boeing

Boeing To Cut Staff, Output As Pandemic Batters Airlines

Boeing To Cut Staff, Output As Pandemic Batters Airlines

April 29, 2020 6:50 pm

Boeing announced sweeping cost-cutting measures Wednesday as it reported a first-quarter loss of $641 million after suffering a damaging hit to the airline business from the coronavirus pandemic.

The aerospace giant plans to reduce its workforce by 10 percent through voluntary and involuntary layoffs, Chief Executive David Calhoun said in a message to employees that accompanied an earnings release.

Boeing also will slash production of its main commercial planes, including the 787 and 777.

“The aviation industry will take years to return to the levels of traffic we saw just a few months ago,” Calhoun said. “We have to prepare …

Boeing To Compensate Turkish Airlines

January 3, 2020 8:51 am

Turkish Airlines has reached an agreement with Boeing over compensation for the financial impact relating to the grounding of the 737 Max. Flight Global reported that the carrier was intending to introduce 75 Max jets to its fleet, comprising 65 Max 8s and 10 of the larger Max 9. But while it has received 12 of the re-engined aircraft, deliveries had been held up by the worldwide grounding of the type in March.

Turkish Airlines has revealed that it, “came to an agreement” with Boeing concerning, “compensation for certain losses” caused by the grounding as well as the non-delivery of …

Boeing’s Starliner Returns Early From Failed Mission

December 20, 2019 3:59 pm

Boeing’s Starliner spacecraft won’t achieve its mission objective of docking with the International Space Station, NASA said Friday, dealing a blow to the agency’s plans to end US dependence on Russian rockets for astronaut taxi rides.

Officials said the autonomously flown capsule experienced a glitch involving its onboard clock that led it to burn too much propellant, forcing an early return to Earth on Sunday morning.

“We have made a final decision – Starliner will not dock with the @Space_Station and will return to White Sands on Sunday,” tweeted NASA Administrator Jim Bridenstine.

The failure of the mission, a …

Boeing Says To Halt 737 MAX Production Next Month

December 18, 2019 3:17 pm

Boeing said Monday it would temporarily suspend production of its globally grounded 737 MAX jets next month as safety regulators delay the aircraft’s return to the skies after two crashes.

The decision confirmed investor fears that the company’s recovery from the crisis is dragging on longer and creating more uncertainty for Boeing than executives anticipated.

Boeing’s travails since March have weighed on the US economy, holding down American manufacturing output, trade and sales of durable goods while damaging the company’s performance on Wall Street’s benchmark Dow Jones Industrial Average.

In a statement, the company said it would continue to pay …

Boeing

US Aviation Chief Says Boeing 737 MAX Won’t Be Re-Certified

December 11, 2019 4:10 pm

The top US air transport regulator on Wednesday doused Boeing’s hopes that its 737 MAX will return to the skies this year while lawmakers probed why the agency did not ground the plane after the first of two crashes.

In an interview just ahead of a congressional hearing on the crashes, Federal Aviation Administration chief Steve Dickson told CNBC the aircraft will not be cleared to fly before 2020.

The process for approving the MAX’s return to the skies still has 10 or 11 milestones left to complete, including a certification flight and a public comment period on pilot training …

Boeing Expects 737 MAX To Return To Service January

November 18, 2019 2:37 am

The US aircraft manufacturer, Boeing, has said while the Federal Aviation Administration (FAA) and international aviation regulators would determine the timing of certification and return to service of 737 Max, the company continues to target FAA certification of the updated flight control software by the end of this quarter.

Boeing, said it was possible that it could resume deliveries of the 737 MAX in December, subject to when the FAA issues an Airworthiness Directive for the aircraft.

Read Also: CAC Boss Urges Nigerians To Ensure Full Participation

Work on the final validation of the updated training requirements was also continuing, …

US Vice President Gives Deadline To Boeing, SpaceX

November 15, 2019 2:42 pm

United States Vice President Mike Pence has announced that Boeing and SpaceX, the private US aerospace companies contracted to provide NASA’s astronauts their ride to the International Space Station (ISS), would begin their Commercial Crew space transport operations within roughly four months.

