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94-742: The first BBJ (later renamed the BBJ1) was first designed in 1996 as a high-performance derivative of the Boeing 737 Next Generation by Borge Boeskov, at the request of Phil Condit , president of Boeing, and Jack Welch , chairman and CEO of General Electric . Since its introduction, over 260 BBJs have been delivered. Boeing expanded the BBJ brand to include configurations based on the 737 MAX , 777, 777X , 787 Dreamliner and 747-8 Intercontinental , which are known as BBJ 737 MAX , BBJ 777 , BBJ 777X , BBJ 787 , and BBJ 747-8 , respectively. Boeing currently produces

188-504: A glass cockpit , and upgraded and redesigned interior configurations. The series includes four variants, the –600/–700/–800/–900, seating between 108 and 215 passengers. The 737NG's primary competition is the Airbus A320 family . As of September 2024 , a total of 7,126 737NG aircraft had been ordered, of which 7,112 had been delivered, with remaining orders for two -700, two -800, and 10 -800A variants. The most-ordered variant

282-475: A 17-year-old 737-800W will be worth $ 9.5 million and leased for $ 140,000 per month. As of May 2019, Boeing had delivered 4,979 737-800s, 116 737-800As, and 21 737-800 BBJ2s, and has twelve 737-800 unfilled orders. The 737-800 is the best-selling variant of the 737NG and is the most widely used narrow-body aircraft. Ryanair , an Irish low-cost airline , is among the largest operators of the Boeing 737-800, with

376-427: A 171,000-pound (78,000 kg) MTOW , but with a cargo payload capacity significantly decreased from 966 to 165 cu ft (27.4 to 4.7 m ), trading payload for increased range of 5,775 nmi (10,695 km; 6,646 mi). The first was delivered on February 16, 2007, to ANA with 24 business-class and 24 premium-economy seats only. A 737-700 can typically accommodate 126 passengers in two classes. It

470-630: A 5.5% fuel savings per aircraft compared to 3.3% savings for the blended winglets. Southwest Airlines flew their first flight of a 737-800 with Split Scimitar winglets on April 14, 2014. The wing was redesigned with a new thinner airfoil section, and a greater chord and increased wing span (by 16 ft [4.9 m]) increased the wing area by 25%, which also increased total fuel capacity by 30%. New quieter and more fuel-efficient CFM56-7B engines are used. Higher MTOWs are offered. The 737NG includes redesigned vertical stabilizers, and winglets are available on most models. The 737NG encompasses

564-493: A 50% fall in net income for the first half of its financial year, as demand for oil and prices continued to fall due to the coronavirus crisis . On 3 November 2020, Saudi Aramco reported a 44.6% drop in third-quarter net profit amid the COVID-19 pandemic. On 14 December 2020, Saudi state TV announced that an oil tanker carrying over 60,000 metric tons of unleaded gasoline from an Aramco refinery at Yanbu, had been attacked by

658-561: A 70% share in SABIC , a chemicals manufacturing company. In June 2020, Saudi Aramco laid off nearly 500 of its more than 70,000 employees, as global energy firms reduced their workforce due to the COVID-19 pandemic . Most of the workers who lost their job at Aramco were foreigners. On 31 July 2020, Saudi Aramco lost its title as the world's largest listed company by market capitalization to Apple . On 9 August 2020, Saudi Aramco reported

752-528: A 737-800 fuel burn of 4.88 US gal (18.5 L) per seat per hour, compared to 5.13 US gal (19.4 L) for the A320. In 2011, United Airlines — flying a Boeing 737-800 from Houston to Chicago—operated the first U.S. commercial flight powered by a blend of algae-derived biofuel and traditional jet fuel to reduce its carbon footprint . In early 2017, a new 737-800 was valued at $ 48.3 million, falling to below $ 47 million by mid-2018. By 2025,

846-492: A 737-800 results in 0.5% reduction in fuel burn. Delta Air Lines received the first Next-Gen 737 model with this brake package, a 737-700, at the end of July 2008. The CFM56-7B Evolution nacelle began testing in August 2009 to be used on the new 737 PIP (Performance Improvement Package) due to enter service mid-2011. This new improvement is said to shave at least 1% off the overall drag and have some weight benefits. Overall, it

940-454: A MTOW of 174,100 lb (79,000 kg). In 2015, Boeing launched the 737-800SF passenger to freighter conversion program with Aeronautical Engineers Inc (AEI). The conversion can be completed by AEI or third parties such as HAECO . GECAS was the initial customer. It has a 52,800-pound (23,900 kg) payload capacity, and a range of 2,000 nautical miles (3,700 km; 2,300 mi). It received its supplemental type certificate from

1034-680: A barrel, Aramco announced it would increase production to 9.7 million barrels per day (mbpd). Then as prices plummeted, Aramco stated in January 2009, that it would reduce production to 7.7 mbpd. In 2011, Saudi Aramco started production from the Karan Gas Field, with an output of more than 400 million scf per day. In January 2016, the Deputy Crown Prince of Saudi Arabia, Mohammad bin Salman Al Saud , announced he

