Commercial Aircraft 11 April 2024 Azul Linhas Aéreas extends Airbus Flight Hour Services contracts for more than 100 aircraft Brazilian carrier Azul Linhas Aéreas has extended its Airbus Flight Hour Services (FHS) agreements for its A320 and A330 Family aircraft, covering more than 100 aircraft. Read more source The post Condor takes delivery of its first Airbus A320neo first appeared on PLANEtalking ..read more

Boeing President and CEO Dave Calhoun shared the following message with all employees today, as the company reported first-quarter results:   Team, Although we report first quarter financial results today, our focus remains on the sweeping actions we are taking following the Alaska Airlines Flight 1282 accident. This started with taking responsibility and immediately and transparently supporting the National Transportation Safety Board in their investigation and the Federal Aviation Administration on their audit and oversight actions. We supported our customers in safely returning their ..read more

ARLINGTON, Va., April 24, 2024 /PRNewswire/ — First Quarter 2024 Undertaking comprehensive actions in our commercial business to strengthen quality and safety Financial results reflect lower 737 deliveries and 737-9 grounding customer considerations Revenue of $16.6 billion, GAAP loss per share of ($0.56) and core (non-GAAP)* loss per share of ($1.13) Operating cash flow of ($3.4) billion and free cash flow of ($3.9) billion (non-GAAP)* Total company backlog grew to $529 billion, including over 5,600 commercial airplanes Table 1. Summary Financial Results ..read more

Boeing Statement on U.S. Air Force Collaborative Combat Aircraft Announcement ARLINGTON, Va., April 24, 2024 – Boeing [NYSE: BA] today issued the following statement: “While we are disappointed that we won’t be moving forward in this phase of the U.S. Air Force’s Collaborative Combat Aircraft program, we are undeterred in our commitment to providing next-generation autonomous combat aircraft for U.S. and global military customers. Work continues on our robust and growing autonomous family, including the MQ-25 Stingray and future derivatives, the MQ-28 Ghost Bat, and a number of proprietary pr ..read more

– Nagoya center to develop sustainable technologies to support the decarbonization of aviation – Effort focusing on digital simulation toolset, composites, sustainable aviation fuel and hydrogen fuel NAGOYA, April 18, 2024 — Boeing [NYSE: BA] today opened a Boeing Research & Technology (BR&T) Center in Japan that will focus on innovation to enable the commercial aviation industry meet its goal of net zero carbon emissions by 2050. “Japan is renowned for its strength in engineering and technology, and its dedication to reducing aviation’s impact on our planet aligns with our own,” said ..read more

Boeing Donates $100,000 to Support Tornado Recovery and Relief Efforts in Louisiana ARLINGTON, Va., April 18, 2024 — Boeing [NYSE: BA] is committing $100,000 from the Boeing Charitable Trust to assist with recovery and relief efforts following the recent tornado in Slidell, La. Funds will be directed to the Northshore Community Foundation’s Weather Relief Fund to provide supplies, assistance and resources to those most affected. “Amidst the devastation, we extend our support to those enduring this terrible hardship,” said Cheri Carter, vice president of Boeing Global Engagement. “Boeing is co ..read more

ARLINGTON, Va., April 3, 2024  /PRNewswire/ — The Boeing Company [NYSE: BA] will release its financial results for the first quarter of 2024 on Wednesday, April 24. President and Chief Executive Officer David Calhoun and Executive Vice President and Chief Financial Officer Brian West will discuss the results and company outlook during a conference call that day at 10:30 a.m. ET. The event webcast link is available on the Events and Presentations section of www.boeing.com/investors where the news release and presentation materials will be posted prior to the event. The event can also be a ..read more

Boeing Awarded Contract to Continue Extreme Environmental Testing for Critical Defense Platforms OGDEN, Utah, April 2, 2024 — The U.S. Air Force has awarded Boeing [NYSE: BA] a contract worth up to $559 million over five years to operate, maintain and perform testing at the Little Mountain Test Facility at Hill Air Force Base, Utah. The state-of-the-art site is designed to test functionality of the nation’s current and future intercontinental ballistic missile force, nuclear modernization programs and other critical defense and deterrence capabilities in the most extreme environments. Boeing ..read more

– Dave Calhoun announces intent to step down as CEO at the end of 2024; Calhoun will continue to lead Boeing through year-end – Independent Board Chair Larry Kellner announces his decision not to stand for re-election at annual meeting; Steve Mollenkopf appointed new chair ARLINGTON, Va., March 25, 2024  /PRNewswire/ — Boeing [NYSE: BA] President and CEO Dave Calhoun today announced his decision to step down as CEO at the end of 2024, and he will continue to lead Boeing through the year to complete the critical work underway to stabilize and position the company for the future. Board ..read more

source The post CEO Message to Employees first appeared on PLANEtalking ..read more