Dennis Muilenburg said Boeing is following the lead of the U.S. government when it comes to furthering the $25 billion deal for passenger aircraft with Iran Air.
“We are staying completely within the U.S. government-approved process on this deal,” he said on the sidelines of a 100th anniversary celebration for Boeing employees Friday afternoon.
By close of the show Tuesday, announced orders and commitments for airliners totaled 478 firm sales, plus a total of 38 options, letters of intent and memoranda of understanding.
Air Asia 100 A321neos, list value US$12.44 billion.
Air Lease Corporation Six B737 MAX 8s, list value US$660 million.
Air Côte d’Ivoire One A320neo valued at US$107.3 million.
Arkia Israeli Airlines Four A330-900neos valued at US$1.15 billion, plus LoI for six E195-E2s, plus four purchase rights, total value US$650 million.
AWAS 10 A320ceos, list value US$1.06 billion.
China Aircraft Leasing 60 ARJ21-700s, list price US$2.3 billion.
Donghai Airlines 25 737 MAX 800s valued at US$2.75 billion, plus five Dreamliners valued at US$1.323 billion.
Germania Group 25 A320neos, plus 15 options, total value US$2.7 billion.
GoAir 72 Airbus A320neos, list price US$7.65 billion.
Gulf Air 10 787-9 Dreamliners firm, plus six options, firm order list value US$2.646 billion.
Japan Airlines One E190-E1 valued at US$49.75 million.
Jetstar Pacific of Vietnam MoU for 10 A320ceos valued at US$980 million.
Kalstar Indonesia Five E190-E2s valued at US$275 million, plus rights for five more.
Kunming Airlines MoU for 10 737 MAX 7s, list value US$902 million.
Nordic Aviation Capital Four E190-E1s valued at US$199 million.
Porter Airlines Three Bombardier Q400s valued at US$93 million.
Rockton Aviation LoI for 10 MRJ90s valued at US$473 million.
Standard Chartered Bank 10 737-800 NGs for unnamed customer, value US$960 million.
TUI Group 10 737 MAX 8s, list value US$1.1 billion, plus one 787-900 Dreamliner, list value US$64.6 million.
Unnamed Chinese customer 30 737 MAXs and NGs.
Virgin Atlantic 12 A350-1000s, list value US$4.2 billion, plus four leased.
Volga-Dnepr 20 B747-8 Freighters, list value US$7.58 billion.
WOW Air Iceland Four Airbus A321s, list value US$455 million.
Xiamen Airlines MoU for 30 737 MAX 200s, list val
You accept right wing media sources as gospel. Iran will have nuclear weapons if republicans have their way.
That Boeing $25,000,000,000 is going to go somewhere. If the republicans have their way it will be going to Russia, China and possibly to finance world wide anti-American organizations and regimes.
Farnborough Update: China's Donghai Airlines said it will buy 25 737 MAX 8s and five 787-9 Dreamliners from Boeing in a deal valued at over $4 billion at list prices. Airlines, however, typically get discounts for large orders. The Chinese airline is shifting its focus to passenger services from cargo services and already has a fleet of Boeing 737s.
On the defense side, the U.K. finalized a $3.88 billion contract for nine new Boeing P-8A Poseidon anti-submarine aircraft. In January, the Royal Australian Air Force ordered four of the planes to replace its aging Lockheed AP-3C Orions. British officials also announced a deal for 50 Boeing Apache helicopters.
Donald Trump's friend and ally Vladimir Putin is sending Russian long-range S-300 air-defence missile systems to Iran, saying a ban imposed in 2010 was voluntary.
The Russian president said that his decision this week to lift the ban did not contradict international sanctions against Iran, which are still in place despite a framework agreement struck this month between Iran and six world powers over Iran’s nuclear program.
Putin said he made the move because Iran “has shown a great degree of flexibility and a desire to reach compromise”.
For Boeing, the coming week is really all about the 777. Production volumes for the aging 747 and 767 models are fairly low and thus not very meaningful to Boeing's long-term results. Meanwhile, the 787 backlog remains healthy at more than 700 units, roughly five years of production at the current rate.
By contrast, the 777 has been a huge cash cow for Boeing in recent years but has a dwindling backlog. At the end of June, Boeing had just 175 firm orders remaining for current-generation 777s. The company probably has at least a dozen open 777 delivery slots in 2017 and nearly 150 open slots in the 2018-2020 timeframe.
Boeing has said that it needs to sell 40-50 777s annually for the next few years to complete the "bridge" to the next-generation 777X, which is expected to enter into service in 2020. However, it only sold 38 current-generation 777s in 2015 and has just 8 net firm orders year to date.
Guy Hicks (Lobbyist)
Senior Vice President, Government Relations, Airbus Group, Inc.
EADS North America (Now Aibus Group Inc), EADS North America (Now Airbus Group, Inc), InterDigital Communications
It was also the day when the republicans moved to bomb Boeing by blocking a twenty-five billion dollar deal to sell commercial airliners. Many republicans also coincidentally employed by Airbus.
Republicans are trying to deliberately sabotage the US economy. They are whooping it up in Toulouse, France and In Moscow because they will gladly supply the commercial airliners and get the jobs and the cash.
Boeing is a huge company. It has meaning to the U.S. economy, it has meaning to labor and Boeing also has many lawyers and the funds to push stuff through,. Boeing says it will be scrupulous about following regulations, and a final agreement will have to be approved by the Treasury Department.
This is another petty and stupid GOP political ploy. It is like their 80 attempts to repeal ACA. They have no regard for the American people.
The measures to block the Boeing deal will face opposition from Democrats, Reuters reports.
Boeing confirmed in June that it had signed an agreement to sell jetliners to Iran Air, following months of talks about what would be one of the largest deals by a U.S. manufacturer since trade sanctions against Iran ended. Iran's transportation minister, Abbas Akhoundi, previously said the deal is worth as much as $25 billion.
The Financial Services subcommittee will consider three measures that could block the deal, Reuters reports. One would bar the U.S. Treasury from licensing the Boeing deal, which was announced last month. Another would ban the Treasury secretary from authorizing U.S. financial institutions from making transactions for the export of aircraft, and the third would prohibit the Export-Import Bank from financing entities that do business with Iran.
Republicans of the U.S. House of Representatives is set to debate Thursday legislation to block Boeing Co.'s agreement to sell jetliners to Iran.