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1128-581: A bond issue by an emerging market entity. Aramco announced on Sunday 3 November 2019 its plan to list 1.5% of its value as an IPO on the Tadawul stock exchange . On 9 November 2019, Saudi Aramco released a 600-page prospectus giving details of the IPO. According to the specifications provided, up to 0.5% of the shares were locked for individual retail investors. On 4 December 2019, Saudi Aramco priced its offering at 32 Saudi riyals (approximately US$ 8.53 at

1222-502: A few years earlier. The American government granted US Aramco member companies a tax break known as the golden gimmick equivalent to the profits given to King Abdulaziz. In the wake of the new arrangement, the company's headquarters were moved from New York to Dhahran. In 1951, the company discovered the Safaniya Oil Field , the world's largest offshore field. In 1957, the discovery of smaller connected oil fields confirmed

1316-476: A fire in two storage tanks. The incident occurred during qualifying for the 2022 Saudi Arabian Grand Prix . On 11 May 2022, Saudi Aramco became the largest (most valuable) company in the world by market cap, surpassing Apple Inc. In August 2022, Saudi Aramco announced that it would acquire Valvoline's petroleum unit for $ 2.65 billion. In March 2023, Saudi Aramco announced that they had seen record profits of $ 161 billion as prices of petrol soared following

1410-416: A fleet of over 400 of the -800 variant serving routes across Europe, Middle East, and North Africa. In February 2016, Boeing launched a passenger-to-freighter conversion program, with converted aircraft designated as 737-800BCF (for Boeing Converted Freighter). Boeing started the program with orders for 55 conversions, with the first converted aircraft due for late 2017 delivery. The first converted aircraft

1504-533: A lawsuit on behalf of the U.S. government, claiming that dozens of 737NG contained defective structural elements supplied by airframe manufacturer Ducommun , allegations denied by Boeing. The federal judge presiding the case sided with Boeing, and a subsequent court of appeal also ruled in favor of the company. A 2010 documentary by Al Jazeera alleged that in three crashes involving 737NGs— Turkish Airlines Flight 1951 , American Airlines Flight 331 , and AIRES Flight 8250 —the fuselage broke up following impact with

1598-566: A lifetime of 90,000 flights. Boeing reported the issue to the FAA at the end of September 2019, and more planes showed similar cracking after inspection. The cracks were found in an airliner with more than 33,500 flights, when it was stripped down for conversion to freighter. Aircraft with more than 30,000 flights (15 years at 2,000 flights per year) should be inspected within one week, while those with over 22,600 flights (11 years) should be inspected within one year. The FAA Airworthiness Directive (AD)

1692-540: A message came to the home page apologizing to customers. Computer security specialists said that "The attack, known as Shamoon, is said to have hit "at least one organization" in the sector. Shamoon is capable of wiping files and rendering several computers on a network unusable." Richard Clarke suggests the attack was part of Iran's retaliation for the US involvement in Stuxnet . Security researcher Chris Kubecka , who helped

1786-406: A new -700 stayed around $ 35 million from 2008 to 2018. A 2003 aircraft was valued for $ 15.5 million in 2016 and $ 12 million in 2018 and will be scrapped for $ 6 million by 2023. The 737-700C is a convertible version where the seats can be removed to carry cargo instead. There is a large door on the left side of the aircraft. The United States Navy was the launch customer for the 737-700C under

1880-467: A report by Financial Times claimed that Aramco had been bearing the ministry-related expenses; boosting the finance ministry budget allocation. It also included Energy Minister Khalid Al Falih ’s company-related and diplomatic trips, as well as his stays in luxurious hotels. However, an ally mentioned that Falih’s policies have delivered additional oil revenues that far exceeded his expenses. In September 2019, Saudi Arabia appointed Yasir Al-Rumayyan as

1974-522: A second with Sinopec , and a third with Repsol . By 2004, Aramco was producing 8.6 million barrels per day (mbpd) out of a potential 10 mbpd. In 2005, Aramco launched a five-year plan to spend US$ 50 billion to increase their daily capacity to 12.5 mbpd by increasing production and refining capacity and doubling the number of drilling rigs. In 2005, Saudi Aramco was the world's largest company with an estimated market value of US$ 781 billion. In June 2008, in response to crude oil prices exceeding US$ 130

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2068-417: A smaller boat rigged with explosives. In March 2021, Saudi Aramco announced that earnings in 2020 fell by nearly 45% compared with 2019, as lockdowns around the world following the COVID-19 pandemic curbed demand for oil . On 19 March 2021, an Aramco refinery was attacked by six bomb-laden drones. The attack, which was claimed by Houthi rebels, started a fire but caused no injuries or damage, according to

2162-491: Is a twin-engine narrow-body aircraft produced by Boeing Commercial Airplanes . Launched in 1993 as the third generation derivative of the Boeing 737 , it has been produced since 1997. The 737NG is an upgrade of the 737 Classic (–300/–400/–500) series. Compared to the 737 Classic, it has a redesigned wing with a larger area, a wider wingspan, greater fuel capacity, and higher maximum takeoff weights (MTOW) and longer range. It has CFM International CFM56-7 series engines,

2256-480: Is approximately 16 feet (4.9 m) longer than the BBJ2 and has a slightly shorter range. Seven BBJ3s were delivered to customers. During its 20 years of production, 143 BBJs entered service, nearly triple the initial forecast of 50. Boeing delivered the last BBJ based on the 737NG in 2021. Boeing previously offered BBJs based on the 747-8 Intercontinental, the final model of the venerable 747 family, and BBJs based on

