Aviation

10 things about Boeing New CEO Kelly Ortberg

Boeing has announced Robert K. “Kelly” Ortberg as its new President and Chief Executive Officer, effective August 8, 2024. As the company embarks on a new chapter, Ortberg’s extensive aerospace experience and leadership will play a crucial role in shaping Boeing’s future.

Here are ten key things you should know about Boeing’s new CEO and his impressive career that has led him to this pivotal role.

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Appointment Date: Robert K. Ortberg will officially become Boeing’s President and Chief Executive Officer on August 8, 2024.

Board Membership: In addition to his role as CEO, Ortberg will join Boeing’s Board of Directors.

Successor: Ortberg will succeed Dave Calhoun, who is retiring after serving as President and CEO since January 2020 and as a Board member since 2009.

Selection Process: Boeing’s Board of Directors conducted a thorough search for the new CEO, ultimately selecting Ortberg based on his extensive experience and leadership skills.

Industry Experience: Ortberg has over 35 years of experience in the aerospace industry, starting his career as an engineer at Texas Instruments in 1983.

Rockwell Collins Leadership: He joined Rockwell Collins in 1987, where he held various leadership roles and became President and CEO in 2013.

Post-Rockwell Collins: After the integration of Rockwell Collins with United Technologies and RTX, Ortberg retired from RTX in 2021.

Board Roles: Ortberg has served on the Board of Directors of RTX and Aptiv PLC and is a former Chair of the Aerospace Industries Association (AIA) Board of Governors.

Educational Background: He holds a bachelor’s degree in mechanical engineering from the University of Iowa.

Vision for Boeing: Ortberg expressed excitement about joining Boeing and is committed to continuing the company’s legacy of safety and quality, emphasizing his eagerness to work with Boeing’s team.

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Aviation

Aeroflot Buys Used Planes for Spare Parts Amid Sanctions

In the face of ongoing Western sanctions that have severely impacted Russia’s aviation industry, Aeroflot, the country’s largest airline, has devised a strategic plan to bolster its fleet’s spare parts inventory.

The airline is set to acquire five Boeing 737-800BCF freighters from Atran Airlines, a move that will allow it to dismantle the aircraft for critical components. The planes, which will be transferred to Aeroflot’s low-cost subsidiary Pobeda, will not be converted into passenger jets but instead will be stripped for valuable parts to support existing operations.

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Aeroflot’s plan to purchase these Boeing 737-800BCF freighters comes as part of a broader strategy to mitigate the effects of Western sanctions, which have crippled the Russian aviation sector. With the sanctions restricting access to essential aircraft parts and spare components, Aeroflot is exploring alternative ways to maintain and repair its fleet.

Instead of converting the freighters from cargo to passenger planes, a process deemed “unreasonably expensive” under current sanctions, the airline intends to focus on extracting high-value components such as engines, landing gear, avionics, and other essential systems.

The deal will be structured in a way that allows Aeroflot to indirectly purchase the freighters through an insurance settlement with the aircraft’s lessor, AerCap.

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The Russian government’s insurance company will reimburse the aircraft’s value, and the planes will then be leased back to local operators. This method circumvents some of the restrictions imposed by international sanctions while ensuring that the airline gains access to the necessary components to support its fleet.

By dismantling the aircraft for spare parts, Aeroflot aims to secure critical resources for the ongoing maintenance of its existing fleet. Components from the Boeing 737-800BCF freighters, such as engines and avionics, are expected to be reused in other aircraft within Aeroflot’s network, ensuring that the airline can keep its operations running smoothly