Focus Stocks
Boeing Next-Generation 737 Performance Improvement Package Delivers on Promise to Cut Fuel Burn
Published on Tuesday, 31 July 2012 11:17 Written by TradersHuddle Staff
Customers validate improvements on package's first anniversary
RENTON, Wash., July 31, 2012 /PRNewswire/ -- Customers of Boeing's [NYSE: BA] Next-Generation 737 are validating the benefits of the industry-leading Performance Improvement Package (PIP), one year after the first airplane PIP airplane was delivered. PIP combines aerodynamic and engine performance improvements to reduce fuel burn by up to 2 percent and is part of the continuous innovation on the world's best-selling airplane. More than 420 Next-Generation 737s have now been delivered with PIP.
"The Performance Improvement Package has contributed to a remarkable fuel mileage improvement compared to the non-PIP airplanes," said Takeshi Katsurada, vice president of flight operations engineering for Japan Airlines. "We can validate its improvement through each delivery flight performance monitoring and also daily flight operations monitoring to the extent of more than 2 percent fuel mileage improvement."
Elements of the performance improvement package, provided at no charge to customers, have been gradually introduced on the 737 over the past year. They include aerodynamic-shaped anti-collision lights, streamlined slat and spoiler trailing edges, ski-jump wheel well fairings re-contoured to smooth the air flow near the main landing gear, and enhancements to the CFM engine. A re-contoured plug and cutback nozzle completed the propulsion portion of the performance improvement package. The final element of the package, a redesigned environmental control system exhaust vent, is scheduled for mid-2013.
"These improvements are important for our airline customers," said Beverly Wyse, vice president and general manager of the 737 program, Boeing Commercial Airplanes. "The improved fuel savings are part of our commitment to deliver market-leading value to Next-Generation 737 customers. Improving fuel efficiency by 2 percent saves more than $120,000 annually on each airplane and reduces the carbon footprint."
Boeing began performance improvement testing in November 2010 with the goal of reducing fuel consumption by up to 2 percent.
"Our latest tests have shown that aircraft, which incorporate the Performance Improvement Package, provide flydubai with up to 1.6 percent reduced fuel burn over non-PIP aircraft," said Ghaith Al Ghaith, CEO of flydubai. "With a growing fleet, any savings we can make towards our fuel costs are positive from both a financial and environmental perspective. We look forward to Boeing introducing the final part of the package, which will provide us with even greater fuel savings."
Contact:
Linda Lee
737 Program Communications
Boeing Commercial Airplanes
+1 206-766-2905
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
SOURCE Boeing
Related Articles
- TradersHuddle Mid-day Update: Dow Jones Higher Top Performers: BA, UTX, AA
- ViaSat Announces Next Generation Broadband Satellite
- Boeing, Southwest Airlines Announce Launch of 737 MAX 7
- Boeing, Turkish Airlines Finalize Order for 50 737 MAXs, 20 Next-Generation 737s
- Boeing Delivers First Direct Purchase 767-300ER to MIAT Mongolian Airlines
- Top Performing Dow Component: Pfizer
- InvestorsObserver releases comments on Wal-Mart, Boeing, eBay, Nordstrom, and Kohl's
- Boeing to Build 4 More Intelsat Epic 702MP Satellites
- Dow Jones Round Up - Lower: HPQ, MMM, BA
- Boeing Rolls Out First 787 Dreamliner at Increased Production Rate
Related Partner Headlines
- Boeing Co (BA): Today's Featured Aerospace/Defense Laggard - TheStreet.com
- Cramer's Top Stock Picks: CLNE, HON, BA, HD - TheStreet.com
- Cramer's 'Mad Money' Recap: Good Reasons to Stay in the Market - TheStreet.com
- Dow Today: Boeing (BA) Lower - TheStreet.com
- Has the Moment Finally Arrived for Boeing Shares? - TheStreet.com
- Boeing Co Stock Buy Recommendation Reiterated (BA) - TheStreet.com
- Moody's Poised for Big Fiscal Cliff Call - TheStreet.com
- Dow Today: Boeing (BA) Higher - TheStreet.com
- The Week Ahead: 'Fiscal Cliff' Worries Bubble to the Surface - TheStreet.com
- Dow Today: Boeing (BA) Higher - TheStreet.com
TradersHuddle Search
|
Stock Search: |
|
Site Search: Loading
|
Latest Partner Headlines
-
Dow Today: Verizon Communications (VZ) Higher - TheStreet.com -
Separating the Bargains From the Busts - TheStreet.com -
Cramer Quick Take: The 60-Inch TV Will Be Key This Holiday - TheStreet.com -
Cramer Quick Take: Cisco Wins If Fiscal Cliff Is Resolved - TheStreet.com -
Gap Up and Sit - TheStreet.com -
Apple, Intel, MicroStrategy: Tech Winners & Losers - TheStreet.com -
Windows 8 PC Sales Disappointing: Report - TheStreet.com -
Cramer Quick Take: Buy Home Depot and Lowe's - TheStreet.com
Stock Market
Dow Jones
Company ID [INDEXDJX:.DJI] Last trade:15,354.40 Trade time:4:40PM EDT Value change:▲121.18 (0.80%)S&P 500
Company ID [INDEXSP:.INX] Last trade:1,667.47 Trade time:4:39PM EDT Value change:▲17.00 (1.03%)NASDAQ
Company ID [INDEXNASDAQ:.IXIC] Last trade:3,498.97 Trade time:5:15PM EDT Value change:▲33.73 (0.97%)In The Wires
-
Green Acre Aquaponics Introduces a Revolutionary Approach to Farm Education and Commercial Aquaponics -
Jim Case Carlton’s Training Announces New Performance Appraisal Process -
fishbat Honored For Raising Over $30,000 For Island Harvest -
Valley Auto Loans Announces New High Risk Auto Insurance Service -
Feed Additives Market to Reach $19.5 Billion by 2017 at a CAGR of 3.8% - New Report by MarketandMarkets -
Gilbert AC Repair Company Announcing Diagnostic Fee Waived For New Customers -
VegasHotelEscapes.com Announces Special Vegas Packages For Billboard Music Awards -
South African Car Crash Visualisation shows worrying trends








