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New blow to Boeing from engine delay, Airbus long-range rival takes off

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New blow to Boeing from engine delay, Airbus long-range rival takes off

By Laurence Frost and Eric M. Johnson

 

2019-06-17T090247Z_1_LYNXNPEF5G0HI_RTROPTP_4_FRANCE-AIRSHOW.JPG

An aerial view shows the 53rd International Paris Air Show at Le Bourget Airport near Paris, France, June 17, 2019. REUTERS/Pascal Rossignol

 

PARIS, France (Reuters) - Boeing suffered a fresh setback at the opening of the Paris Airshow on Monday as the U.S. planemaker's engine supplier revealed a delay affecting its all-new 777X jet, while Airbus targeted the middle of the market with a rival plane.

 

GE Aviation said it had found unexpected wear in a component for the GE9X engine it is making for Boeing's 777X, the world's largest twin-engined jet, forcing a delay of several months while it redesigns and tests the part.

 

The aerospace industry's biggest annual event, which alternates with Britain's Farnborough Airshow, is traditionally a slugging match between Airbus and Boeing in the $150 billion a year commercial aircraft market.

 

But this year Boeing is still grappling with the grounding of its top-selling 737 MAX aircraft in March after two deadly crashes, while European arch-rival Airbus is dealing with the fallout from a long-running corruption scandal.

 

Airbus used the show to launch a long-range version of its A321neo jet, aiming to carve out new routes for airlines with smaller planes and steal a march on Boeing's owns plans for another potential all-new jet, the NMA.

 

"We can fly from north-eastern Asia into south Asia, from the Middle East to Bali or from Japan deep into Australia, and so on," Airbus chief salesman Christian Scherer said.

 

"It is therefore the lowest-risk investment for airlines on these kinds of routes."

 

Leasing company Air Lease Corp became the first customer of the new aircraft - the A321XLR - lining up for 27 as part of a deal for 100 Airbus planes.

 

Sources familiar with the matter said Airbus was trying to assemble close to 200 orders or conversions to the new model as it chases deals with carriers including American Airlines, JetBlue, Cebu Air and Frontier Airlines owner Indigo Partners.

 

Despite a flurry of delegates dashing in golf carts between parked jetliners, missiles and spy planes, this year's gathering appeared relatively subdued, with a profit warning from Lufthansa adding to trade tensions and slowing economies.

 

French President Emmanuel Macron watched as France and Germany unveiled a sleek, dagger-shaped mockup of a new fighter plane the two close European allies plan to develop.

 

Analysts expect anything from 400 to 800 commercial aircraft orders and commitments at the show, compared with 959 at Farnborough last year, though it can be hard to identify truly new business against firmed-up commitments and switched models.

 

Boeing commercial airplanes boss Kevin McAllister said it was premature to predict any delays to the 777X programme. The planemaker is targeting a maiden flight this year and entry into service the next.

 

Gulf airline Emirates has said it expects the first plane in June 2020. Flight tests often take more than a year.

 

SIZE VS COMFORT

The Airbus A321XLR will be the longest-range narrow-body jetliner and arrives as airlines look to maximise the flexibility of more fuel-efficient, single-aisle aircraft.

 

Its range of up to 4,700 nautical miles - about 15% more than the previous A321LR - will leapfrog the out-of-production Boeing 757 and nudges it into the long-jump category occupied by more costly wide-body jets.

 

The A321XLR also eats into a range category targeted by the possible NMA mid-market, twin-aisle jet under review by Boeing.

 

"It does provide a very effective airplane for many of the same routes as the NMA, and it does so many years earlier," Air Lease CEO John Plueger said of the new Airbus jet.

 

But there is a debate over whether passengers will enjoy flying longer distances in medium-haul planes.

 

Airbus did not give a price for the A321XLR. The current A321neo has a list price of $129.5 million.

 

Boeing Chairman and CEO Dennis Muilenburg on Sunday said the A321XLR would only "scratch an edge" of the market segment targeted by the NMA.

 

But Air Lease founder Steven Udvar-Hazy, a doyen of the leasing industry, said the NMA project remained "a little bit in cold storage" as long as the MAX grounding lasted.

 

He added that Boeing expected to announce orders for wide-body jets at the Paris show but its main focus at the event was safety, with executives taking turns to apologise for the MAX crashes in Indonesia and Ethiopia that killed 346 people.

 

"This is the most trying of times," Boeing's McAllister told a press briefing.

 

"But without a doubt this is a pivotal moment for all of us. It's a time to capture learnings. It's a time to be introspective. And it's a time for us to make sure accidents like this never happen again."

 

(Additional reporting by Tim Hepher, Andrea Shala, Alistair Smout and Cyril Altmeyerhenzien; Editing by Mark Potter, David Goodman and Alexander Smith)

 

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-- © Copyright Reuters 2019-06-18
 
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Posted (edited)
5 hours ago, Pedrogaz said:

Who would buy Boeing now? Let's see how the quick fix and name change on the 737 MAX works first and the problems with the Dreamliner.

I read that the company was obsessed with saving money on manufacture to make additional profits putting travellers lives at risk.

