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Looks like the ole "polar vortex" is whipping thru Chi-Town & headed to all points South...
....for those of you affected, guess you'll be taking the day(s) off.
In the meantime: Boeing faces $15 billion decision of the decade: Is it time to build the 797? more at http://www.chicagotribune.com/busine...129-story.html It's only January, but Boeing Co. executives are already closing in on one of their most important determinations of the year: whether to plow an estimated $15 billion into a new jetliner family. The aircraft nicknamed the 797 would feature Boeing's first all-new design since the 787 Dreamliner's unveiling in 2004, while shoring up its product line against recent Airbus advances. The European plane-maker's incoming boss, Guillaume Faury, says he's waiting for Boeing to tip its hand before revealing countermoves. That sets up a likely showdown at the Paris Air Show in June. Designed for economical flying on midrange routes — think Chicago to Berlin, or New York to Los Angeles — the Boeing jet would have the potential to transform air travel by spawning a new breed of longer-distance budget carriers. But the decision on whether to move forward hasn't been easy. A misfire would cannibalize sales of the 787 Dreamliner and endanger the cash bounty that has made Boeing a darling of Wall Street. "Every single other Boeing jet has been pretty much a guaranteed home run, even if it wasn't clear at the time," said aerospace analyst Richard Aboulafia. "This is different. They've got to be careful with this." Boeing's board is expected to review the case for the new program by the end of March, according to people briefed on the matter. For now, the team spearheading the concept, led by former 787 program head Mark Jenks, has been meeting monthly with Chief Executive Officer Dennis Muilenburg and Chief Financial Officer Greg Smith. The sales force has been fine-tuning the design with airlines for at least five years, creating a "will it or won't it?" drama around the decision on whether to make the plane, known internally at Boeing as the NMA, for new, middle-of-market airplane. "With some planes, the technology is the 'moonshot'; with this, it's the business case," Aboulafia said. The word "moonshot" is the term Boeing uses for quixotic gambles that it has vowed to avoid after loading the 787 Dreamliner with groundbreaking technology and an unproven production system — then losing money on the first 500 or so planes after extensive delays. For Boeing and Airbus, committing to an all-new aircraft is a once-in-a-decade event. Costs are prohibitive, delays are the norm and payoff can take years to materialize. Boeing could easily spend more than $15 billion on the NMA, according to Ken Herbert, analyst with Canaccord Genuity, and Airbus may be forced into a clean-sheet design if sales take off. more at http://www.chicagotribune.com/busine...129-story.html * |
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Looks like the ole "polar vortex" is whipping thru Chi-Town & headed to all points South...
Miloch wrote in
: ...for those of you affected, guess you'll be taking the day(s) off. In the meantime: Boeing faces $15 billion decision of the decade: Is it time to build the 797? more at http://www.chicagotribune.com/busine...jetliner-decis ion-20190129-story.html It's only January, but Boeing Co. executives are already closing in on one of their most important determinations of the year: whether to plow an estimated $15 billion into a new jetliner family. The aircraft nicknamed the 797 would feature Boeing's first all-new design since the 787 Dreamliner's unveiling in 2004, while shoring up its product line against recent Airbus advances. The European plane-maker's incoming boss, Guillaume Faury, says he's waiting for Boeing to tip its hand before revealing countermoves. That sets up a likely showdown at the Paris Air Show in June. Designed for economical flying on midrange routes — think Chicago to Berlin, or New York to Los Angeles — the Boeing jet would have the potential to transform air travel by spawning a new breed of longer-distance budget carriers. But the decision on whether to move forward hasn't been easy. A misfire would cannibalize sales of the 787 Dreamliner and endanger the cash bounty that has made Boeing a darling of Wall Street. "Every single other Boeing jet has been pretty much a guaranteed home run, even if it wasn't clear at the time," said aerospace analyst Richard Aboulafia. "This is different. They've got to be careful with this." Boeing's board is expected to review the case for the new program by the end of March, according to people briefed on the matter. For now, the team spearheading the concept, led by former 787 program head Mark Jenks, has been meeting monthly with Chief Executive Officer Dennis Muilenburg and Chief Financial Officer Greg Smith. The sales force has been fine-tuning the design with airlines for at least five years, creating a "will it or won't it?" drama around the decision on whether to make the plane, known internally at Boeing as the NMA, for new, middle-of-market airplane. "With some planes, the technology is the 'moonshot'; with this, it's the business case," Aboulafia said. The word "moonshot" is the term Boeing uses for quixotic gambles that it has vowed to avoid after loading the 787 Dreamliner with groundbreaking technology and an unproven production system — then losing money on the first 500 or so planes after extensive delays. For Boeing and Airbus, committing to an all-new aircraft is a once-in-a-decade event. Costs are prohibitive, delays are the norm and payoff can take years to materialize. Boeing could easily spend more than $15 billion on the NMA, according to Ken Herbert, analyst with Canaccord Genuity, and Airbus may be forced into a clean-sheet design if sales take off. more at http://www.chicagotribune.com/busine...jetliner-decis ion-20190129-story.html As a "too big to let fail" company Boeing has the luxury of losing billions on a risk. If nothing else the government will just ramp up it's military purchases to keep the company afloat. Some of us remember when DC 10 sales fell off after that engine separation crash in Chicago, the government stepped in ordered a bunch to use as tankers. |
#3
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Looks like the ole "polar vortex" is whipping thru Chi-Town & headed to all points South...
In article , Mitchell Holman
says... Miloch wrote in : ...for those of you affected, guess you'll be taking the day(s) off. In the meantime: Boeing faces $15 billion decision of the decade: Is it time to build the 797? more at http://www.chicagotribune.com/busine...jetliner-decis ion-20190129-story.html As a "too big to let fail" company Boeing has the luxury of losing billions on a risk. If nothing else the government will just ramp up it's military purchases to keep the company afloat. Some of us remember when DC 10 sales fell off after that engine separation crash in Chicago, the government stepped in ordered a bunch to use as tankers. This just came out: Boeing shares surge after monster earnings beat and a record $101 billion in annual revenue https://www.cnbc.com/2019/01/30/boei...s-q4-2018.html •Boeing reports more than $100 billion in annual revenue for the first time. •The aerospace giant also provides a strong 2019 forecast, expecting earnings of $19.90 to $20.10 a share. •Boeing's commercial airplanes business delivered a record 806 aircraft last year but the company expects to shatter that in 2019, saying deliveries will climb to 895 to 905 next year. * |
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