2350-479: Is available for the 737NG models and standard equipment for the 737-900ER. In July 2008, Boeing offered Messier-Bugatti-Dowty 's new carbon brakes for the Next-Gen 737s, which are intended to replace steel brakes and will reduce the weight of the brake package by 550–700 pounds (250–320 kg) depending on whether standard or high-capacity steel brakes were fitted. A weight reduction of 700 pounds (320 kg) on

2444-434: Is claimed to have a 2% improvement on fuel burn on longer stages. This short-field design package is an option on the 737-600, -700, and -800 and is standard equipment for the new 737-900ER. These enhanced short runway versions could increase pay or fuel loads when operating on runways under 5,000 feet (1,500 m). Landing payloads were increased by up to 8,000 lb on the 737-800 and 737-900ER and up to 4,000 lb on

2538-505: Is lower than many purpose-built business jets of similar size. This efficiency is partly enabled by a low utilization maintenance program, which lengthens the distance between maintenance intervals for BBJ operators – major checks occurring every four years, and heavy checks only once every 12 years. In 2023, the equipped price of the BBJ MAX 7 was $ 101.5M, $ 110.5M for the MAX 8, and $ 118.5M for

2632-639: Is similar to the Airbus A319LR . The Boeing 737-800 is a stretched version of the 737-700. It replaced the 737-400 and competes primarily with the Airbus A320 . The 737-800 seats 162 passengers in a two-class layout or 189 passengers in a one-class layout. The 737−800 was launched on September 5, 1994. Launch customer Hapag-Lloyd Flug (now TUI fly Deutschland ) received the first one in April 1998. Following Boeing's merger with McDonnell Douglas,

2726-581: Is the single greatest contributor to global carbon emissions of any company in the world since 1965. Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. In 2013, its crude oil production total was 3.4 billion barrels (540 million cubic metres), and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Along

2820-559: The 777X at the Middle East Business Aviation Association show in December 2018. The BBJ 777-8 and 777-9 will have ranges of 11,835 nmi (21,920 km; 13,619 mi) and 11,330 nmi (20,985 km; 13,040 mi), respectively, giving it the capability to fly more than halfway around the world without stopping, the longest of any current business jet. Now the largest business jets in

2914-632: The Airbus A319 . In long-range cruise, it burns 4,440 lb (2,010 kg) per hour at Mach 0.785 (450 kn; 834 km/h) and FL410, increasing to 4,620–4,752 lb (2,096–2,155 kg) at Mach 0.80 – Mach 0.82 (459–470 kn; 850–871 km/h). As of July 2018, all -700 series on order, 1,128 -700, 120 -700 BBJ, 20 -700C, and 14 -700W aircraft, have been delivered. By June 2018, around one thousand were in service: half of them with Southwest Airlines , followed by WestJet with 56 and United Airlines with 39. The value of

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3008-435: The Boeing 737-800 . It offered up to nine auxiliary belly fuel tanks to extend the aircraft's range to over 6,000 nautical miles [nmi] (11,000 km; 6,900 mi). Aviation Partners winglets became standard on the BBJ, giving it a 5% range boost. The first BBJ rolled out on August 11, 1998, and flew for the first time on September 4. A total of 113 BBJ1s were delivered to customers. On October 11, 1999, Boeing launched

3102-589: The Eastern Province , Saudi Aramco most notably operates the Ghawar Field (the world's largest onshore oil field ) and the Safaniya Field (the world's largest offshore oil field ). On 11 December 2019, the company's shares commenced trading on the Tadawul stock exchange . The shares rose to 35.2 Saudi riyals , giving it a market capitalization of about US$ 1.88 trillion, and surpassed

3196-459: The FAA in early 2019. In March 2019, the first AEI converted aircraft was delivered to Ethiopian Airlines on lease from GECAS. The Civil Aviation Administration of China cleared it in January 2020. Aircraft lessor Macquarie AirFinance ordered four 737-800SFs in March 2021. Boeing later introduced the 737-900, an even longer variant stretched to 138 ft 2 in (42.11 m). Because

3290-403: The Ghawar Field as the world's largest onshore field. In 1975, the Saudi Arabia second five-year economic plan included a Master Gas Plan. Natural gas would be used to generate power, rather than flaring the gas . The plan counted on using the associated gas , but by 1985, Aramco was able to include a billion standard cubic foot per day (Bscfd) of non-associated gas. This non-associated gas

3384-612: The Persian Gulf War , Aramco was expected to replace much of the oil production removed from the global market due to the embargo of Iraq and occupied Kuwait. This amounted to producing an extra 4.8 million barrels per day (Mbpd) to keep the global oil market stable. In addition, Aramco was expected to provide all of the coalition aviation and diesel needs. Aramco recommissioned 146 Harmaliyah, Khurais , and Ghawar oil wells with associated gas oil separation plants , and saltwater treatment pipeline, that had been mothballed during

