.

 

The project has already been delayed for more than two years, following a series of hitches.

My Post 1941:

Slow down,Airbust clowns:

AIRSHOW-Boeing reaffirms latest 787 guidance

England, July 17 (Reuters) - Boeing (BA.N) said its chief executive had not altered the latest delivery guidance on the 787 Dreamliner after a newspaper said he had expressed confidence in delivering the plane by end-year, as planned. Boeing last week said deliveries could slip into 2011 but that no decision had been taken. [iD:nN15224632] In a summary of an interview given to European Sunday newspapers by Boeing CEO Jim McNerney, released on Saturday, Germany's Welt am Sonntagsaid: "The Boeing chief was also confident that the first Dreamliner 787 can be, as announced, delivered by the end of 2010."

 

A Boeing spokesman clarified that McNerney had stuck to the same script on deliveries as the 787 general manager last week.

 

"Mr Mcnerney made clear that the intention remains to deliver the first 787 before the end of the year, but he said that the flight test programme is tight and that it is possible delivery could slip by a few weeks into January," Boeing spokesman Charlie Miller said on Saturday.

 

"This is exactly what the head of the programme (Scott Fancher) said last Thursday," he added.

Exactly what did I repeat?Nothing,of course.Don't skip your meds.

[bigdelta 46]

Hi,

 

I wonder did anyone actually see this plane flying in? It is not flying during the show.

LOL-no,they taxied if from Seattle!

Here are many links to see it there:

http://www.google.com/search?q=787+arrives...ved=0CCUQqwQwAQ

Edited July 20, 2010 by LTGTR

[TheFiend 1,181]

Hong Kong Airlines signs MOU for 15 A350s and 10 more A330s

 

Carrier becomes latest customer for all-new A350 XWB

 

20th July 2010

Hong Kong Airlines has signed a Memorandum of Understanding (MOU) with Airbus to acquire 15 A350 XWBs and 10 more A330-200s. Under the terms of the agreement, the airline is converting 15 existing A330 orders to A350 XWBs and placing an additional order for 10 A330-200s. The MOU was signed at the Farnborough International Airshow today.

 

Nice to see some A350XWB orders........ Obviously they checked out the Nightmareliner on display and decided to stay with Airbus!

[BigDUSA 71]

FARNBOROUGH, England – The stream of plane orders continued at the Farnborough International Airshow on Tuesday, taking the tally past $25 billion and underscoring hopes of a resurgence in the aviation sector after a painful two-year downturn.

 

The deals at Farnborough, considered a barometer of the aviation and defense industry along with its sister show at Le Bourget in Paris in alternate years, show demand is reviving globally.

 

"This is a good time to buy aircraft," said Flybe Chief Executive Jim French after unveiling a deal to buy 35 Embraer 175 jets, worth $1.3 billion, from the Brazilian manufacturer. French said the company will use the planes, to be delivered between 2011 and 2017, to fund the regional European carrier's expansion plans.

 

In a further sign of the market's health, Air Lease Corp., which rents planes out to airline clients, ordered 54 Boeing 737-800s — a deal worth $4.1 billion at list prices. ALC also took out an option to buy six more of the aircraft.

 

"We see a lot of demand across the spectrum ... the recovery is starting in Asia," said ALC President John Plueger, adding that capacity reduction in the United States has borne fruit by increasing load factors and yields. In Europe, Plueger saw "fairly robust demand that is developing and building."

 

Another new leasing company, Ireland-based Avolon, which was created just two months ago, ordered 12 Boeing 737-8 jetliners in a deal worth $921 million.

 

"It's amazing how quickly this market is coming back," said Jim Albaugh, Boeing's Commercial Airplanes President, as he signed the deal with Avolon. "Six months ago people were worried about liquidity."

 

Also Tuesday, luxury carrier Vistajet ordered six new aircraft from Canadia's Bombardier in a deal worth $277 million. Bombardier said it had also received firm orders for four Global Express XRS jets from undisclosed customers based in Russia, valued at a total of $213 million.

 

French-Italian regional turboprop manufacturer ATR agreed sales worth $663 million at catalog prices with Brazilian carrier Azul Linhas Aereas and Air Lease Corp. for 30 ATR 72-600 turboprops. ATR also announced a deal for six ATR 72-500s worth $128 million, but did not disclose the buyer.

