Wednesday, February 22, 2017

Wide Body Report - February 22, 2017

February 22, 2017

German Typhoon fighters were scrambled to intercept a Boeing 777 bound from Mumbai to London, after the airplane briefly lost contact with air traffic controllers.

Boeing rolled out its first 787-10 at its South Carolina plant.  This is the first Boeing wide body model that was not previously produced at its Everett facility.

Air India has put two Boeing 787s up for sale.  The airplanes are being offered under a sale and lease-back arrangement, under which Air India would agree to lease the airplanes from whichever lessor agrees to buy them.

At its 4Q investor's meeting, Finnair blamed delays in Airbus A350 deliveries for extra expenses in 2016 that adversely affected its profitability.  Finnair had to lease additional airplanes to make up for the absent A350s.

Despite solid sales and deliveries in 2016, Airbus executives have warned that a $2.3 billion cost overrun on its A400M military transport program would likely overshadow its 4Q earnings report.

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