GE Aviation is transferring responsibility for GE CF34-3 engine parts to Boeing subsidiary Aviall Services. Under the exclusive distributor agreement signed by GE Aviation and Aviall Services, Aviall will be responsible for forecasting, ordering and delivering all genuine OEM replacement parts that are unique to CF34-3 engines.
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Boeing said today that it expects to slash employment at its Commercial Airplanes business by some 4,500 positions this year “as part of an effort to ensure competitiveness and control costs in the face of a weakening global economy.” The cuts lower Boeing Commercial Airplanes’ employment total to roughly 63,500, approximately the level at which it began at the start of last year.
In 36 years of cooperation between China and the U.S., few brands have come to epitomize the relationship quite like Boeing. In 1972, then-U.S. President Richard Nixon made his ice-breaking visit to China on a Boeing 707. That year China purchased 10 Boeing 707s, ending the monopoly of Soviet-made civil aircraft in China’s skies.
Boeing engineers and technical workers represented by the Society of Professional Engineering Employees in Aerospace (SPEEA) yesterday voted to approve a pair of new four-year contracts.
Boeing has revealed just how dominant the Middle East is in its executive aircraft order book. If the fact that 33 percent of Boeing’s total orders is emanating from the region is not impressive enough, how about the U.S.
World financial markets continued their downward slide yesterday amid fresh worries that declining corporate earnings could further soften the used jet market and adversely impact future deliveries of new business airplanes.
As if there hasn’t already been enough bad financial news, reports from UBS Investment Research and JPMorgan indicate that pre-owned business jet inventories continued to increase in August, leading both firms to warn that deliveries of new aircraft could fall as a result.
The Society of Professional Engineering Employees in Aerospace (SPEEA) has publicly called on Boeing to “face the fact that the global network is a failure and bring the critical work back so the experienced employees can get the 787 back on track.”
Boeing today presented what it called its best and final contract offer to its approximately 27,000 employees represented by the International Association of Machinists and Aerospace Workers in Washington, Oregon and Kansas. The offer includes an 11-percent pay increase, cost-of-living adjustments and pension increase of $80 per month per year of service.
Boeing will resume flight-testing of its Model 777F cargo aircraft “as soon as possible,” the manufacturer said after the freighter’s first flight on Monday was curtailed by problems unrelated to aircraft performance.