 

Airbus did not announce any new firm orders on Tuesday, but said Hong Kong Airlines intends to buy fifteen of its A350s and ten A330-200s with a new net value of $2.8 billion.

 

More than 1,000 exhibitors from 38 countries have signed up for Farnborough, with delegations from Egypt, Taiwan and Morocco attending for the first time. Organizers also cited stronger interest from major players China and Russia.

 

Analysts don't expect anything close to the record-breaking $88.7 billion worth of deals announced at Farnborough in 2008, but the gathering has already exceeded the meager $7 billion for commercial planes at Le Bourget last year.

 

The global industry is expected to return to a profit this year after a he huge loss of $9.4 billion in 2009. Asia and North America are expected to lead the recovery, with Europe lagging behind. Strikes at some airlines, the debt crisis and the volcanic ash cloud that caused major disruptions this spring are all hurting Europe's recovery.

 

Airbus chief salesman John Leahy said his company and rival Boeing survived the downturn better than in the past because in anticipation of a slump in demand they let backlogs build up without increasing production.

 

Still, Bombardier Commercial Aircraft President Gary Scott was cautious about the near-term outlook, saying airlines needed to be sure they could sustain recent post-crisis gains before they had the "balance sheet and the courage to order airplanes in significant quantities again."

 

Etihad Airways, a buyer in recent years, said it wasn't planning any new orders this year because it has taken care of its fleet needs through at least 2020. But fellow Middle Eastern airlines Emirates and Qatar did place orders, as did European carrier Aeroflot and plane leasing firms GE Capital Aviation, GECAS and Air Lease Corp.

 

Boeing has notched up a number of sales for its fuel-efficient 787 jetliner, which is making its international debut at Farnborough after a problem-plagued production line delayed the Chicago-based company's delivery schedule. The first 787 is due to be delivered to Japan's ANA later this year, more than two years overdue, and Boeing has said that could slip into the first few weeks of 2011.

 

But optimism in the aviation sector wasn't extending to the defense side of the sector, where massive cuts to Western military budgets were the talk of Farnborough.

 

In the U.S., the world's biggest single defense market, the Pentagon is looking to trim some $100 billion from personnel and procurement costs over the next five years. In Britain, Europe's largest market, the government is considering cuts of up to 20 percent.

 

Airbus' long-delayed A400M military transport plane is providing a high profile symbol of the problems facing the defense sector.

 

Britain has already scaled down its order for the four-engine military transport, which will take part in the daily flying display at Farnborough.

 

"We demand, and the nation expects, that our armed forces are provided with the equipment and support they require to do the jobs that we ask them to do," British Defence Secretary Liam Fox said at the show. "But in addition we demand, and the nation expects, that we can demonstrate value for money on defense expenditure."

 

Airbus expects to start delivering A400Ms sometime after December 2012, around four years behind schedule and 50 percent over budget because of technical glitches. The original seven customer nations — Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey — agreed with Airbus' parent European Aeronautic Defense & Space Co. in March to spend an additional euro3.5 billion to save the project after months of bickering about who should pay for cost overruns.

 

Analysts will also be watching for developments in the bitter Boeing-Airbus battle to win a $35 billion contest to provide aerial tankers to the U.S. Air Force — the World Trade Organization ruled earlier this month that European governments gave Airbus illegal subsidies for the project.

 

The show runs July 19-25 at an airfield about 30 miles (50 kilometers) west of central London.

QUOTE

[CheshireTom 1,377]

Exactly what did I repeat?Nothing,of course.

 

Duh! We do our best to keep it simple for you guys.

 

 

 

 

 

 

[bigdelta 46]

Duh! We do our best to keep it simple for you guys.

 

 

 

 

 

And,once again,the 2 posts I referenced were not similar at all.In fact,the 1st is from an Airbust fan and the 2nd from Boeing-so nothing in common.So feel free to edit other member's posts as you've done in the past to make yourself appear correct.

[bigdelta 46]

Boeing, Royal Jordanian Sign Order for Three Additional 787 Dreamliners

FARNBOROUGH, United Kingdom, July 20 /PRNewswire-FirstCall/ -- Boeing (NYSE:BA - News) and Royal Jordanian, the national carrier of Jordan, today signed an order for three 787-8s at the Farnborough International Airshow. The order is valued at approximately $500 million at list prices. This order previously was attributed to an unidentified customer on Boeing's Orders and Deliveries website.