3478-670: The Saudi Arabian Oil Company or simply Aramco (formerly Arabian-American Oil Company ), is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia . As of 2024 , it is the fourth- largest company in the world by revenue and is headquartered in Dhahran . Saudi Aramco has both the world's second-largest proven crude oil reserves , at more than 270 billion barrels (43 billion cubic metres), and largest daily oil production of all oil-producing companies. It

3572-667: The Texas Company (Texaco) purchased a 50% stake of the concession. After four years of fruitless exploration, the first success came with the seventh drill site in Dhahran in 1938, a well referred to as Dammam No. 7 . This well immediately produced over 1,500 barrels per day (240 m /d), giving the company confidence to continue. On 31 January 1944, the company name was changed from California-Arabian Standard Oil Co. to Arabian American Oil Co. (or Aramco ). In 1948, Standard Oil of New Jersey (later known as Exxon) purchased 30% and Socony Vacuum (later Mobil) purchased 10% of

3666-733: The Yom Kippur War , the Saudi Arabian government acquired a 25% "participation interest" in Aramco's assets. It increased its participation interest to 60% in 1974. Aramco continued to operate and manage the former Aramco assets, including its concessionary interest in certain Saudi Arab oil fields, on behalf of the Saudi Arab Government until 1988. In November 1988, a royal decree created a new Saudi Arab company,

3760-422: The -600, -700, -800, and -900 with improved performance and commonality retained from previous 737 models. The wing, engine, and fuel capacity improvements combined increase the 737's range by 900 nautical miles [nmi] (1,700 km; 1,000 mi) to over 3,000 nmi (5,600 km; 3,500 mi), permitting transcontinental service. The Speed Trim System, introduced on the 737 Classic, has been updated for

3854-574: The 1980s oil price collapse. Daily production increased from 5.4 Mbpd in July to 8.5 Mbpd in December 1990 after a three-month de-mothball effort. Starting in 1990, Aramco embarked on an expansion of crude oil sales in the Asian market. Agreements with South Korea , the Philippines , and China resulted. By 2016, about 70% of Aramco's crude oil sales were to Asia. In May 2001, Saudi Arabia announced

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3948-559: The 737-500 and is similar to the Airbus A318 . Winglets were not an option. WestJet was to launch the -600 with winglets, but dropped them in 2006. In November 1993, Southwest Airlines launched the Next-Generation program with an order for 63 737-700s and took delivery of the first one in December 1997. It replaced the 737-300, typically seating 126 passengers in two classes to 149 in all-economy configuration, similar to

4042-627: The 737-600 and 737-700. Takeoff payloads were increased by up to 2,000 lb on the 737-800 and 737-900ER and up to 400 lb on the 737-600 and 737-700. The package includes: The first enhanced version was delivered to Gol Transportes Aéreos (GOL) on July 31, 2006. At that time, twelve customers had ordered the package for more than 250 airframes. Customers include: GOL, Alaska Airlines , Air Europa , Air India , Egyptair , GE Commercial Aviation Services (GECAS), Hapagfly , Japan Airlines , Pegasus Airlines , Ryanair , Sky Airlines and Turkish Airlines . In 2005, three ex-Boeing employees filed

4136-512: The 737-800 also filled the gap left by Boeing's decision to discontinue the McDonnell Douglas MD-80 and MD-90 aircraft. For many airlines in the U.S., the 737-800 replaced aging Boeing 727-200 trijets . The 737-800 burns 850 US gallons (3,200 L) of jet fuel per hour—about 80 percent of the fuel used by an MD-80 on a comparable flight, while carrying more passengers. The Airline Monitor, an industry publication, quotes

4230-471: The 737-800, and has increased range (through the use of extra fuel tanks) over the other various 737 models. The first BBJ rolled out on August 11, 1998, and flew for the first time on September 4. A total of 113 BBJ1s were delivered to customers. On October 11, 1999, Boeing launched the BBJ2. Based on the 737-800, it is 19 ft 2 in (5.84 m) longer than the BBJ1, with 25% more cabin space and twice

4324-480: The 737NG to include a stall identification function. Originally inhibited in high alpha scenarios, STS operates at any speed on the 737NG. STS is triggered by airspeed sensor and commands Airplane Nose Down as the airplane slows down. The flight deck was upgraded with modern avionics, and passenger cabin improvements similar to those on the Boeing 777 , including more curved surfaces and larger overhead bins than previous-generation 737s. The Next Generation 737 interior

4418-1478: The 777 aircraft. BBJs were initially operated by Fortune 100 companies like Aramco and Tracinda , NetJets , and casinos like the Las Vegas Sands . However, the 2008 recession put ultra-large jets under scrutiny, and they were divested by many companies including The Limited , General Electric , and Occidental Petroleum . Similarly, Xi Jinping 's anti-corruption campaign reduced the conspicuous consumption of private jets in China. BBJs are now operated by private firms and individuals: Fresno's Assemi Group, Miami's Crescent Heights , Wichita's Town & Country Food Market , Funair Corp., toymaker Ty , Fortress Transportation & Instructure, Jeffrey Katzenberg , John Travolta , Steven Spielberg , Washington Corp., Tutor Saliba or pachinko king Hideyuki Busujima , with many registrations hiding their owners’ identities. Most BBJs are operated by governments for VIP transport in U.S., Australia and Africa, plus Colombia, Turkey, India, UAE , Jordan, Malaysia, South Africa and Tunisia; or Middle East oil barons like Abu Dhabi, Dubai and Saudi Arabia royalty. Through December 2022 Related development Aircraft of comparable role, configuration, and era Related lists Boeing 737 Next Generation The Boeing 737 Next Generation , commonly abbreviated as 737NG , or 737 Next Gen ,

