Tag Archives: Boeing

Defense One reports: Boeing should have rejected then-President Donald Trump’s proposed terms to build two new Air Force One aircraft, the company’s CEO said Wednesday. Dave Calhoun spoke Wednesday on the company’s quarterly earnings call, just hours after Boeing disclosed that it has lost $660 million transforming two 747 airliners into flying White Houses. “Air Force One I’m just going …

Reuters reports: The Federal Aviation Administration (FAA) said on Tuesday it was ordering immediate inspections of Boeing 777 planes with Pratt & Whitney PW4000 engines before further flights after an engine failed on a United flight on Saturday. The engines are used on 128 older versions of the plane accounting for less than 10% of the more than 1,600 777s …

CBS News reports: Federal aviation regulators are ordering United Airlines to step up inspections of all Boeing 777s equipped with the type of engine that suffered a catastrophic failure over Denver on Saturday. United said it is temporarily removing those aircraft from service. The announcements came a day after United Airlines Flight 328 had to make an emergency landing at …

Yahoo News reports: Boeing’s 737 Max is one large step closer to returning to American skies after being grounded for over a year and a half. The FAA has issued an order effectively clearing the 737 Max’s return to service once airlines follow key procedures. They’ll have to install Boeing’s updated software, use updated manuals and procedures, rework horizontal stabilizer …

The Wall Street Journal reports: Federal prosecutors have opened a criminal probe into whether a senior NASA official improperly told a high-ranking Boeing executive about the status of a lunar-lander contract, spurring the company to revise its bid, according to people familiar with the investigation. The grand-jury investigation, which hasn’t been previously reported, is being led by the U.S. attorney’s …

The Associated Press reports: Boeing and a small number of other manufacturers around the U.S. geared up Monday to resume production amid pressure from President Donald Trump to reopen the economy and resistance from governors who warn there is not enough testing yet to keep the coronavirus from rebounding. Boeing, one of the Pacific Northwest’s biggest employers, said it will …

Axios reports: Former U.N. Ambassador Nikki Haley resigned from Boeing’s board of directors on Thursday in protest of the company asking for federal aid amid fears of mass revenue loss due to the novel coronavirus. Boeing asked for a $60 billion bailout from the federal government on Tuesday. “While I know cash is tight, that is equally true for numerous …

MarketWatch reports: Many investors didn’t trust airline stocks through the bull market. Their valuation to earnings ratios were low, even as profits rose dramatically. But despite a history of rough patches during unforeseen events, such as the Sept. 11, 2001, attacks and the volcanic eruption in Iceland in 2010 that disrupted air travel, large U.S. airline companies spent most of …

Reuters reports: Boeing began the maiden flight on Saturday of the world’s largest twin-engined jetliner as the embattled planemaker steps up competition with European rival Airbus in a respite from a crisis over its smaller 737 MAX. The 777X, a larger and more efficient version of Boeing’s successful 777 mini-jumbo, took off outside Seattle at 10:09 a.m. local time after …

CNBC reports: For the first time in decades, Boeing’s commercial airplane business lost orders over the course of an entire year, a stark example of just how much the 737 Max crisis has hurt the company. For all of 2019, Boeing lost orders for 87 commercial airplanes, meaning it had more cancellations than new purchases, the company said Tuesday. The …

The New York Times reports: Dennis A. Muilenburg, who was ousted as Boeing’s chief executive last month as the company contended with the biggest crisis in its history, will depart with more than $60 million, the company said Friday. Mr. Muilenburg will not receive any additional severance or separation payments in connection with his departure, and Boeing said he had …

The New York Times reports: Boeing employees mocked federal rules, talked about deceiving regulators and joked about potential flaws in the 737 Max as it was being developed, according to over a hundred pages of internal messages delivered Thursday to congressional investigators. “I still haven’t been forgiven by God for the covering up I did last year,” one of the …

The New York Times reports: Boeing on Monday fired its chief executive, Dennis A. Muilenburg. It said Dave Calhoun, the chairman, would replace Mr. Muilenburg, on Jan. 13. Until then, Boeing’s chief financial officer, Greg Smith, will serve as interim chief executive, the company said. Boeing said in a statement that its board of directors “decided that a change in …

The Associated Press reports: The message to Boeing Co. from the Federal Aviation Administration was clear: The grounded 737 Max won’t get approval to fly again anytime soon. So the company had little choice but to idle the giant factory where the plane is made. Boeing announced Monday that it will suspend production of the Max starting sometime in January, …

CNBC reports: Shares of Southwest Airlines tumbled Thursday after the low-cost carrier said it doesn’t plan to fly the grounded Boeing 737 Max until next year, warned about higher-than-expected costs and announced it’s pulling out of Newark Liberty International Airport. The airline removed the Max from its schedules until Jan. 5, the latest of any U.S. airline and a sign …

The New York Times reports: Boeing said on Wednesday that it would allocate $100 million to help the families and communities affected by the recent crashes of two of its 737 Max jets. The move was among the most overt acknowledgment of Boeing’s responsibility in the crashes, which were caused in part by a malfunctioning anti-stall system on the new …

Axios reports: Boeing CEO Dennis Muilenburg said the aircraft maker is having “ongoing conversations” with its airline customers about possible reimbursements following the grounding of its 737 MAX during an interview with Axios’ Mike Allen at the Aspen Ideas Festival on Wednesday. The 737 MAX was grounded worldwide after crashes in Indonesia and Ethiopia killed 346 people, highlighting concerns about …

ABC News reports: The Defense Department’s internal watchdog has cleared acting Defense Secretary Patrick Shanahan of favoring his former employer, Boeing while serving at the Pentagon. The Pentagon’s inspector general found that reports of ethics violations were not substantiated, clearing the way for Shanahan for a possible nomination to the top Pentagon job. The inspector general opened the investigation last …

Reuters reports: U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should “rebrand” the best-selling aircraft after fixing it. “What do I know about branding, maybe nothing (but I did become President!), but if I were Boeing, I would FIX the Boeing 737 MAX, …

NBC News reports: The investigation into March’s fatal Ethiopian Airlines crash — which helped lead to a worldwide grounding of the Boeing 737 MAX aircraft — has reached the preliminary conclusion that a “suspect flight-control feature automatically activated before the plane nose-dived into the ground,” the WSJ reports. The big picture: The preliminary investigation into the fatal Boeing 737 MAX …