Latest news with #777X
Yahoo
2 hours ago
- Business
- Yahoo
Boeing kicks off production of 777-8 freighter, the Seattle Times reports
(Reuters) -Boeing has kicked off production of its newest freight carrier, the 777-8, the Seattle Times reported on Tuesday. The aircraft, which has a revenue payload of 112.3 tonnes, was first announced in 2022 at the White House. Boeing had then said that Qatar Airways would be the first customer, with an order for 34 jets and options for 16 more, and a total purchase price of $20 billion. While Boeing originally said they expect to deliver the first aircraft in 2027, the timeline has been delayed by a year, the report said. The 777-8 freighter has the lowest operating costs per tonne, most fuel efficiency and the lowest carbon dioxide emissions among the 777X family of aircraft, according to Boeing's website. Boeing did not immediately respond to a Reuters request for a comment.
Business Insider
5 days ago
- Business
- Business Insider
'Full Access to Indonesia' Means Another Big Boeing (NYSE:BA) Buy
If Kelly Ortberg is not preparing a fruit basket or something for President Donald Trump, it would be a sign of remarkable ingratitude. Because Trump once again proved himself the best sales rep that Ortberg never hired. Aerospace stock Boeing (BA) actually managed to slip fractionally in Tuesday afternoon's trading despite a hefty new sale in Indonesia. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. President Trump once again brought a major win to Boeing's doorstep, as a recent deal set between the United States and Indonesia meant a 19% tariff rate for Indonesia, a 0% tariff rate on American goods going into the country, and a deal for 50 new jets for Boeing. The details were kept somewhat quiet, but President Trump noted that 'many' of the Boeing planes purchased would be 777s. Given that the 777X is not yet certified, Indonesia must be prepared to wait a while to get their hands on these. Beyond that, the early numbers released suggest that the $18 billion trade surplus Indonesia has with the United States would be effectively gone as a result. But How Many 787s Can They Make? While Indonesia is waiting on its 777s, Boeing is considering production rates on its 787 lineup. And Boeing has very ambitious plans to produce the widebody jet, increasing production on them to 16 a month. This is just for one plant, as well. Specifically, the Charleston, South Carolina plant, which by itself would produce somewhere around double its previous production. The previous record production pace was 14 a month, and that rate was split between Charleston and the Everett plant in Washington state. Thus, depending on the exact rate of the split, which was unavailable, Charleston may be on track to double production outright. This would require an upgrade, as Charleston can only handle 12 787s a month, based on an analysis from 2020. But back in December, Boeing announced plans to drop a full billion dollars on upgrades for the Charleston plant. And given that Boeing wants to hit that 16-a-month target rate by 2030, the upgrade may come just in time. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 18 Buys, two Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 24.43% rally in its share price over the past year, the average BA price target of $233.25 per share implies 1.79% upside potential.
Business Insider
15-07-2025
- Business
- Business Insider
Boeing Stock (NYSE:BA) Gains as Fuel Switches Pass Muster
Good news for aerospace stock Boeing (BA) emerged as the Air India crash just became a lot less like Boeing's fault. The fuel control switches recently passed safety checks with the Federal Aviation Administration (FAA), removing a major potential cause of the crash. That was good enough for investors, who gave Boeing shares a modest boost in Monday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The fuel safety switches became a major part of the analysis of the Air India crash, especially after a preliminary report released from investigators noted that fuel to the Dreamliner's engines had been cut just moments after takeoff. This provided an excellent explanation for why the aircraft's Ram Air Turbine (RAT) system deployed, but became a question in and of itself. Reports from India's Aircraft Accident Investigation Branch (AAIB) note that the fuel cutoff switches had been moved from 'run' to 'cut-off.' Doing that accidentally is virtually impossible as the switches are specifically designed to protect against such accidents. The AAIB also noted a 2018 FAA advisory that urged airlines to check that locking feature to ensure the protection they provided was actually working. Air India did not take that advice to heart, reports noted. One Step Closer for the 777X Better yet, the 777X line is also getting closer to seeing service. While there are still several months between now and the official launch, some recent retooling work has brought Boeing one step closer. The 777X line is now on track to be certified this year. And with EIS approval next year, the 777X may finally start going into production and seeing wide use. The 777X line has already come a long way, with the GE9X engines requiring removal and return for an outright redesign due to 'technical issues.' Moreover, the software needed to be revamped as it was calling for '…uncommanded nose-down flight anomalies.' A full review of work on the 777X following the 2018 and 2019 737 Max crashes, and even the rise of COVID-19 itself, prompted further delays that are only now being fully addressed. But all this has been addressed, and now, the 777X is closer than ever to release. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 18 Buys, three Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 26.65% rally in its share price over the past year, the average BA price target of $233.25 per share implies 1.52% upside potential.