4512-749: The BBJ 737 MAX and BBJ 787. After the launch of the BBJ, Airbus followed suit with the launch of the Airbus Corporate Jet (ACJ) program. Other smaller competitors include the Embraer Lineage , the Bombardier Global Express , the Gulfstream G550 and the Gulfstream G650 . The primary product offered by Boeing Business Jets is the BBJ 737 MAX family. Launch was announced on April 2, 2014, and

4606-423: The BBJ2. Based on the 737-800, it is 19 ft 2 in (5.84 m) longer than the BBJ1, with 25% more cabin space and twice the baggage space, but with slightly reduced range. It is also fitted with auxiliary fuel tanks in the cargo hold and winglets. The first BBJ2 was delivered on February 28, 2001. A total of 23 BBJ2s were delivered to customers. The BBJ3 aircraft is based on the 737-900ER aircraft. The BBJ3

4700-505: The Boeing 737 MAX family of aircraft. Unlike most commercial 737s, the BBJ MAX is fitted with retractable airstairs to allow independent operations at remote airfields. BBJ MAX aircraft are also equipped with all of the optional extra features available on commercial 737s, as well as the highest takeoff weight certification and maximum available engine thrust option. The BBJ MAX also benefits from its commercial counterparts. Direct operating costs are estimated at $ 5,200 to $ 5,600 per hour, which

4794-514: The Boeing Converted Freighter design because the operational economics are attractive due to the low operating costs and availability of certified pilots on a robust airframe. Modifications to the 737-800 airframe include installing a large cargo door, a cargo handling system, and additional accommodations for non-flying crew or passengers. The aircraft is designed to fly up to 1,995 nmi (3,695 km; 2,296 mi) at

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4888-406: The COVID-19 pandemic. The figures eclipsed the numbers posted by ExxonMobil and Shell, who reported $ 55.7 and $ 39.9 billion in profit respectively. In March 2023, Saudi Aramco announced it was going to acquire a 10% stake in China's Rongsheng Petrochemical Co. Ltd, with an estimated purchase price of $ 3.6 billion, and plans to build a new refining and petrochemical complex in northeast China through

4982-502: The Chairman of Aramco. Al-Rumayyan became head of the country’s sovereign wealth fund by replacing Khalid Al-Falih , who was holding the position since 2015. Aramco computers were attacked by a virus on 15 August 2012. The following day Aramco announced that none of the infected computers were part of the network directly tied to oil production, and that the company would soon resume full operations. Hackers claimed responsibility for

5076-678: The Gas Initiative, which proposed forming three joint ventures with eight IOCs for gas exploration on pure upstream acreage. Core Venture 1 included south Ghawar and north Rub' Al-Khali , Core Venture 2 included the Red Sea , while Core Venture 3 involved Shaybah and Kidan. In 2003, Royal Dutch Shell and TotalEnergies formed a partnership with Saudi Aramco in Core Venture 3. In 2004, Core Venture 1 became three separate joint ventures with Saudi Aramco holding 20%, one with Lukoil ,

5170-500: The MAX 9. BBJ 787 Family : Based on Boeing's commercial 787 Dreamliner , the BBJ 787 is a large business jet featuring a composite airframe and low cabin altitude system. The BBJ 787−8 and the BBJ 787-9 are long-range aircraft, with ranges of 9,960 nmi (18,445 km; 11,460 mi) and 9,475 nmi (17,550 km; 10,904 mi), respectively, with 25 passengers. Eighteen were ordered through September 2022 with 16 delivered. BBJ 777X Family : Boeing launched BBJ variants of

5264-536: The Saudi Arabian Oil Company, to take control of the former Aramco assets (or Saudi Aramco) and took the management and operations control of Saudi Arabia's oil and gas fields from Aramco and its partners. In 1989–90, high-quality oil and gas were discovered in three areas south of Riyadh: the Raghib area about 77 miles (124 km) southeast of the capital. In September 1990, after the start of

5358-429: The US in-service fleet of 1,930. By early November, 1,200 aircraft were inspected, with cracks on about 60 (5%). Cracks were discovered near fasteners outside the original area in four airplanes. On November 5, Boeing recommended expanding the checks to include them, to be mandated in a November 13 FAA AD . Aircraft below 30,000 cycles were to be reinspected within 1,000 cycles, within 60 days above. About one-quarter of

5452-641: The US$ 2 trillion mark on the second day of trading. Saudi Aramco's origins trace to the oil shortages of World War I and the exclusion of American companies from Mesopotamia by the United Kingdom and France under the San Remo Petroleum Agreement of 1920. The US administration had popular support for an " Open Door policy ", which Herbert Hoover , secretary of commerce, initiated in 1921. Standard Oil of California (SoCal)

