Boeing Archives - Page 2 of 2

Boeing to develop credit facility for Nigerian airlines to facilitate operating leases

Posted on October 29, 2024October 29, 2024 by Wole Shadare

To partner Banks in Nigeria, Africa Trade Investment insurance, Invites Minister, operators, others to Dublin for summit Aircraft giant, Boeing said it has been working with several banks in Nigeria and Africa Trade Investment Development Insurance (ATIDI) to develop a Credit Enhancement product specifically for Nigeria to facilitate operating leases by providing an additional layer of security to global lessors who may have shown interest in the region. The American company is equally coordinating…

Minister, Boeing sign aircraft acquisition agreement for Nigerian carriers

Posted on August 29, 2024August 29, 2024 by Wole Shadare

Aircraft giant to offer technical support, training for operators To advance Nigeria’s aviation sector, the Minister of Aviation and Aerospace Development, Festus Keyamo, signed a strategic Memorandum of Understanding (MoU) with Boeing, one of the world’s leading aircraft manufacturers. The signing ceremony took place yesterday in Seattle, Washington, USA, in the presence of key Nigerian aviation stakeholders, including executives from major Nigerian airlines, top management team of the Nigerian Civil Aviation Authority and…

Boeing burns through cash, rushes to fix quality control issues

Posted on April 25, 2024 by Wole Shadare

Boeing burned through billions of dollars of cash last quarter as it languished under intense scrutiny from U.S. regulators and moved to soothe concerns over quality issues. Arlington, Virginia-based Boeing burned through $3.93 billion over the first three months of 2024, far more than the $786 million it recorded during the same time last year, according to a Wednesday regulatory filing. The aerospace giant ended the quarter with $7.5 billion in cash and investments in short-term securities,…

Boeing’s unending crises may force shift to other aircraft types by airlines

Posted on April 10, 2024April 10, 2024 by Wole Shadare

This is not the best of times for aircraft giant, Boeing as the company is faced with many problems that threaten its existence. The latest problem results from whistleblower claims that its B787 Dreamliner planes have structural failings that could eventually cause them to break apart, adding to the unprecedented crisis facing the aviation giant. But the new allegations come at a bruising time for the Virginia-based company, two weeks after CEO Dave Calhoun and other…

Ethiopian Airlines Agrees to Landmark Order for 67 Boeing Jets

Posted on November 14, 2023November 14, 2023 by Wole Shadare

Ethiopian Airlines, the largest and leading aviation group in Africa, and its longstanding partner Boeing on Tuesday announced the carrier has agreed to order 11 787 Dreamliner and 20 737 MAX airplanes with an opportunity for 15 and 21 additional jets, respectively. The agreement, signed by Ethiopia’s national carrier at the Dubai Airshow, represents the largest-ever purchase of Boeing airplanes in African history. “We are pleased to announce that Ethiopian Airlines has reached a deal…

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