 

Airbus couldn't fill demand if they tried. Boeing is up on the news that the next two decades represent $8.7 trillion dollars of potential profits. I dare say the sky isn't falling. Yes Airbus will get a nice lift out of this but these things all even out over time.

 

https://www.prnewswire.com/news-releases/boeing-forecasts-8-7-trillion-aerospace-and-defense-market-through-2028--300869450.html

Edited by Cryingdick
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Posted (edited)
42 minutes ago, Chomper Higgot said:

Oh look, he believes the US can't loose a major industry to foreign competition, and the big laugh..... he thinks Airbus are the only threat. 

 

 

 

 

 

Maybe in twenty years. Today impossible. The production simply doesn't exist and it can't be developed over night.

Edited by Cryingdick
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Posted (edited)
1 hour ago, Chomper Higgot said:

Oh look, he believes the US can't loose a major industry to foreign competition, and the big laugh..... he thinks Airbus are the only threat. 

 

 

 

 

 

Don't let your awkward hatred of a corporation blind you. You also realize if Boeing did go under it would be bad for you as a consumer right? Other players will come into the game such as Pepsi and Coke are the two big ones with a plethora of other options out there.

 

Anyway yeah according to this Boeing is doomed. Stock is CAVU at the moment sunshine. Let's also not forget that Boeing is the second largest defense contractor in the USA and has nearly twice the market cap of Airbus. The defense segment alone makes it a massive company.

 

Thanks for playing

 

 

https://www.prnewswire.com/news-releases/international-airlines-group-announces-intent-to-buy-200-boeing-737-max-airplanes-300870424.html

Edited by Cryingdick
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1 hour ago, Cryingdick said:

 

Airbus couldn't fill demand if they tried. Boeing is up on the news that the next two decades represent $8.7 trillion dollars of potential profits. I dare say the sky isn't falling. Yes Airbus will get a nice lift out of this but these things all even out over time.

 

The  sky was falling all right for those unfortunate enough to be on those 737-8max flights. It will take a lot of convincing to bring people back on those aircrafts, fix or no fix, that's how human psyche works, and that's why airlines won't be buying them as much as planned. Of course things will even out over time, the question is how long.

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Posted (edited)
7 minutes ago, arithai12 said:

The  sky was falling all right for those unfortunate enough to be on those 737-8max flights. It will take a lot of convincing to bring people back on those aircrafts, fix or no fix, that's how human psyche works, and that's why airlines won't be buying them as much as planned. Of course things will even out over time, the question is how long.

 

There will be no choice but to go on those planes. When the holidays come nearer and all flights fill up if you want to travel there will simply be no choice. IAG wants 200 new 373 Max. I think some of you on this thread really don't grasp how big Boeing is. By next year this is all forgotten if nothing else goes wrong.

 

 

Edited by Cryingdick
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6 hours ago, Pedrogaz said:

Who would buy Boeing now? Let's see how the quick fix and name change on the 737 MAX works first and the problems with the Dreamliner.

I read that the company was obsessed with saving money on manufacture to make additional profits putting travellers lives at risk.

 

Some of you don't like facts. Try actually reading some of the news from the industry aviation event in Paris. News is way better than would be expected right now.

 

https://www.wsj.com/articles/boeing-ends-order-drought-triggered-by-737-max-crisis-11560855093

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Boeing only gained over $10 billion dollars of valuation today. Led the DJIA up 5.38%. Funny this story came out and the doubters who bit it on it while in reality land Boeing had the best single day it has had in quite some time. lol You people rock.

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Amazon just ordered 15 planes I know most of you on this site hate Boeing and Amazon so take some of that.

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On 6/18/2019 at 9:36 PM, Cryingdick said:

 

Don't let your awkward hatred of a corporation blind you. You also realize if Boeing did go under it would be bad for you as a consumer right? Other players will come into the game such as Pepsi and Coke are the two big ones with a plethora of other options out there.

 

Anyway yeah according to this Boeing is doomed. Stock is CAVU at the moment sunshine. Let's also not forget that Boeing is the second largest defense contractor in the USA and has nearly twice the market cap of Airbus. The defense segment alone makes it a massive company.

 

Thanks for playing

 

 

https://www.prnewswire.com/news-releases/international-airlines-group-announces-intent-to-buy-200-boeing-737-max-airplanes-300870424.html

Produce evidence of my hatred, awkward or otherwise, of Boeing?

 

Off you go, get searching.

 

Or don’t waste time and admit you made up the ridiculous accusation.

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On 6/18/2019 at 9:55 PM, Cryingdick said:

 

There will be no choice but to go on those planes. When the holidays come nearer and all flights fill up if you want to travel there will simply be no choice. IAG wants 200 new 373 Max. I think some of you on this thread really don't grasp how big Boeing is. By next year this is all forgotten if nothing else goes wrong.

 

 

By next year this is all forgotten if nothing else goes wrong.”

 

Putting aside those who lost loved ones as a result of Boeing prioritising profits over safety, you have at least had the good sense to include a rather damning caveat.

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On 6/18/2019 at 8:02 AM, webfact said:

New blow to Boeing from engine delay, Airbus long-range rival takes off

Great news for those countries in the EU...

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