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CSAFE Global



CHICAGO: November 19, 2018. Boeing says its corporate giving programme over the past decade has averaged US$170 million, including US$230 million this year driven by $55 million in new charitable grants.

The amount compares to the aerospace manufacturer’s yearly pre-tax earnings between 2013 and 2017 of US$7.15 billion plus US$7.55 billion for the first nine months of this year.

Juneyao AirlinesBoeing says the US$55 million in grants will support 443 nonprofit organizations in 47 countries. Over the past five years employee gifts matched by the company have increased 30 percent.

"Our people have unique skills and an unwavering passion for making a difference in the world, both through our products and services and the ways we give back to our communities," observed Boeing chairman and CEO Dennis Muilenburg. "When that's combined with our professional networks, partnerships and financial resources, we have the potential to drive positive, lasting change across the globe in important areas such as STEM [Science, Technology, Engineering and Math] learning and veterans' support."

Boeing is also support several international nonprofits, including the Nettur Technical Training Foundation, which encourages disadvantaged youth and young adults to pursue aviation maintenance careers in India; The Air League, which provides aviation and flight school scholarships for wounded veterans in the UK; and OISCA International, which assists with coastal forest restoration efforts in the Tohoku region of Japan.

Last month the company reported Q3 2018 revenue of US$25.14 billion and US$72.78 billion for the first nine months. Net earnings were US$2.36 billion and US$7.03 billion respectively.

Pictured: Boeing 's first 787-9 delivery for Shanghai-based, privately-held Juneyao Airlines.

CSAFE Global






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