Boeing may end 747 production

first_imgVideo: First flight of the latest model of the 747 the -8.The weakness in the global economy and air freight markets has also reduced demand for 747-8 freighters.Boeing is currently making a 747 every month but had previously announced plans to reduce the rate to one every two months from September. It said in its filing it had also shelved plans to return to a production rate of one aircraft per month from 2019.The announcement came as Boeing reported its first quarterly loss in seven years due to the 747 write-down and charges of $US1.23 billion on the 787 program and $US354 million on KC-46 tanker program.The second quarter net loss of $US234 million came despite a 1 per cent rise in revenue to $US24.8 billion.Chief executive Dennis Muilenburg said the underlying performance of Boeing remained “solid’’ and its commercial and defence teams had again delivered strong revenues and operating cash flow.“As we look forward to the second half of the year, we anticipate continued strong operating performance across our production and services programs on generally healthy demand for our broad portfolio of market-leading offerings,’’ he said.“Our commercial airplane development programs remain on track and we have successfully completed the flight testing required for customer approval of key KC-46 production milestones.”Meanwhile, Airbus Group reported a 15 percent increase in the first- half net profit to 1.76 billion euros but also took charges of more than 1.7  billion euros, including in its A350 and troubled A400M programs.The profit was boosted by gains of 868 million euro from the sale of shares in Dassault Aviation and $1.14 billion euros from the creation of a rocket launching joint venture with Safran.Revenue remained flat at 28.8 billion euros and orders fell by 27 per cent  to 39 billion euros, although group chief executive Tom Enders pointed to the “brisk order intake’’ at the recent Farnborough Airshow.Mr  Enders said the first-half underlying performance reflected the manufacturer’s back-loaded delivery schedule and good demand for its products.“Our operational focus remains squarely on the A320 and A350 ramp-ups and transition to the new engine version of the A320,’’ he said.Airbus expects to deliver more than 650 aircraft this year after delivering 298 in the first half. The first flight of the Boeing 747. Photo: Boeing BOEING has hinted that the Queen of the Skies may be forced to abdicate if it fails to receive more orders for its lagging Boeing 747 program.The US aerospace giant attempted to breathe new life into the iconic airliner with a redesign but a filing with its second quarter financial figures suggests the 747-8 may become a victim  of its makers predictions of a dwindling market for very large aircraft.Read: 45 Years YoungThe plane-maker noted that lower-than-expected demand for large commercial passenger and freighter aircraft and slower-than-expected growth of global freight traffic had  continued to drive market uncertainties and  pricing pressures while resulting in “fewer orders than anticipated’’. It took a $US1.19 billion pre-tax charge on the program for the quarter.“We continue to have a number of completed aircraft in inventory as well as unsold production positions and we remain focused on obtaining additional orders and implementing cost-reduction efforts,’’ it said.“If we are unable to obtain sufficient orders and/or market, production and other risks cannot be mitigated, we could record additional losses that may be material, and it is reasonably possible that we could decide to end production of the 747.’’The 747, affectionately known as the jumbo jet, played a key role in allowing passengers worldwide to travel more cheaply by lowering the cost per seat.But even equipped with more efficient engines, the four-engine Boeing has struggled against increasingly efficient twin-engine aircraft and tendency for travellers to want to fly point-to-point.last_img read more

