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    | Apr-04-2007 JAL orders five Boeing 787s; total orders top 500(topic overview)CONTENTS:
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' Boeing has sold more than 500 of its new fuel-efficient 787 passenger jets and is looking for ways to speed production rates, the Chicago-based company said Tuesday. "We've clearly captivated the world's airlines with this airplane," 787 program chief Mike Bair told hundreds of Boeing workers gathered for the announcement. [1] The Boeing 787 Dreamliner program has tallied more than 500 orders three months ahead of its rollout, a pace of orders unprecedented in any previous jet program. Standing this morning in the atrium of the main building at Everett, surrounded by 3,000 to 4,000 787 employees, Boeing's Mike Bair made the announcement with a vice president from Japan Airlines.[2] LONDON - The Boeing Company announced a new order from Japan Airlines Corp for five 787 Dreamliners, taking Boeings total orders for the plane to over 500. Boeing said the JAL order for five planes, in addition to several orders from unidentified customers, brings the 787s order total to 514 airplanes from 43 customers since its launch in April 2004, making it the fastest-selling commercial airplane in history.[3] Boeing employees applaud as the company announces the sale of its 500th 787 in Everett Tuesday morning. The Boeing 787 Dreamliner program has tallied more than 500 orders three months ahead of its rollout, a pace of orders unprecedented in any previous jet program.[2] Without a single jet yet built, Boeing's new 787 program has already reached an aviation milestone: the fastest commercial model to reach 500 orders.[4] If the 787 program is to surpass the order record held by the next-generation 737, however, Boeing must land an additional 224 firm orders before the first 787 is delivered to All Nippon Airways. Otherwise, after May 2008, Boeing will no longer be able to say that the 787 is the "fastest-selling" jetliner ever.[5] Boeing Co. has now collected 514 orders for the 787, from more than 40 customers. Some larger U.S. carriers have not yet placed firm orders, but Bair said he expects more domestic airlines to make purchase decisions in the next year.[6] Several unnamed customers have now been added to the total, taking the order tally to 514. Only two of those customers are U.S. airlines - Continental and Northwest. Most domestic carriers, wallowing in years of red ink in the wake of 9/11, are unable to put down money on the new fuel efficient jets and will have to wait a long time just to get them.[7] Some additional orders since then bring the current total to 514. "We have clearly captivated the world's airlines with this airplane," said Bair, head of the 787 program.[2] Inside the airplane, it has cleaner air, bigger windows, more stowage space and improved lighting. Commenting on completing the 500 order mark, Mike Bair, 787 vice president and general manager, said: "Surpassing the 500 order mark this early in the program - more than a year before the first airplane is delivered - shows that Boeing made the right choice in our point-to-point business strategy, and that the 787 team made the right choices in designing the airplane."[8] Bair also said Boeing is studying ways to increase production rates for the 787. He said a likely production speedup would only occur after the first 112 airplanes are produced in 2008-09. Bair would not disclose how many airplanes per month the company plans to produce at its Washington state plants once the assembly process hits its stride.[1] "In 2010, it will be the highest production rate ever for a widebody airplane," Bair told reporters after the gathering. The 787 appears on schedule to make its first flight in late August and enter commercial service in May, 2008.[4]  The 787 is piling up orders nearly 30% faster than that plane, a notable feat in an industry where single-aisle jets have always outsold widebodies. The production challenge is compounded by a global supply chain that relies on partner suppliers to design and build big chunks of the airplane, such as the wings and fuselage sections. This process also ventures into unknown territory, and so far it has been a journey fraught with many close calls. [4] Overall, I am very pleased with the progress we are currently making. This progress is evident in the production line, the results from flight testing, and the enthusiasm of Eclipse employees. It is because of you, our customers, that we continue to press on to deliver the best jet that General Aviation has ever dreamed of, much less delivered.[9] Boeing Co. has now collected 514 orders for the 787, which is designed to burn 20% less fuel than comparable airplanes by using more lightweight composites. [1] Boeing is promising the mid-size, long-haul jetliner will use 20 percent less fuel per passenger than similar sized airplanes.