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Boeing 4Q profit rises on strong demand for planes; deliveries to rise 10 per cent this year

Boeing's fourth-quarter profit rose 26 per cent as it delivered more commercial airplanes — a speedup that it says will continue this year. However, Boeing shares dropped in premarket trading Wednesday after it said 2014 revenue and profit would be lower than analysts have been expecting. Boeing finished 2013 with a fourth-quarter profit of $1.23 billion, or $1.61 per share, well ahead of the expectation of analysts surveyed by FactSet. Profits grew in both its commercial airplane and defence businesses. Revenue rose 7 per cent to $23.79 billion.

GECAS may order 40 Boeing 737s worth $4 billion: sources

DUBLIN (Reuters) - GECAS, the world's largest aircraft leasing company, is close to placing an order for around 40 Boeing <BA.N> medium-haul jets, industry sources said on Monday. The order may include a mixture of revamped Boeing 737 MAX aircraft, designed to save fuel with the introduction of new engines from 2017, and Boeing's best-selling current model, the 737-800. Such an order would be worth some $4 billion at list prices if split evenly between the two models.

Airbus beats Boeing with record sales in 2013

European aircraft maker Airbus beat US rival Boeing with record sales and orders last year but came second in terms of finished airliners delivered, figures from the company showed on Monday. Airbus said that in 2013 it took 1,503 net orders, allowing for cancellations. This compares with 1,355 orders taken by Boeing. Total orders taken by Airbus is a record for the whole industry.

Boeing machinists allege unfair labor practices, seek revote

By Alwyn Scott and Bill Rigby NEW YORK/SEATTLE (Reuters) - Angry Boeing machinists have filed eight unfair labor practice charges with the National Labor Relations Board alleging their union's top leaders manipulated a recent contract vote, and demanding that ballots be recast. The NLRB has launched an investigation into the charges, filed by individual members against the International Association of Machinists and Aerospace Workers, said Anne Pomerantz, an attorney with the NLRB regional office in Seattle.

Flydubai confirms order of 86 Boeing jets

Boeing and flydubai announced Monday a firm order for 75 Boeing 737 MAX 8s and 11 Next-Generation 737-800s, the US company's largest single-aisle airplane order in the Middle East. The order is valued at $8.8 billion at list prices, the companies said in a statement. Aircraft orders are often negotiated at a discount. In addition, flydubai, the low-cost airline set up in 2008 by the government of Dubai, has an option to buy 25 additional 737 MAXs.

Flydubai confirms order of 86 Boeing jets

Boeing and flydubai announced Monday a firm order for 75 Boeing 737 MAX 8s and 11 Next-Generation 737-800s, the US company's largest single-aisle airplane order in the Middle East. The order is valued at $8.8 billion at list prices, the companies said in a statement. Aircraft orders are often negotiated at a discount. In addition, flydubai, the low-cost airline set up in 2008 by the government of Dubai, has an option to buy 25 additional 737 MAXs.

Boeing beat 787 goal with 65 deliveries last year; total of 648 puts it ahead of Airbus

CHICAGO - Boeing delivered 65 of its 787s last year, even though deliveries were halted for a four months because of battery problems. Boeing was able to step up the pace once deliveries resumed in May, and it handed over 25 of the jets during the final quarter of last year. Boeing said Monday it delivered a total of 648 planes in 2013, a new record. That appears to put the Chicago company ahead of European competitor Airbus, which has said it expected to deliver about 600 jets for the year.

New Boeing contract secures coveted plane, but deals blow to local labour influence

SEATTLE - A new labour contract that was approved in a close vote by Boeing machinists secures a major airplane contract for the Seattle area, but it also moves workers away from pensions. National union leaders, the state's governor and the company all hailed Friday contract approval — which defied local union bosses — as a vital boost to the region's economy. The tight count exposed deep rifts in the once-powerful union, but with plenty of states lining up to give Boeing exactly what it wanted to get work on the 777X, the aerospace giant had a tremendous advantage.

Union approves Boeing contract, 777X planes stay in Washington

A key Boeing labor union narrowly approved late Friday an eight-year contract that keeps production of the new 777X jet airliner in Washington state in exchange for cuts in benefits. As a result, Boeing will stop seeking alternate sites for production of a more fuel-efficient version of its best-selling widebody jet. The Machinists Union District Lodge 751 said in a statement that members approved the controversial contract by 51 percent.

Machinists union chief says Boeing's latest offer is a $1 billion improvement

SEATTLE - The international president of the Machinists union has told members that Boeing's revised contract offer is an improvement of more than $1 billion. In a letter to union members that was dated Thursday, Tom Buffenbarger said the offer that workers will consider next week is a significant improvement over a contract the union rejected last month. Buffenbarger has scheduled the Jan. 3 vote despite the objections of local union leaders who say the latest contract offer is too similar to the last one.
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