Gregory Polek has spent his entire career in aviation journalism with AIN, starting as a proofreader and assistant to then-managing editor Mary Mahoney in 1995 after serving an internship with&nbsp;New Jersey Monthly&nbsp;magazine and completing his B.A. degree in English/Writing at New Jersey’s William Paterson College. By 1997 Polek accepted a position as an associate editor, covering the regional airline beat for&nbsp;Aviation International News&nbsp;in place of retiring industry veteran Don Anderson. The assignment took Polek across North America and Europe to profile regional airlines varying in size and mission from the likes of floatplane operators Kenmore Air and Chalk’s Ocean Airways to regional jet operators such as SkyWest and American Eagle. Today, in his dual role as Air Transport Editor and International Airshow Editor, Polek writes, edits, and manages AIN’s commercial aviation content while overseeing each of the company’s daily international air show publications in Paris, Farnborough, Singapore, and Dubai. Most recently Polek has assumed oversight of daily coverage of the Helicopter Association International’s annual Heli-Expo convention.

Senior Editor

Gregory Polek

Boeing announced Thursday that it will cut its production rate on the 747-8 program in half starting in September, from one airplane a month to 0.5. Plans already call for rates to drop from 1.3 per month to one per month starting this March. Boeing said the decision centers on a need to match supply with near-term demand in the cargo market. To account for the market and production effects, the company added that it will recognize a $569 million after-tax charge when it announces financial results for the fourth quarter of 2015 on January 27. The earnings charge will not affect 2015 revenue or cash flow, it said.

 


“Global air passenger traffic growth and airplane demand remain strong, but the air cargo market recovery that began in late 2013 has stalled in recent months and slowed demand for the 747-8 Freighter,” said Boeing Commercial Airplanes CEO Ray Conner. “While we remain confident in the 747-8’s unique value proposition and an upcoming replacement cycle for late-model 747-400 Freighters, we're taking the prudent step to further align production with current market requirements.”

 


Most recent air transport industry data show that air freight activity contracted in November, shrinking volumes by 1.2 percent compared with the same time a year ago. Meanwhile, global passenger demand grew at 5.9 percent, above the 10-year average rate, according to the International Air Transport Association (IATA).

 


“We are closely monitoring the air cargo market as we work to win additional orders to support ongoing future production,” said Boeing CFO Greg Smith. “At the same time, we continue to aggressively drive productivity to lower costs across our production system to offset the current market challenges.”

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

Boeing To Cut Rates on 747-8 to 0.5 Per Month

Blames slump in cargo market 

2024 Corporate Aviation Leadership Summit

Jessica Reed

News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

People in Aviation

People In Aviation

Kerry Lynch

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Next delivery for BACN program slated for 2025

Bombardier's USAF BACN Global Jet Deliveries Reach Eight

Milestone reached two years after the latest version entered service

Bombardier's Challenger 3500 Reaches 100th Delivery

New developments and products in avionics, specifically about aircraft electronics in the cockpit.

Garmin's Autoland feature could save lives if a pilot becomes incapacitated 

Textron Cessna Citation CJ4, CJ3, and M2 Jets Updated to Gen3 with Garmin Autoland

Charles Alcock

News and issues about aviation maintenance, repair and overhaul (MRO), covering all segments of the aviation industry; and modifications for aircraft and engines. Subjects include product support of aircraft, engines and avionics, MRO company mergers, acquisitions, announcements and personnel, Airworthiness Directives, Supplemental Type Certificate approvals and other topics.

Hybrid-electric aircraft will operate in VTOL or STOL modes with range of up to around 544 nm

Manta Turns to China's Shenyang Aviation To Advance VTOL/STOL Aircraft

Sarah Rose

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

Fastest single-engine aircraft in Piper’s history gets nods from EASA and other agencies

M700 Fury Racks Up Foreign Certifications

News and issues relating to international air transport and cargo carriers, national airlines and regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

More In Aircraft

People In Aviation

People in Aviation

Bombardier's USAF BACN Global Jet Deliveries Reach Eight

Next delivery for BACN program slated for 2025

Bombardier's Challenger 3500 Reaches 100th Delivery

Milestone reached two years after the latest version entered service

Textron Cessna Citation CJ4, CJ3, and M2 Jets Updated to Gen3 with Garmin Autoland

Garmin's Autoland feature could save lives if a pilot becomes incapacitated

Manta Turns to China's Shenyang Aviation To Advance VTOL/STOL Aircraft

Hybrid-electric aircraft will operate in VTOL or STOL modes with range of up to around 544 nm

M700 Fury Racks Up Foreign Certifications

Fastest single-engine aircraft in Piper’s history gets nods from EASA and other agencies

FAI Rent-a-jet Nominated for ITIJ Air Ambulance Award

Marks the operator's sixth nomination for the International Travel & Health Insurance Journal (ITIJ) Awards

Textron Aviation Ships 41 Bizjets in 3Q Despite Strike

Four-week strike will affect aircraft deliveries in the fourth quarter

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