"“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

Showing posts with label Bad news for Boeing. Show all posts
Showing posts with label Bad news for Boeing. Show all posts

Monday, October 06, 2008

Boeing shares slide as deliveries fall


Boeing are trading US$49.76 down US$4.07 (7.56%)
During the third quarter, Boeing delivered only 84 planes, down from 109 in the year-ago quarter. The strike is affecting assembly of Boeing's new 787 Dreamliner — already a year behind schedule — along with 737s, 777s, 767s, and 747s.

Delta Air Lines (DAL), the USA's No. 3 carrier, was expecting this fall to receive four long-range Boeing 777s and 737-700s, for a total of 10 new jets this year. "All I can tell you is we are expecting some delay in our deliveries," Delta spokeswoman Betsy Talton said.

Last week, Ryanair canceled flights on 21 routes to and from Birmingham,UK, scheduled for this month because deliveries of Boeing 737s have been delayed.

Thursday, October 02, 2008

Manufacturing mired in recession in UK and US ... Boeing hurting after one month of strike

Britain's manufacturing sector shrank in September at the fastest rate since records began.levels of output, new orders and employment registered unprecedented declines.

The figures come a day after the Office of National Statistics confirmed that the UK economy failed to grow in the second quarter.

They reinforce expectations that Britain has entered its first recession since the early 1990s and boost expectations that interest rates could be cut as soon as next week.

Meanwhile in the US,t he ISM's index of factory activity fell to 43.5 in September, compared with 49.9 in August and 50.0 in July. A reading below 50 indicates contracting economic activity; September's is the lowest since Oct. 2001.

The index "indicates a significantly faster rate of decline in manufacturing during September, marking a departure from the 2008 trend toward negligible growth or contraction each month," ISM said. Price inflation also slowed, to just 53.5 vs. 77 in August and 88.5 in July.

Machinists at Boeings's Everett, Washington factory have been on strike for nearly a month, extending seemingly endless delays on the 787--and on the three 777s Virgin Australia ordered for its first flights.

The new carrier, an offshoot of Virgin Blue, will now move its launch date back from December 15 to February 28, 2009 and hope that its planes are ready by then.

Wednesday, August 06, 2008

Boeing share prices jumps - again - closes tdoay US$ 65.50 up 70 cents = 1.08% on dayy


Boeing share price took a jump yesterday with some heavy buying (opened today 3 cents up US$64.83). Maybe it is due to the remorseless search for lightening the weight, improving fuel efficiencies of their hugely successful airliners - could it be due to the fascinating news that FAA certification has been given for the new carbon brakes designed for the Next-Generation 737.If so, take note GM / Ford / Chrysler.

The Carbon brakes weigh 700 pounds (320 kg) less than high-capacity steel brakes supplied by the cheese eating surrender monkeys at Safran group , Messier-Bugatti (they first introduced carbon brakes on the Airbus A310 in 1986), also entered service last week when Boeing delivered a Next-Generation 737-700 to Delta Air Lines -- the first of 10 737-700s the airline will receive over the next several years (550 lbs - 250 KG less on the Next-Generation 737-600s and -700s.

Reduced weight makes a major contribution to fuel burn and nasty CO2 / NO2 emissions.

Delta Air Lines 737-700's also feature Blended Winglets (wing tip extensions) to improve operating and fuel efficiency simultaneously.

The Messier-Bugatti SepCarb® III OR A which incorporate a special treatment allows them to more effectively resist the oxidation to which the brake disks are susceptible as a result of temperature, humidity or some de-icing products. They are now fitted on all the Airbus A319s and A320s and on the C-17 Globemaster IIIs that are now coming off the production line.

Boeing adding Messier-Bugatti of the Safran Group and Goodrich's Aircraft Wheels and Brakes group to its 7E7 Dreamliner global supplier team as providers of electric brakes in November 2004.

Messier-Bugatti has been recognized as one of Boeing’s “Silver” suppliers, representing fewer than 2% of the aircraft manufacturer’s suppliers, and capable of delivering 98% of equipment on time, with a quality rate of 99.7%.

The first use of carbon brakes was on F1 racing cars. Lewis Hamilton won the British Grand Prix at Silverstone in his McLaren-Mercedes on Sunday, July 6, marking the 250th victory for a car equipped with Messier-Bugatti carbon brakes since the first victory by Alain Prost’s McLaren in the Brazilian Grand Prix in 1984.

Perhaps it was Motley Fool who pointed out yesterday ..."These stocks are cheap In fact, many good stocks are cheap right now. Boeing (NYSE: BA) .. hit a 3 year low."

