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 [...]
Boeing chief executive accused of lying as senators grill him on 737 Max crashes October 29, 2019 Boeing chief executive Dennis Muilenburg faced accusations of lying this afternoon during a bruising hearing on how his company certified its 737 Max jet to fly, after two crashes in the last year killed 346 people. Muilenburg, who was last month stripped of the dual role of chief executive and chairman, has spent much of [...]
Boeing boss to tell senators in 737 Max hearing: ‘We made mistakes’ October 29, 2019 Boeing chief executive Dennis Muilenburg will face a grilling from US senators this afternoon over how his company certified its 737 Max jet to fly, after two crashes in the last year killed 346 people. Muilenburg, who was last month stripped of the dual role of chief executive and chairman, has spent much of this [...]
‘Series of failures’ caused Boeing’s 737 Max Lion Air crash October 25, 2019 A series of failures is to blame for the fatal crash of a Lion Air Boeing 737 Max jet last October, in a tragedy that killed 189 people, according to a official report. Indonesia’s National Transportation Safety Committee said mistakes by Boeing, Lion Air and pilots led to the plane crash. Read more: Design flaws [...]
Boeing ‘regrets’ leaked 737 Max Whatsapp messages October 21, 2019 Boeing has said it understands the clamour over leaked messages from a former test pilot over erratic software behavior on its 737 Max jet two years before recent crashes. US regulator the Federal Aviation Administration (FAA) on Friday ordered Boeing chief executive Dennis Muilenburg to give an “immediate” explanation for the delay in turning over [...]
Boeing employees exchanged texts over 737 Max safety issues in 2016 October 19, 2019 Employees of Boeing exchanged messages about the issues with the 737 Max’s automated safety system as it was being certified in 2016, new information has revealed. A pilot said he had run into unexpected trouble during the tests, it was revealed in documents provided to lawmakers. He said that unknowingly he had “basically lied to [...]
WTO gives green light for US to impose tariffs on $7.5bn EU imports October 14, 2019 The World Trade Organisation (WTO) has formally given the nod to the US to impose tariffs on up to $7.5bn of imports of EU goods, after an arbitrator’s decision over subsidies to plane maker Airbus. The WTO’s dispute resolution body, made up of delegates from its 164 members, cleared Washington to hit back against the [...]
Boeing’s £3.8bn deal with Embraer ‘to be investigated by EU competition watchdog’ September 23, 2019 Boeing is facing an investigation by EU antitrust regulators into its bid for a controlling stake in the commercial aircraft arm of Brazilian firm Embraer. The deal, which marks the biggest shift in commercial aerospace in decades, would reinforce Western plane makers’ market positions against newcomers from China, Russia or Japan. I would give Boeing [...]
Ryanair expects to see Boeing 737 Max crash jet back in UK skies by March next year September 19, 2019 Ryanair expects the grounded Boeing 737 Max jet will be back in Britain’s skies by the beginning of March 2020, despite misgivings about such a timetable in Europe. At the budget flyer’s annual shareholder meeting, chief executive Michael O’Leary has told shareholders he expects the jet, which was grounded in March this year after the [...]