Air Tanzania becomes first African-based A220 operator

Air Tanzania’s first A220

Air Tanzania has become the first African carrier to take delivery of the Airbus A220 aircraft, the newest addition to the Airbus family of commercial aircraft. Air Tanzania (The Wings of the Kilimanjaro) also becomes the latest member of Airbus aircraft operators.

Representatives from the airline – as well as officials from the United Republic of Tanzania government, alongside executives from the A220 programme – celebrated the aircraft’s handover at the A220 Mirabel assembly line.

“The A220’s unrivalled passenger comfort, combined with its remarkable performance and economics, will be an excellent asset to further develop Air Tanzania’s network,” said Tito Kasambala, Acting CEO, Tanzanian Government Flight Agency (TGFA).

The A220 will allow Air Tanzania to further develop its domestic and regional market as well as open new routes to India and the Middle East from its home base at Dar es Salaam.

“With the addition of the A220 in our fleet, we are confident that we will expand our footprint in the growing African markets and beyond, as we unlock additional routes and regain our position as a key player in the African air transport market,” added Ladislaus Matindi, Managing Director & CEO, Air Tanzania Company Limited.

Air Tanzania becomes the fifth airline globally with an A220 family aircraft.

“After Europe, Asia and America, we are proud to see the A220 fly now also on the African continent and in Air Tanzania’s livery. With over 240 Airbus aircraft flying in Africa and a large network of flight service offices in the region, we are ready to contribute to the airline’s success,” said Philippe Balducchi, CEO of the A220 partnership.

The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and true widebody comfort in a single-aisle aircraft. The A220 brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines to offer at least 20 percent lower fuel burn per seat compared to previous generation aircraft. With a range of up to 3,200 nm (5020 km), the A220 offers the performance of larger single aisle aircraft.

With an order book of over 400 aircraft to date, the A220 has all the credentials to win the lion’s share of the 100- to 150-seat aircraft market, estimated to represent at least 7,000 aircraft over the next 20 years.

@AirTanzania @Airbus #A220 #FlyAirTanzania

 

Source : Airbus Website

#TerçaDetremuraSDV Boeing Board Raises Dividend 20 Percent, Increases Share Repurchase Authorization to $20 Billion

CHICAGODec. 17, 2018 /PRNewswire/ — The Boeing Company (NYSE: BA) Board of Directors today declared the company’s quarterly dividend will increase 20 percent to $2.055 per share. The board also replaced the existing share repurchase program with a new $20 billion authorization, up from the $18 billion approved last December.

“Boeing continues to see significant opportunities in the markets we serve, and we have confidence in the power of our One Boeing strategy to execute and win on all fronts,” said Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg. “Boeing’s strong operational performance, financial health and positive future outlook underpin our continued investments in our people and our workplace, in innovative products and services, and in select strategic acquisitions and partnerships that accelerate our growth strategy.”

Boeing remains focused and on track with its balanced, value-creating cash deployment strategy.

“The strength of our business and our confidence in the sustainable long-term outlook are powering investments in productivity, innovation and growth, while delivering on our commitment to return cash to shareholders,” said Greg Smith, Boeing chief financial officer and executive vice president of Enterprise Performance & Strategy.

With the latest increase to the dividend Boeing has increased its dividend nearly 325 percent over the past six years and repurchased more than 230 million shares over the same time period. The company has consistently paid dividends to shareholders for more than 80 years. The new dividend will be payable March 1, 2019, to shareholders of record as of Feb. 8, 2019.

This year, the company repurchased $9 billion worth of its shares from the $18 billion authorization approved in December 2017.

Share repurchase activity has finished for 2018. The timing and volume of repurchases are at the discretion of Boeing management, however the company currently expects that repurchases under the new share authorization will resume in January 2019 and be made over the next 24 months.

Forward-Looking Information Is Subject to Risk and Uncertainty 
Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “forecasts,” “projects,” “plans,” “believes,” “estimates,” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, business prospects, financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual events to differ materially from these forward-looking statements, including economic conditions in the United States and globally, general industry conditions as they may impact us or our customers, and other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission.

Forward-looking statements speak only as of the date they are made and we undertake no obligation to update or revise any such statement, except as required by law.