5546-695: The baggage space, but with slightly reduced range. It is also fitted with auxiliary fuel tanks in the cargo hold and winglets. The first BBJ2 was delivered on February 28, 2001. A total of 23 BBJ2s were delivered to customers. The BBJ3 aircraft is based on the 737-900ER aircraft. The BBJ3 is approximately 16 feet (4.9 m) longer than the BBJ2 and has a slightly shorter range. Seven BBJ3s were delivered to customers. As of July 2018, 6,343 Boeing 737 Next Generation aircraft were in commercial service. This comprised 69 -600s, 1,027 -700s, 4,764 -800s and 513 -900s. Aramco Saudi Aramco ( Arabic : أرامكو السعودية ʾArāmkū as-Suʿūdiyyah ), officially

5640-496: The company establish security after the attack, detailed the level of sophistication in her Black Hat USA 2015 presentation and episode 30 of Darknet Diaries. On 14 September 2019, there was a drone attack on two Saudi Aramco plants: the Abqaiq oil processing facility and Khurais oil field . Houthi rebels claimed responsibility for the attack. The attack cut 5.7 million barrels per day (bpd) of Saudi crude output, over 5% of

5734-841: The company, with SoCal and Texaco retaining 30% each. The newcomers were also shareholders in the Iraq Petroleum Co. and had to get the restrictions of the Red Line Agreement lifted in order to be free to enter into this arrangement. In 1949, ARAMCO had made incursions into the Emirate of Abu Dhabi , leading to a border dispute between Abu Dhabi and Saudi Arabia. In 1950, King Abdulaziz threatened to nationalize his country's oil facilities, thus pressuring Aramco to agree to share profits 50/50. A similar process had taken place with American oil companies in Venezuela

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5828-451: The company. While the IPO had been vetted by major banks, the IPO was delayed over concerns of Aramco's corporate structure through 2018 into 2019. The September 2019 drone attacks on Aramco's facilities also delayed the onset of the IPO. On 9 April 2019, Aramco issued bonds collectively valued at US$ 12 billion. Its first international bond issue received more than US$ 100 billion in orders from foreign investors, which breaks all records for

5922-459: The deal included BNP Paribas, MUFG, BofA Securities, SMBC Nikko, First Abu Dhabi Bank, Societe Generale, and BOC International. The company has reported a fall in the net profit of its third-quarter for November 2020, due to increased crude prices and a drop in its demand following the COVID-19 pandemic. On 10 March 2020 Saudi Aramco announced a global partnership with Formula One landing a multi-year deal. On 17 June 2020, Saudi Aramco acquired

6016-409: The delivery on May 15, 2001. The type proved unpopular, with only 52 delivered, before being replaced by the improved 737-900ER. The 737-900ER (Extended Range), which was called the 737-900X before launch, was the final and largest variant of the Boeing 737 NG line. It was introduced to fill the range and passenger capacity gap in Boeing's product offerings after the 757-200 was discontinued, address

6110-475: The factory for test flights on Day 10. Boeing stopped assembling passenger 737NGs in 2019. The last aircraft assembled was a 737-800 registered PH-BCL delivered to KLM in December 2019; the last two deliveries were to China Eastern Airlines on January 5, 2020. Production of the P-8 Poseidon variant continues. The FAA has proposed a fine of approximately $ 3.9 million for Boeing's alleged installation of

6204-399: The first delivery occurred on October 15, 2018. The BBJ MAX replaces and improves upon the original BBJ 737 family, featuring a lower 6,500 ft cabin altitude for enhanced passenger comfort as well as a 15% reduction in fuel burn and an increase in range to over 6,000 nmi brought by new CFM LEAP-1B engines, improved aerodynamics, auxiliary fuel tanks, and other systems. The BBJ MAX is based on

6298-518: The fuselage. A total of 505 -900ERs were delivered. In the late 1980s, Boeing marketed the Boeing 77-33 jet, a business jet version of the 737-300. The name was short-lived. After the introduction of the next generation series, Boeing introduced the Boeing Business Jet (BBJ). The BBJ (retroactively referred to as the BBJ1) was similar in dimensions to the 737-700 but had additional features, including stronger wings and landing gear from

6392-707: The global NG fleet of 6,300 aircraft were to be inspected. Following the contained engine failure of the Southwest Airlines Flight 1380 on April 17, 2018, the National Transportation Safety Board (NTSB) recommended on November 19, 2019, to redesign and retrofit its nacelle for the 6,800 airplanes in service. Boeing was to increase 737 production from 31.5 units per month in September 2010 to 35 in January 2012 and to 38 units per month in 2013. Production rate

6486-421: The ground because of the defective structural components that were the subject of the 2005 lawsuit. However, the accident investigations in all three cases did not highlight any link between post-impact structural failures and manufacturing issues. During an inspection of a 737NG in 2019 that had 35,000 flights, fatigue cracks were found on a fuselage-to-wing attachment known as a "pickle fork", designed to last

6580-492: The military designation C-40 Clipper . Boeing launched the 737-700ER (Extended Range) on January 31, 2006, with All Nippon Airways as the launch customer. Inspired by the Boeing Business Jet , it features the fuselage of the 737-700 and the wings and landing gear of the 737-800. When outfitted with nine auxiliary fuel tanks, it can hold 10,707 US gallons (40,530 L; 8,915 imp gal) of fuel with

