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Wednesday, April 1, 2015

Boeing.Com Alert ! Standard Reports is Changed!

Boeing has revamped its web page starting in April 1, 2015.

The orders and delivery page is completely changed in look but not function as you carefully consider each standard report.

Boeing Orders and Deliveries Link

In fact some tables download directly to excel or another spreadsheet format. I don't like change. I don't like getting old. But a better working Boeing interface is a good thing for all those who hang on to  Boeing change management reports. Spend some time between breaks, before your next water cooler trip and see what has changed. Time well spent when spinning a blog.

April-Boeing 1st Quarter Recap

The below tables represent a snapshot of Boeing 787 production pacing and overall sales for 787 family of aircraft. Even though the prior Winging It blogs  have used tables concerning the 90 day moving average, it was necessary for some simplification illustrating both total sales and backlog of the aircraft.

The first table is the big picture using backlog as the key indicator for production and sales. Many production bumps are contained in the numbers as well as those missed sales opportunities and Boeing wins. It is a solid and stable chart, which encourages the investor during the first four years as Boeing gained control with its 787 program, and it is growing into its promised potential.

The second table below illustrates whether Boeing has met its own delivery governance for a ninety day period. Boeing has met its governance during first quarter 2015 with 10 787 delivered on average!

Table analysis and notes:
  • Boeing sales has also maintained an ever increasing backlog during the 2011-14 time period, and should have a similar backlog by the end of 2015, when compared with its first delivery year backlog found in 2011. Boeing delivered 258 total 787 and booked a total of 339 new orders during the period charted. A net backlog increased by 81 787's from the 2011 to 2015 period. 

  • Boeing demonstrates a determination for meeting its production and delivery advice with 10 787's  a month delivery pacing, even after a typical Holiday production pause.

  • Program Snapshot Table since 2004 until March 21, 2015, demonstrates the steady build progress and continued sales effort. 



First Quarter 787 Inventory Comparison and Analysis For 2011-2015

   2011 2012       2013       2014       2015     Total
Beg Backlog 736 778 773 891 842 736
Delivered 3 46 65 114 30 258
Ordered 45 41 183 65 5 339
Ending Backlog 778 773 891 842 817 817
Back-Log Delta 42 -5 118 -49 -25 81


90 Day Moving Average Table

  01/31/2015 2/28/2015 3/31/2015     Results 
In Months Delivery 7 12 11 30
Moving Average 10
Goal 10
Goal Trend 0


Complete 787 program annual Order Additions and Delivery Subtractions 

Year Yearly Orders Yearly Delivery
2004 52 0
2005 197 0
2006 99 0
2007 269 0
2008 59 0
2009 24 0
2010 36 0
2011 45 3
2012 41 46
2013 183 65
2014 65 114
2015 4 30 Back-Log
Totals 1074 258 816

Tuesday, March 31, 2015

KC-46 Tanker Tanks Progress a Few More Months

The KC-46 Pegasis tanker still needs additional time as reported by the Puget Sound Business Journal. The March 26, 2015 article explains how additional time is required will not impede its ultimate delivery date in 2017. In fact, the tanker was scheduled as being fully loaded by April 2015. The date now moves to Late June (probably August) 2015. This three (probably five) month time bump is not serious during this stage of development. Other developmental progressions scheduled for the KC-46 tanker continue congruently with the delayed portion of the project. The workload shifts slightly when installation and validation of systems are carefully reordered. A first time production of any prototypical and systemic installation has the two headed conditions; of where it should be according to the plan; or where it actually is during the program in its reality mode. the KC-46 program progress is in reality mode at this time and a good thing too.

System stuffing in the KC-46 will be complete by August 2015 instead of the planned April 2015 deadline, including the tricky boom installation in question. Then its go time for flying its systems testing on the first 767 KC-46 2c. Early in 2016 will be the first of the 18 KC-46 completions, as it will begin assembly during this same period. Boeing will upgrade production copies on the ground during the testing phase until it ends.  Noting testing updates and risks retirement can be applied to the completed delivery queue waiting for final readiness, It gains back some time for Boeing's original delivery date for 2017. I only assume this from Boeing's 787 program, when they built 40 to 50 787's before final configurations, risk retirements, and updates were applied while they "rested on the flight line".

