Inspiring Africa's Sustainable Business Growth
TANZANIA – Boeing and the government of Tanzania have announced an order for a 787-8 Dreamliner, a 767-300 freighter, and two 737 MAX jets at the 2021 Dubai Airshow to boost the national carrier’s capability in Africa and abroad. The airplanes will be operated by Air Tanzania, the national flag carrier of Tanzania, to expand service from the country to…
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ETHIOPIA – Ethiopian Airlines Group and the Boeing Company have signed a strategic Memorandum of Understanding (MoU) on positioning Ethiopia as an aviation hub for Africa. Building on the two parties’ seventy years of shared history in aviation, the MoU aims at positioning Ethiopia as Africa’s aviation hub – “Ethiopia for Africa”. Boeing has recognized Ethiopian as a global aviation…
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KENYA – National carrier Kenya Airways (KQ), freight division KQ Cargo, has announced the resumption of its cargo services to New Delhi. The first cargo flight to resume from New Delhi landed at Jomo Kenyatta International Airport (JKIA) in Nairobi, on 21st February 2021, carrying pharmaceuticals, machinery, and general merchandise from New Delhi. The weekly service will also serve to…
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WORLD – DHL Express has placed an order for an additional eight new B777 freighters, an in investment that marks a further step in DHL Express’ expansion of its intercontinental air network to meet customer demand in fast growing international express shipping markets. First deliveries are scheduled for 2022. “Although the current health crisis has pushed pause on several areas…
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FRANCE– Airbus has teamed up with the Quebec government to buy Bombardier’s 33.5% stake in the A220 passenger jet program. The deal completes Bombardier’s exit from civil aviation and boosting Airbus’s position in a new battleground with Boeing. Montreal-based Bombardier first ceded control of the A220 program to Airbus in 2018 for a token as part of broader efforts to…
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UNITED STATES – Boeing Co, an Icon of American manufacturing has reported its first annual loss since 1997 as 737 MAX costs doubled to nearly $19 billion. Boeing’s core operating loss was $2.53 billion, or $2.33 per share, compared with a profit of $3.87 billion, or $5.48 per share, a year earlier. Boeing also reported negative free cash flow of…
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BRAZIL – Boeing and Embraer have secured unconditional approval from the Administrative Council for Economic Defense’s (CADE) General-Superintendence (SG) in Brazil for their strategic partnership. Under this partnership, the two companies have planned to embark on two joint ventures, namely Boeing Embraer-Defense and Boeing Brasil-Commercial. The Boeing Embraer-Defense joint venture will focus on developing new markets for the C-390 Millennium…
Read MoreUNITED STATES – Leading aerospace manufacturer, Boeing Co has said it would suspend production of its best-selling 737 MAX jetliner in January 2020. The move to stop production, is the company’s biggest assembly-line halt in more than 20 years, as fallout from two fatal crashes of the now-grounded aircraft drags into 2020. A spokesman said that the aerospace giant would…
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USA – America’s Aircraft Manufacturer Boeing Co has in October this year, restructured its board, stripping chief executive Dennis Muilenburg of his chairmanship title. The moves by the U.S plane maker comes as an unexpected strategy shift announced only hours after a global aviation panel criticized development of the troubled 737 MAX and is the latest step the board has…
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AUSTRIA – Austria based plane parts maker FACC’s operating profit fell 6% in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets currently being phased out. Chinese-owned FACC which makes components for wings, tail assemblies and fuselages as well as engines and cabin interiors for all major plane makers also attributed its depressed…
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