Boeing-Embraer bid to challenge Airbus fizzles

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CHICAGO — Boeing announced Saturday that it has terminated its Master Transaction Agreement (MTA) with Embraer.

Under the deal announced in late 2018, the two companies had planned to create a joint venture comprising Embraer’s commercial aviation business.

The $4.2-billion tie-up was mainly aimed at challenging Airbus in the market for midsize planes.

The two companies also planned a second joint venture to develop new markets for the C-390 Millennium military aircraft.

“Under the MTA, April 24, 2020, was the initial termination date, subject to extension by either party if certain conditions were met. Boeing exercised its rights to terminate after Embraer did not satisfy the necessary conditions,” Boeing said in a statement.

“Boeing has worked diligently over more than two years to finalize its transaction with Embraer. Over the past several months, we had productive but ultimately unsuccessful negotiations about unsatisfied MTA conditions.”

The planned partnership had received approval from all regulatory authorities, with the exception of the European Commission, Boeing said.

There was no immediate comment from Embraer.

The image is courtesy of Embraer.

Boeing 777X takes to the skies

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The Boeing 777X takes off from Everett, Wash., on Saturday.

SEATTLE, Wash. — “The 777X flew beautifully,” said Capt. Van Chaney after successfully flying Boeing’s newest aircraft Saturday.

“Thank you to all the teams who made today possible. I can’t wait to go fly your airplane again,” added the chief pilot for 777X test and evaluation

With that first flight, the world’s longest and largest twin-engine airliner entered the next phase of its test program.

The 777-9X is based on the popular 777.

The aircraft took off in front of thousands at Paine Field in Everett, Wash., at 10:09 a.m. local time for a three-hour, 51-minute flight over Washington state before landing at Seattle’s Boeing Field, the company said.

Chaney called the flight very productive.

The first of four dedicated 777-9 flight test airplanes, WH001 will now undergo checks before resuming testing in the coming days, Boeing said.

“Our Boeing team has taken the most successful twin-aisle jet of all time and made it even more efficient, more capable and more comfortable for all,” said Stan Deal, president and CEO of Boeing Commercial Airplanes.

“Today’s safe first flight of the 777X is a tribute to the years of hard work and dedication from our teammates, our suppliers and our community partners in Washington state and across the globe.”

Boeing has won 340 orders and commitments for the 777X from leading carriers, including Emirates, Lufthansa and Singapore Airlines.

The first delivery is expected in 2021.

Images are courtesy of Boeing.

 

Boeing debuts 737 MAX 10

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The 737 MAX 10 being unveiled at the Boeing plant in Renton, Wash., on Friday. 

Even as concerns about the safety of Boeing 737 MAX 8 persist, the U.S. aircraft manufacturer has debuted the latest version of the aircraft.

Thousands of employees gathered at the Boeing plant in Renton, Wash., on Friday for the debut of the 737 MAX 10.

“Today is not just about a new airplane. It’s about the people who design, build and support it,” said Mark Jenks, vice-president and general manager of the 737 program.

“This team’s relentless focus on safety and quality shows the commitment we have to our airline customers and every person who flies on a Boeing airplane.”

The 737 MAX 10 is the largest variant of the MAX family, and can seat up to 230 passengers.

“I’m honored to take this airplane on its first flight and show the world what you’ve put your heart and soul into,” said 737 chief pilot Jennifer Henderson.

Boeing has received more than 550 orders for the 737 MAX 10 from over 20 customers, the company said.

Image courtesy: Boeing