Business Insider
20-06-2025
- Business
- Business Insider
Why Airbus's huge deal with Saudi Arabia's new airline is a major win for the A350
Airbus's enormous A350-1000 plane has attracted a lot of attention at this week's Paris Air Show. The star passenger jet of the flying display, many people stopped in their tracks to watch it twist and turn above Le Bourget Airport, while a Johann Strauss waltz played over the show's loudspeakers. But for Airbus, the real victory was Monday's order from Riyadh Air. Saudi Arabia's ambitious new airline ordered 25 A350-1000 s, with options for up to 25 more. The prices weren't disclosed, but according to Ishka, an aviation data and advisory firm, one of these planes delivered this year would be worth around $172 million. That would make the deal worth over $4 billion, although planemakers typically give discounts for big deals with airlines. These enormous jets will play a vital role as Riyadh Air seeks to help turn the Saudi capital into a top tourist destination — a key part of the kingdom's Vision 2030 plan to diversify its economy. Riyadh Air, set to start flying later this year, is expected to operate a hub-and-spoke route model — connecting destinations around the world via its home base. This requires owning large-capacity planes for the most popular routes. Emirates operates similarly, hence its big bet on the double-decker Airbus A380. Riyadh Air kicked off its program with an order for up to 72 Boeing 787 jets, but tapped Airbus for its first narrow-body order of 60 A321neos. Riyadh Air CEO Tony Douglas previously told Business Insider its extra-wide-body planes would "almost certainly" include a first-class cabin, unlike the 787s. The A350-1000 can carry up to 410 passengers in a typical three-class layout and has a range of over 9,000 miles. It competes with Boeing's 777X, which has a wider fuselage and more modern technologies, but has been hampered by delays. While Boeing showed the plane at the last Paris Air Show in 2023, it wasn't displayed at Farnborough last year during the planemaker's safety crisis, nor this year due to ongoing flight tests. It was initially supposed to launch in 2020, but has since been postponed until 2026 as it awaits certification. However, the A350-1000 has also faced some challenges. It has a checkered history with Middle Eastern carriers, primarily due to issues from the hot and sandy climate in the region. This made headlines at the 2023 Dubai Air Show after Emirates boss Tim Clark slammed the plane's Rolls-Royce engines. In harsher environments, the engines require more frequent maintenance. Emirates instead placed a smaller order for the A350-900, which uses a different type of Rolls-Royce engine. Meanwhile, it is Boeing's biggest customer for the 777X, responsible for nearly half its 551 orders. Rolls-Royce has invested over $1 billion to improve the durability of its Trent engine family, which its president of civil aerospace referenced in its Riyadh Air announcement. Qatar Airways has also been unhappy with the A350 in the past, temporarily grounding its fleet. The type's launch customer sued Airbus in 2021, alleging that safety was compromised because cracked paint exposed the copper mesh, which protects the plane from lightning strikes. Airbus said the problem was only cosmetic and filed a countersuit before the dispute was settled in 2023. Now with a sizable order from Riyadh Air, it's clear the A350's reputation is improving with a new lease of life.
Boston Globe
12-06-2025
- Business
- Boston Globe
A look at Boeing's recent troubles after Air India crash
Advertisement 737 Max The Max version of Boeing's best-selling 737 airplane has been the source of persistent troubles for Boeing after two of the jets crashed. The crashes, one in Indonesia in 2018 and another in Ethiopia in 2019, killed 346. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up The problem stemmed from a sensor providing faulty readings that pushed the nose down, leaving pilots unable to regain control. After the second crash, Max jets were grounded worldwide until the company redesigned the system. Last month, the Justice Department reached a deal to allow Boeing to avoid criminal prosecution for allegedly misleading US regulators about the Max before the two crashes. Worries about the plane flared up again after a door plug blew off a Max operated by Alaska Airlines, leading regulators to cap Boeing's production at 38 jets per month. Advertisement Financial woes Boeing posted a loss of $11.8 billion in 2024, bringing its total losses since 2019 to more than $35 billion. The company's financial problems were compounded by a strike by machinists who assemble the airplanes plane at its factories in Renton and Everett, Washington, which halted production at those facilities and hampered Boeing's delivery capability. Orders and deliveries The stepped-up government scrutiny and the workers' strike resulted in Boeing's aircraft deliveries sliding last year. Boeing said it supplied 348 jetliners in 2024, which was a third fewer than the 528 that it reported for the previous year. The company delivered less than half the number of commercial aircraft to customers than its main rival Airbus, which reported delivering 766 commercial jets in 2023. Still, Boeing's troubles haven't turned off airline customers from buying its jets. Last month the company secured big orders from two Middle Eastern customers. The deals included a $96 billion order for 787 and 777X jets from Qatar, which it said was the biggest order for 787s and wide body jets in the company's.
