Thursday, October 5, 2017

Boeing Roundup: Monarch bankruptcy… Bombardier-Boeing battle… Boeing 797 rumors

Chicago-based Boeing has operations around the country. Here are other recent stories reported by The Business Journals.

Monarch Airlines bankruptcy leaves big Boeing 737 Max order, services deal in limbo

Boeing customer Monarch Airlines of Great Britain sank into bankruptcy Monday, a failure that hits the Chicago-based commercial aircraft maker on two fronts. Before its collapse, Monarch had outstanding orders for 30 737 Max 8 jets — made at Boeing's Renton manufacturing complex — Boeing's orders and deliveries website shows.

A trade battle sparked by the Boeing Co. could send financial shockwaves through Bombardier Inc. that might be felt at the company’s Wichita Learjet facility.

Boeing's fiery fan Akbar Al Baker lets loose in Everett

There’s never a dull moment when Qatar Airways CEO Akbar Al Baker comes to town. Al Baker didn’t disappoint when he visited Everett to take delivery of his new Boeing 747-8F cargo jet this week.

CEO Kevin McAllister reacts to Boeing 797 rumors out of France

Boeing may formally unveil plans for the 797 widebody at the Dubai Air Show in November, AeroDefenseNews reported Thursday. Gulf airline Emirates could be the launch customer for the new mid-sized model, the French aerospace newsletter suggested, but it did not identify the source of its information.

Union concerned about 'continued erosion' of Washington jobs as Boeing invests $33M in Chinese facility

Boeing has invested $33 million in its 737 jet completion center in Zhoushan, China, and will have majority control of the new facility, according to The China Daily's English-language edition in Europe.

Boeing sealed a big sale with 'significant price concessions,' Chinese buyer says

One of Boeing's biggest deals at the Paris Air Show this summer was secured after offering "significant price concessions," the buyer said. Boeing and China Development Bank Aviation Lease Finance in June trumpeted the signature of a memorandum of understanding to buy 60 Boeing jets.

Bombardier: Preliminary duties from Boeing ruling ‘absurd and divorced from reality’

A preliminary ruling from the U.S. Commerce Department on Tuesday sided with the Boeing Co. in its price-dumping claim against Bombardier Inc., imposing a harsh 220 percent duty against the Canadian manufacturer on sales of its C Series passenger jet to U.S. airlines.

US backs Boeing in fight with Canada's Bombardier

The US has sided with Boeing in its war against Canada's Bombardier, imposing preliminary tariffs of up to 219 per cent on the smaller aircraft maker's sales into the US.

(I-Chun Chen - Chicago Business Journal)

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