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Boeing has increased B737 manufacturing to 31 per month: Q2 report

Boeing has begun to achieve critical milestones, such as generating positive operational cash flow this quarter and being on schedule to produce positive free cash flow in 2022. #boeing #Q2results

Boeing has increased B737 manufacturing to 31 per month: Q2 report
  • Operating cash flow of $0.1 billion; continue to expect positive free cash flow for 2022
  • Increased 737 production to 31 per month; working with FAA on final actions to resume 787 deliveries
  • Successfully completed CST-100 Starliner uncrewed Orbital Flight Test-2 (OFT-2)
  • Revenue of $16.7 billion; GAAP earnings per share of $0.32 and core (non-GAAP)* loss per share of ($0.37)
  • Total backlog of $372 billion; including over 4,200 commercial airplanes

Boeing has made its second quarter results official. It has been demonstrated that improvements have certain positive aspects. Going forward, it is anticipated that as the Boeing 787 max returns to service, cash flow will improve and output will gradually rise as well. On the other hand, the Boeing 737 Max production pace increased to 31 aeroplanes each month. Certainly assisting businesses in concentrating on the new projects once the deliveries of all aircraft ramp up.

Boeing has nearly completed the global safe return to service of the 737 MAX and the fleet has flown more than 1.5 million total flight hours since late 2020. The 737 production rate increased to 31 airplanes per month during the quarter.

On the 787 program, the company continues to work with the FAA to finalize actions to resume deliveries and is readying airplanes for delivery. The program is producing at a very low rate and will continue to do so until deliveries resume, with an expected gradual return to five per month over time. The company still anticipates 787 abnormal costs of approximately $2 billion, with most being incurred by the end of 2023, including $283 million recorded in the quarter.

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Boeing orders at Farnborough airshow is here 

“We made important progress across key programs in the second quarter and are building momentum in our turnaround,” said Dave Calhoun, Boeing President and Chief Executive Officer. “As we begin to hit key milestones, we were able to generate positive operating cash flow this quarter and remain on track to achieve positive free cash flow for 2022. While we are making meaningful progress, we have more work ahead. We will stay focused on safety, quality and transparency, as we drive stability, improve performance, and continue to invest in our future

Commercial Airplanes secured orders for 169 737 MAX airplanes and 13 freighters, including seven 777-8 Freighters from Lufthansa Group. Commercial Airplanes delivered 121 airplanes during the quarter and backlog included over 4,200 airplanes valued at $297 billion.

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Global Services second-quarter revenue increased to $4.3 billion and second-quarter operating margin increased to 16.9 percent primarily driven by higher commercial services volume and favorable mix.

During the quarter, Global Services received a contract for airlift flight dispatch services from the U.S. Air Force and was awarded a contract for avionics upgrades and cybersecurity support for the U.S. Navy. Global Services also delivered the first A-10 wing set to the U.S. Air Force.

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He is an aviation journalist and the founder of Jetline Marvel. Dawal gained a comprehensive understanding of the commercial aviation industry.  He has worked in a range of roles for more than 9 years in the aviation and aerospace industry. He has written more than 1700 articles in the aerospace industry. When he was 19 years old, he received a national award for his general innovations and holds the patent. He completed two postgraduate degrees simultaneously, one in Aerospace and the other in Management. Additionally, he authored nearly six textbooks on aviation and aerospace tailored for students in various educational institutions. jetlinem4(at)gmail.com

Aerospace

China Secures Production Certificate for Mass Production of Pilotless eVTOL Aircraft

China Secures Production Certificate for Mass Production of Pilotless eVTOL Aircraft
EHang

The first passenger-carrying pilotless electric vertical takeoff and landing (eVTOL) aircraft in the world, the EH216-S, has received the Production Certificate for its eVTOL aircraft from the Civil Aviation Administration of China (CAAC).

This is a significant milestone for EHang Holdings Limited, the leading UAM technology platform company in the world. This outstanding accomplishment is another big step towards mass manufacturing for the eVTOL aircraft and the ensuing commercial operations, building on the ground-breaking acquisition of the Type Certificate and the Standard Airworthiness Certificate for the EH216-S.

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The PC is a crucial certificate that the aircraft maker receives from the CAAC, the country’s aviation authority. By obtaining this certificate, EHang has demonstrated that it has set up a quality management system for mass production that satisfies the airworthiness regulation standards set forth by the CAAC, and the company has been given permission to continue producing mass quantities.