Contact:

Investor Relations:  (312) 544-2140
Communications:    (312) 544-2002

SOURCE: Boeing Website

Boeing Delivers the 787th 787 Dreamliner

Resultado de imagem para 787th 787 Dreamliner

AerCap, world’s largest airplane lessor, adds to its growing 787 portfolio
Special milestone airplane to be operated by China Southern Airlines

EVERETT, Wash., Dec. 13, 2018 /PRNewswire/ — Boeing [NYSE:BA] today delivered the 787th 787 Dreamliner to come off the production line, marking a special milestone for the super-efficient airplane family and the fastest-selling twin-aisle jet in history.

Since its first delivery in September, 2011, the 787 family has flown nearly 300 million passengers on more than 1.5 million flights around the world, including more than 210 new nonstop routes made possible by the airplane’s superior fuel efficiency and range.

“Reaching this milestone delivery is a testament to our amazing Boeing team who build the world’s most capable and reliable airplanes,” said Kevin McAllister, president & chief executive officer for Boeing Commercial Airplanes. “This delivery also reflects the special capabilities of the 787 Dreamliner. The growing fleet continues to deliver unmatched efficiency, open new routes, and provide an exceptional passenger experience.”

The airplane was delivered to AerCap, the world’s largest lessor and 787 customer. Sporting a special logo commemorating the production milestone, the airplane will be leased and operated by China Southern, which continues to expand its long-haul fleet of 787 Dreamliners, including 10 787-8s and eight 787-9s.

“As one of the 787 launch customers and the first Chinese airline to operate the 787, we are honored to celebrate this important milestone with China Southern Airlines,” said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company. “We also thank AerCap for their large commitment to the Dreamliner. They continue to be a valued partner and we look forward to celebrating many more milestones with them in the coming years.”

China Southern Airlines first ordered 10 787-8 Dreamliners in 2005 and further increased its capability on long-haul routes when they placed an order for 787-9s in 2016.

The 787s have enabled the airline to launch a number of non-stop global routes, connecting Guangzhou to London and Rome in EuropeVancouver, British Columbia, in North America; and PerthAuckland, and Christchurch in the Oceania region.

About China Southern Airlines

As China’s largest airline by fleet size, China Southern Airlines currently operates more than 800 aircraft, including Boeing 787, 777, 747 and 737s. The carrier operates more than 3,000 daily flights to 224 destinations in 40 countries and regions across the world.

About AerCap

AerCap is the global leader in aircraft leasing with, as of September 30, 2018, 1,457 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in ShannonLos AngelesSingaporeAmsterdamShanghaiAbu DhabiSeattle and Toulouse.

Contact  
Yukui Wang
Boeing China Communications
Office: +86 10 5925505
yukui.wang@boeing.com

SOURCE: Boeing Website

Boeing Delivers First Airplane From New 737 Completion and Delivery Center in Zhoushan, China

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First delivery, to Air China, reflects growing importance of Chinese aviation market
New facility to support full 737 MAX family, from long-range MAX 7 to high-capacity MAX 10
Adds capacity and aerospace jobs in the United States

ZHOUSHAN, ChinaDec. 15, 2018 /PRNewswire/ — Boeing and joint venture partner Commercial Aircraft Corporation of China, Ltd (COMAC) today celebrated the delivery of the first airplane from the new 737 Completion and Delivery Center in Zhoushan, China. Air China received the first plane, marking a new era in Boeing’s partnership with the Chinese aviation industry.

Delivery of the first MAX 8, assembled in Renton, Wash. and completed in China, comes 20 months after construction began at the 100-acre site. The 737 Completion and Delivery Center is the first such Boeing facility outside of the United States. The facility has been built in partnership with the Zhejiang Provincial and Zhoushan Municipal Governments and will become fully operational in phases as capacity is expanded over time.

“This moment signifies our growing partnership with China that stretches back over nearly half a century,” said Boeing Commercial Airplanes President and CEO Kevin McAllister. “We’re proud of our long relationship with the Chinese government, airlines and industry partners and the trust they place in Boeing.”

Boeing 737 MAXs for Chinese airlines will be flown from Seattle to Zhoushan, where the joint Boeing-COMAC Completion Center will complete interior work on the airplanes. The statement of work will gradually expand to include painting with the addition of three paint hangers.  Once completed, airplanes will move to the adjacent Boeing-operated delivery center for customer acceptance activities and delivery formalities.