This first group of KC models may rest on Everett's flight lines until testing is complete.  It took several years until further 787 completeness was enacted, through its Change Incorporation and Rework Centers. It won't take several years for the military, since the 767 airplanes and its complimentary engines are a known and solid factor. It will only take weeks from installing the remaining ongoing changes accumulated throughout the program, as it chases the continuous improvement model. Upgrades are made when solutions are determined in process. It only has to consider new military systems interfacing with well developed Boeing systems. They have its arms around that consideration at this time.


Boeing KC-46 December 28 First Flight, Boeing Photo

All this was projected and promised in a timeline by Boeing to the Military. The phase of the project has moved to installation of all new system applied to the airframe. An earlier wiring problem with the schematic did not adhere to military redundancy and survivability codes. Five different power sources intersected at one point. The main electrical power wiring needed five separate routes not a junctions at one point, in case of a damaging or a coincidental hit during combat. This problem has been corrected, as it had added additional time into the project. This reinstallation compounds the time penalty as it affects the built-in slack time needed for such occurrences during a project. The cushion it had open for dealing with other "normal" developmental problems as it occurs is gone. As the schedule reaches closer to the development cycle conclusion, all the pent up delays are pushing out the first delivery window a few months.


Boeing Video KC-46 First Flight

The parts suppliers are having issues of timely delivery for essential refueling tools, as supplier design changes are encountered coming from both the military and Boeing engineering. This rolls back the time further as they are coping with the now tightened schedule. In response Boeing has deployed its personnel to various affected parts suppliers for shoring up critical mission parts, such as the aerial boom and the wing's flexible refueling pods undergoing newly required upgrades passed through Boeing to the supplier. Eight months of delay has been absorbed through the program from waiting for its suppliers who are making the necessary changes, thus making the initial fully operational first flight targeted for later in June. The Pentagon and Boeing are hoping for an end of June date going fully operational on the initial fully equipped test Tanker.

But a rule of thumb from "Winging IT" says 60 more days past middle June is likely, considering all the identified improved parts in the pipeline, and as all military systems become compliant with Boeing systems. Full implementation is yet to be achieved at this time until all parts and programming, flows into the assembly of the first four test frames. The Tanker status is in a "normal first time airplane manufacturing phase", as it experiences issues encountered for any military venture. Nothing here is showing up as a project stopper. The pentagon and congress should be pleased at this point, and they will go after "The Tanker  Project loose ends, conducting its part with due diligence.

However, Boeing is saying and the Air Force concurs, who is working closely side by side on this first flying copy, there is enough time to meet its 2017 deadline for an on time project conclusion. The news in this case, is really an inside look at any project churning out new technology and new systems concepts. The main understanding is realised by both parties. The estimated "contingent time slack" is gone, if it is to deliver in 2017. Both Boeing and the Air Force believe any show stoppers have been dealt with while the product schedule can be maintained, as the airframe is loaded with its all the secret systems. At this point I assume those systems have been ground tested or flown on test bed aircraft long ago. It remains to test on the actual first KC-46 frame fully loaded. Then it will build the first bunch.

Having the program this far along with so few major change-orders is a good indication the purchasing concept of using a well tested commercial frame is avoiding many of the time draining problems arising from an all new frame. Airbus is still working out its kinks on the A400 multi-tasking military transport after many years. Boeing will have proven engines, wings and 787-like avionics going in its favor before delving into the plug and play schemes brought on board  for the tanker. This is no F-35 clean sheet attempt. It purports to be the best of both worlds, proven ruggedness and all new advancements. Its a perfect military requirement.

Sunday, March 29, 2015

The 787-9 is the Giant Fuel Price Slayer

It is known that lower fuel price gives comparable status for the 777-200 with the 787 -9. In fact  Seeking Alpha Link has expressed with diagramming on whether the 777-200 can beat the 787-9 with lower fuel prices considering passenger load factors. Passenger load is defined as the number of seats filled on average compared to the number of seats available. If a 777-200 seats 316 persons and the load factor averages 85%, then it sells 268 seats each trip. If an airline sells that average, then the same number of seats sold fills 91% of a 294 seat 787-9.  The point is made through graphing, when the 777-200 at some point intersects with 787-9 profitability after fueling at the current lower fuel price. The article makes this point well.


Image result for 787-9
The reality is what is facing airline research teams when buying the 787-9. The 787-9 is the more real option in the long run. Prices will rise because Jet A potential is finite.

Simple observations:

  • Finite Oil Reserve
  • Fuel by Crops becomes more expensive from production expense.
  • Increased passenger demands increases fuel prices.
The theme above is fuel prices will naturally rise significantly and airlines know this fact. The current fuel price dip is a unnatural geo political economic condition brought by market imposition from oil producing nations. 

