United Continental Holdings Inc. was rewarded with the lowest interest rates on record on $892.1 million of bonds backed by jets in the first-ever debt offering secured by Boeing Co.’s 787 Dreamliner. 
JAL unsure it will get four 787s promised by end March JAL in talks with Boeing on new delivery dates ANA says delivery delays may be two or three months 
Boeing Co. ordered inspections of 787 Dreamliners after finding signs of delamination on the fuselage of the first passenger jetliner built chiefly of carbon-fiber composites. Airbus has said the carbon A350 will eventually outshine the 777 because it will be lighter and cheaper to run, while Boeing was expected to make similar claims about the 787-10 against the A330, which stems from roughly the same era as the 777. Air India breaks out its individual prices ranging from $109.6 million for its first 787 to $111.1 million for its seventh. Such prices, which include engines valued in the filing at around $16 million appear to have escalated over time to account for changes in commodity prices and inflation since the airline firmed its order for 27 787s in December 2005. Boeing Co. said Monday that it entered into separate $2.3 billion revolving credit agreements — 1-year and 5-year deals — to replace older agreements. A 364-day agreement replaced a similar deal dated Nov. 12, 2010, and a 5-year agreement replaced a $2 billion credit arrangement from November 2007, the company said. 
Boeing Co. is poised to give investors the first glimpse into the average profit from each 787 Dreamliner today, with analysts estimating the company will spread the initial costs over 1,100 planes. 
Boeing delivers the first 787 Dreamliner to All Nippon Airways (ANA) this week, but it has spent a staggering amount to get this far: more than $32 billion, according to a conservative estimate by The Seattle Times. 
Boeing Tuesday started final assembly of its mainstay 737 aircraft at a new rate of 35 a month, up from 31.5, the company announced. |
Those design decisions include: 
United Airlines says it will take delivery of six Boeing 787-8s in the last four months of the year. According to United, the base value for the first two 787 deliveries is $120.8 million each, while the remaining 787s are valued at $121.2 million each. About 55 of Boeing Co's 787 Dreamliner jets could have a recently discovered flaw in the fuselage, the company said on Wednesday. [...] Boeing will decide whether to go ahead with plans to produce a stretched, or longer, version of the 787 Dreamliner by the end of this year, Albaugh said. CEO Jim McNerney projected that Boeing will deliver 585 to 600 jets in 2012 — more than Airbus' announced goal of 570 deliveries. [...] Analyst Carter Copeland of Barclays Capital calculates that the first 787 delivered last September cost just shy of $400 million to build; each of the next 45 or so cost Boeing an average $310 million; and the latest six or seven jets being built have an average cost of $250 million to $275 million. Boeing disputes the cost estimates detailed in a recent Bernstein Research note claiming development of the 737 Max will be twice that of the Airbus A320neo,... 
Boeing's final jet-delivery figures for 2011 show steady production on the established 777 and 737 assembly lines in Everett and Renton but disappointingly few deliveries of its new airplanes. Now that 787 deliveries have started, many are wondering what 787 deliveries will look like going forward. I've put together a quick spreadsheet in Google Docs to estimate the number of deliveries Boeing can possibly make from now to the end of 2012. I'm taking into account the current inventory of 787s that Boeing has assembled but still has to finish change incorporation, 787s that have yet to finish final assembly and also go through change incorporation, and finally 787s that have yet to be assembled but would not have to go through the change incorporation process. Boeing will deliver only two more 787s the rest of this year. The two aircraft are both destined for ANA and are late build 787s. L/N 31 is already out on the Everett flightline has had some ground test done but has yet to run its engines for the first time. Boeing plans to fly this airplane on its B-1 check flight sometime next week and deliver around the 2nd week of December. Will the 787 ever bring value to Boeing? Will the net present values of all the cash flows related to the programme ever be positive? 
Beware of how production rates are calculated. There are some major differences between Boeing and Airbus. CAS accounts for 15% of the revenues at BCA. BCA CEO Jim Albaugh last year told employees in an Excellence Hour meeting that CAS contributed about $1bn in profits to BCA. |
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