Leeham News and Analysis
There's more to real news than a news release.
Change in Boeing production?
The economic times may cause Boeing to alter production, a top executive said. Bloomberg News reports that Randy Tinseth, VP-marketing, hinted at this. The aerospace analyst at Goldman Sachs last week issued a report predicting fewer deliveries in… Read More
Week 6: IAM-Boeing strike
October 17: MarketWatch: Boeing is expected to finally reveal the damage caused by the IAM strike during its earnings call October 22. This is a matter of much speculation: some analysts figured Boeing was losing between $100m-$110m a… Read More
Week 5, Boeing-IAM strike
Update, October 8: Breaking News, 6:30 PM PDT, Seattle Times: Dominic Gates reports that Boeing and the IAM secretly met and are resuming talks. The story can be found here. The Seattle Post-Intelligencer has a catch-up piece here…. Read More
USAF loses yet another tanker award
Update, October 6: Mobile Press-Register: The Mobile paper has a long interview with Northrop Grumman’s CEO on the KC-X tanker debacle. Original Post: The USAF has been overturned on yet another contract award concerning aerial tankers. A federal… Read More
Failed bail-out bad news for aviation
The collapse of the $700 billion bailout of the US financial system is bad news for aviation. The capital markets were already driving up pricing on debt and driving out many lending institutions from the aviation market. Airbus… Read More
Week 4: IAM-Boeing strike
Update, October 2: Here’s a new twist. An Australian newspaper reports that Virgin Blue may seek damages from Boeing and the IAM over the strike-induced delays of the 777s the airline wants. We think Boeing’s customer contracts preclude… Read More
Politics continue on the tanker
(Special projects precluded us from updating last week, so some of the links below backtrack into then.) Politics continue to plague the tanker program even though the Bush Administration has punted the decision to the next presidency. Today… Read More
Week 3, IAM-Boeing strike
Boeing and the IAM entered the third week of the strike last Saturday and there is no sign of any progress. As of last week, the two sides weren’t even talking about talking. Update, September 24: Seattle Post-Intelligencer:… Read More
Boeing stock down in ILFC issues
As any aviation advocate knows, the future of International Lease Finance Corp. is uncertain due to the problems at its parent, AIG. The US government has bailed out AIG for $85 billion (which would fund the acquisition of… Read More