Tag Archives: Boeing
Boeing CEO says 737 MAX software update working as designed
Boeing Co’s chief executive said on Thursday that a software update designed to prevent disasters like two recent fatal crashes involving its 737 MAX is working, with about two-thirds of the fast-selling jetliner’s customers having seen the fix in simulator sessions. In his first public speech since an Ethiopian Airlines 737 MAX crash that killed all 157 aboard on March 10, Boeing CEO Dennis Muilenburg said additional tests are expected in the coming weeks as the planemaker works to regain the confidence of its customers and the flying public. Boeing, fighting its biggest crisis in years, has been developing an upgrade to software that is under scrutiny in the Ethiopian Airlines accident and a Lion Air 737 MAX crash that killed all 189 on board on Oct. 29.
Boeing to meet with US airlines over 737 MAX
The US Federal Aviation Administration (FAA) announced Thursday it would meet with American commercial airlines that use the Boeing 737 MAX, which has been grounded worldwide since mid-March following two accidents that killed 346 people. The meeting, scheduled to take place on Friday in Washington, comes as Boeing faces intense scrutiny after 157 people died in an Ethiopian Airlines 737 MAX crash on March 10 — the second deadly crash involving the aircraft in five months. Security representatives from American Airlines, Southwest and United will be at the meeting, as well as representatives from their pilot unions.
Boeing orders and deliveries tumble as Max jet is grounded
DALLAS (AP) — Boeing failed to win any orders for its 737 Max airliner in March as scrutiny of the plane increased following a second deadly crash in less than five months.
Boeing shares slump as 737 earnings hit is weighed
Boeing shares slumped Monday on the company’s weakened profit outlook after it announced last week it would cut production of 737 planes following two deadly crashes. Shares finished down 4.4 percent at $ 374.52, weighing on the Dow in the first session since Boeing announced late Friday it would trim production to 42 planes per month, down from 52 per month. Several analysts downgraded profit estimates, releasing notes that expressed a variety of views on the seriousness of the crisis for Boeing.
Boeing shares slump as 737 earnings hit is weighed
Boeing shares slumped Monday on the company’s weakened profit outlook after it announced last week it would cut production of 737 planes following two deadly crashes. Shares finished down 4.4 percent at $ 374.52, weighing on the Dow in the first session since Boeing announced late Friday it would trim production to 42 planes per month, down from 52 per month. Several analysts downgraded profit estimates, releasing notes that expressed a variety of views on the seriousness of the crisis for Boeing.
The Latest: Boeing to cut production rate of 737 Max jet
DALLAS (AP) — The Latest on Boeing's ongoing issues with the troubled 737 Max (all times local):
Report on Ethiopian crash ratchets up pressure on Boeing
NEW YORK (AP) — A preliminary report released Thursday on the Ethiopian Airlines crash last month found that pilots followed all recommended procedures issued by Boeing, ratcheting up pressure on the plane maker that critics say has put profits before safety.
Boeing faces liabilities as CEO Dennis Muilenburg acknowledges 'apparent' 737 Max problem
Boeing CEO's acknowledgment that a new maneuvering system contributed to two fatal 737 Max crashes could leave company exposed to financial liability.
American Airlines CEO talks about Boeing 737 Max 8, possible cancellations
Boeing cutting production rate of troubled 737 Max jet
Boeing will cut production of its troubled 737 Max airliner this month, underscoring the growing financial risk it faces the longer that its best-selling plane remains grounded after two deadly crashes.
