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Dreamliner 787 posts

Boeing announces more 787s, receives an upgrade

Posted Oct 29th 2009 11:30AM by Mark Fightmaster (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Boeing Co (BA)

According to FlightGlobal, Boeing (NYSE: BA) is going to "surge" (a very popular word nowadays) 787 production early in order to meet customer demand. The surge is part of the establishment of the Charleston 787 line. Boeing will use "transitional surge capability" until the second 787 line is on line; this capability will take place at Boeing's current Washington line. As far as the new South Carolina plant, the facility will support the testing and the delivery of the airplanes.

In addition to this news, Boeing received an upgrade from Macquarie Research, as the airliner was elevated to "outperform" from "neutral." Valuation was the main reason for the upgrade, as the brokerage feels that the current pullback may afford a good buying opportunity.

Continue reading Boeing announces more 787s, receives an upgrade

US Airways dumps $3.2 billion Airbus order, goes with Boeing

Posted Apr 25th 2007 10:45AM by Tom Barlow (RSS feed)
Filed under: Boeing Co (BA)

Boeing Co. (NYSE:BA) continues to pile up business in the wake of Airbus' A350 woes. Today the Times of London reported that U.S. Airways Group (NYSE:LLC) is canceling its order for 20 of the A350s in favor of 20-30 of Boeing's new 787 Dreamliners. The Airbus order had been valued at $3.7 billion, while the Boeing purchase is estimated at $3.2-$4.9 billion.

Just yesterday, Virgin Airlines announced they intend to purchase as many as 43 Dreamliners, $8 billion worth, to replace their Airbus fleet.

This despite Airbus dropping the price of its A350 by 50% in a desperate attempt to stop the bleeding. Boeing is thought to be knocking about a third off the price of its Dreamliner.

What Airbus can't match is delivery date. With ~~a two-year~~ delays blamed on wiring and other problems with the new A380, the A350s aren't expected to go into operation until 2013-14, while the first Dreamliner is expected to enter service in May of 2008.