6674-520: The new variants, the −600 series, is identical in size to the −500, launching in December 1997 with an initial flight occurring January 22, 1998; it was granted FAA certification on August 18, 1998. The flight test program used 10 aircraft: 3 -600s, 4 -700s, and 3 -800s. In 2004, Boeing offered a Short Field Performance package in response to the needs of Gol Transportes Aéreos , which frequently operates from restricted airports. The enhancements improve takeoff and landing performance. The optional package

6768-876: The official Saudi Press Agency. On 21 March 2021, Saudi Aramco signed an agreement to secure China's energy supplies for the next 50 years, and also to develop new technologies to combat climate change. More recently, they signed a deal with a consortium led by EIG. In July 2021, Saudi Aramco appointed former HSBC Holdings Plc Chief Executive Officer Stuart Gulliver to the company's board of directors. In October 2021, Saudi Aramco announced plans to achieve net-zero carbon emissions from its wholly-owned operations by 2060. On 20 November 2021, Houthi fighters took credit for launching 14 drones at military targets in Riyadh, Abha, Jizan, Najran, and Jeddah, and Aramco's refineries in Jeddah. In 2021, The Guardian reported that Aramco

6862-422: The pivoting bins, thus allowing a 737-800 to hold 174 carry-on bags . Boeing also offered it as a retrofit for older 737NG aircraft. The 737-600 was launched by SAS in March 1995, with the first aircraft delivered in September 1998. A total of 69 have been produced, with the last aircraft delivered to WestJet in 2006. Boeing displayed the 737-600 in its price list until August 2012. The 737-600 replaces

6956-471: The plant on Day 1. Electrical wiring is installed on Day 2 and hydraulic machinery on Day 3. On Day 4 the fuselage is crane-lifted and rotated 90 degrees, wings are mated to the airplane in a six-hour process, along with landing gear , and the airplane is again rotated 90 degrees. The final assembly process begins on Day 6 with the installation of airline seats , galleys , lavatories , overhead bins , etc. Engines are attached on Day 8 and it rolls out of

7050-631: The same faulty components of the 737 MAX on some one hundred and thirty-three 737 NGs. From 2006, Boeing discussed replacing the 737 with a "clean sheet" design (internally named " Boeing Y1 ") that could follow the Boeing 787 Dreamliner . A decision on this replacement was postponed, and delayed into 2011. In 2011, Boeing launched the 737 MAX, an updated and re-engined version of the 737NG with more efficient CFM International LEAP -1B engines, and aerodynamic changes with distinctive split-tip winglets . The first 737 MAX performed its first flight in January 2016. The fourth generation 737 MAX supersedes

7144-477: The shortcomings of the 737-900, and to directly compete with the Airbus A321 . Up to two auxiliary fuel tanks in the cargo hold and standard winglets improved the range of the stretched jet to that of other 737NG variants, while an additional pair of exit doors and a flat rear pressure bulkhead increased maximum seating capacity to 220 passengers. Airlines may deactivate (plug) the additional exit doors if

7238-615: The slower, shorter-range 737 Classic variants into the more efficient, longer New Generation variants. In 1991, Boeing initiated development of an updated series of aircraft. After working with potential customers, the 737 Next Generation (NG) program was announced on November 17, 1993. The first NG to roll out was a 737−700, on December 8, 1996. This aircraft, the 2,843rd 737 built, first flew on February 9, 1997, with pilots Mike Hewett and Ken Higgins. The prototype 737−800 rolled out on June 30, 1997, and first flew on July 31, 1997, piloted by Jim McRoberts and again by Hewett. The smallest of

7332-466: The spread of the computer virus. The virus hit companies within the oil and energy sectors. A group named "Cutting Sword of Justice" claimed responsibility for an attack on 30,000 Saudi Aramco workstations, causing the company to spend months restoring their services. The group later indicated that the Shamoon virus had been used in the attack. Due to this attack, the main site of Aramco went down and

7426-487: The third generation 737NG. Split Scimitar winglets became available in 2014 for the 737-800, 737-900ER, BBJ2 and BBJ3, and in 2015 for the 737-700, 737-900 and BBJ1. These resemble the 737 MAX's split winglet, though they are not identical. Split Scimitar winglets were developed by Aviation Partners , the same Seattle-based corporation that developed the blended winglets; the Split Scimitar winglets produce up to

7520-514: The time) per share. The company generated subscriptions of total amount equals US$ 119 billion representing 456% of total offer shares. It raised US$ 25.6 billion in its IPO, making it the world's largest IPO, succeeding that of the Alibaba Group in 2014. The company commenced trading on Tadawul on 11 December 2019, with shares rising 10% to 35.2 riyals, giving the company a market capitalization of about US$ 1.88 trillion, and making Saudi Aramco

7614-454: The total configured capacity of the plane is 189 passengers or less. The first 737-900ER was rolled out of the Renton, Washington , factory on August 8, 2006, for its launch customer, Lion Air , an Indonesian low-cost airline . The airline received this aircraft on April 27, 2007, in a special dual paint scheme combining Lion Air's logo on the vertical stabilizer and Boeing's livery colors on

