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Boeing Q3 profit soars, raises 2013 forecast

US aerospace and defense giant Boeing said Wednesday third-quarter profit soared 12 percent from a year ago and raised its 2013 earnings outlook on a pick-up in commercial aircraft deliveries. Net earnings totaled $1.16 billion for the July-September quarter, compared with $1.03 billion in the same period in 2012, the Chicago-based company said in a statement. Earnings of $1.51 per share were 12 percent higher than the year-ago EPS of $1.35.

Boeing plans to speed up production of 787 to as many as 14 per month to get through backlog

Boeing says it will speed up production of its new 787 as it tries to catch up on a huge backlog of orders for the plane. The company has orders for 890 of those planes that it has yet to build. Boeing is already on its way toward building 10 787s every month by the end of this year. On Wednesday Boeing said it plans to go up to 12 per month in 2016, and it's aiming to get to 14 per month by the end of this decade.

Boeing cuts 747 jumbo production again

Boeing on Friday said it would cut production of its 747-8 jumbo aircraft for a second time this year, citing weaker demand for big aircraft. The Chicago-based aerospace giant said 747-8 production rate would be reduced from 1.75 airplanes per month to 1.5 airplanes per month "because of lower market demand for large passenger and freighter airplanes."

Boeing's larger 787-9 Dreamliner makes first flight

Boeing's 787-9 Dreamliner aircraft took to the skies Tuesday in a maiden test flight, a larger version of the company's original 787-8 jetliner. The 787-9 lifted off from Paine Field in Everett, Washington state at 11:02 am local time (1802 GMT). The test flight is expected to last between four and five hours. The plane is the second member of the Dreamliner family of mid-size, long-haul aircraft, designed to use 20 percent less fuel than other airplanes of their size.

Westjet to buy 65 Boeing jetliners

Canada's second-largest airline, Westjet, placed a tentative order on Thursday for 65 Boeing 737 aircraft, which it said it would firm up next month. The purchase is estimated to cost Can$6.3 billion. WestJet's current fleet consists of 103 Boeing Next-Generation 737, and four Bombardier Q400 NextGen aircraft. Including this pending order, WestJet's future Boeing 737 aircraft deliveries total 92, with commitments for the proposed Boeing 737 MAX 7 and MAX 8 aircraft, scheduled for delivery from 2017 through 2027.

Airbus complaint against Boeing ad dismissed

Boeing did not mislead readers of a trade magazine when touting the advantages of its 747-8 jumbo jet over rival Airbus' A380 model, Britain's Advertising Standards Agency (ASA) ruled Wednesday. European aircraft maker Airbus had called upon the regulator to investigate the advertisement placed in the magazine Flight International, as part of an ongoing trade war between the aviation giants.

Dreamliner fire probe urges Boeing disable beacons

British authorities recommended on Thursday that distress beacons onboard all Boeing Dreamliners be disabled, after identifying the devices as the likely cause of a fire on a 787 at London's Heathrow airport. The Air Accidents Investigation Branch (AAIB) said that detailed analysis of the Honeywell emergency location transmitter system on the new generation plane "has shown some indications of disruption to the battery cells".

Boeing stocks dive after 787 fire at Heathrow

Boeing stocks plunged nearly 5 percent on Friday after a fire and a "technical issue" on separate 787 Dreamliners in Britain stoked fresh safety concerns about the new high-tech jetliner. Dow member Boeing's shares closed 4.7 percent lower at $101.87 in New York, clawing back from a dive of more than 7 percent. Investor confidence was hammered after a Boeing 787 owned by Ethiopian Airlines caught fire while parked at London's Heathrow airport on Friday.

Boeing launches new Dreamliner with over 100 orders

Boeing launched a bigger version of its next-generation 787 Dreamliner at the Paris Air Show on Tuesday with more than 100 orders from airlines and leasing groups around the world. "Boeing today officially launches the 787-10," Boeing head Jim McNerney told reporters, with commitments to buy the new aircraft from United Airlines, Singapore Airlines, British Airways, and leasing firms ALC and GECAS.

Southwest first to order Boeing's smallest 737 MAX

Southwest Airlines on Wednesday became the first airline to order Boeing's new 737 MAX 7 airplane, the smallest model of the new fuel-efficient MAX family, the companies announced. The Dallas, Texas-based carrier changed its existing order for 30 Boeing Next-Generation 737s to 30 737 MAX 7s, they said in a statement. The first delivery is set for 2019. The 737 MAX is a re-engined version of the single-aisle 737, the best-selling plane in aviation history.
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