Cathay Pacific Airways Ltd. has launched a bidding process for dozens of new widebody aircraft, according to people familiar with the matter, pitting Airbus SE against Boeing Co. in what would be a multibillion-dollar deal.
Cathay Pacific has tapped both Airbus and Boeing, requesting their proposals for the airline’s next aircraft order. The airline is considering the Airbus A350 or Boeing 787 family, along with the possibility of adding more Boeing 777Xs to its fleet.
Airbus has shut down its new for-hire cargo airline focused on transporting oversize shipments using the odd-shaped Beluga superfreighter.
Airbus signalled a potential new charge in its troubled Space business on Tuesday, saying it would update investors on a long-running status review of a major satellite programme during annual results on Feb.
Boeing’s quality issues led to major declines, while Airbus fared better. Find out why BA and EADSF stocks could see strong growth in 2025 due to low bases.
Boeing faced its own challenges. It started 2024 with the hopes of putting its troubled past behind and getting on with aircraft delivery, but the Alaska Airlines midair blowout incident changed the trajectory of its operations for the rest of the year.
· 1d · on MSN
Boeing posts $3.8 billion Q4 loss and has lost more than $35 billion since fatal crashes in 2019
Boeing posts $3.8-B Q4 loss
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer. Boeing has lost more than $35 billion since 2019 following the crashes of two then-new Max jets that killed 346 people.
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Boeing has lost more than $35 billion since fatal crashes in 2019
The loss demonstrates the challenges facing CEO Kelly Ortberg in turning around the planemaker as it cedes more ground to rival Airbus.
Airplane maker’s whopping losses for the fourth quarter and full year illustrate the urgency for the company, which has about 3,000 employees in San Antonio.
Boeing appears to have confirmed the German flag carrier Lufthansa as the 777-9 launch customer in its latest earnings conference call.
Brazilian plane-maker Embraer is showing up its larger rivals by keeping factories humming and shipments flowing.
Boeing is planning another rate increase for the 787 Dreamliner jet built in North Charleston as plans move forward to double the site's manufacturing space.
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