Boeing scraps festive bonuses in UK amid ‘challenging time’ for aerospace giant January 5, 2020 Boeing’s UK employees will be glad to have put 2019 behind them, after the aerospace giant reportedly capped off a dismal year by cancelling workers’ festive bonuses. The US aerospace giant has been feeling the pinch in recent months, as it loses billions of dollars over the ongoing grounding of its best-selling 737 Max jet. [...]
Boeing fires chief executive Dennis Muilenburg over 737 Max crisis December 23, 2019 Boeing has fired its chief executive Dennis Muilenburg, nine months after the second of two deadly crashes involving his planes that killed a total of 346 people. Muilenburg, a Boeing employee of more than three decades, has been under intense pressure since a 737 Max went down in Ethiopia in March, killing everyone on board. [...]
Boeing mulls whether to cut 737 Max production as delays drag on December 16, 2019 Boeing is considering whether to cut production of the grounded 737 Max jet, after the US aviation regulator said it would not approve the plane’s return to service before 2020. The company’s board is midway through a two-day meeting in Chicago, and the company could make an announcement on production plans as soon as late [...]
Boeing 737 Max: Grounding could cost tour operator Tui €400m next year December 11, 2019 Tui has admitted the grounding of its fleet of Boeing 737 Max planes could cost up to €400m next year if it does not return to the skies by April. The world’s biggest tour operator said that if the global ban on the jet lasts beyond February next year it will not have time to [...]
‘Warning bells’: Former Boeing employee to testify after 737 Max concerns December 10, 2019 A former Boeing employee has spoken of his guilt that he did not do more to try to alert people to the dangers of the 737 Max jet, before giving what could be damning evidence against the firm tomorrow. Boeing’s 737 Max was grounded after being involved in two deadly crashes in Indonesia then Ethiopia, [...]
Emirates orders $9bn worth of Boeing jets despite safety concerns November 20, 2019 Gulf airline Emirates has unveiled a $9bn order for 30 Boeing 787 Dreamliners, while reducing its deal for the delayed 777x plane from 150 to 126. The order was struck after 11th hour talks at the Dubai air show, which has been taking place this week. It follows comments from Emirates president Tim Clark that [...]
Boeing gets orders for 50 more grounded 737 Max jets from Kazakh airline November 19, 2019 Boeing’s grounded 737 Max received another vote of confidence today, as airlines announced plans to order up to 50 of the jets worth $6bn at list prices. Kazakhstan’s flag carrier, Air Astana, has signed a letter of intent to buy 30 of the 737 Max 8 planes, which are banned from global airspaces after two [...]
Boeing receives vote of confidence in 737 Max from Turkish airline Sun Express with $1.2bn order November 18, 2019 The annual Dubai air show kicked off this week with billions of pounds-worth of aircraft deals, including a substantial order for 10 Boeing 737 Max jets which remain grounded worldwide after two fatal crashes. Turkish airline Sun Express, which already has 32 of the planes on order, put its faith in the under-fire US manufacturer [...]
Boeing shares soar as it forecasts January return for 737 Max November 11, 2019 Boeing shares took off this afternoon after the company said it expected US regulators to approve its grounded 737 Max model to return to service in January. The plane maker, which has been tussling with the global fallout from two deadly crashes of the jet which killed 346 people, said it was possible deliveries to [...]
Boeing’s chief executive offered to forego his bonuses over the 737 Max crisis November 5, 2019 Boeing chief executive Dennis Muilenburg has offered to forego all bonuses for 2019 as the firm scrambles to deal with the fallout from two deadly crashes of its 737 Max jet. The embattled boss, who has been stripped of his dual role of chief executive and chairman of the aerospace giant in recent weeks, faced [...]