It is also a strong guarantee of the calibre of the goods made by EHang. Raw materials, supplier management, manufacturing organisation, production quality control, aircraft pre-delivery test, after-sales repair and maintenance, etc. are all included in the mass production quality management system for the EH216-S.

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To ensure that every aircraft and its components that roll off the production line strictly adhere to the approved type design and safety requirements, the system sets clear guidelines and documentation for every step in the production procedure. This ensures comprehensive traceability and safety control.

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Aerospace

Four Airbus A380 Superjumbos lined up to be scrapped

EASA Proposes AD for Airbus A380 Wing Rib Foot Cracks

In a strategic move aimed at reclaiming valuable resources from the iconic Airbus A380 aircraft, VAS Aero Services and Dr. Peters Group have announced a significant collaboration.

This partnership marks a milestone in aviation logistics and aftermarket services, with four of these colossal planes slated for teardown and redistribution of used serviceable material (USM).

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The venture between VAS Aero Services, renowned for its expertise in aircraft dismantlement, and Dr. Peters Group, a prominent Germany-based investment fund management firm, underscores a commitment to sustainable aviation practices. This isn’t their first foray into scrapping A380s; their successful partnership has already seen the dismantlement of these aircraft, making them pioneers in this niche.

Under the agreement, the latest consignment brings the tally to eight A380s entrusted to VAS by Dr. Peters Group. Managing Director Christian Mailly of Dr. Peters Group emphasized the trust placed in VAS, citing their unparalleled capabilities in dismantlement and aftermarket sales network. It’s a strategic move in response to the growing demand for quality USM parts, particularly with the resurgence in reliance on the A380.

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Notably, the teardown process will be carried out at various locations, optimizing the positioning of harvested parts to cater to different markets. While some parts will be positioned in Europe to support operators in the region and the Middle East, others will remain in the Asia-Pacific region. This meticulous strategy ensures efficient access to spare parts, benefiting MROs and airlines across these markets.

The decision to retire these A380s comes at a time when operators are reassessing fleet strategies amidst evolving market dynamics. Despite initial plans for quick retirement due to the emergence of more fuel-efficient alternatives, factors such as a rebound in long-haul demand and delays in new widebody deliveries have prompted operators to reconsider. The A380, with its unique capacity and capabilities, presents a practical solution for short-term capacity management.

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Aerospace

Rolls-Royce Launches Test Flights for Revolutionary Pearl 10X Engine

Rolls-Royce Launches Test Flights for Revolutionary Pearl 10X Engine
Rollsroyce

Rolls-Royce reports that the company’s dedicated Boeing 747 flying testbed has seen the successful start of the Pearl 10X, their newest aero engine designed for the business aviation industry.

Dassault, a French aircraft manufacturer, has decided to use this engine only to power their newest flagship, the Falcon 10X. As stated at last year’s Capital Markets Day, the commencement of flight testing represents a significant milestone for both Rolls-Royce and the Pearl 10X programme as the company concentrates on expanding in the business aviation industry.

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The first Rolls-Royce engine to power a Dassault business jet is the Pearl 10X, the newest engine in the state-of-the-art Pearl engine family. The Pearl 10X was chosen by the French aircraft manufacturer as their new flagship model, demonstrating even more of Rolls-Royce’s dominance in the business aviation engine market.

Over the next few months, pilots and flight test engineers from Tucson, Arizona, USA, will put the engine through its paces. The flight test programme will comprise testing of the nacelle’s anti-icing system, in-flight relights, engine performance and handling checks at various speeds and altitudes, and fan vibration tests at various altitudes.

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The new auxiliary gearbox, which enables higher additional power extraction, and the ultra-low emissions ALM combustor, which is compatible with 100% Sustainable Aviation Fuel (SAF), have undergone extensive testing as part of the ground-based development programme thus far. The engine will be the most potent business aviation engine in the Rolls-Royce lineup. It exceeded its intended thrust levels during the very first test run. With over 2,300 testing hours successfully completed on the Pearl 10X engine configuration as well as the Advance 2 demonstration, the programme is moving forward at a rapid pace.

With the most economical engine core available for business aircraft, the Advance2 engine, coupled with a high-performance low-pressure system, gives the Pearl 10X an exceptional thrust of over 18,000 lbf. With a 5% increase in economy over the previous generation of Rolls-Royce commercial aviation engines, the Pearl 10X

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