ST Aerospace (Booth L01) has signed a contract with Shenzhen, China-based cargo carrier SF Airlines for the conversion of five passenger Boeing 757s to freighters. The deal also includes options for the conversion of three more aircraft.
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Boeing sees its new maritime surveillance aircraft (MSA) based on the Bombardier Challenger 605 business jet as potentially a starter platform for countries eyeing the higher-end P-8 Poseidon the company is supplying to the U.S. and Indian navies.
Boeing delivered a bullish market forecast for airplane sales in the Asia-Pacific region on February 10, citing strong anticipated economic and passenger growth over the next 20 years. The manufacturer expects that the region’s gross domestic product will grow at 4.5 percent annually over the next two decades, fueling annual passenger traffic growth of 6.3 percent and cargo growth of 5.8 percent.
Boeing’s Charleston, South Carolina 787 factory has experienced a higher number of behind-schedule jobs involving the airplane’s mid-body section than originally anticipated, requiring it to apply “additional resources” to help flow times progress to a satisfactory level, Boeing CFO Greg Smith acknowledged during a conference call the company held Wednesday to discuss its fourth-quarter earnings.
Norwegian Air Shuttle reported on Wednesday that it remains unsatisfied with the reliability of its three Boeing 787s following Sunday’s incident in which a problem with a fuel valve delayed a flight between Bangkok and Stockholm for 19 hours. Norwegian Dreamliners have suffered a series of maintenance glitches such as erroneous fault warnings, costing the airline revenue and standing with its customers.
Greenpoint Technologies, a Kirkland, Wash.-based aircraft completions center for Boeing Business Jets, signed a second private Boeing 787 completion contract. It won its first 787 completion contract, for an undisclosed customer, last month. The center has been preparing for its first 787 interior outfitting project for the past seven years, sending teams to attend Boeing symposiums and to study the aircraft’s systems and composite fuselage structure.
Boeing’s machinists voted last Friday to accept some steep contract concessions in return for management’s promise to build the 777X in the Puget Sound region of Washington state, finally succumbing to corporate pressure to relinquish their defined benefits pension plan for a 401k-style arrangement. The vote hardly reflected any sort of consensus, however, and highlighted a rift between workers willing to stand on a principle and those who claim a responsible sense of pragmatism.
Boeing set a company record in 2013 for the most commercial airplanes delivered in a single year with 648, the company announced Monday. Its unfilled commercial orders stood at 5,080 at the end of the year, also a new Boeing record.
U.S. civil aircraft sales will increase by 7.7 percent, to $67 billion, this year, providing the only growth within an aerospace sector that will see overall flat results. Total aerospace sales, including sales of military aircraft, missiles, spacecraft and related products and services, will total $220 billion, down about $2 billion from 2012, the Aerospace Industries Association (AIA) estimates.
A busy couple of weeks for the executives heading Boeing’s 777X production site search perhaps overshadowed other significant developments, including an announcement last week that the company will help build a new full-service training facility in Russia and the revelation of plans to restructure its research and technology organization (BR&T) through the establishment of research centers in Alabama, California, Missouri, South Carolina and Washington state.