 

Direct purchases and leases combined, Royal Jordanian has committed to 11 787-8s. The Middle East carrier placed its first orders for four 787s in 2007 and also has arranged to lease two airplanes each from CIT Aerospace and International Lease Finance Co.

 

Royal Jordanian was the first airline in the Middle East to order the 787 Dreamliner. It will place the 787 on North American routes initially, including New York, Chicago, Detroit and Toronto. Royal Jordanian has cited the 787's performance versatility and impressive economics as the main reasons behind its decision to replace its medium- and long-haul twin-aisle fleet solely with the 787.

 

"The superior economics and range capability of the 787 will allow us to competitively serve North America and other destinations in our network from Amman," said Hussein Dabbas, president and CEO of Royal Jordanian. "The unique passenger appeal of the 787 will enable us to provide a competitive advantage in the markets we serve."

 

"This commitment to the 787 by Royal Jordanian will allow for expanded routes and a customer experience second to none," said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. "With the 787, Royal Jordanian will operate the world's most advanced and efficient twin-aisle airplane. We will work closely with Royal Jordanian as the airplane prepares to enter service and delight passengers."

 

Based in Amman, Jordan, Royal Jordanian became a member of the Noneworld alliance in 2007.

[CheshireTom 1,377]

And,once again,the 2 posts I referenced were not similar at all.In fact,the 1st is from an Airbust fan and the 2nd from Boeing-so nothing in common.So feel free to edit other member's posts as you've done in the past to make yourself appear correct.

 

Thankfully, in your case, that doesn't prove necessary.

[TheFiend 1,181]

Boeing, Royal Jordanian Sign Order for Three Additional 787 Dreamliners

FARNBOROUGH, United Kingdom, July 20 /PRNewswire-FirstCall/ -- Boeing (NYSE:BA - News) and Royal Jordanian, the national carrier of Jordan, today signed an order for three 787-8s at the Farnborough International Airshow. The order is valued at approximately $500 million at list prices. This order previously was attributed to an unidentified customer on Boeing's Orders and Deliveries website.

 

Not really a new order..... just an announcement of an existing order.

[bigdelta 46]

Thankfully, in your case, that doesn't prove necessary.

Obviously,your command/comprehension of the English language is lacking as the posts are dissimilar in nature,one from an Airbust fan and Boeing's rebuttal. indeed.

Remember to take your meds EVERY day.

[bigdelta 46]

Air Show Draws Boeing 787, Nearly 200 Orders

The 2010 Farnborough Air Show in England got off to a big start as the Boeing(BA) 787 made its international debut landing on Sunday, and the aircraft orders came in faster than expected on Monday.

"I can't think of a finer stage on which to present this highly anticipated airplane," said Scott Fancher, vice president and general manager of the 787 program. Airbus and Boeing announced 189 orders on the first day, more than twice the total orders at last year's show. "I don't think people thought it would be that high, certainly not on day one," said aviation consultant Scott Hamilton, speaking on an Air Insight LLC podcast. "By the end of the week, we could be looking at 400 orders." Airbus announced 122 orders, while Boeing announced 67.

Most of the orders were from leasing companies. Air Lease Corporation, the new aircraft financing and leasing company created by Steven Udvar-Hazy, formerly CEO of International Lease Finance Corp., ordered 51 Airbus A320s and A321s. GE Capital Aviation Co. ordered 60 additional A320s and 40 Boeing 737s.

So far Bombardier, which is preparing to enter the narrow-body market, has not announced any orders for its planned C-Series planes. "The expectations were that Bombardier was going to announce a C Series order," Hamilton said. "They really needed to announce (something) to bring credibility back to the program."

U.S. airlines are not expected to participate in the buying. On its earnings conference call Monday, Delta(DAL) said it will reduce its fleet by 91 aircraft in 2010 and by 20 more in 2011. CEO Richard Anderson made it clear the carrier has no immediate interest in new airplanes.

"We are continuing to purchased used MD90s because at today's prices they have a far better return than a 737-800 or an A320," he said. "We will continue to opportunistically look at the used aircraft market."