Canelo-GGG to MayMac fans: We’ve got a real show for you

first_imgGolovkin said he might watch the replay of Mayweather-McGregor this week, but didn’t seem terribly interested. Alvarez, who took his only career defeat against Mayweather in 2013, said he ordered the pay-per-view, but “to see a show, not a fight. I knew what I was getting.”“We weren’t negative on that event,” Loeffler added. “We just made it clear that this is the real boxing match, and that was a spectacle. It was the most popular MMA fighter against the most popular boxer. … You shouldn’t sell it as a real, competitive fight. But we were happy that it wasn’t a disaster to where people would be down on buying this fight.”Although Loeffler praises McGregor’s showmanship and MMA skills, he likened the matchup to Muhammad Ali’s infamous 1976 fight with Japanese pro wrestler Antonio Inoki.“It was really more of an exhibition,” Loeffler said. “It wasn’t really a boxing match.”But don’t mistake Loeffler for an Oscar-style hater. He thinks the long-term benefits of that short-term curiosity outweigh the drawbacks.“The more boxing exposure we can get for the sport in general, the more fights that can be made,” Loeffler said. “It brought (boxing) to the mainstream. It got a lot of attention that many other events never have a chance of getting. But I really think (Alvarez-Golovkin) is the highlight of boxing for this year.” But now that Mayweather’s farewell victory over the UFC champion went off without a major embarrassment for boxing, De La Hoya and fellow promoter Tom Loeffler hope their upcoming megafight between Saul Alvarez and Golovkin will be carried to new heights by a surge of interest created by the spectacle of the summer.If you liked Floyd and Conor, they think you’re going to love Canelo and Triple G.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutGolovkin meets Alvarez on Sept. 16 in the same Las Vegas arena where Mayweather stopped McGregor in the 10th round last Saturday. The result was no surprise to De La Hoya, who promotes Alvarez, or to Loeffler, who guides Golovkin’s career.“We were all pretty convinced that Floyd would win,” Loeffler said. “We were just hoping that it wouldn’t be a disaster where people were going to say, ‘We’re never going to buy another pay-per-view.’” UPLB exempted from SEA Games class suspension Boxer Canelo Alvarez works out as he hosts an open-to-the-public media workout at L.A. LIVE in Los Angeles on Monday, Aug. 28, 2017. Canelo Alvarez vs. Gennady “GGG” Golovkin is a 12-round box fight for the middleweight championship of the world presented by Golden Boy Promotions and GGG Promotions. The event will take place Saturday, Sept. 16, 2017, at T-Mobile Arena in Las Vegas. (AP Photo/Damian Dovarganes)LOS ANGELES — Oscar De La Hoya had no desire to watch Floyd Mayweather Jr.’s victory over Conor McGregor last weekend. Neither did middleweight champion Gennady Golovkin, who smirked at the idea of taking the time away from his family.“I just thought it was a fraud, and I still think it’s a fraud,” De La Hoya said Monday.ADVERTISEMENT Read Next View comments LOOK: Venues for 2019 SEA Games LATEST STORIES Typhoon Kammuri accelerates, gains strength en route to PH Brace for potentially devastating typhoon approaching PH – NDRRMC Don’t miss out on the latest news and information. Ray Allen visits Manila MOST READ SEA Games in Calabarzon safe, secure – Solcom chief WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Manny Pacquiao on Floyd Mayweather: Let him enjoy retirement PLAY LIST 00:44Manny Pacquiao on Floyd Mayweather: Let him enjoy retirement01:49Pacquiao to Mayweather: Want fans to stop asking for rematch? Then fight me again00:45Onyok Velasco see bright future for PH boxing in Olympics01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Kammuri turning to super typhoon less likely but possible — Pagasa Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Loeffler and De La Hoya are both grateful that most casual sports fans seemed to enjoy Mayweather’s 10th-round stoppage victory: The unusual fight appeared to be competitive, and it largely entertained people who don’t watch every big fight.And if those casual fans now want to see the best that boxing has to offer, De La Hoya and Loeffler are selling Mexico’s biggest star against an unbeaten Kazakh knockout artist for four middleweight title belts.“I’m glad that so many people bought the fight so they can see what boxing is all about, and what boxing is all about is September 16th with Canelo and Triple G,” De La Hoya said.De La Hoya sent out a furious, profane tweet to his 1.8 million followers one day before the bout, declaring that Mayweather and McGregor were “disrespecting the sport of boxing.” De La Hoya didn’t back down from that opinion during public workouts in downtown Los Angeles for Alvarez and Golovkin, who attracted well over 1,000 fans standing in 90-degree downtown Los Angeles heat for four hours.“Only Mayweather knows, why it lasted 10 rounds,” said De La Hoya, who lost a close fight to Mayweather in 2007. “Obviously, Mayweather is not the biggest puncher in the game. If there was a Canelo in there, obviously it would last one round.”ADVERTISEMENTlast_img read more

10 months agoBarnes swoops to earn Burnley crucial win at Huddersfield

first_imgAbout the authorPaul VegasShare the loveHave your say Barnes swoops to earn Burnley crucial win at Huddersfieldby Paul Vegas10 months agoSend to a friendShare the loveBurnley produced a critical victory at Huddersfield Town on Wednesday night.The Clarets’ win, their second in three days, was sealed when Ashley Barnes slotted home midway through the second half from Ashley Westwood’s pass.Huddersfield had taken the lead through Steve Mounie’s header in the 33rd minute but conceded an equaliser and had Christopher Schindler sent off within two minutes before half-time.Wood met Dwight McNeil’s low cross from the left six yards out and swept in for his fifth goal of the season.Schindler, who had earlier been booked for a foul on Wood, was then shown a second yellow card for hauling down McNeil on the edge of the penalty area.Defeat means bottom-of-the-table Huddersfield are eight points from safety. last_img read more

9 months agoDONE DEAL: Stevenage sign West Ham midfielder Moses Makasi

first_imgTagsTransfersLoan MarketAbout the authorPaul VegasShare the loveHave your say DONE DEAL: Stevenage sign West Ham midfielder Moses Makasiby Paul Vegas9 months agoSend to a friendShare the loveStevenage have signed West Ham midfielder Moses Makasi on loan until the end of the season.The 23-year-old, who is yet to make his senior debut for the Hammers, spent time on loan with Plymouth last season scoring once in seven appearances.He could feature for Boro in Saturday’s home game against Crawley.”Moses is a good footballer and I am really pleased we have been able to get this one over the line,” boss Dino Maamria told the club website. last_img read more

Why Netflix changed its algorithm to track the shows youre actually watching

first_imgAdvertisement Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment The CEO of Netflix has offered insight into how the online streaming service arrives at the suggestions it makes to users about what shows and movies to watch.During a question-and-answer session Saturday morning at the TED conference, Reed Hastings, the co-founder, chairman and CEO of Netflix, talked about running the multi-billion dollar company.Sitting onstage with lead TED curator Chris Anderson, Hastings provided this description of Netflix’s programming strategy: Twitter Facebookcenter_img Login/Register With: “We have some candy,” Hastings said. “But we have lots of broccoli, and if you have a good mix you get to a healthy diet.” Advertisement Netflix has been investing heavily in its own programming, like The Crown.last_img read more