The main concept for buying the 787 during lower fuel price period comes from the over-arching theme, efficiency is for higher fuel prices. The 787-9 is the most efficient wide body flying.. It will slay Giant fuel prices. The airlines know this graphically, statistically and profitably. It was not made for lower fuel prices which have a temporary nature. It was made for swinging at high fuel price fastballs with the fat part of the bat.

Seeking Alpha feature goes to the detail making sure the reader understand whether KLM is better off with its 777-200 or 787-9. My answer is no, the 777-200 is only a placeholder for the 787-9 arrival. If it is chasing the moving low fuel price target keep the 777-200. Low fuel prices are gone by 2016. An order filled takes five plus years where chances are fuel prices are doubled over today's prices. The doubling fuel price effect hits the fat part of the 787-9 bat, and all today's graphs become a moot point. Where they become only an important what if graph.

KLM should be pondering a 787-10 purchase if it perceives any passenger growth within its business model. At 323 passengers, the 787-10 is within a passenger step growth pattern. Buying the 787-9 having a 91% capacity average indicates a need for the 787-10 if KLM grows it market. The 8,000 mile range 787-10 will touch all its current route destination with greater capacity than both the 777-200 and 787-9. The stable compliment is part of a natural passenger growth progression as the travel world continues to grow. The higher fuel prices puts a shine on the corporate apple if equipped right.

Saturday, March 28, 2015

Boeing's 100 787 Order Year Depends On Emirates and the Devil

Hainan    30
Emirates 70
Total      100

It is a stretch thinking Emirates will come through in 2015, booking more 787. However the robust and trouble free last twelve months sounds promising for Boeing. Tied up in the Boeing order quandary is Emirates penchant for the A380 and Rolls Royce engines. They, Emirates wants the A380 NEO with rolls engine. Dangling a new A350 order in front of Airbus as an incentive since it cancelled an Airbus order for 70 last year. Is this a form of airplane thuggery or just a way  of showing money talks as the saying goes?

Somehow Boeing got messed up in these dynamics with its 787 offering. No other Airbus A380 customer really cares about what Emirates wants as a counterpoint for additional Airbus A380 purchases. Also, at some point the whole Boeing strategy could come unraveled with an additional 200 or more A380 ordered by Emirates. Simply, Emirates three years down the road may decided having 440 A380 on the books is not such a grand idea after-all. That becomes a big Airbus risk with Emirates. They are hesitant ramping up a Rolls equipped A380 NEO for the sake of one customer ideas. Emirates counters with "we are talking to your arch rival Boeing" on some more 787, savvy.

Airbus is between a hard place and a rock with the A380s. It has a dwindling backlog and a saturation of capable airports for landing the giants. Emirates offers a compliant hub for that matter, but that only represents one half of the travel side for a connection. It still has to fly to a destination capable of handling the A380 that may already be at max airport capacity. There are many moving elements when ordering 200 or more A380NEO's fitted with Rolls Royce engines. Emirates may not trump the market with its own strategy. The 70 A350 it had canceled, may stay cancelled, and the threat of a Boeing order may become a reality. As much as Airbus would like never turning down a customer, it may have to to save itself from its own greedy aspirations, and from ruining the company in the long run.

Two hundred more A380 NEO ordered doesn't take Airbus past a breakeven point for the program, after adding in NEO cost and testing resources to the program. A NEO A380 comes too soon in the A380 life cycle, as the first of its type are too new and are far away in time from replacing during its normal life cycle. Follow-on orders, after a Emirates A380 NEO initial order are non existent. A prospective 200 Emirates order is a non starter for Airbus, and will drive any profitability to the loss column. The threat of a Boeing order is the bait where Airbus should consider this as a rational consideration. Emirates already cancelled Airbus once. Boeing shouldn't never count on seventy 787 from Emirates. It should count on selling 60 787 worldwide with its other customers for the remainder of 2015.

The flirtatious order book for Boeing is making a deal with the devil. They should message Emirates as a serious contender who doesn't want to be played with faux kisses and winks, as the real goal of Emirates is ruining Airbus for its own gain.

Boeing Needs A Cross-Over

Boeing couldn't build the 787-300 before it built the 787-800. Its common sense, establishing the benchmark first before defining a cross-over model. A 787-300 had nothing to hold it up like a book-end. No need for a cross-over in 2005. When considering an off-road vehicle or a rugged extra wide cab ranch pickup truck while first building a crossover wouldn't make any sense. How can you make a crossover for suburbia without a trail rated jeep coming first?



