Boeing and Travel Service, the Czech airline company that operates scheduled flights under the SmartWings brand, has finalised an order for five 737 8 MAX airplanes. The deal is valued at $550 million at current list prices. Travel Service previously placed an order for three 737 MAXs at the Paris Air Show in 2013 and […]
Boeing and GE Capital Aviation Services, the commercial aircraft leasing and financing arm of General Electric, have announced an order for 75 737 MAX 8 airplanes. The order, booked in December, is valued at $8.25 billion at current list prices. The follow-on order increases the GECAS firm order book for the 737 MAX to 170 […]
The Islamic Republic of Iran and European plane manufacturer ATR are on the brink of signing a purchase deal for 20 short-haul passenger planes, according to an Iranian official quoted by Reuters. The agreement would continue the chain of contracts signed with Boeing and Airbus earlier in December. ATR, whose ownership is shared between Leonardo […]
IranAir said it signed a deal on Sunday to buy 80 passenger planes from U.S. aircraft maker Boeing, state news agency IRNA reported, in the biggest U.S.-Iran deal since the 1979 Islamic revolution. The agency quoted Farhad Parvaresh, the chairman of Iran’s flag carrier, as saying that the 10-year deal included 50 Boeing 737 aircraft […]
The World Trade Organization (WTO) rejected virtually all of the European Union’s challenges to the Washington state tax incentives. In the case, the EU challenged seven different state tax incentives. The WTO rejected entirely the EU’s challenge to six of the seven incentives and rejected most of the challenge to the seventh. The WTO held […]
The World Trade Organization (WTO) Panel (DS487) has concluded the European Union request for consultations with the United States with respect to conditional tax incentives established by the State of Washington in relation to the development, manufacture, and sale of large civil aircraft. WTO found that the tax incentives given by Washington State government in […]
On the 15th of November, Boeing shares fell 1.6% to $147.56, when United Continental Holdings announced deferring aircraft orders valued at almost $5 billion. The carrier’s decision impacts the Boeing 737, the manufacturer’s cash cow, raising concerns about whether the company will be able to up its production as it was previously planned. Boeing’s representatives, […]
In line with its vision to offer a superior passenger experience and improve environmental performance through a modern and state of the art wide-body aircraft fleet, Emirates has retired the last Airbus A330 and A340 aircraft in its fleet from active service. This makes Emirates the first and only airline in the world to operate […]
Boeing and Donghai Airlines announced the finalization of an order for five 787-9 Dreamliners, valued at $1.32 billion at current list prices. Shenzhen-based Donghai Airlines previously informed its intent to order 25 737 MAX 8s and five 787-9 Dreamliners in July 2016 at the Farnborough International Airshow. Wong Cho-Bau, Chairman, Donghai Airlines, said: “Under China’s […]
Boeing and UPS, a logistic company, announced an order for 14 B747-8 freighters for $5.3 billion. The agreement also includes an option to purchase an additional 14 of the cargo airplanes. Brendan Canavan, President, UPS Airlines, said: “These aircraft are a strategic investment for increased capacity for UPS customers around the globe.” Boeing claimed that […]