Thursday, January 17, 2008

British Airways Boeing 777 inbound from Beijing crash lands at Heathrow - cause unknown


Inbound from Beijing, China, British Airways twin engined Boeing 777(G-YMMM - built in 2001 - with 23,476 flying hours as of Dec. 31, 2006), flight BA038 in bound, non -stop from Beijing China with 136 passengers (total capacity > 440), three flightdeck crew and 13 cabin crew on board was on the approach to runway 27L at 12.43local time (18 minutes ahead of schedule).

It appears that the aircraft appears to have suffered loss of power on both engines at some stage late in the approach and also use of avionics. The reason for the power loss is not yet known, nor is it known whether power loss was total.

The weather at Heathrow at the time was wind from 220° at 16kt (30km/h), broken cloud at 1,400ft (426m) and 2,000ft, temperature 11°C, dew point 9°C, with a warning that the wind might vary temporarily to 240° at 20kt, gusting to 32kt. The visibility was greater than 10km (6.2 miles).

The crew managed to control the descent to a touchdown (and without making announcments to passengers) with wings level, on grass just inside the perimeter fence at Heathrow, on the 27L extended centreline. The landing gear was down, flaps were set at about 20°, and the indications are that the crew had started the auxiliary power unit.

On touchdown after a ground run of 350m (1,150ft) on grass the 777's gear dug into the soft ground and separated. The aircraft came to rest at the threshold of runway 27L. Forward momentum would have been low as the plane was close to its stalling speed.

When the main landing gear separated it caused considerable damage to the engines and the wings near the wing-root trailing edge.

Emergency chutes were deployed and all passengers and crew evacuated in an orderly fashion. Thirteen the passengers (among them 7 British and 3 Chinese) are reported to have been treated at nearby Hillingdon Hospital for minor injuries. There was no fire.

Eyewitness Neil Jones, who has a general aviation pilot’s licence told the BBC , that the plane had been making a “very, very unusual approach,” and the engine sounded louder than normal. “The aircraft was banking to the left and it was coming in very low over the surrounding houses. The plane was significantly lower than it would normally be,” he said.

A Scotland Yard spokesman is quoted by the Daily Mail..."There is nothing to suggest at this stage that the incident is in any way terrorist-related."

On Sunday 6th January a Quantas 747- 400 with 300 passengers on the Sysdney - London route landed at Bangkok after the jumbo jet lost all power which has so far been attributed water seeping from a toilet sink into the generator as the plane descended into Bangkok.

It's early days but various theories have been advanced for the BA crash landing ...fuel starvation (they should have had 1 hours capacity spare) , interference from use of passenger wireless equipment, bird strike (Daily Mail take this up) and even wind shear.

The Boeing 777 is the only Boeing jet passenger plane with Fly by Wire controls - these can be overriden by the pilot (unlike the Airbus series). Enquiries will naturally focus on the loss of avionics - this is confirmed at EETimes .

UPDATE : BBC 4 Midnight News had a rescue person claiming to have spoken to the pilot (Peter Burkhill ?) who said there was a catastrophic loss of engine power - which would suggest that the views expresed on BBC2 Newsnight of wind shear , whilst it may be contributory was not the principal and fundamental cause.

The United States National Transportation Safety Board (NTSB) has sent a team with investigator Bill English as the U.S. Accredited Representative who will work with the UK Air Accident Investigation Branch (AAIB) in its investigation . An aviation systems technical specialist and a powerplants technical specialist will accompany English. The Federal Aviation Administration and the Boeing Aircraft Company are also sending investigators as part of the team.

The AAIB will lead the investigation and information will be released through it. (Many will remember that the NTSB were shouldered aside by the FBI in investigating 9/11 hijacks/crashes - the only ones on US soil they have NEVER investigated)... their website states "the terrorist attacks of September 11, 2001 are under the jurisdiction of the Federal Bureau of Investigation. The Safety Board provided requested technical assistance to the FBI, and any material generated by the NTSB is under the control of the FBI. The Safety Board does not plan to issue a report or open a public docket." ...some documents are available at the National Safety Archive August 2006 in response to a Freedom of Information request by the National Security Archive.

Useful discussion here at glider pilot Ewans Musings blog

BA website has updates on effects of accident and a contact telephone number

Detauled, lengthy and informative review of flit testing the Boeing 777-ER Extended Range plane from Boeing here.

Boeing 787 Dreamliner - Claims by Quantas - more bad news for Boeing.

The Financial Times reports today that Qantas, the Australian flag carrier, on Thursday became the first airline to announce it was seeking damages from Boeing, the US aircraft maker, for late delivery of the 787 Dreamliner. The group has made a commitment for up to 115 aircraft. The first 15 787s to be delivered to the Qantas Group will be operated by Jetstar, its low cost subsidiary, on international routes.

The share price, initially hit US$82/3 but settled down below US$80 0.5% on the day.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish