- Corporate Address
- 100 N. Riverside Plaza
Chicago, IL 60606-1596
Boeing is a leading manufacturer of commercial and military aircraft, rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. Headquartered in Chicago, Boeing employs more than 170,000 people across the United States and in 70 countries.
Boeing is organised into two business units: Boeing Commercial Airplanes and Boeing Defense, Space & Security. Supporting these units is Boeing Capital Corporation, the Shared Services Group and Boeing Engineering, Operations & Technology.
Boeing’s main commercial products are the B737, B747, B767 and B777 families of aircraft and the Boeing Business Jet. New product development efforts are focused on the B787 Dreamliner, 737Max, 777X and the B747-8. The company has nearly 12,000 commercial jetliners in service worldwide, which is roughly 75% of the world fleet.
10,795 total articles
335 total articles
One of Air Canada’s key strategic initiatives during the next few years is to solidify its presence as Canada’s leading international airline, and its execution of that strategy is now more important than ever after rival WestJet has made the first concrete steps in acquiring widebody aircraft.
Part of Air Canada’s efforts in maximising higher-yielding international traffic is wresting sixth freedom flows away from the US to its Canadian hubs. This is particularly important over Toronto where the groundwork is in place to allow for seamless connections to Air Canada’s long-haul flights to Asia and Europe.
Air Canada believes that if it succeeds in capturing its projected share of the international transit traffic, it could generate CAD400 million (USD371 million) in annual revenue. But US airlines are improving their onboard product and bolstering long-haul flights, adding new challenges to Air Canada’s transit passenger scheme.
Leasing companies stepped into centre stage on the second day of the 2014 Farnborough Airshow, with a flurry of high value orders.
Since the beginning of the airshow, eight aircraft lessors announced a wide range of orders, totalling more than 400 aircraft, valued at over USD35 billion at list prices.
In particular, lessors have jumped on the chance for early orders for Airbus’ new A330neo. 65 of the 105 firm orders and commitments for the aircraft, launched on 14-Jul-2014, came from leasing companies.
Airbus and Boeing typically grab the headlines at the big airshows, but regional aircraft manufacturers had a particularly strong first day at the bi-annual Farnborough Airshow.
The smaller aircraft manufacturers – Embraer, Bombardier, Sukhoi, ATR, COMAC and Mitsubishi Aircraft Corporation – collectively announced firm and tentative orders for nearly 130 jets and turboprops, as well as options for another 120 aircraft.
With all orders and options included, the deals are valued at more than USD7.8 billion.
All the major US airlines are projecting strong unit revenue growth for 2Q2014 underpinned by continued strong domestic demand. Southwest so far has the highest projections of 8% while United is reversing a 1Q2014 unit revenue decline of 2% with 3.5% growth year-on-year in 2Q2014.
Although United’s estimated passenger unit revenue growth is still trailing its peers, the improvement is encouraging. The airline’s unit cost projections for 2Q2014 are also favourable, a welcome sign for investors looking for indications that United is really beginning to clear some major merger hurdles.
There are lingering concerns about a slight capacity imbalance in the trans-Atlantic market and weakness in Latin America triggered by a decline in business demand during the World Cup. But overall the positive momentum from 1Q2014 seems to be continuing for US airlines, which should result in solid profits for the summer high season.
WestJet’s official declaration that it intends to start operating widebody aircraft in late 2015 is not surprising given the airline’s commentary about acquiring twin-aisle jets has grown more robust throughout the past year.
However, within the span of two years WestJet is rapidly changing its business model: the introduction of both smaller 70-seat turboprops to compete in regional markets; and widebodies to go international, each adding new layers of complexity that requires absorption. But as with the shorter-haul regional market, WestJet has concluded that the opportunity in the long-haul space – nearly double the value of the transborder market – is too large to leave to its Air Canada competitor.
WestJet’s crystallising of its widebody ambitions caps off a raft of changes in the Canadian domestic market as the country’s incumbent airlines face potential pressure from upstart ultra low-cost carriers who believe Canada is ripe for the pay-for-frills model that exists in most other markets.
Canada is emerging as a breeding ground for proposed ultra low-cost carriers as a second ULCC startup, this one commanded by WestJet’s co-founder, aims to capitalise on the frills for a fee model, joining another aspiring ULCC, Canada Jetlines.
