"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Sunday, April 19, 2009

More delays before Boeing 787 enters commercial service

American Airlines revealed on Thursday in a Securities and Exchange Commission filing that their Boeing 787's, ordered for the US's second largest airline, will now arrive a further year late - in the second half of 2013.

The Texas-based company has ordered 42 Boeing 787-9 aircraft, to be delivered between September 2012 and 2019.

Under its contract with Boeing, American isn't obliged to acquire the jets if it and its pilots union can't agree on work rules for the jets or if doesn't confirm its purchase agreement with Boeing at least 18 months before the scheduled delivery date for an aircraft.

Gulf Air orders more 787's

Gulf Air of Bahrain has exercised options to add 8 more Boeing 787s to their earlier order for 16 planes.

This is the first this year for Boeing and gives Boeing a net of four new jetliner orders for the year, after 32 cancellations because of the recession.

Boeing ( one of the great engines of US industry and exports) has been issuing monthly layoff notices after announcing in January it would cut 10,000 jobs this year. Earlier this month Boeing announced it would scale back production of the 777, which is produced at the widebody factory in Everett.


Air France (with one of the largest 777 fleets in the world) took delivery last wek of the 777th Boeing 777 airplane. The new Boeing 777-300ER also will be the first to bear a new Air France livery and company brand identity. see pic.

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