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Boeing seeks to exit crisis mode as it reports results
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Pentagon refuses Boeing tanker deliveries over quality issues
More bad news for US aviation giant Boeing: the US Air Force said Tuesday it had halted for a second time the acceptance of new KC-46 tankers due to ongoing quality issues. Air Force Secretary Heather Wilson revealed the March 23 decision -- another setback in the already delayed air tanker program -- during a budget hearing in Congress. 'The Air Force again halted acceptance of new KC-46 tanker aircraft as we continue to work with Boeing to ensure that every aircraft delivered meets the highest quality and safety standards,' Wilson told the panel.
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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.
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Boeing says suffering $1 bn hit from 737 MAX crisis
Aviation giant Boeing has suffered a $1 billion hit to its bottom line amid the crisis over its 737 MAX aircraft, grounded worldwide after two deadly crashes, the company said Wednesday. In its first quarterly earnings report since entering crisis mode, Boeing also withdrew its 2019 profit forecast due to continued uncertainty about when the grounded jets will return to the skies. Boeing has been under scrutiny since the March 10 crash of an Ethiopian Airlines jet, which along with an October Lion Air crash, claimed 346 lives.
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Boeing puts cost of 737 MAX crisis at $1 bn
Boeing said Wednesday that its 737 MAX crisis had cost $1 billion in the first quarter as it withdrew its 2019 profit forecast on continued uncertainty about when the grounded jets will fly again after two deadly crashes. The US aerospace giant also cited spending on the software fix and related training, according to an earnings presentation released Wednesday that listed the $1 billion in 737 program costs. The results are the first since the company entered crisis mode with the March 10 crash of an Ethiopian Airlines jet, which along with an October Lion Air crash claimed 346 lives.
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FAA sets multi-nation review of Boeing's troubled Max planes
The US Federal Aviation Administration is planning what it calls a comprehensive multi-nation review of the control systems of the Boeing 737 Max airliner to include experts from nine civil aviation authorities. The review will 'evaluate aspects of the 737 Max automated flight-control system, including its design and pilots' interaction with the system, to determine its compliance with all applicable regulations and to identify future enhancements that might be needed,' the agency said. Boeing Max planes -- the aerospace firm's all-time best-seller -- have been grounded worldwide since then, while engineers and investigators seek the exact causes of the crashes.
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Boeing under pressure amid canceled flights, Trump tweets
Boeing faces a wave of flight cancelations by US airlines and pressure from President Donald Trump to rebrand its top-selling 737 MAX aircraft, a month after the plane was grounded worldwide in the wake of deadly crashes. American and Southwest Airlines say the grounding will disrupt scheduled flights through the summer, during the peak travel season which helps generate corporate profits. American is canceling all 737 MAX flights through August 19 while Southwest, which owns the largest 737 MAX fleet, with 34 planes, is canceling them until August 5.
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Boeing seeks to exit crisis mode as it reports results
Under growing scrutiny from investors and regulators, embattled US aerospace giant Boeing will have a chance this week to reset the narrative as it aims to pivot from two deadly crashes that have grounded a top-selling plane. The company will report earnings on Wednesday for the first time since a deadly March 10 plane crash plunged the company into crisis-mode. Then, on April 29, the company will face its shareholders at an annual meeting that includes challenges to the company on leadership structure and government lobbying disclosure.
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