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Boeing 2Q profit falls; expects defense layoffs

FILE - In this file photograph taken July 18, 2010, Chief Executive Officer of Boeing, Jim McNerney, right, and Chief Executive Officer of Boeing Commercial Airplanes, Jim Albaugh react as they pose with a Boeing 787 after it landed, for the first time outside the US, at the Farnborough International Airshow, Farnborough, England. Boeing Co. said Wednesday, July 28, its second-quarter profit fell 21 percent, as revenue fell in both its commercial airplane and defense units. (AP Photo/Sang Tan, file)Boeing\'s second-quarter profit fell 21 percent, and it said layoffs are likely in its defense business because of expected government spending cuts and bargain-hunting.



Boeing, Airbus ink orders at U.K. airshow

Image: The Boeing 787 Dreamliner taxis on the runway at Farnborough airport in Farnborough, southern England. Boeing kicked off the Farnborough International Airshow on Monday with an order for 30 777-300ER jetliners from Emirates airline.Boeing Co. and European arch rival Airbus racked up billions of dollars worth of aircraft sales at the Farnborough International Airshow on Monday.



Austerity clouds outlook at Farnborough air show

A Boeing 787 airplane taxis into position as a crowd of Boeing employees looks on. The slow global economic recovery and sharp cuts to national defense budgets are expected to blow a chill wind through the Farnborough International Airshow next week.The slow global economic recovery and sharp cuts to national defense budgets are expected to blow a chill wind through the Farnborough International Airshow next week.



Ryanair boss in humbling apology to rival

Irish budget airline Ryanair’s Chief Executive Michael O’Leary has agreed to run ads in U.K. newspapers apologizing to easyJet founder Stelios Haji-Ioannou for calling him as Pinocchio.Irish budget airline Ryanair said Thursday it has agreed to pay libel damages to the founder of rival carrier easyJet for falsely accusing him of suppressing reports about the company\'s performance.



Boeing exec: 787 delivery may slip to early 2011

A Boeing Co. 787 jetliner taxis into position as a crowd of Boeing employees looks on. The director of Boeing\'s 787 program said Thursday the first delivery of the plane may slip to early 2011.The first delivery of Boeing\'s new 787 jetliner may slip into early 2011 because of inspections and changing instruments on the flight test aircraft, the head of the program said.



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