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BUSINESS
February 23, 2012 | By W.J. Hennigan, Los Angeles Times
Boeing Co. has discovered a flaw in fuselage sections that may affect 55 of its new 787 Dreamliner jets and slow some deliveries, James Albaugh, Boeing's chief executive for commercial airplanes, said Wednesday. The Dreamliner is an all-new commercial jet that is largely made of lightweight carbon composites rather than sheets of aluminum. The plane made its first passenger flight with All Nippon Airways in October, but it was more than three years late because of design problems and supplier issues.
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BUSINESS
December 5, 2009 | By W.J. Hennigan
For decades, workers at McStarlite Co. in Harbor City pounded billboard-size sheets of metal into doughnut-shaped parts called lipskins that cover the edges of Boeing Co. jet engines. But about 10 years ago, Boeing switched suppliers after McStarlite refused to cut prices to levels that the aerospace giant wanted. To stay afloat, McStarlite turned to Boeing's archrival, Airbus. "I felt betrayed when Boeing left," said Simon Menzies, general manager at McStarlite. "But then Airbus came along and we've been doing business together ever since."
BUSINESS
September 26, 2011 | By W.J. Hennigan, Los Angeles Times
At long last, Boeing Co.'s first 787 Dreamliner is set to be delivered Monday to Japanese carrier All Nippon Airways Co., ending the anticipation among aviation enthusiasts who thought this day might never come. A celebration of the first delivery will be held Monday in Everett, Wash. A webcast and live satellite feed will include special activities at the Boeing's plant there with Boeing and All Nippon's employees and executives. The first passenger flight is scheduled for Oct. 26. Once expected by May 2008, delivery has been delayed several times, and passenger-ready planes are now expected on the runway by fall.
BUSINESS
November 17, 2009 | Bloomberg News
Boeing Co., whose 787 Dreamliner jet has been delayed more than two years by production difficulties, was sued by investors claiming company executives made misleading public statements about when the aircraft would be flight ready. The city of Livonia, Mich., employees' retirement system filed the complaint Nov. 13 in federal court in Chicago, seeking class-action, or group, status on behalf of all investors allegedly misled by statements made from May 4 to June 22. Also named as defendants were Boeing Chief Executive W. James McNerney and Scott E. Carson, who in August announced he would step down from leading the Chicago-based company's commercial airplane division.
BUSINESS
August 28, 2009 | Julie Johnsson
The first Boeing 787 Dreamliner, which is more than two years behind schedule, should fly by year's end, and the first of the largely composite jets will be delivered to All Nippon Airways by the end of 2010, the company announced Thursday. Boeing Co. also intends to take a $2.5-billion pretax charge, or $2.21 a share, for the repeatedly delayed jet. The Chicago-based aerospace manufacturer is writing off the value of the first three Dreamliners it makes after determining there were no takers for planes that were tons overweight and that bear a patchwork of structural fixes.
BUSINESS
July 9, 2012 | By W.J. Hennigan
Los Angeles billionaire Steven Udvar-Hazy opened this year's Farnborough International Airshow in England with a blockbuster order for jets worth $7.2 billion in list-price value from aerospace giant Boeing Co. The chief executive from Air Lease Corp., the aircraft leasing firm in Century City, made a firm order Monday for 75 of Boeing's new, fuel-efficient 737 MAX jets.  Air Lease buys aircraft and rent them to airlines worldwide for...
BUSINESS
September 15, 2010 | By Julie Johnsson
Boeing Co. received billions of dollars in illegal government subsidies, including $25 million in incentives that Illinois provided the plane maker to relocate its world headquarters to Chicago in 2001, a panel of the World Trade Organization determined. The WTO report is confidential and was released to U.S. and European trade officials Wednesday. It is the first ruling in the second of dueling trade cases filed by the U.S. and European Union against each other last decade alleging that aircraft manufacturers had received unfair government support.
BUSINESS
October 8, 2004 | From Bloomberg News
Boeing Co. may sell planes to Libya's state-owned airline after the U.S. last month lifted sanctions imposed on the country 18 years ago. Libya, Africa's biggest holder of oil reserves, is in talks to buy 777 and 737 models for Tripoli-based Libyan Arab Airlines, Boeing said. The U.S. declared Libya a "state sponsor of terrorism" in 1979 and imposed economic sanctions in 1986. Chicago-based Boeing is trying to regain its position as the No.
BUSINESS
June 26, 2011 | Michael Hiltzik
In the quaint old days, even the most ravenous publicity hounds in Congress would hold off announcing a big investigation until they had something to investigate. As is shown by the furor enveloping a National Labor Relations Board case involving Boeing Co., those days are gone. The NLRB is looking into whether Boeing chose to establish a manufacturing plant for its new 787 airliner in South Carolina to punish its unionized workers in Everett, Wash., which would be illegal.
BUSINESS
December 12, 2007 | From Bloomberg News
Boeing Co. said Tuesday that it was still working through "wrinkles" in the supply chain for its new 787 Dreamliner and hoped to deliver the first aircraft in late 2008. There are still "significant supply-chain wrinkles," said Scott Carson, chief of Boeing's commercial airplane group. Parts shortages are declining and there's greater availability of fasteners needed to assemble the aircraft, Chicago-based Boeing said.
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