Boeing Co unveiled $2.7 billion in charges and added costs across its aircraft portfolio on Wednesday, and expressed doubts over hitting jet delivery targets as technical problems, inflation and supplier risks cloud its path toward recovery. Shares of the U.S. planemaker fell to a nearly 1-1/2 year low after it posted a quarterly loss and…
Boeing Posts $1.2 Billion Loss in Q1, Worse Than Expected
Boeing said Wednesday that it lost $1.2 billion in the first quarter as it took large write-downs and lost money in both its civilian airplane and defense businesses. The loss was bigger than Wall Street had forecast, and the company’s quarterly revenue also fell short of expectations. Boeing burned through $3.2 billion in cash. “Messier…
Boeing’s Defense Head to Retire, Global Services Head to Take Over
Boeing Co. said on Monday the head of its big defense division, Leanne Caret, will retire after nearly 35 years with the aviation company. Caret, who is 55 years old, will be succeeded by Ted Colbert effective April 1. Caret oversaw development of the successful MQ-25 drone program and the U.S. Air Force’s new training…
China Plane Crash: Regime Controls Information While Locating Human Remains
China announced on March 24 that it had found human remains and wreckage of the plane that crashed with 132 people onboard. At the same time, the regime removed the reports with details about the victims, the airlines cutting maintenance costs, and possible reasons for the crash. On Thursday, rescue workers continued searching for possible…
China Plane Crash: Regime Censors Information Amid Search for Victims
China announced on March 24 that it had found human remains and wreckage of the plane that crashed with 132 people on board. At the same time, the regime removed the reports with details about the victims, the airlines cutting maintenance costs, and possible reasons for the crash. On Thursday, rescue workers continued searching for…
FAA Official Claims Former Boeing Chief Technical Pilot Misled Her About Max Changes to 737
A Federal Aviation Administration official has claimed that a former Boeing chief test pilot misled her about changes to the company’s Boeing 737 Max software which were later connected to two deadly crashes in 2018 and 2019. Stacey Klein, an FAA training specialist, was in charge of determining what training pilots needed for the Max during its development, and as…
Chinese Boeing 737’s Fatal Nosedive Caught on Video
A local security camera has captured the terrifying last moment as a Chinese passenger plane dived almost vertically into a mountainous area of southern China. The Boeing 737-800 operated by China Eastern Airlines crashed on Monday with 132 people on board. It was the worst air crash in China in over a decade. Data from…
Boeing Shares Plummet After 737 Crashes in Southern China
Shares of The Boeing Company fell by as much as 9 percent in pre-trading on Monday, after representatives from China Eastern Airlines confirmed that one Boeing aircraft had crashed in the mountains of southern China. The crash, which occurred on Monday in China’s mountainous Guangxi region, occurred when the aircraft quickly descended from over 29,000…
‘Ghost Bat’: Australia Makes First Combat Aircraft in 50 Years
The first combat aircraft manufactured in Australia in over 50 years will be the Boeing MQ-28A “Ghost Bat” in homage to a carnivorous bat species native to Australia known to hunt in packs. It will also be Boeing’s first aircraft made in Australia at its brand new facility in Queensland, the only Boeing manufacturing facility…
US FAA Finalizes Boeing 777 Safety Directives After Fan Blade Failures
WASHINGTON—The Federal Aviation Administration (FAA) said on Wednesday it is finalizing three safety directives for some grounded Boeing 777 planes with Pratt & Whitney 4000 engines that will allow them to return to service. The new final airworthiness directives cover Boeing 777s like a United Airlines 777 that failed shortly after takeoff from Denver in…
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