Boeing has reported a challenging financial year for 2024, with a 14% drop in revenue to $66.5 billion and a net loss of $11.8 billion. In the fourth quarter, the company faced a 31% revenue decline to $15.2 billion, accompanied by a net loss of $3.86 billion.
Ryanair, the Irish low-cost airline, has shared projections that Boeing will increase the monthly production rate of its B737 MAX aircraft to 38 units by the end of summer 2025. Additionally, production could climb to 42 units per month by October 2025, subject to approval from the Federal Aviation Administration (FAA).
Dubai Aerospace Enterprise (DAE), based in the United Arab Emirates, has announced a definitive agreement with K2 Aviation of Ireland to sell seven aircraft from its portfolio. These aircraft, consisting of both Airbus and Boeingmodels, are currently on lease to six different airline customers.
United Airlines, a leading U.S. carrier, has expanded its fleet with the delivery of a Boeing 737-8, identified by serial number 67633. This aircraft is powered by LEAP-1B28 engines, providing superior efficiency and reliability.
Libyan Express has expanded its fleet with the delivery of a Boeing 737-800, identified by serial number 34948, acquired from Buraq Air, another Libya-based airline. The addition of this aircraft marks a strategic move to bolster Libyan Express’ operational capacity and route network.
Ethiopian Airlines, Africa’s largest airline, has expanded its cargo fleet with the delivery of a Boeing 777 Freighter, identified by serial number 68140. The aircraft is powered by GE90-110B1 engines, known for their exceptional performance and efficiency. The Boeing 777F is one of the most advanced freighters in the market, offering unmatched payload capacity and long-range capabilities. Its addition to…
AviaAM Leasing, a Lithuania-based aircraft leasing company, has announced the successful sale of a Boeing 737-800 to a US-based partner. This transaction is part of the lessor’s impressive 2024 portfolio, which saw the completion of 39 projects, including 18 acquisitions, 17 sales, and 4 leases.
Air China, one of China’s leading carriers, has expanded its fleet with the delivery of a Boeing 737-8, identified by serial number 60924. The aircraft is equipped with advanced LEAP-1B engines, known for their fuel efficiency and environmental performance.
Spirit AeroSystems, a leading U.S. aerospace manufacturer, and Boeing have agreed to amend a prior memorandum of agreement (MOA) dated April 2024. The updated terms will postpone Spirit’s repayment of advances to Boeing until 2026, providing Spirit with additional financial flexibility.
Boeing, a global leader in aerospace manufacturing, has announced its projected financial results for the fourth quarter of 2024, highlighting revenue of $15.2 billion. Despite significant revenue generation, the company anticipates a GAAP loss per share of ($5.46) and a negative operating cash flow of ($3.5) billion.
