Model Airplanes

ERBIL, Kurdistan Region — Iran may soon be receiving the first Western-built jet airplane since 1979,  Iranian state media has reported after claims by industry sources of Turkish Airlines being cash-strapped.

“[T]wo 777 Boeing passenger planes will be delivered to the national flag carrier Iran Air,” IRNA reported on Sunday, citing an unnamed “informed” source.

The initial report by IRNA on April 4 stated the deal was for the Boeing 737 model, and Boeing has not publicly announced otherwise. 

Boeing confirmed in an April 4 statement the signing of a Memorandum of Agreement with Iran’s Aseman Airlines with “the intent to purchase 30 Boeing 737 MAX airplanes with a list price value of $3 billion” and provide “purchase rights for 30 additional 737 MAXs.”

Iran would begin to receive the 737 airplanes in 2022, according to Boeing; however, IRNA wrote on Sunday that two of the 777 models, according to its source, will be delivered “to Iran within the next month.”

“The source noted that the Turkish Airlines was supposed to purchase the two 777 planes, but it refrained from doing so,” IRNA wrote, adding that the total figure is 80 passenger planes.

“Since 30 out of 80 passenger planes purchased from Boeing are 777 model, the giant aviation company has announced that it will deliver two of the same model to Iran,” the source added.

Reuters cited industry sources saying delivery of the first aircraft may have been moved up

Article source: http://www.rudaw.net/english/middleeast/iran/10042017

Eugene, Ore. (KPTV/CNN Newsource) — A pilot’s family is speaking out following a deadly plane crash in Oregon.

The family of three also aboard that plane at the time of the crash was reportedly on their way to visit the University of Oregon.

Bailey miller spoke with pilot’s family, who is remembering him for his passion for flying following the plane crash that took his life.

67-year-old Mark Aletky’s sister, Patricia, is heartbroken by his sudden death.

Aletky was flying a single engine plane from Van Nuys to Eugene before it crashed — killing all four people inside.

In the crash, John Zitting, his wife Karen and their 17-year-old son died.

Investigators say John Zitting hired Aletky to fly his family to Eugene.

The pilot’s family says Aletky was taking the Zitting’s on a college scouting trip to see the University of Oregon.

Patricia Aletky said, “Knowing my brother, I know that he would have done everything he could have done to save the plane to save those people even putting them before himself.”

His family says he was an experienced pilot, flying for more than 20 years with thousands of flight hours under his belt.

“He had a love of planes all the way back a popular toys were these model airplanes and he would try and fly them. They were not meant to fly,” Patricia said.

The Oregonian reports that friends and coworkers of the Zitting family remember them as great people.

Aletky leaves behind his wife, three kids and two grandchildren.

Patricia said, “You are gone to soon. On

Article source: https://kobi5.com/news/four-killed-in-plane-crash-pilots-family-speaks-50564/

It has been about a month since the last earnings report for Boeing Company (The) (BA – Free Report) . Shares have added about 4.6% in that time frame, outperforming the market.

Will the recent positive trend continue leading up to the stock’s next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

Boeing Beats on Q4 Earnings, Provides 2017 Outlook

Boeing reported adjusted earnings of $2.47 per share for fourth-quarter 2016, beating the Zacks Consensus Estimate of $2.34 by 5.6%. Reported earnings were also up 54.4% from the year-ago figure of $1.60.

The quarterly number reflects solid overall execution of production programs and services.

On a GAAP basis, Boeing reported earnings of $2.59 per share compared with earnings of $1.51 per share in the year-ago quarter.

2016 non-GAAP earnings were $7.24 per share, surpassing the Zacks Consensus Estimate of $7.12 by 1.7%, but decreasing 6.2% year over year. On a GAAP basis, earnings were $7.61 per share, up 2.3% year over year.

Revenues

The company’s revenues amounted to $23.29 billion in the reported quarter, missing the Zacks Consensus Estimate of $23.44 billion by 0.6%. The reported figure also declined 1.2% year over year.

Revenues were $94.57 billion in 2016, down 1.6% year over year. However, revenues were almost in line with the Consensus estimate.

Total Backlog

Backlog at the end of the fourth

Article source: https://www.zacks.com/stock/news/255632/why-is-boeing-ba-up-46-since-the-last-earnings-report