Boeing is building a single-aisle 737-900 NG-Max for the urban sensibilities until the ultimate interurban transporter is made. It must look and act like the 787, while becoming the 757 Super Utility Modality known as SUM, and act like a compliant business tool. It’s the SUM of all its parts from Boeing that is what's missing! The venerable 757 is going to the scrap heap in a workmanlike manner. Boeing accidentally tapped the inter-urban SUM market a long time ago and it misidentified the big opportunity by canceling the 757 in 2005. Now it’s faced with a European knock-off jet in the likes of an A321. Boeing, having no articulation on the subject other than "we're good with the 737 and current 787 line-up".

I give Boeing three slaps in the forehead, and three consecutive expletives of "Come On" awarded in a row with its 757 public sentiments. Outstanding, missing how the much loved the 757 is and was! Boeing doesn't need another 757 for its replacement. It needs the abandoned 787-3 remade. A twin aisle replicator for passengers who are dependent on business and pleasure rewards. The airplane crossover concept is a brilliant reminder of soccer moms and grocery getting in the ground world. Big enough to haul the neighbors to school and awesome enough to go on vacation, looking somewhat like the newly Iconic looking 787-9.

Crossing over from single-aisle two duo aisle isn't hard to do, "Neil Sedaka". Boeing needs this gap filler taking off from medium-sized airports going all the way to San Jose while queuing the music along the way. South West Airlines are you listening? It could take you all the way to South West of Hawaii.

The assigned spot is 220 seats, the assigned range is 6,000 miles. It’s a crossover from single to dual aisle. It has the quaintness of single-aisle gawking and the room of seven across for urban sensibilities. It hangs 100 million on the airline customer for each replication it purchases. It crosses-over everything good about Boeing's manufacturing conceptualization even though it is not as wide as the 787-8 or its counterpart. It’s very roomy for the number of seats, and it makes money for everyone even the passengers having sensibly priced tickets for the same commonalities with the 787 family.

Having it bigger than the 737-9, doesn't mean the 737-9 extra-long single aisle is dead. Nor does it threaten the 787-800. The 787-3 has the 787 aggressive design signature for long haul, yet providing the inter-urban frivolity for city hopping, in high density 1-5 thousand mile routes. This crossover is what an airline makes of it, as it defines the low cost of operation.

“It was once stated the 737 single aisle would not benefit from the lighter weight frame of plastics for the offset of development cost compared with the efficiencies gained from new technological advances on metal frames. It was also observed at the time, the 787 was still an unproven concept, and the risk was too high to go with all plastic airplane models top to bottom. Wise people thought the 787 must matriculate to its completeness and demonstrate performance maximums, before proceeding to the next model. This is witnessed with both metal 737 Max and Partial metal 777X models. Boeing's approach is cautious on technology implementation since its "787 Moon Shot". They have the Golden Fleece in hand with the 787 and will not go hunting for another overhaul of design and airplane evolution in my own lifetime.

A 787-3 “new version” for medium body design will have added manufacturing tooling cost for both the supplier and Boeing. But it's not groundbreaking, thus less expensive than doing a 787-3 in 2005. It has all the carryforwards from both the MAX, 787 and 777X programs. It has all the designs lessons learned from the last 10 years. They have the opportunity of repaying already sunk cost on advance technology needing repayment. Boeing could use a crossover program development accessing paid for technology, which it installed in the 787. Engine technology keeps getting better every day. A downsized 787-8 and upsized Max-9 has a 1,000 airplane sales target which would turn a profit for Boeing and compliment both models. All Boeing has to do is find charter customers from China to San Jose within in the Pacific Rim to make it so.

It becomes a financial shim wedged in, securing both new models from the Airbus nitpicking on the edges. It's why they call it, the 757 the Gap filler for so long. Now that the 767 has stopped commercial passenger production and the 787 replaces it. The Gap must be addressed before further market erosion occurs. Go ahead, call it a "Gap Filler", cannon fodder, or a lost production leader. The gap must be filled! It’s just as important as the front line players when churning out numbers. My own opinion within is just an "I told you so" effort for Boeing, and having said so, I can sleep better tonight. A 787-3 is an investment for selling all models of aircraft at a higher rate, rather than compartmentalizing a 787-3 as a no-go because it doesn't stand on its own. This is a false assumption because Boeing is a SUM of all its parts! A 787-3 revised model then becomes the SUM of all Boeing's parts making the corporation more successful. But make it a mid-body, two-aisle interurban, and hub-busting mover. Ryanair’s expansion is a plan solved with the 787-3.


