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BUSINESS
August 27, 2011
The Federal Aviation Administration has cleared the way for the new Boeing 787 to take its first commercial flight. Both the FAA and European regulators certified the plane for flight Friday. Boeing Co. completed flight tests on the 787 this month. Boeing plans to deliver the first 787 to Japan's All Nippon Airways in September. The airline plans to fly it for the first time as a charter on Oct. 26 and begin regular service Nov. 1. Because of various production problems, delivery is about three years late.
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BUSINESS
July 13, 2012 | Bloomberg
U.S. aviation regulators proposed to fine Boeing Co. $13.6 million for delays in telling airlines how to install devices on 383 aircraft to prevent fuel-tank explosions. Boeing was given a Dec. 27, 2010 deadline to submit instructions on how to add the systems in its U.S.-registered 747 jumbo jets and 757 single-aisle planes, according an e- mailed statement today by the Federal Aviation Administration. The Chicago-based company missed the deadline for 747s by 301 days, and was 406 days late for 757s, according to the FAA release.
BUSINESS
October 2, 2009 | Associated Press
Northrop Grumman Corp. beat out rival Boeing Co. for a $3.8-billion deal to provide logistics services for a fleet of KC-10 aerial refueling tankers, the Pentagon said Thursday. Boeing, based in Chicago, builds the KC-10 and currently holds the current service contract for the plane, which is set to expire in January. It has been providing 24-hour service seven days a week on the aircraft since 1998. Boeing expressed disappointment over the Air Force's selection, saying it would review the decision before taking any further action.
BUSINESS
October 15, 2009 | W.J. Hennigan
When Boeing Co. unveiled plans to build the 787 Dreamliner, the aircraft was touted as revolutionary, a major technological shift in the way a plane is made and in the way it operates. But revolutions rarely come without a struggle. The 787 is now more than two years behind schedule and by some estimates is costing Boeing $4 billion more to develop than planned. The troubled jetliner has also set back other Boeing projects, analysts say, and has left some suppliers financially strapped.
BUSINESS
July 6, 2013 | By W.J. Hennigan
The type of aircraft flown by Asiana Airlines that crash-landed at San Francisco International Airport on Saturday has long been regarded as one of the safest passenger jets ever developed. Since Boeing rolled out its first 777 to a huge crowd at its manufacturing facility in Everett, Wash., in 1994, more than 1,100 have been built and only one had been in a major accident, with no fatalities. On Saturday, Asiana Flight 214 from Seoul, South Korea, crashed after touching down on Runway 28, killing at least two passengers and injuring dozens of others.
BUSINESS
April 26, 2012 | By Tiffany Hsu, Los Angeles Times
Boeing Co.'s profit soared 58% in its first quarter as it built more efficient planes for airlines struggling with high fuel costs. The Chicago company earned $923 million, or $1.22 a share, compared with $586 million, or 78 cents, during the same period a year earlier. Its revenue boomed 30% to $19.4 billion. Boeing said it delivered 137 commercial planes during the quarter, and it has orders to build more than 4,000 others valued at a record $308 billion. The aircraft maker said it has more than 300 orders for its new fuel-efficient 737 Max jetliner.
BUSINESS
February 24, 2011 | By W.J. Hennigan, Los Angeles Times
After a decade of embarrassing missteps and disputes, the Pentagon handed the first phase of a job-rich $35-billion contract to Chicago-based Boeing Co. to build a fleet of 179 aerial refueling tankers that carries the promise of work for an estimated 50,000 aerospace employees. In an announcement that took industry experts by surprise, word came down late Thursday that Boeing had bested archrival Airbus and its parent company European Aeronautic Defense & Space Co., or EADS to build 18 planes for $3.5 billion.
BUSINESS
December 14, 2011 | By Hugo Martín, Los Angeles Times
Amid rising airfares and growing airline traffic, Southwest Airlines announced an order of 150 new Boeing jets that are designed to be up to 18% more fuel efficient than many of the older planes being replaced. The order of Boeing 737 MAX aircraft combined with a previous Southwest requisition of 200 new jetliners amounts to the largest plane order in Boeing history. The Dallas airline will be the first to take shipment of the 737 MAX, a narrow-body plane with a larger, quieter and more fuel-efficient engine than older models.
CALIFORNIA | LOCAL
July 16, 2013 | By Victoria Kim and Kate Mather, This post has been corrected. Please see details below.
Eighty-three of the passengers who were on Asiana Airlines Flight 214 that crash-landed at San Francisco International Airport took steps to sue the aircraft's manufacturer, Boeing, a law firm representing the passengers announced Tuesday. A petition beginning a lawsuit has been filed in Chicago, where Boeing is headquartered, according to a press release from the firm, Chicago-based Ribbeck Law Chartered. Papers will be filed in the coming days against Asiana Airlines and component part manufacturers, attorneys said.
BUSINESS
October 23, 2011 | By W.J. Hennigan, Los Angeles Times
The gig: As vice president and general manager of Boeing Co.'s space and intelligence systems, Craig R. Cooning, 60, leads one of the world's largest satellite operations with major facilities in El Segundo and Seal Beach. A retired Air Force two-star general who oversaw military purchases of rockets and satellites, Cooning now oversees 6,400 employees, including workers at Boeing's 1 million-square-foot facility in El Segundo near Los Angeles International Airport. It is there that the company builds school bus-size satellites that provide the military with high-definition video, radio communications and data services.
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