Boeing deliveries nearly halved in first nine months of 2019

(Reuters) – Boeing Co (BA.N) delivered half the number of planes in the first nine months of 2019 that it did in the same period a year ago, as the world’s largest planemaker continued to struggle with the grounding of its bestselling 737 MAX jets. Trailing far behind the 571 aircraft handed over by European… Continue reading Boeing deliveries nearly halved in first nine months of 2019

Despite Boeing 737 Max grounding, Spirit AeroSystems continues fuselage production

Boeing assistant fund to pay 737 MAX crash victims’ families FOX Business’ Liz Claman reports the latest news from Boeing’s settlement with crash victims’ families, which amounts to $144,500 each. Spirit AeroSystems is still making fuselages for Boeing's 737 Max jet, despite the aircraft being grounded since March. Continue Reading Below The aircraft part-making company manufactures… Continue reading Despite Boeing 737 Max grounding, Spirit AeroSystems continues fuselage production

FAA chief tries Boeing 737 MAX simulator, tests new safety software

Boeing 737 Max grounding weighing on the airline industry FBN’s Grady Trimble on the impact of the Boeing 737 Max grounding on the airline industry. The head of the Federal Aviation Administration stepped into a Boeing 737 Max flight simulator Thursday. Continue Reading Below New FAA chief Stephen Dickson said his agency has no timetable… Continue reading FAA chief tries Boeing 737 MAX simulator, tests new safety software

Exclusive: Boeing CEO eyes major aircraft order under any U.S.-China trade deal

EVERETT, Wash. (Reuters) – Boeing Co said on Tuesday that an aircraft order from China could result from any deal to end a yearlong trade war between the world’s two largest economies. Speaking to Reuters at the planemaker’s widebody aircraft factory in Everett, Boeing Chief Executive Dennis Muilenburg cautioned that it was “tough to predict”… Continue reading Exclusive: Boeing CEO eyes major aircraft order under any U.S.-China trade deal

Aircraft production down 24% globally after Boeing 737 Max crashes

Global aircraft production has fallen by a quarter after the grounding of Boeing’s 737 Max jet following two fatal accidents. ADS, the British aerospace lobby group, said 88 aircraft were delivered in July, down 24% on the same month a year ago, with the fall largely due to the slump in production of single-aisled planes… Continue reading Aircraft production down 24% globally after Boeing 737 Max crashes

Boeing May Be Changing 737 MAX Software Control System

Boeing Co. is reportedly planning a comprehensive change in the 737 Max flight control system’s software after a flaw was discovered by the U.S. Federal Aviation Administration or FAA in June. This is on top of the previously announced software changes planned by the company. Boeing had earlier announced a software update to deal with… Continue reading Boeing May Be Changing 737 MAX Software Control System

Fitch, Moody's cut Boeing's debt outlook to 'negative' on 737 MAX problems

(Reuters) – Fitch Ratings and Moody’s lowered their outlooks for Boeing Co (BA.N) to “negative” from “stable” on Monday, citing delays in its 737 MAX jets’ return to service. The revision, which comes on the heels of Boeing’s nearly $5 billion charge related to the grounding, could potentially increase borrowing costs for the world’s largest… Continue reading Fitch, Moody's cut Boeing's debt outlook to 'negative' on 737 MAX problems

Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes

SEATTLE (Reuters) – Boeing Co (BA.N) said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger jets after two deadly crashes. The charge is from “potential concessions and other considerations to customers,” and the impact of… Continue reading Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes

At American Airlines, Boeing Max grounding fuels improved earnings outlook

Boeing continues to face scrutiny after DOJ reportedly extends 737 Max probe Wall Street Journal aviation reporter Andrew Tangel on the report that the DOJ is extending its investigation beyond the Boeing 737 Max jet and will be investigating the 787 Dreamliner. American Airlines expects earnings in the second quarter to increase more than previously… Continue reading At American Airlines, Boeing Max grounding fuels improved earnings outlook

United extends ban on Boeing 737 Max after regulator finds new problem

United Airlines has become the latest carrier to extend its ban on using the Boeing 737 Max after the US aviation regulator said it had identified a new potential risk with the plane. As the Federal Aviation Administration said on Wednesday that Boeing must address the new issue before the jet can return to service,… Continue reading United extends ban on Boeing 737 Max after regulator finds new problem

Boeing sued by 737 Max pilot over ‘severe emotional and mental stress’

Boeing is sued by pilot over ‘severe emotional and mental stress’ caused by being ‘forced to fly the 737 Max and placing their own life and the lives of crew and passengers in danger’ A class action lawsuit filed in Illinois on Friday alleges Boeing ‘demonstrated reckless indifference and conscious disregard for the flying public’… Continue reading Boeing sued by 737 Max pilot over ‘severe emotional and mental stress’

Boeing Reports 56% Less Deliveries, No Orders In May

Boeing Co. reported 56 percent lower deliveries in the month of May and there were no new orders, amid the ongoing suspension of its top-selling 737 Max jet following a deadly crash. Total deliveries in the month fell to 30 planes from 68 during the same month last year. Also, the company received no new… Continue reading Boeing Reports 56% Less Deliveries, No Orders In May