[10] Inside the airplane, passengers will find cleaner air, bigger windows, more stowage space and improved lighting. The Boeing 787 Dreamliner will lead the industry into the next generation of flight using the latest in ground-breaking technology to provide airlines with a family of airplanes that allows them to take their passengers where they want to go, when they want to go.[11] "The real number I focus in on is 43 customers. It's 43 customers around the world. It's a real broad validation that this is an airplane that almost every airline in the world is going to find use for," said Bair.[7] Boeing has also been under pressure to continue reducing the airplane's overall weight. According to Bair, the plane is about 2% overweight but he called the issue manageable and says he is confident the plane will meet its weight targets.[4] The order brings JAL's orders for Boeing's new lightweight, carbon fiber plane to 35. Boeing said it now has taken 514 orders for 787s since its launch in April 2004, confirming its position as its most successful Boeing plane launch on record.[12] Boeing doesn't necessarily need a big order from another U.S. airline to make the 787 a success, aviation analyst Scott Hamilton with Leeham Co. LLC said. ''They don't need it, but of course they want it,'' he said.[6] Boeing has said the program remains on schedule to meet that key delivery date. It could be difficult for the 787 order pace to continue for another year.[5] The fastest pace of orders on any previous program was for the 737 Next-Generation, which had 473 orders before rollout. The 737 is a single-aisle jet, which typically sells in much greater numbers than the bigger wide-bodies such as the 787.[2] The 787 has even eclipsed the order pace of the next-generation 737, which had 476 firm orders by the time the first plane was rolled from the Renton plant Dec. 8, 1996. [5] A little more than half of the plane's structure is made up of carbon-fiber composites, a first for Boeing. Another first for Boeing is the amount of work on major structures being handled by other companies around the world, which then ship the pieces to U.S. factories.[13] REFERENCES 1. Chicago Business News, Analysis & Articles | Boeing passes 500 orders for 787 | Crain's 2. Business & Technology | Boeing's 787 orders top 500 | Seattle Times Newspaper 3. Latest News | News | Hemscott 4. Sky-High Expectations for Boeing 5. Aerospace Notebook: Boeing 787 sets record -- it's fastest-selling airliner 6. Boeing passes 500 orders for new 787, looks to speed production - Breaking News - The Olympian - Olympia, Washington 7. Boeing 787 orders now top 500 | Top Stories | KING5.com | News for Seattle, Washington 8. Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 526042 9. Aero-News Network: The Aviation and Aerospace World's Daily/Real-Time News and Information Service 10. Boeing has 514th order for 787 11. Boeing's 787 Dreamliner Surpasses 500 Customer Orders in Under Three Years 12. JAL orders five Boeing 787s; total orders top 500 | Transportation | Reuters 13. Boeing passes 500 orders for 787 |
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Read More Articles Related To This Topic:
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Boeing passes 500 orders for 787
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American Airlines wants 47 Boeing 737s four years sooner
FORTH WORTH, Texas — American Airlines said Wednesday it plans to accelerate the delivery of 47 Boeing 737-800 aircraft, as it replaces some of its aging MD-80 fleet. SEATTLE American Airlines wants 47 Boeing 737s four years earlier than its original request, a move that industry experts said could signal a wave of orders for new passenger jets. More... - Mar-29-2007
American speeds up 737 order
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American Airlines speeds up its fleet renewal plans
FORTH WORTH, Texas — American Airlines said Wednesday it plans to accelerate the delivery of 47 Boeing 737-800 aircraft, as it replaces some of its aging MD-80 fleet. In 2005, the last year with full pay information available, Mr. Arpey was paid cash and stock then valued at about $1.5 million. More... - Mar-13-2007
Boeing reaches deals for 28 jets
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Boeing collects more 787 orders, sells freighters in Russia
NEW YORK - Boeing Co. chalked up more than $4.5 billion in commercial plane orders on Monday as Continental Airlines Inc. upped an existing order and operators from Russia and Kuwait agreed to buy more planes. Continental Airlines has ordered five 787-9 models and upgraded an earlier order for 12 aircraft of the 787-8 models into 12 of the somewhat larger 787-9 type, Boeing and Continental said. More... - Mar-12-2007
UPDATE 2-Continental, others buy Boeing jets worth $4.5 bln
At list prices, the five new planes are worth about 916 million dollars. The five aircraft have a list price ranging from $178.5 million to $188 million before discounts that carriers typically receive, according to Boeing's Web site. More...
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