Tag: returning

Boeing Company Announces Second Quarter Deliveries

July 13, 2021 / WIL BALDWIN

The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the second quarter of 2021.

“We continue the work to deliver on our commitments to our commercial, defense, space and services customers, while positioning our business for a stable and strong recovery from the pandemic. In the second quarter, we made progress in safely returning the 737 MAX to service in more international markets and increasing the pace of 737 deliveries,” the company said.

As Boeing has previously shared, the company has been engaged in detailed discussions with the FAA on verification methodology for 787 fuselages, and conducting associated inspections and rework. In connection with these efforts, the company has identified additional rework that will be required on undelivered 787s. Based on our assessment of the time required to complete this work, Boeing is reprioritizing production resources for a few weeks to support the inspection and rework. As that work is performed, the 787 production rate will temporarily be lower than five per month and will gradually return to that rate. Boeing now expects to deliver fewer than half of the 787s currently in inventory this year.

“We will continue to take the necessary time to ensure Boeing airplanes meet the highest quality prior to delivery. Across the enterprise, our teams remain focused on safety and integrity as we drive stability, first-time quality and productivity in our operations,” the company added.

Major program deliveries during the second quarter were as follows:

Major Programs	2nd Quarter 2021	Year-to- Date 2021

Commercial Airplanes Programs
737	50		113
747	1		2
767	8		13
777	8		14
787	12		14
Total	79		156

Defense, Space & Security Programs
AH-64 Apache (New)	6		15
AH-64 Apache (Remanufactured)	16		31
CH-47 Chinook (New)	3		6
CH-47 Chinook (Renewed)	1		4
F-15 Models	5		8
F/A-18 Models	7		11
KC-46 Tanker	2		4
P-8 Models	3		6
Commercial and Civil Satellites	—		—
Military Satellites	—		—

Note: Delivery information is not considered final until quarterly financial results are issued.

Icelandair Flies to Antarctica and Back

March 3, 2021 / WIL BALDWIN

Last week, an Icelandair (Iceland: ICEAIR.IC) Boeing 767 (TF-ISN), landed at Troll airfield (QAT) at the Troll research station operated by the Norwegian Polar Institute in Dronning Maud Land, Antarctica. The flight was operated by Loftleiðir (Icelandair’s charter-flight subsidiary) to offload provisions for the research station’s staff who will remain at Troll this winter, and to pick up scientists returning to Norway after their summer service. Some of the scientists had been at Troll for 16 months and were happy to be heading home.

The flight

The journey involved a lot of planning due to the unique conditions, and involved 6 pilots, 13 crew and 1 flight engineer.

From Keflavík airport in Iceland, the plane flew nonstop to Cape Town, South Africa, where it paused for a rest and refueling stop. Some of the team stayed in Cape Town and the remainder flew 4,332km south to Troll in 5 hours and 43 minutes.

After a 2-hour layover at Troll, the aircraft returned with the Norwegian passengers to Cape Town, picked up the fresh crew, and continued on to Oslo, then home to Iceland.

According to flight commander August Hakansson, landing conditions at Troll were far better than forecast. And the worst weather of the entire trip was upon the return to Keflavík!

The flight route was so unusual that it attracted worldwide attention from aviation fans and media, including over 30,000 followers on Flightradar. And although it might seem crazy, this isn’t Icelandair’s first time in the Deep South – back in 2015, Icelandair became the first commercial airline to land a plane on a blue-ice runway in Antarctica.

Click the link below to read the full story!

https://www.icelandair.com/blog/icelandair-flies-to-antarctica/

Why Shares of Sabre Corporation Were Up Monday

June 1, 2020 / WIL BALDWIN

Boston Mayor Marty Walsh joined travel technology leader Sabre to mark the grand opening of its Boston Innovation Lab, the new headquarters for its research and development team, Sabre Labs. From left to right: Andrew Gasparovic, vice president and chief architect, Sabre Labs; Caroline Wester, director of software engineering, Sabre Labs; Sundar Narasimhan, president of Sabre Labs and product strategy; Sean Menke, president and CEO, Sabre; Larry Kellner, chairman of the board, Sabre.

Shares of Sabre (NASDAQ: SABR) rallied along with airline stocks on Monday on hope that travel patterns might slowly be returning to normal. The airlines were hit hard by the COVID-19 pandemic, and with them companies that rely on air travel like Sabre, but investors are seeing signs that the worst might finally be over. Sabre, a former American Airlines Group subsidiary that runs airline ticketing and reservation systems, has lost two-thirds of its value in 2020 on a decline in airline business and regulatory issues that blocked a planned acquisition.

Click the link below to read the full story!

https://www.fool.com/investing/2020/06/01/why-shares-of-sabre-are-up-today.aspx

Dragon Capsule has Arrived at the International Space Station

March 11, 2020 / WIL BALDWIN

SpaceX’s Dragon capsule arrived at the International Space Station on March 9, 2020 and was docked at 3:25 a.m. PDT while flying over 262 statute miles over the Pacific Northwest. The spacecraft was then installed on the Harmony module for the duration of its four-week stay at the orbiting laboratory.

