BEIJING—China’s aviation regulator cleared the Boeing 737 Max on Thursday to return to flight, with technical upgrades, more than two years after the plane was grounded worldwide following two fatal crashes. China is the last major market where the Boeing 737 Max was awaiting approval after the United States allowed flights to resume in December…
China Clears Boeing 737 Max to Fly Again
December 4, 2021
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S&P 500, Dow Surge Over 1 Percent on Boost From Financials, Boeing
December 2, 2021
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The Dow and the S&P 500 rebounded on Thursday, boosted by financial shares and Boeing in a week so far marked by wild swings on rising angst about the spread of the new Omicron coronavirus variant globally. Boeing Co. jumped 5.7 percent after China’s aviation authority issued an airworthiness directive on the 737 MAX that…
Boeing Lifts Dow at Open After Omicron-Led Selloff
December 2, 2021
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The Dow opened higher on Thursday, led by gains in planemaker Boeing, although increasing cases of the new Omicron coronavirus variant across the world continued to drive volatility in markets. The Dow Jones Industrial Average rose 54.21 points, or 0.16 percent, at the open to 34,076.25. The S&P 500 opened lower by 8.31 points, or…
Canada Kicks Boeing From Jet Competition, Narrows Search to F 35 and Swedish Gripen
OTTAWA—Canada has officially narrowed its decade−long hunt for a new fighter jet to two choices as the federal government confirmed U.S. aerospace giant Boeing’s Super Hornet is out of the running to replace the military’s aging CF−18s. The announcement from Public Services and Procurement Canada came nearly a week after The Canadian Press reported the…
South Korea to Allow Operation of Boeing 737 MAX Aircraft From Nov. 22
SEOUL—South Korea’s transport ministry said on Friday it will allow the operation of Boeing 737 MAX aircraft starting Nov. 22 after two deadly crashes in Indonesia and Ethiopia led to the plane’s grounding in March 2019. The Ministry of Land, Infrastructure, and Transport said in a statement that it had decided to allow the resumption…
Airbus Strikes 2nd Major Aircraft Deal of Dubai Air Show
DUBAI, United Arab Emirates—Airbus clinched a major deal on Monday valued into the billions of dollars to sell 111 new aircraft to the Air Lease Corporation, its second blockbuster order at the Dubai Air Show. Air Lease, the Los Angeles-based jet financing and leasing company, added to its expanding fleet with 25 A220-300s, 55 A321neos,…
Boeing Directors Agree to $237.5 Million Settlement Over 737 MAX Safety Oversight
November 6, 2021
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WASHINGTON/SEATTLE—Boeing Co. current and former company directors have reached a $237.5 million proposed settlement with shareholders to settle a lawsuit over the board’s safety oversight of the 737 MAX aircraft, documents released on Friday show. Following two fatal 737 MAX crashes in the space of five months in 2018–19 that killed 346 people, Boeing’s best…
‘Bear of the Pyrenees’, Former Airbus CEO Jean Pierson Dies
PARIS—Jean Pierson, the “Bear of the Pyrenees” who propelled planemaker Airbus onto the global stage and began its transformation from a loose consortium into a European giant, has died, former colleagues said on Thursday. Pierson died on Wednesday aged 80 in France, they said. The Frenchman was Airbus’ longest-serving chief executive, between 1985 and 1998,…
Ryanair Says Boeing Set ‘Delusionary’ Double-Digit Price Rise
DUBLIN—Ryanair on Monday said that Boeing was “delusionary” for imposing a double-digit price increase for an order for the 737 MAX 10 during talks earlier this year. Europe’s largest low-cost carrier in September abruptly ended talks with the U.S. planemaker over an order of 737 MAX 10 jets, worth tens of billions of dollars because…
Norwegian Air to Lease 13 Boeing Planes
OSLO—Budget carrier Norwegian Air has agreed to lease up to 13 Boeing aircraft in anticipation of higher demand for travel next summer, it said on Wednesday. The lease concerns Boeing’s 737-800 NG aircraft, with delivery to begin in the fourth quarter of this year and through the first quarter of next year. Norwegian Air did…
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