Asked whether Delta plans to ever take delivery of the 787s ordered by Northwest before it merged with Delta, Anderson responded: "We have no further updates on the 787."

-- Written by Ted Reed

[bigdelta 46]

Here's an unflattering pic:

[Gary 4,100]

I'm one of those capitalist types. Competition is good. I have to say that I'm pleased to see some of the smaller aircraft companies building efficient 100 plus seat aircraft.

 

It's entirely possible that while Boeing and Airbus squabble, these smaller companies will eat their lunch.

[Samsonite 181]

Here is the order totals from the Farnborough Air Show as of Wednesday, 21 July 2010:

 

Airbus:

Aeroflot - 11 x A330-300

Air Lease Corp - 31 x A320, 20 x A321

Garuda Indonesia - 6 - A330-200

GECAS - 60 x A320

Germania - 5 x A319

Hong Kong Airlines - converted 15 XA330 to 15 x A350 (MoU) ordered 10 x A330 (MoU)

LAN - 50 x A320 (MoU)

RBS Aviation - 53 x A320 (previously booked as unidentified customer)

Thai Airways - 7 x A330-300 (MoU)

Total - 5 x A319, 91 x A320, 20 x A321, 17 x A330 (133 firm, new orders).

 

Boeing:

Air Lease Corp - 54 x 737 + 6 x 737 (options)

Air Austral - 2 x 777-200LR (previously booked as an unidentified customer)

American Airlines - 35 x 737-800

Avolon Air Lease - 12 x 737 (ordered in 2009)

Emirates - 12 x 777-300ER (30 total, 18 were previously ordered this year as an unidentified customer)

GECAS - 40 x 737-800

Norwegian Air Shuttle - 15 x 737-800 (exercise of purchase rights)

OK Airlines - 10 x 737-800 (previously booked as an unidentified customer)

Qatar Airways - 2 x 777-200LR (previously booked as an unidentified customer)

RBS Aviation - 43 x 737-800 (previously booked as an unidentified customer)

Royal Jordanian Airlines - 3 x 787-8 (previously ordered as an unidentified customer)

Total - 144 x 737, 12 x 777-300ER (156 firm, new orders).

Edited July 22, 2010 by Samsonite

[BigDUSA 71]

EVERETT - Bad news for Boeing. The company is reporting falling profits.

 

Boeing just released its second quarter earnings saying profits fell 21% as revenue dropped off in both its commercial airplane and defense units.

 

Profit for the quarter fell to $787 million, from $998 million a year earlier. Revenue fell more than 9% to just over $15.5 billion.

 

Boeing also says that the first delivery of its new 747-8 may slip into early next year. It has already said the same thing about its new 787.

QUOTE

[Samsonite 181]

"While EADS CEO Louis Gallois stated on Friday the 23rd that the A350 program is "not in any way delayed", the French paper La Tribune today (the 27th) ran an article by Michel Cabirol stating that the program is running behind and will not meet the planned EIS date. It appears Mr. Cabriol is using suppliers and "people at the closest levels to the program" as his sources and he claims this is not an "idle rumor". The majority of these sources claim the delay will be around 12 months, though some believe it could be 18 and a few believe it could be less than 12 months.

 

Airbus COO Fabrice Brégier also denied at Farnborough that the A350 program is delayed and noted that all but a couple of "critical" industrial equipment is in place to begin production. He reiterated that they are planning first flight in a year, but he did add the caveat "if we do not have any uncertainties". Mr. Brégier also admitted that Airbus had experienced issues with the electrical systems integration into the CFRP fuselage, but that the delays were only a few weeks and he is confident they can catch up. He also stated that launch customer QR will not cut them any breaks for missing their EIS targets.

 

The original article is currently only in French on La Tribune's web page."

 

http://www.latribune.fr/entreprises/indust...irbus-a350.html

 

http://www.airliners.net/aviation-forums/g...d.main/4879501/

[CheshireTom 1,377]

"While EADS CEO Louis Gallois stated on Friday the 23rd that the A350 program is "not in any way delayed", the French paper La Tribune today (the 27th) ran an article by Michel Cabirol stating that the program is running behind and will not meet the planned EIS date. It appears Mr. Cabriol is using suppliers and "people at the closest levels to the program" as his sources and he claims this is not an "idle rumor". The majority of these sources claim the delay will be around 12 months, though some believe it could be 18 and a few believe it could be less than 12 months.