Filled with approximately 4,500 pounds of supplies and payloads, Dragon launched aboard a Falcon 9 rocket on March 6, 2020 from Cape Canaveral Air Force Station in Florida. The Dragon spacecraft that supported the CRS-20 mission previously supported the CRS-10 mission in February 2017 and the CRS-16 mission in December 2018. Dragon is the only spacecraft currently flying that’s capable of returning significant amounts of cargo to Earth.

SpaceX Dragon Resupply Mission (CRS-19) Splashdown

January 10, 2020 / WIL BALDWIN

Packed with about 3,800 pounds of cargo and science, SpaceX’s Dragon spacecraft departed the International Space Station on Tuesday, January 7. A parachute-assisted splashdown in the Pacific Ocean occurred that morning just west of Baja California. A recovery team then secured Dragon on a boat for the return trip to the Port of Los Angeles, wrapping up SpaceX’s 19th resupply mission to the space station.

Filled with approximately 5,700 pounds of supplies and payloads, Dragon launched aboard a Falcon 9 rocket on December 5, 2019 from Cape Canaveral Air Force Station in Florida and arrived at the space station on December 8. The Dragon spacecraft supporting the CRS-19 mission previously supported the CRS-4 mission in September 2014 and the CRS-11 mission in June 2017. Dragon is the only spacecraft currently flying that is capable of returning significant amounts of cargo to Earth.

Boeing Announces Leadership Changes

December 23, 2019 / WIL BALDWIN

David L. Calhoun Named President and CEO
Lawrence W. Kellner to Become Chairman of the Board
New Leadership to Bring Renewed Commitment to Transparency and Better Communication With Regulators and Customers in Safely Returning the 737 MAX to Service

Boeing [NYSE: BA] announced today that its Board of Directors has named current Chairman, David L. Calhoun, as Chief Executive Officer and President, effective January 13, 2020. Mr. Calhoun will remain a member of the Board. In addition, Board member Lawrence W. Kellner will become non-executive Chairman of the Board effective immediately.

The Company also announced that Dennis A. Muilenburg has resigned from his positions as Chief Executive Officer and Board director effective immediately. Boeing Chief Financial Officer Greg Smith will serve as interim CEO during the brief transition period, while Mr. Calhoun exits his non-Boeing commitments.

The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders.

Under the Company’s new leadership, Boeing will operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers.

“On behalf of the entire Board of Directors, I am pleased that Dave has agreed to lead Boeing at this critical juncture,” Mr. Kellner said. He added, “Dave has deep industry experience and a proven track record of strong leadership, and he recognizes the challenges we must confront. The Board and I look forward to working with him and the rest of the Boeing team to ensure that today marks a new way forward for our company.”

Mr. Calhoun said, “I strongly believe in the future of Boeing and the 737 MAX. I am honored to lead this great company and the 150,000 dedicated employees who are working hard to create the future of aviation.”

Boeing Statement Regarding 737 MAX Production

December 16, 2019 / WIL BALDWIN

Boeing suspends 737 MAX production starting in January due to certification in 2020
Reduced production output enables prioritization of stored aircraft delivery
No layoffs or furlough expected at this time

Safely returning the 737 MAX to service is our top priority. We know that the process of approving the 737 MAX’s return to service, and of determining appropriate training requirements, must be extraordinarily thorough and robust, to ensure that our regulators, customers, and the flying public have confidence in the 737 MAX updates. As we have previously said, the FAA and global regulatory authorities determine the timeline for certification and return to service. We remain fully committed to supporting this process. It is our duty to ensure that every requirement is fulfilled, and every question from our regulators answered.

Throughout the grounding of the 737 MAX, Boeing has continued to build new airplanes and there are now approximately 400 airplanes in storage. We have previously stated that we would continually evaluate our production plans should the MAX grounding continue longer than we expected. As a result of this ongoing evaluation, we have decided to prioritize the delivery of stored aircraft and temporarily suspend production on the 737 program beginning next month.

We believe this decision is least disruptive to maintaining long-term production system and supply chain health. This decision is driven by a number of factors, including the extension of certification into 2020, the uncertainty about the timing and conditions of return to service and global training approvals, and the importance of ensuring that we can prioritize the delivery of stored aircraft. We will continue to assess our progress towards return to service milestones and make determinations about resuming production and deliveries accordingly.

During this time, it is our plan that affected employees will continue 737-related work, or be temporarily assigned to other teams in Puget Sound. As we have throughout the 737 MAX grounding, we will keep our customers, employees, and supply chain top of mind as we continue to assess appropriate actions. This will include efforts to sustain the gains in production system and supply chain quality and health made over the last many months.

We will provide financial information regarding the production suspension in connection with our 4Q19 earnings release in late January.