Boeing advised airlines about a risk of engine icing problems on its new 747-8 and 787 Dreamliner planes with engines made by General Electric.» Read More
Boeing has told airlines there's a risk of engine-icing problems on its new 747-8 and 787 Dreamliner planes with engines made by GE.
The slowdown won't affect financial forecasts for Boeing, analysts said, because production of the jet is so limited. Analysts expect Boeing to report solid third-quarter results on Wednesday, and many predict its stock, currently at record levels, will continue climbing. The decision also reflects Boeing's prescience in deciding to build the 787 a decade ago.
*JAL's first ever order from Airbus is blow to Boeing dominance in Japan. "Airbus has been trying to break the wide-body monopoly of Boeing for decades and likewise Boeing has been wanting to keep Airbus out of JAL and ANA."
*Airbus, JAL chiefs to hold news conference at 0600 GMT in Tokyo. JAL and Airbus will hold a joint news conference at 0600 GMT in Tokyo. The sources gave no details on the number of planes to be sold, but industry analysts previously told Reuters they expected JAL to order around 25 aircraft in a contest that pitted the A350 against Boeing's yet-to-be-launched 777 X.
In Japan, where buying American jets once helped take the sting out of trade deficit tensions, Boeing dominates with around an 80 percent market share. Flag carrier Japan Airlines Co Ltd has yet to buy an Airbus aircraft even though the political prodding to purchase Boeing jets partially built in Japan has lessened.
A new chapter opened for Tokyo risk assets on Friday as the Nikkei index surged past the 13,000 mark after the Bank of Japan unleashed a monetary onslaught of $1.4 trillion in stimulus, but the rest of Asia's stock markets tumbled to multi-month lows.
Despite Cathay Pacific's 83% plunge in annual profit, Mark Webb, Regional Head of Conglomerate and Transport Research, Asia-Pacific says the outlook for the airline is improving.
CNBC's Adam Bakhtiar looks at shares of Cathay Pacific in the daily 'Stock in 60' segment after the the world's largest air cargo carrier reported an 83% drop in 2012 net profit.
After a lackluster few years for the air cargo industry, the CEO of Cathay Pacific Airways told CNBC he expects a recovery in global demand to rejuvenate the flagging sector.
Peter Harbison, Executive Chairman at CAPA says that Cathay Pacific's significant loss in its H1 2012 earnings is fairly unusual. He further explains why the company needs to focus on innovation going forward.
Siva Govindasamy, Asia Managing Editor, Flightglobal explains why the battery malfunction is a serious issue. He also discusses the impact of the Dreamliner's woes on the Boeing-Airbus rivalry.
Flight attendants at Hong Kong airline Cathay Pacific Airways are threatening to withhold food, alcohol and even smiles from passengers during the Christmas holidays over a pay dispute, a union official said Thursday.
"The office holiday party is a great place to meet everyone you've been emailing from 10 feet away."
John Slosar, CEO, Cathay Pacific tells CNBC more about his airline's new business class. He also notes that his airline is facing a host of challenges from multiple fronts.
Timothy Ross, Head of Asia Pacific Transport Research, Credit Suisse says that soaring energy prices is a core issue and is the reason for his underweight call on the sector
The latest near-tragedy involving a Southwest jet is prompting new questions about the federal government's role in the aviation industry and whether the airlines should be nationalized, as they are in some other countries.