The Wrap-Up: Boeing to adjust plane design to avoid Alaska Air repeat CNBC's Frank Holland discusses the top market stories for the day. Wed, Aug 7 20247:12 AM EDT watch now watch now VIDEO02:19 DOJ charges former senior Fed official with conspiracy to commit economic espionage ...
In January,Alaska Airlinescanceled all flights on Boeing 737-9 Max aircraft through Jan. 13 after a midair blowout left a gaping hole in the plane and forced an emergency landing in Portland, Oregon, as startled passengers clutched oxygen masks. Boeing's alleged insidertold Cit...
In January, Alaska Airlines flight 1282 nearly fell out of the sky when it lost a door plug at an altitude of more than 10,000ft, leading to rapid decompression of the main cabin of the plane. Although no one was killed, the incident happened after two similar Boeing-manufactured737 Max ...
One of the things about aviation is that it’s always big news when something happens. After high-profile incidents with a certain plane, airline or manufacturer, anything that would be the aviation equivalent of a minor fender-bender or having your car reversed into in a parking lot is a ...
Spirit AeroSystems, a major contractor on the 737 MAX, will furlough staff after being directed by Boeing to pause work on the embattled plane, Spirit announced late Wednesday.
Los Angeles International Airport after the Boeing 777 plane lost a tireshortly after takeoff. Meanwhile, anunspecified "maintenance issue"forcedanotherUnited Airlines flight traveling from Australia to San Francisco to return to Sydney Kingsford Smith Airport on Monday. That plane was a Boeing 777-...
Boeing and the Justice Department declined to comment on the plea deal. Boeing entered into the deferred prosecution agreement, an arrangement that allows companies to avoid prosecution if they meet certain terms, in 2021 after it faced a criminal conspiracy charge over two deadly 737 Max crashes....
U.S., EU Agree to End Plane Subsidies; Boeing, Airbus to Avoid WTO
[73] Around 80% of the 737 production costs involve payments to parts suppliers, which may be as low as US$10 million per plane.[74] After the announcement, Moody's cut Boeing's debt ratings in December, citing the rising costs due to the grounding and the production halt including ...
While such contracts can be profitable, they are vulnerable to inflation. Boeing has said it will shift away from fixed-price contracts to stem losses, which totaled $1.76 billion last year, Reuters reported. In the short term, Boeing CFO Brian West said in May that the planemaker will cont...