FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo SINGAPORE (Reuters) – The air cargo market is unlikely to grow this year because of the challenges posed in the China market due Continue Reading
Boeing
Boeing settles more than half of Lion Air crash lawsuits: lawyer
CHICAGO (Reuters) – Boeing Co (BA.N) has settled more than half of some 118 claims related to the fatal crash of a Lion Air flight on a 737 MAX aircraft in October 2018, attorney Dan Webb said at a court hearing on Thursday. FILE PHOTO: Rescue workers load up recovered Continue Reading
Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakes
JAKARTA (Reuters) – Boeing (BA.N), acting without adequate oversight from U.S. regulators, failed to grasp risks in the design of cockpit software on its 737 MAX airliner, sowing the seeds for a Lion Air crash that also involved errors by airline workers and crew, Indonesian investigators found. FILE PHOTO: Lion Continue Reading
Boeing abandons 2019 outlook after 737 MAX groundings
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo (Reuters) – Boeing Co missed sharply-lowered Wall Street estimates for revenue and cashflow in the first quarter and suspended its 2019 outlook, Continue Reading
Boeing cuts 737 MAX output in wake of two deadly crashes
CHICAGO/SEATTLE (Reuters) – Boeing Co said on Friday it plans to cut its monthly 737 aircraft production by nearly 20 percent in the wake of two deadly crashes, signaling it does not expect aviation authorities to allow the plane back in the air anytime soon. FILE PHOTO: The Boeing logo Continue Reading
Europeans join wave of Boeing suspensions, Trump frets
ADDIS ABABA/PARIS (Reuters) – Major European nations Britain, Germany and France joined a wave of suspensions of Boeing 737 MAX aircraft on Tuesday as U.S. President Donald Trump fretted over modern airplane design following a crash in Ethiopia that killed 157 people. Suspension by respected European regulators was the worst Continue Reading