Boeing 737 MAX jet: A timeline of the crisis and where the plane maker stands now

737MAX; 737MAX-8: TakeOff from Renton Field (Boeing) On Tuesday, Boeing signed its first deal for the 737 MAX jet since the deadly crashes that led to a temporary ban of the plane's use in the U.S. and global airspace at the Paris Air Show. Continue Reading Below Ticker Security Last Change %Chg BA BOEING COMPANY… Continue reading Boeing 737 MAX jet: A timeline of the crisis and where the plane maker stands now

Boeing CEO says the safe return of its 737 Max aircraft is 'most important'

The manufacturer's 737 Max has been grounded across the globe since mid-March after a deadly crash involving the jet in Ethiopia. Less than five months earlier, a Boeing Max crashed in Indonesia. The disasters killed a total of 346 people. Investigators said the jet's MCAS flight control system, which is designed to push the aircraft's… Continue reading Boeing CEO says the safe return of its 737 Max aircraft is 'most important'

F.A.A. Chief to Face Boeing Questions at House Hearing

The acting administrator of the Federal Aviation Administration will face questions from members of the House Transportation Committee on Wednesday about the regulator’s role in approving Boeing’s now-grounded 737 Max airplane to fly. It will be the first in a series of hearings that House Democrats plan to hold on the troubled jet, which was… Continue reading F.A.A. Chief to Face Boeing Questions at House Hearing

Boeing knew about safety-alert problem for a year before telling FAA, airlines

Boeing CEO says company making steady progress toward new 737 Max software approval Boeing shareholders meet as company faces scrutiny over two deadly crashes that caused airlines across the globe to be grounded; Jeff Flock reports from Chicago. Boeing didn’t share information about a problem with a cockpit safety alert for about a year before… Continue reading Boeing knew about safety-alert problem for a year before telling FAA, airlines

Emirates president confident Boeing will resolve issues with 737 MAX

DUBAI (Reuters) – Emirates Airline President Tim Clark said on Monday he believes Boeing Co will resolve issues with its 737 MAX aircraft, saying the U.S. company has an outstanding track record. The world’s largest planemaker’s fastest-selling 737 MAX jets have been grounded after the disasters on Lion Air in Indonesia on Oct. 29 and… Continue reading Emirates president confident Boeing will resolve issues with 737 MAX

Pilots demand better training if Boeing wants to rebuild trust in 737 MAX

CHICAGO (Reuters) – American Airlines pilots have warned that Boeing Co’s draft training proposals for the troubled 737 MAX do not go far enough to address their concerns, according to written comments submitted to the U.S. Federal Aviation Administration and seen by Reuters. The comments were made by the Allied Pilots Association (APA), which represents… Continue reading Pilots demand better training if Boeing wants to rebuild trust in 737 MAX

Saudi airline Flyadeal's decision on Boeing MAX 'imminent': CEO

DUBAI (Reuters) – Saudi Arabian budget airline Flyadeal’s decision on whether it goes ahead with an order for 30 Boeing 737 MAX jets is “imminent”, its chief executive said on Sunday. The airline is reconsidering the order after two MAX jets fatally crashed in Ethiopia in March and in Indonesia in October. “We’ve kept an… Continue reading Saudi airline Flyadeal's decision on Boeing MAX 'imminent': CEO

Boeing pulls 2019 guidance, pauses share buybacks due to 737 Max uncertainty

Boeing announces it is withdrawing its full year 2019 financial forecast while it works through issues surrounding its 737 Max aircraft, whose software is suspected in two deadly crashes. The company has completed over 135 test and production flights of updated software for the plane. The FAA, as well as regulators around the world, grounded… Continue reading Boeing pulls 2019 guidance, pauses share buybacks due to 737 Max uncertainty

Aviation Giant Boeing, SparkCognition To Form Blockchain Focused Joint Venture

Aviation giant Boeing and artificial intelligence (AI) firm SparkCognition have partnered to establish a new blockchain and AI focused company that will aim to enable the future of urban aerial mobility. Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. It also provides leasing and… Continue reading Aviation Giant Boeing, SparkCognition To Form Blockchain Focused Joint Venture

Boeing Eyes Blockchain Technology To Track Unmanned Air Vehicles

Boeing and SparkCognition want to bring air travel and package delivery into the future. Aviation giant Boeing announced a partnership with artificial intelligence (AI) company SparkCognition on July 17 to develop solutions for tracking unmanned aircraft. According to the release, the two entities will utilize AI and blockchain technology to track “autonomous air vehicles” while… Continue reading Boeing Eyes Blockchain Technology To Track Unmanned Air Vehicles

Blockchain Tracking System For Unmanned Aircraft Planned By Aviation Giant Boeing

Aviation giant Boeing is planning to use blockchain technology to track unmanned air vehicles. Boeing designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. It also provides leasing and product support services. Boeing is among the largest global aircraft manufacturers, and is the largest exporter in the United States by dollar value. Boeing… Continue reading Blockchain Tracking System For Unmanned Aircraft Planned By Aviation Giant Boeing