Malaysia Airlines' crashes are worrying insurers — their policy is missing a clause that limits insurers' payments for search-and-rescue costs.» Read More
The CST-100 is designed to ferry crew, cargo and even tourists into low Earth orbit.
*Qatar Airways finalises order for 50 Boeing 777 X planes. *Airbus ahead in air show race, Boeing had the lead in H1.
Boeing's stock soared nearly 80 percent last year, outperforming the Dow Jones Industrial Average and the S&P 500 index. But as indexes pushed higher this year, investors sent Boeing down 5.7 percent amid concern that the aviation business cycle may have peaked and that Boeing's ability to produce positive surprises is limited.
FARNBOROUGH, England, July 16- Boeing finalised two orders for 787-9 Dreamliner planes with lessor MG Aviation Limited at the Farnborough Airshow on Wednesday, in a deal worth $499 million at list prices. MG ordered two 787-9 s in 2006 and now has four unfilled 787-9 s orders.
July 16- Boeing Co said Qatar Airways finalized an order for 50 777-9 Xs wide-body jets, worth $18.9 billion at current list prices. If the rights are exercised, Qatar Airways' 777 X order would increase to 100 airplanes, valued at $37.7 billion at list prices, Boeing said in a statement.
FARNBOROUGH, England, July 16- Airbus and Boeing were set to resume their multi-billion dollar battle over new plane orders on day three of the Farnborough Airshow, with hopes reviving that Qatar Airways would firm up a deal for 50 Boeing 777 X planes.
FARNBOROUGH, England, July 16- South Korean carrier Asiana Airlines has expanded its maintenance ties with UTC Aerospace Systems with a 10- year deal involving the evacuation slides aboard the airline's Airbus A380 superjumbos.
FARNBOROUGH, England, July 15- Qatar Airways will seek compensation from Airbus for delays in delivery of three of the European planemaker's A380 superjumbos, the Gulf carrier's chief executive said on Tuesday.
NEW YORK— Google has appointed Alan Mulally, the former CEO of Ford Motor Co., to its board. Google said Tuesday that Mulally's appointment was effective July 9. Mulally, who also worked for Boeing, is the only director with a background in traditional manufacturing on Google's board.
NEW YORK— In a story on July 11 about Amazon seeking permission from the Federal Aviation Administration to fly drones, The Associated Press misstated the year that Congress gave the FAA a deadline for granting drones access to U.S. skies. Congress set the September 2015 deadline in 2012, not last year. Amazon asks FAA for permission to fly drones.
Jim May, software engineer for Boeing's Crew Space Transportation Vehicle, the CST-100, explains to Jane Wells inside the capsule's flight simulator why the control panel isn't a glass cockpit like modern airliners.
With some no bigger than a hummingbird, the hottest things at this week's Farnborough International Airshow are tiny compared with the titans of the sky, such as the Airbus 380 or the Boeing Dreamliner. This week Hamas launched for the first time an unmanned drone into Israeli airspace that was shot down.
Boeing is taking on Elon Musk's SpaceX in NASA's competition for a crew carrier to the International Space Station. CNBC's Jane Wells has the details.
FARNBOROUGH, England, July 15- The chief executive of Airbus Group said the first two days' sales of its newly revamped jet had backed up the group's decision to invest in the model. Airbus unveiled the new plane on Monday and has signed up three lessors and Asian low-cost airline AirAsia for the plane already.
FARNBOROUGH, England July 15- The supply of Russian titanium to aircraft manufacturers Airbus and Boeing will not be affected by the deterioration of East-West relations over the Ukraine crisis, the Russian deputy trade minister said on Tuesday.
NEW YORK— The aircraft-leasing firm CIT Group Inc. has ordered 10 Boeing 787 passenger jets with a list price of $2.5 billion, Boeing said Tuesday. CIT ordered the new, larger version of the 787, which Boeing calls the Dreamliner. According to Boeing, both 787 models use about 20 percent less fuel than similarly sized planes.
FARNBOROUGH, England, July 15- Airbus clinched its first airline customer for a newly revamped model with a tentative deal with Malaysia's AirAsia for 50 A330neo wide-body jets worth over $13 billion on Tuesday.
But while money flowed across the table between manufacturers and leasing companies, AirAsia low-cost airline entrepreneur Tony Fernandes waited in the wings with what could be a $12 billion order for some 50 of Airbus's revamped A330neo. Airbus and AirAsia declined comment.
There is a movement to reauthorize Ex-Im Bank, an agency that supports small and midsize exporters with insurance and credit guarantees.
FARNBOROUGH, England, July 15- U.S. planemaker Boeing on Tuesday said a consortium led by British defense company BAE Systems would provide the flight control system electronics for its new 777 X jet. The two firms are the incumbent suppliers to Boeing for some of the electronics systems on the 777 platform already flying.