 

Airbus COO Fabrice Brégier also denied at Farnborough that the A350 program is delayed and noted that all but a couple of "critical" industrial equipment is in place to begin production. He reiterated that they are planning first flight in a year, but he did add the caveat "if we do not have any uncertainties". Mr. Brégier also admitted that Airbus had experienced issues with the electrical systems integration into the CFRP fuselage, but that the delays were only a few weeks and he is confident they can catch up. He also stated that launch customer QR will not cut them any breaks for missing their EIS targets.

 

The original article is currently only in French on La Tribune's web page."

 

http://www.latribune.fr/entreprises/indust...irbus-a350.html

 

http://www.airliners.net/aviation-forums/g...d.main/4879501/

 

I can assure you there isn't anyone here arrogant and stupid enough to start predicting on time and to budget.

 

I especially liked the following quote; "The majority of these sources claim the delay will be around 12 months, though some believe it could be 18 and a few believe it could be less than 12 months". I think I would go along with that. Any delay will be around a year, maybe less or maybe more.

Edited July 29, 2010 by CheshireTom

[wacmedia 277]

Hi,

 

When I was coming home over the weekend I noticed A380's in both Qantas and Singapore livery coming into Heathrow. There is also one which comes in from Dubai.(Emirates) I must say the more I think of the 787 the more it reminds me of the De Lorean car.

 

The DeLorean DMC-12 is a sports car that was originally manufactured in Northern Ireland by the DeLorean Motor Company for the American market in 1981–1982. It is most commonly known simply as the DeLorean, as it was the only model ever produced by the company. The DMC-12 featured gull-wing doors with a fiberglass "underbody", to which non-structural brushed stainless steel panels were affixed. A modified version of the car became iconic for its appearance as a time machine in the Back to the Future film franchise.

[BigDUSA 71]

(USA TODAY) - Boeing lost orders for 26 jets during the past week, according to sales figures released on the U.S. jetmaker's website. Cancellations to the company's delayed Boeing 787 Dreamliner model highlighted the cancellations.

 

Bloomberg News says "Boeing ... didn't identify the customers who dropped orders for 15 787 Dreamliners, 10 777s and one 737." Dow Jones notes Boeing "also gained two orders for the business-jet version of its best-selling 737," but the publications adds the 787 and 777 "cancellations mark one of the largest hits to its twin-aisle (widebody) deal book."

 

The 787 will be primarliy built at a facility in North Charleston, South Carolina.

 

The Dreamliner cancellations indicate another bump for Boeing as it tries to bring its much ballyhooed jet to market.

Bloomberg writes "Boeing has [now] lost four more Dreamliner orders than it has won this year as the jet's entry into service continues to slip. Boeing said last month that the target of delivering the first 787 by year's end, which is already more than two years behind schedule, may slide into 2011 because testing is taking longer than planned and workers have discovered more defects."The Everett (Wash.) Herald spells out the numbers, saying that "with this latest 787 cancellation, ... Boeing has received 32 cancellations for its 787 since the beginning of 2010 and just 28 orders." Speaking to the latest 787 cancellation, the Herald says "although Boeing doesn't comment on order cancellations, it no longer lists an order for 15 787s for Dubai Aerospace Enterprise."

 

Still, Dow Jones finds a possible silver lining for Boeing, writing "the latest cancellations are likely to free up delivery slots for other customers, with some models already sold out through 2013 despite plans to boost output from next year."

 

And, China's Xinhua news agency adds that "despite delays in Boeing's delivery of the 787, analysts still like the aerospace giant over the long haul. The company currently has a commercial backlog equal to about seven times its current run rate and is still reaping the benefits of previous orders.

 

Overall, The Seattle Times says "for the year, ... [boeing's] total net airplane orders for the year are 255, driven by 229 commitments for single-aisle 737s." Dow Jones offers a breakdown, saying Boeing "has booked 319 orders for all aircraft types so far this year and canceled 64."

QUOTE

 

Bad week for Boeing.

[CheshireTom 1,377]

Bad week for Boeing.

 

I think the same Dubai-based mob cancelled a load of Airbus aircraft as well. However, on a brighter note ...

 

 

 

Edited August 6, 2010 by CheshireTom