The vice president made his announcement on Thursday at the same time that NASA’s Office of the Inspector General (OIG) released a damning report depicting a space agency willing to accept serious delays and to pay Boeing hundreds of millions of dollars for cost overruns.

Pence told a crowd of engineers and scientists working at NASA’s Ames Research

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Qantas Finds Cracks In Three Of Its Boeing 737 NG Planes

Qantas Finds Cracks In Three Of Its Boeing 737 NG Planes

November 1, 2019 7:46 am

Australian airline Qantas Airways Ltd has found structural cracks in three of its Boeing Co 737 NG planes after conducting earlier-than-required checks of its aircraft, as part of a global issue with the model.

“Of the 33 of Qantas’ 737 aircraft that required inspection, three were found to have a hairline crack in the pickle fork structure. These aircraft have been removed from service for repair,” Qantas said in a statement on Friday.

The “pickle fork” is the part that attaches the plane’s fuselage, or body, to the wing structure.

All three Qantas jets had approximately 27,000 take-off and landing

…
Boeing Design Flaw A Factor In Lion Air Crash: Indonesia

Boeing Design Flaw A Factor In Lion Air Crash: Indonesia

October 25, 2019 8:18 am

A design flaw, inadequate pilot training and poor flight crew performance contributed to a Boeing jet crashing in Indonesia last year, killing all 189 people on board, investigators said Friday.

The Lion Air disaster was followed months later by a second crash — involving the same model of aircraft — when an Ethiopian Airlines plane went down with 157 people aboard, leading to the global grounding of Boeing’s entire 737 MAX fleet.

The crashes had thrown a spotlight on the MAX model’s Manoeuvring Characteristics Augmentation System (MCAS), an automated anti-stall mechanism, that pilots in both plans had struggled to control …

American Airlines Earnings Rise Despite Boeing MAX Hit

American Airlines Earnings Rise Despite Boeing MAX Hit

October 24, 2019 10:38 am

American Airlines rode strong demand for flying in the travelling public to higher earnings Thursday despite mounting costs connected to the prolonged grounding of the Boeing 737 MAX.

Fuller flights amid a good consumer environment enabled American’s profits to soar 14.2 percent higher in third-quarter to $425 million. Revenues increased three percent to $11.9 billion.

Chief Executive Doug Parker said he was pleased with the earnings growth, but conceded that “our results should have been better.”

Parker cited the hit from the MAX grounding — in the wake of two tragic crashes — as well as ongoing operational challenges tied …

Boeing Ousts Head Of Commercial Plane Unit Amid MAX Crisis

Boeing Ousts Head Of Commercial Plane Unit Amid MAX Crisis

October 23, 2019 11:43 am
Boeing on Tuesday replaced the chief of its commercial plane division, the most significant executive departure since the 737 MAX grounding plunged the company into crisis seven months ago.

Kevin McAllister, head of Boeing Commercial Airplanes (BCA), will leave the company effective immediately, Boeing said on the eve of a key quarterly earnings announcement.

McAllister will be replaced by Stan Deal, who has been chief of Boeing Global Services.

The announcement comes as the MAX crisis appears to be deepening following disclosures last week of text messages between two Boeing pilots in 2016 that suggested the company was aware of

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Boeing 737 MAX Crisis Deepens, Hitting Shares

Boeing 737 MAX Crisis Deepens, Hitting Shares

October 21, 2019 4:06 pm

The pressure was mounting Monday on Boeing as newly-surfaced documents deepened doubts about the company’s ability to return a top-selling jet to service soon and amplified calls for a leadership shakeup.

Shares tumbled for the second day in a row after the Federal Aviation Administration on Friday sharply criticized Boeing for withholding key documents for months in probes following two crashes that killed 346 people.

The FAA rebuke added to the travails facing Boeing seven months after its top-selling jet was grounded, prompting Wall Street analysts to downgrade the company and raising speculation that it could be forced to temporarily …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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