by Richard Schuurman | Jun 6, 2021 | Boeing |
Boeing CEO David Calhoun is careful with rate increases. He isn’t willing to announce increases that go too far into the future. A wrong signal to suppliers might backfire on Boeing if predicted numbers fall short, Calhoun said on June 3 during a Bernstein Strategic...
by Richard Schuurman | May 5, 2021 | Aerospace |
Lower production rates at Boeing and Airbus combined with quality issues on the 787 Dreamliners have forced tier-1 aerostructure supplier Spirit Aerosystems to make a $72.4 million pretax forward charge. The loss is caused by the 787 and A350 rates and issues, the...
by Richard Schuurman | Apr 28, 2021 | Boeing |
On two occasions, on January 27 and again today on April 28, Boeing’s Chief Financial Officer Greg Smith warned analysts of the need of taking a reach-forward loss on the 787. But even now, with Dreamliner production being hampered by quality issues, Boeing hasn’t...
by Richard Schuurman | Apr 28, 2021 | Boeing |
Boeing reported a first-quarter net loss of $-561 million compared to $-641 million in the same quarter last year, it said on April 28. The Group’s operational loss was $-83 million versus $-1.353 billion in 2020. Revenues were lower as the 787 delivery pause cost...
by Richard Schuurman | Apr 21, 2021 | Airlines |
Emirates has enough cash to sit out for the next six to eight months but is not ruling out the need for extra funding if the recovery from the pandemic will take longer. This could be through the UAE government providing more equity or by adding more debt to the...
