Boeing plans to restart production of 737 Max in May March 25, 2020 Planemaking giant Boeing is planning to restart production of the grounded 737 Max in May, sources told Reuters, despite disruption caused by the coronavirus outbreak. The US manufacturer, which is currently in negotiations with the federal government about state aid to help it through the current crisis, suspended production of the model in January due [...]
US airlines stocks in tailspin as coronavirus travel ban kicks in March 12, 2020 Boeing led a rout of US aviation stocks today as president Trump’s coronavirus travel ban battered the airline industry as markets opened across the Atlantic. For the second day in a row the aerospace giant shed around 15 per cent of its value, whilst fellow international carriers American Airlines, Delta and United all suffered double-figure [...]
Boeing share price dives as regulator rejects 737 Max wiring plan March 9, 2020 Boeing’s share price dived today after the aerospace giant suffered another blow in its attempt to get its 737 Max model flying again after US regulators said its wiring bundles did not meet safety standards. Shares initially plunged over 10 per cent before recovering slightly, but the US firm was still down eight seven per [...]
Boeing finds debris in fuel tanks of 737 Max aircraft February 19, 2020 Boeing has found potentially dangerous debris in the fuel tanks of its grounded 737 Max aircraft in a further blow for the model, which has been grounded since last March after two fatal crashes. An internal memo said that the company had found foreign object debris (FOD) – rags, tools, metal shavings and other materials [...]
Another ‘disastrous month’ for Boeing as reputation hits rock bottom January 29, 2020 Boeing’s reputation has hit a record low this month, as the troubled plane maker gears up to announce its annual results this afternoon. The manufacturer is still reeling from two crashes involving its 737 Max jet in 2018 and 2019. They killed a combined 346 people, and led to the best-selling jet being grounded worldwide. [...]
Boeing reveals new software issue could further delay 737 Max return to service January 18, 2020 Boeing has revealed it is addressing a new software issue on the grounded 737 Mac which could further delay its return to service. The aircraft maker discovered an issue relating to its power-up monitoring function that verifies some system monitors are operating correctly, during a technical review in Iowa last weekend. “We are making necessary [...]
Sacked former Boeing boss Dennis Muilenburg leaves with $62m payout January 13, 2020 Former Boeing boss Dennis Muilenburg has left the firm with a $62m (£48m), despite having overseen one of the most disastrous years in the company’s 104-year history. The payment comes in compensation and pension benefits, but Muilenburg will not get severance pay, according to Boeing. Read more: Boeing 737 MAX ‘designed by clowns’ internal memos reveal [...]
Boeing could be fined $5.4m by US regulator for 737 MAX defective parts January 11, 2020 The Federal Aviation Administration (FAA) has said it is seeking to fine Boeing $5.4m (£4.14m) on allegations it failed to prevent the installation of defective parts on its 737 MAX airplanes. The 737 MAX has been grounded since March 2019 after two crashes killed 346 people, although the parts issue is completely unrelated, Boeing said. [...]
Airlines divert flights around Iran and Iraq after missile attacks and Boeing crash January 8, 2020 A host of airlines have said they will divert flight routes over the Middle East after Iran launched missile attacks on US air bases in Iraq last night. The announcements come after a Boeing jet also crashed over the Iranian capital overnight, killing 176 people. Airlines including Qantas, Etihad, Singapore and Emirates said they will [...]
Boeing ‘mulls raising more debt’ as aerospace giant feels the pinch January 6, 2020 Boeing is said to be considering whether to raise more debt to boost its finances, which have come under intense strain from the grounding of its 737 Max jet. The firm has already taken a nearly $10bn (£7.6bn) hit on the 737 Max since the second of two crashes involving the jet happened in March [...]