Boeing plans to open its first manufacturing plant in Britain, picking Sheffield to make critical parts for its best-selling 737 and 777 airliners. The company has earmarked the Northern city for a £20m investment where it will produce complex parts for “actuators” which move flaps on the jets’ wings. The decision is notable as the US…
Virgin Australia Holdings is deferring delivery of the first group of 40 Boeing 737 Max 8 jets to 2019. The airline is delaying delivery of five to ten of the Renton-made jets, according to sources familiar with the Boeing Commercial Airplanes deal who were not authorized to disclose the contract terms or the deferrals. Boeing…
In October, China-owned Avolon Holdings Limited agreed to buy the aircraft-leasing business of CIT Group for $10 billion in a deal that will create the world’s third-largest rental fleet. Avolon, a Dublin-based lessor, is wholly owned by China’s Bohai Capital Holding Co. It became a Bohai subsidiary through a $2.6 billion acquiring deal in 2015.…