Friday, March 27, 2015

Why I Couldn't Sell The 787 Dream

Great Expectations destroys the heart. When you have in your hand the rarest and the best object and another turns and decides on objects of less value. It becomes a tortuous moment coming from another's under appreciation. They chose the knock-off copy because they liked the look of a big bus.

The second most destructive nature emerges called "lack of patience". Selling 30 787-9 at $7.7 billion to Hainan Airlines takes immense patience.  The airlines must check it twice, which takes time, and its rightly so for any investment in its future. Due diligence is a wheel stone turning "oh so slowly and grinding oh so fine". The grist of the deal is turning into powder while I stand-by waiting to fill a spreadsheet. Patience is not my strong suit when billions are at stake. By now you should know the inner turmoil going on, is like what a waiting father has for a first born to cry. Knowing the mother's pain and experiencing the helplessness to do anything at the same time. A salesman's agony is silent and private. A suit can go limp and falls to floor with nothing to support it. The person inside evaporates before your eyes when all this waiting creates an inextinguishable void. Impatience has claimed another victim. A salesperson's passion would be my undoing.

The remedy for having Great Expectations with having a lack of patience comes from silly thoughts.

A number is just a number and nothing more, is a great remedy?

However, we all know numbers destroys the heart when they fail to exist during a sale. Having no number becomes the most important item of discontent. The expectation is now set. The order book is set at five 787's in 2015 , and with applied patience it will swell to 35 787's. The suit picks itself off the floor while standing up on that promise. Patience returns fueling its expectation. Hainan will save the Boeing sales team from a collective suit collapse, while it further spurs on more 787 expectation. Even though I can't suffer the damage of my resolve in a loss, I celebrate completed expectation in a win. Concluding, patience is the great motivator of expectation of which I have little of.

Thursday, March 26, 2015

Boeing's 787 Four Year Total Orderbook Flow

A review of 787 numbers of sorts. The Cost of Goods Sold journey must take into account raw inventory numbers with fixed and variable cost. The complexities of COGS is broken down by unit cost and averages or factors are applied to any build. Further statistical analysis would calculate application rates within a years build cycle making for a quick estimation or in some cases an actual cost derived from formulation. In this simple case I only look at the big picture. Each category below happens within the same year.

Notes:
  • As an example 2011 starts with the ending 2010 order book count  and sliding this number for the beginning number starting the  2011 backlog.
  • Boeing Delivered only 3 787 in 2011, reducing available orders to a paltry 733 during its production start-up.
  • Orders continued to flow in during the 365 day period in 2011, increasing the factory number of Backlog to  a net number of  778 which is an overall impact of a plus 42 for the year.  
  • The final note is for the Backlog Delta or the change in Backlog at year's end. The year 2011 saw a backlog increase of 42 during its start-up production years 2010-2011.  The year 2013 also increase the net back log by 118 787's  during that year where the 787-10's were ordered. The years 2014 and 2015 , so far have shown negative net backlog numbers before any significant 787 orders are book during 2015. The last last periods are very strong with production.

Soon there will be 30 more 787-9 booked in 2015 by Hainan Airlines China. The year remains young and another 60  787's  could be booked maintaining a generally positive 787 Backlog by the end of 2015. Overall the 787 backlog has grown since the start of its production in 2011 by 83 more ordered than delivered through the reported 2011-2015 period.  The four year mark numbers are a very healthy sign the plane has caught-on as a "preferred aircraft". Boeing seeks more validation during 2015 by increasing its 787 backlog ever so slightly. I believe they will be able to do this in the second half of 2015.   

2011 2012 2013 2014 2015        Total
Beg B-log 736 778 773 891 842 736
Delivered 3 46 65 114 25 253
Ordered 45 41 183 65 5 339
Ending B-log 778 773 891 842 822 822
Back-Log Delta 42 -5 118 -49 -21 85







Summary:
Total Ordered            To Date:   1075 
Total Delivered          To Date:    -253
Total Aircraft delivery remaining: 822

Data sources from nyc787.blogspot.com and Boeing .com

Wednesday, March 25, 2015

Hot News Of the Day For Boeing

Hainan wants 30 787-9 and will order ASAP if it wants a delivery completion by 2021. It has to order in the near future to achieve a delivery goal it has stated.

