Struggling Norwegian Air Shuttle ASA said it has notified Boeing Co. that it will cancel a deal to buy nearly 100 remaining planes, and is suing over losses related to the grounding of the 737-Max and 787 engine issues. In a statement on the company’s NAS, +2.71% website late Monday,Read More →
© Reuters. The spread of the coronavirus disease (COVID-19) in New York By Shreyashi Sanyal and Devik Jain (Reuters) – A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country. BoeingRead More →
Bill Boeing would be rolling over in his grave. So would Wong Tsu. The co-founder of the Boeing Company and his very first engineer understood, back in 1916, that you had to do a lot of shakedown flights to get everything right. The best company test pilots do that stillRead More →
© Reuters. MTU Aero expects Boeing to offer two engines for 737 successor FRANKFURT (Reuters) – German aircraft engine maker MTU Aero Engines (DE:) expects Boeing (N:) to offer two jet engines for the successor model to its 737 plane, its chief executive told a weekly paper, adding this couldRead More →
© Reuters. By Kim Khan Investing.com- The Jones ended the session in the red Friday, although off its lows, and it was helped in a big way by Boeing (NYSE:). Shares of Boeing (NYSE:) rose $5.26, or 1.7%, to $323.05. The rise of more than $5 is significant as, unlikeRead More →
Intel Corp.’s 2020 forecast will determine how its stock swings on Thursday, but what are the chances that outlook actually stays the same for more than a quarter? Intel INTC, +3.60% investors suffered a choppy ride last year, after the chip maker set its forecast at the start of 2019,Read More →
© Reuters. A Boeing 737 Max aircraft taxis the runway at the Renton Municipal Airport in Renton By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO (Reuters) – Boeing Co (N:) said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-yearRead More →
By David Shepardson WASHINGTON (Reuters) – Boeing Co (N:) is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday. CNBC first reported the news on Monday, citing sourcesRead More →
© Reuters. FILE PHOTO: An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake By Isla Binnie MADRID (Reuters) – Ryanair (I:) could receive its first deliveries of up to 10 grounded 737 MAX aircraft from Boeing (N:) by April,Read More →
A grounded 737 Max (photo credit: Lindsey Wasson/NY Times) “Designed By Clowns… Supervised By Monkeys” One of the more explosive comments in the internal emails released by Boeing (BA) on Friday was this claim about the 737 Max: This airplane is designed by clowns who in turn are supervised byRead More →
© Reuters. Investing.com – Wall Street is set to push start higher again Friday, continuing the recent relief rally following the ratcheting down of tensions in the Middle East and the news that the trade deal between the U.S. and China could be signed next week. Investors will be lookingRead More →
Newly released internal emails from Boeing Co. paint a disturbing picture of its 737 Max program, with employees bragging about fooling FAA regulators and ridiculing its safety. The emails were part of more than 100 pages of documents sent Thursday by Boeing BA, +1.50% to House and Senate committeesRead More →
U.S. stocks recovered from overnight losses to touch new records midday Wednesday, after remarks by President Trump suggested the U.S. and Iran were refraining from further military action in the aftermath of attacks on U.S. bases overnight in retaliation for last week’s killing of Maj. Gen. Qassem Soleimani by AmericanRead More →
By David Shepardson WASHINGTON (Reuters) – Boeing Co (N:) and the Federal Aviation Administration (FAA) confirmed on Sunday they are reviewing a wiring issue that could potentially cause a short circuit on the grounded 737 MAX. Boeing spokesman Gordon Johndroe said Sunday the U.S. planemaker “identified this issue as partRead More →
© Reuters. FILE PHOTO: An Airbus A350 takes off at the aircraft builder’s headquarters in Colomiers near Toulouse By Tim Hepher PARIS (Reuters) – Airbus has become the world’s largest planemaker for the first time since 2011 after delivering a forecast-beating 863 aircraft in 2019, seizing the crown from embattledRead More →
© Reuters. FILE PHOTO: A Turkish Airlines counter is pictured at the departure terminal of the Istanbul International Airport in Istanbul ISTANBUL (Reuters) – Turkish Airlines has agreed a compensation deal with planemaker Boeing (NYSE:) Co over the grounding of the Boeing 737 MAX following two fatal crashes, the carrierRead More →
© Reuters. An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton (Reuters) – Boeing Co (N:) said on Thursday Michael Luttig, who was appointed senior adviser to the planemaker’s board amid the 737 MAX crisis in May, will retire at theRead More →
If you think the worst is over for Boeing since the board jettisoned the CEO, think again. Logically, you don’t drop the person in charge when progress is being made. Rather, you let them go when it becomes clear they are part of the problem, not the solution. Now thatRead More →
© Reuters. David Calhoun is congratulated after his company’s IPO opened on the floor of the New York Stock Exchange By Allison Lampert, Kenneth Li and Tim Hepher (Reuters) – Beleaguered Boeing Co (N:) is putting its future in the hands of a turnaround veteran who has led several companiesRead More →
Boeing Will get the Max behind it now, and it will power the Dow towards 30K Boeing was still my “Trade of the Day” for me when the bad news happened last week. Like every trader I had regrets. “Why didn’t I sell it, I had profits, that’s what happensRead More →
© Reuters. FILE PHOTO: Boeing CEO Muilenburg testifies before Senate Commerce, Science and Transportation hearing on grounded 737 MAX on Capitol Hill in Washington By Ankit Ajmera and Tim Hepher (Reuters) – Boeing Co (N:) has fired its Chief Executive Dennis Muilenburg, seeking to restore confidence after two fatal crashesRead More →
The lead editorial in the Financial Times reads “Boeing Needs to Transform the Way It Operates.” The leadership failure at Boeing Co. (NYSE: BA) first impacted people that flew on the airline, it has impacted thousands of staff and suppliers, and it is on the way toward impacting the wholeRead More →
ISTANBUL (Reuters) – Turkish Airlines (IS:) is preparing to open a court case against Boeing Co (N:) due to uncertainty regarding the plane manufacturer’s 737 MAX jetliner, Demiroren news agency said on Thursday evening. The 737 MAX has been grounded since March after two crashes in Indonesia and Ethiopia killedRead More →
By Uday Sampath Kumar (Reuters) – U.S. stock index futures dipped on Tuesday, a day after Wall Street closed at all-time highs, while Boeing was set for its fourth straight session of losses as the planemaker said it would suspend production of its 737 MAX jet in January. Boeing (N:)Read More →
© Reuters. Investing.com – Boeing (NYSE:) will halt production of its currently grounded 737 Max jetliner for January, the Wall Street Journal reported Monday, citing a person briefed on the matter. The aerospace giant had continued to assemble about 40 of the jets per month while waiting for regulatory approvalRead More →
