Singapore’s aviation regulator said on Monday it would approve the return to service of the Boeing Co 737 MAX more than two years after the plane was grounded, becoming the latest country in the Asia Pacific region to do so. The approval is based on operators including Singapore Airlines Ltd complying with airworthiness directives and…
Boeing Turns First Profit in Almost 2 Years, Shares Jump 5 Percent
Boeing Co on Wednesday posted its first quarterly profit in almost two years as revived domestic travel fueled 737 MAX deliveries, and shares rose 5 percent despite festering U.S.-China relations and depressed long-haul travel. The 737 MAX is integral to Boeing’s financial recovery. The U.S. planemaker is scrambling to recoup billions of dollars in lost…
Lurching From Crisis to Crisis, Boeing Delays 777X With Demand Hobbled
Boeing Co. took a hefty $6.5 billion charge on its all-new 777X jetliner as it posted a record annual loss on Wednesday due to the coronavirus pandemic and the aftermath of a two-year safety crisis over its 737 MAX. The results cap a tumultuous year for the world’s largest aerospace company during which the pandemic…
Boeing Will Pay $2.5 Billion to Settle Charge Over 737 MAX
Boeing will pay $2.5 billion to settle a Justice Department investigation and admit that employees misled regulators about the safety of its 737 MAX aircraft, which suffered two deadly crashes shortly after entering airline service. The government and the company said Thursday that the settlement includes money for the crash victims’ families, airline customers, and…
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