WSJ: March 25, 2015 Write to Jon Ostrower at jon.ostrower@wsj.com
"The airline said it plans to sign an agreement with the U.S. plane maker for 270-to-290 seat 787-9 Dreamliners for delivery by 2021 valued at as much as $7.7 billion at list prices, though customers regularly secure steep discounts."

The deal mechanics are already in process as it listed the "works in process filing report" for a proposed 30 787-9 in its stock exchange footnotes.

WSJ:  March 25, 2015

"Hainan announced the pending deal in a regulatory filing. A Boeing spokesman said the company couldn't comment on negotiations with its airline customers. The airline has taken delivery of nine of 10 Dreamliners it currently has on order, according to Boeing."

The importance of this intent underscores the order book dynamics that are now in play. A shrinking order book and slots have emerge as the motivation for jumping in with 30 787-9's with order is an urgency by Hainan. The Opportunity index has risen to a level where airlines are now in the backrooms negotiating for the existence of 787-9 slots. Opportunity index during 2014 was dead, and now after 114 787 deliveries from 2014 and proving the steady start in 2015. The light at the end of proverbial tunnel is well lit for wide body customers like Hainan who has jumped first. Others will follow as the pace will quicken during 2015.

WSJ: March 25, 2015
Many of the Dreamliners ordered by Hainan will come from delivery positions once reserved for United Continental Holdings Inc., the two people said. The U.S. airline is in negotiations with Boeing and engine maker General Electric Co. for a crop of larger 777-300ER jets converted from a portion of its Dreamliner order now going to Hainan, but hasn't yet been completed.

United Chief Executive Jeff Smisek said in an interview last week that the discussions with Boeing and GE for the 386-seat 777s were ongoing and “focus on a lot of things, including price.”

The order book rearrangement affects Both United Airlines and American. This year indeed will become a year of many speculative musings of who will get what in this order book dancing. American Airlines already has orderbook high ground with:

WSJ: March 25, 2015
"American recently received its first two 787 Dreamliner, which are slated to begin service May 7. A spokesman for American said it has 40 787s on firm order and 58 additional options. The airline switched it initial commitment from larger 787-9s to smaller 787-8s to replace aging 767 jets of similar size. The spokesman said it expects over time it will fly both Dreamliner models."

A concluding thought is the house of order cards is rapidly unfolding in the wide body world, as the Hainan card announced in footnotes makes all other players relevant again. Meetings are being held shorting out this large order scramble for major airlines widebody issues such as the 777 and the 787.

Tuesday, March 24, 2015

Winter Doldrums Are Over Now What

It seems this winter has been a non starter with only 74 net Boeing aircraft ordered in three months. The chart below from Boeing's own website gives the impression of the winter Doldrums are not some sargasso sea kelp bed holding back the Ship of Washington State. After three robust sales order years from 2012-2013-2014 comes a seasonal pause . I wonder how Boeing handles the lull before another order storm? I do know Boeing has pending commitments in reserve clear from 2014 with nary a slip of tongue on potential orders.

Boeing.Com Charts  "Ordered"
Orders through March 24, 2015
737747767777787Total
2015 Net Orders663 7480
Alaska Airlines6    6
All Nippon Airways5    5
GECAS2    2
Korean Airlines   5 5
Ryanair3    3
Silk Way Airlines 3   3
Unidentified Customer(s)54  2561
2015 Gross Orders703 7585
Changes-4   -1-5
2015 Net Orders663 7480
 737747767777787Total
PARIS Thu Nov 6, 2014 6:43am EST

"China and that region of Asia have not got enough orders. They have missed opportunities to get new technology aircraft at close dates from the manufacturers directly," Steve Mason, vice president of CIT Aerospace, a subsidiary of U.S. commercial lender CIT Group, said in an interview."
HYDERABAD Thu Mar 13, 2014 6:12pm IST
(Reuters) - Boeing Co (BA.N) is in talks with Jet Airways (JET.NS) about the sale of 737 MAX jets, a Boeing executive said on Thursday, while two other people familiar with the matter said the company had secured the $5 billion deal.
Dinesh Keskar, senior vice president sales for Asia Pacific at Boeing, said he was also in discussion with state-owned Air India AIN.UL over sales of the MAX jets, but that these talks were not as "intensely involved" as they were with Jet.

The two other sources said the Jet deal for 50 planes had essentially been completed and the planes were already listed under Boeing's "business with undisclosed customers", in its order backlog.