Jet Naked is the latest ultra low-cost airline that wants to establish itself in Canada, the name perhaps a nod to the no-frills experience it aims to engender (and perhaps the sort of ready-made marketing campaigns it will embark on). It is not surprising that Canada has become a hotbed for the ULCC model as WestJet’s cost and model have migrated upward, creating what some see as an opportunity for a true no-frills airline to target passengers priced out of air travel. This mirrors Australia's experience as LCC Virgin Blue went up market and aggressive LCC Tiger Airways entered; the difference there though was that Virgin's main target, Qantas, already had its own LCC subsidiary, thus sandwiching the smaller airline. Virgin has since bought a controlling share in the renamed Tigerair, to balance the market forces.
There are considerable similarities between the Australian and Canadian markets, along with some big differences – like being situated next to the world's biggest aviation market. But, like Qantas and (now-renamed) Virgin Australia, neither Air Canada nor WestJet can afford to look the other way.
Access to Contacts and Route Maps on a Free Trial is limited to:
- Sydney Airport
- Paris CDG Airport
- Hong Kong Airport
- Dubai Airport
- Air France
- Cathay Pacific
|A. Kristine Fellrath||VP-Business Operations, Commercial Airplanes||n/a|
|Allen Adler||VP-Enterprise Technology Strategy, Engineering, Operations & Technology||n/a|
|Brian Moran||President-EU & NATO Relations||n/a|
|Charles H. Woods||VP & CFO-Engineering, Operations & Technology||n/a|
|Christopher M Chadwick||Boeing EVP, President & CEO-Boeing Defence, Space & Security||n/a|
|Dennis A. Muilenburg||Boeing Vice Chairman, President & COO||n/a|
|Dennis O'Donoghue||VP-Boeing Test & Evaluation, Engineering, Operations & Technology||n/a|
|Diana L. Sands||SVP-Office of Internal Governance, The Boeing Company||n/a|
|Eric John||President-Boeing Korea||n/a|
|Greg Hyslop||VP & GM-Boeing Research & Technology||n/a|
|Greg Smith||EVP & CFO-The Boeing Company||n/a|
|J. Michael Luttig||EVP-General Counsel, The Boeing Company||n/a|
|Jack Jones||VP & GM-Boeing South Carolina, Commercial Airplanes||n/a|
|John J. Tracy||Chief Technology Officer & SVP Engineering, Operations & Technology, The Boeing Company||n/a|
|John Wojick||VP-Sales, Commercial Airplanes||n/a|
|Kevin Schemm||VP & CFO-Commercial Airplanes||n/a|
|Kim Hammonds||CIO-The Boeing Company||n/a|
|Mark G. Hooper||VP-Communications & Marketing, Commercial Airplanes||n/a|
|Maureen Dougherty||President-Boeing Australia & South Pacific||n/a|
|Michael B. Bair||VP-Marketing, Commercial Airplanes||n/a|
|Michael J. Cave||SVP-The Boeing Company & President, Boeing Capital Corporation||n/a|
|Michael P. Delaney||VP-Engineering, Commercial Airplanes||n/a|
|Nicole Piasecki||VP-Business Development & Strategic Integration, Commercial Airplanes||n/a|
|Patrick Shanahan||SVP & GM-Airplane Programs, Commercial Airplanes||n/a|
|Peter L. Hoffman||VP-Intellectual Property Management, The Boeing Company||n/a|
|Raymond L. Conner||Vice Chairman, President & CEO-Boeing Commercial Airplanes||n/a|
|Rinaldo Petrignani||President-Boeing Italy||n/a|
|Robert E. Verbeck||VP-Finance & Corporate Controller||n/a|
|Scott Fancher||VP & GM-Airplane Development, Commercial Airplanes||n/a|
|Shelley K. Lavender||Leader-Boeing Military Aircraft||n/a|
|Shephard W. Hill||President-Boeing International & SVP-Business Development & Strategy, The Boeing Company||n/a|
|Stan Deal||SVP-Commercial Aviation Services||n/a|
|Stanley A. Deal||VP & GM-Supply Chain Management & Operations, Commercial Airplanes||n/a|
|Thomas J. Downey||SVP-Communications, The Boeing Company||n/a|
|Timothy Keating||SVP-Government Operations, The Boeing Company||n/a|
|Tony Parasida||SVP-HR & Administration, The Boeing Company||n/a|
|Ursula English||VP-Environment, Health & Safety, Engineering, Operations & Technology||n/a|
|W. James (Jim) McNerney, Jr.||Chairman, President & CEO-The Boeing Company||n/a|