7708-419: The world's largest listed company. The entire Tadawul has a market capitalization of US$ 2.22 trillion. According to a bourse filing made by Aramco, the likes of Goldman Sachs , HSBC , Morgan Stanley , JPMorgan , and NCB Capital were hired by the company for organizing investor calls prior to the planned transaction. The document published by one of the other banks said to be involved in the deal showed that

7802-406: The world's supply. There were discussions by Saudi Arabian officials on postponing Aramco's IPO, because the attacks "sidelined more than half of the kingdom's output" of oil. Since around 2018, Saudi Arabia had been considering to put a portion of Saudi Aramco's ownership, up to 5%, onto public trading via a staged initial public offering (IPO), as to reduce the cost to the government of running

7896-493: The world, these aircraft have cabin areas of 3,256 and 3,689 sq. ft. (302.5 and 342.7 sq m) cabin. The cabin area of the 777-9 is larger than the main deck of a 747-400 and will be 30% cheaper to operate per hour. The 777X is currently undergoing certification before entry into service, currently expected in 2025. The BBJ (retroactively referred to as the BBJ1) was similar in dimensions to the Boeing 737-700 but had additional features, including stronger wings and landing gear from

7990-453: The −900 retains the same exit configuration of the -800, seating capacity is limited to 189, although aircraft equipped with a typical 2-class layout will seat approximately 177. The 737-900 also retains the MTOW and fuel capacity of the −800, trading range for payload. Alaska Airlines launched the 737-900 in 1997, the 737-900 made its first flight on August 3, 2000, and Alaska Airlines accepted

8084-589: Was 42 units per month in 2014, and was planned to reach rates of 47 units per month in 2017 and 52 units per month in 2018. In 2016, the monthly production rate was targeted to reach 57 units per month in 2019, even to the factory limit of 63 units later. A single airplane was then produced in the Boeing Renton Factory in 10 days, less than half what it was a few years before. The empty fuselage from Spirit AeroSystems in Wichita, Kansas , enters

8178-500: Was also adopted on the Boeing 757-300 . This improved on the previous interior of the Boeing 757-200 and the Boeing 737 Classic variants, the new interior became optional on the 757-200. In 2010, new interior options for the 737NG included the 787 -style Boeing Sky Interior. It introduced new pivoting overhead bins (a first for a Boeing narrow-body aircraft), new sidewalls, new passenger service units, and LED mood lighting. Boeing's newer "Space Bins" can carry 50 percent more than

8272-505: Was among those US companies seeking new sources of oil from abroad. The Saudi Arabian government granted a concession to SoCal in preference to a rival bid from the Iraq Petroleum Company . The concession allowed SoCal to explore for oil in Saudi Arabia. SoCal assigned this concession to a wholly owned subsidiary , California-Arabian Standard Oil ( CASOC ). In 1936, with the company having had no success at locating oil,

8366-465: Was considering listing shares of the state-owned company, and selling around 5% of them in order to build a large sovereign wealth fund . On 26 April 2017, Saudi security forces thwarted an attempted attack on an Aramco oil distribution center involving an unmanned boat from Yemen. The Wall Street Journal reported in September 2018, Aramco was considering a US$ 1 billion venture-capital fund to invest in international technology firms. In June 2019,

8460-423: Was delivered to West Atlantic in April 2018. At the 2018 Farnborough Airshow , GECAS announced an agreement for 20 firm orders and 15 option orders for the 737-800BCF, raising the commitment to 50 aircraft. Total orders and commitments include 80 aircraft to over half a dozen customers. Since early 737NG aircraft become available on the market, they have been actively marketed to be converted to cargo planes via

8554-455: Was issued on October 3, 2019. Of the 500 first inspected aircraft, 5% (25) had cracks and were grounded; Boeing expected to repair the first aircraft three weeks after the issuance of the directive, serving as the template for the resulting Service bulletin . Of the 810 examined aircraft over 30,000 cycles, 38 had structural cracks (4.7%), leaving 1,911 737NGs over 22,600 cycles to be inspected within their next 1,000 cycles, i.e., nearly all of

8648-587: Was not trying to diversify at the same rate as other oil companies, such as Shell and BP. Rather, Aramco announced in 2021 that the company intended to increase crude capacity from 12m barrels a day to 13m barrels by 2027. In February 2022, following crude's ascent to nearly $ 95 per barrel, Saudi Arabia's Aramco boosted oil prices for clients in Asia, the United States, and Europe. In March 2022, Houthi fighters attacked an Aramco storage site in Jeddah causing

8742-524: Was produced from the Kuff Formation , which is a limestone layer 650 metres (2,130 ft) below the oil producing Arab Zone. In 1994, Aramco discovered more non-associated gas in the deeper Jawf sandstone formation, and built plants in Hawiyah and Haradh to process it. This increased the capacity of the Master Gas System to 9.4 billion scfd. In 1973, following US support for Israel during

8836-445: Was the 737-800, with 4,991 commercial, 191 military, and 23 corporate, or a total of 5,205 aircraft. Boeing stopped assembling commercial 737NGs in 2019 and made the final deliveries in January 2020. The 737NG is superseded by the fourth generation 737 MAX , introduced in 2017. When regular Boeing customer United Airlines bought the more technologically advanced Airbus A320 with fly-by-wire controls, this prompted Boeing to update

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