“Congratulations to Boeing for delivering the first 737 MAX from Zhoushan,” said Zhao Yuerang, president of COMAC. “This is a significant milestone of Boeing’s efforts to deepen its footprint in China, as well as to support the growth of China’s airline industry, opening an era of the collaboration between the two airplane manufacturers of us.”

The facility, which covers 666,000 sq ft in total, is designed to support the entire 737 MAX family of airplanes, from the long-range MAX 7 to the high-capacity MAX 10.  With about one third of all 737 deliveries going to Chinese customers, the Zhoushan facility will enable Chinese airline customers to update and expand their fleets with the most technologically-advanced Boeing single-aisle airplanes available. In addition, the business and the partnerships Boeing is developing in Chinaare integral to adding capacity and aerospace jobs in the U.S

China is on course to become the largest commercial aviation market in the world.  Boeing’s latest Commercial Market Outlook forecasts that China will need 7,680 new airplanes worth $1.2 trillion USD over the next 20 year and another $1.5 trillion USD in commercial services to support the country’s growing fleet of airplanes.

Contact:
Yukui Wang
Boeing China Communications
+86 10 5925 5505
yukui.wang@boeing.com

 

SOURCE: Boeing Website

Embraer and Boeing Approved the Terms of Strategic Aerospace Partnership, Seek Brazilian Government Approval

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SAO PAULO and CHICAGODec. 17, 2018 /PRNewswire/ — Embraer [B3: EMBR3, NYSE: ERJ] and Boeing [NYSE: BA] have approved to the terms of a strategic partnership that would position both companies to accelerate growth in global aerospace markets.

The approved terms define the joint venture comprising the commercial aircraft and services operations of Embraer, in which Boeing will hold an 80 percent ownership stake and Embraer will hold the remaining 20 percent. The transaction remains subject to approval by the Government of Brazil, after which Embraer and Boeing intend to execute definitive transaction documents. The closing of the transaction will then be subject to shareholder and regulatory approvals and customary closing conditions.

Under the terms of the proposed partnership, Boeing will acquire an 80 percent ownership stake in the joint venture for $4.2 billion. The partnership is expected to be neutral to Boeing’s earnings per share in 2020 and accretive thereafter. Estimated annual pre-tax cost synergies of approximately $150 million are anticipated by the third year of operations.

Once the transaction has closed, the commercial aviation joint venture will be led by Brazil-based management, including a president and chief executive officer. Boeing will have operational and management control of the new company, which will report directly to Dennis Muilenburg, Boeing chairman, president and chief executive officer. Embraer will retain consent rights for certain strategic decisions, such as transfer of operations from Brazil.

“Boeing and Embraer know each other well through more than two decades of collaboration, and the respect we have for each other and the value we see in this partnership has only increased since we announced our joint efforts earlier this year,” said Dennis Muilenburg, Boeing chairman, president and chief executive officer.

“We are confident that this partnership will deliver great value to Brazil and the Brazilian aerospace industry as a whole. This alliance will strengthen both companies in the global market and is aligned with our long-term sustainable growth strategy,” said Paulo Cesar de Souza e Silva, Embraer president and chief executive officer.

The companies have also agreed to the terms of another joint venture to promote and develop new markets for the multi-mission medium airlift KC-390. Under the terms of this proposed partnership, Embraer will own a 51 percent stake in the joint venture, with Boeing owning the remaining 49 percent.

The transaction is subject to approval by the Government of Brazil, ratification by the Embraer Board of Directors and its further authorization to execute the definitive transaction documents. Once the parties have executed the definitive transaction agreements, the strategic partnership will then be subject to shareholder and regulatory approvals, as well as other customary closing conditions. Assuming the approvals are received in a timely manner, the transaction is intended to close by the end of 2019.

Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed terms of the transaction, the ability of the parties to satisfy the conditions to executing or closing the transaction and the timing thereof, and the benefits and synergies of the proposed transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and neither party undertakes an obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to reach final agreement on a transaction, consummate such a transaction and realize anticipated synergies, and other important factors disclosed previously and from time to time in the filings of The Boeing Company and/or Embraer with the Securities and Exchange Commission.

Media Contacts:

Chaz Bickers
Boeing Communications
charles.n.bickers@boeing.com
312-544-2002

Valtecio Alencar
Global Corporate Communications
Embraer
Valtecio.alencar@embraer.com.br
11-3040-6891

 

SOURCE :Boeing Website