Boeing logs 747, 767 cancellations

The Boeing Co. dropped orders for five 747-8s and one 767 this week.

The cancellation for 747s was partially offset by a new request for two of the iconic jumbo jets from an undisclosed customer.

That brings Boeing’s net order total to 1,052 through Dec. 4, according to the company’s website, which was updated Thursday.

Boeing has struggled with orders on the updated 747-8. Last month, Pat Shanahan, senior vice president of airplane programs, noted that the slow cargo market was hurting 747-8 freighter sales. Sales of the 747-8 passenger plane, dubbed the Intercontinental, have been even more difficult to come by for Boeing. The company has said it has several order “campaigns” for the Intercontinental.

Also on Thursday, Boeing said it won a tentative order from Icelandair for 12 737 MAX jets. The order for the updated 737s is valued at $1.2 billion at list prices, though jet makers typically discount from those prices.

Boeing looks likely to meet its 2012 aircraft delivery goal of between 585 and 600 jets. The company delivered 51 jets in November, bringing its 11-month total to 537.

More in Herald Business Journal

Boeing CEO Muilenburg’s total compensation rose to $18.5M

That’s up from just over $15 million a year earlier. It includes the value of stock awards in 2017.

Mother-in-law homes popular after cities ease restrictions

Lynnwood and Everett are seeing a spurt of growth after changing city codes to allow for this development.

Rising household debt casts shade on sunny economy

Real estate and the stock market are vulnerable to bubbles, while debt requires monthly payments.

Facebook data whistleblower: ‘Fake news to the next level’

Cambridge Analytica used created an information cocoon to change their perceptions, he says.

3 must-try doughnuts when Top Pot opens in Edmonds

After two years of work, the popular Seattle chain is opening its second Snohomish County location.

Boeing’s newest 737 Max makes first flight over Seattle

Prospects for the new aircraft — the Max 7 — are hazy, as low-cost carriers migrated to larger models.

Boeing’s an early casualty as investors dig in for trade war

The company’s share price is headed toward its biggest weekly slump in more than two years.

Superstore chain Fred Meyer to stop selling guns, ammunition

Guns have been sold at nearly 45 of more than 130 stores in Oregon, Washington, Idaho and Alaska.

Facebook bans Trump-affiliated data firm Cambridge Analytica

The company allegedly held onto improperly obtained user data after claiming to have deleted it.

Most Read