The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.
Talk to us
Got something to say? Here's the place to say it. We welcome your comments on what's going on in business in the South Sound that we should be discussing, reporting or analyzing here on our blog or in the pages of The News Tribune.
Contributors
Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.
C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.
John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.
Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.
- All
- Aerospace (1477)
- Banking (179)
- Commercial Real Estate (145)
- Consumer Alert (28)
- Downtown Tacoma (225)
- Economic Development (273)
- Employment/Workplace (283)
- Food (32)
- General (1920)
- Labor (178)
- Port and trade (275)
- Residential Real Estate (77)
- Restaurants (145)
- Retail (63)
- Shopping (320)
- Technology (133)
- Tourism (742)
- Your view (7)
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| << < | > >> | |||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
- October 2009 (59)
- September 2009 (83)
- August 2009 (109)
- July 2009 (98)
- June 2009 (107)
- May 2009 (108)
- April 2009 (124)
- March 2009 (100)
- February 2009 (95)
- January 2009 (112)
- December 2008 (100)
- November 2008 (101)
- More...
XML Feeds- BORNHAWK
- CDHawkFan
- kamieniecki
- artman77
- Guest Users: 384
Boeing rival Airbus today raised the list prices for its airliners as the dollar continued to fall against the Euro and metal prices continued their rise.
The European aircraft maker raised prices across the board on its line of aircraft by 2.74 percent and then adjusted single-aisle aircraft prices upward by $2 million and wide-bodied aircraft by $4 million per plane.
Airliners are typically sold in dollar-denominated contracts, so that each time the dollar drops relative to the Euro, Airbus receives fewer Euros for each plane sold.
"The U.S. dollar is at its lowest rate in 20 years," Airbus said in a press release explaining the price hikes. "Over the last 12 months, the Euro versus the U.S. dollar exchange rate moved from 1.35 to almost 1.60 which translates to a devaluation of more than 15 percent. Prices for metal products have gone up at least 6.5 percent."
Airbus pays many of its workers in Euros and pays many of its European suppliers in that European currency.
Boeing, on the other hand, builds its planes in the U.S. so much of its costs are incurred in dollars.
The price raises may give Boeing a further advantage in the marketplace, but list prices typically are only a starting point for negotiations between airlines and plane makers. Most airlines pay as much as a third less than list prices for aircraft they buy.
Here are some example prices for Airbus jets:
A320 single aisle jet $76.9 million
A330-300 wide body $200.8 million
A350-8 new generation wide body $208.7 million
A340-500 long range wide body $237.1 million
