By Dominic Gates From The Seattle Times Boeing announced Wednesday the appointment of a new chief financial officer, Brian West, a former CFO at GE Aviation. And Stayce Harris, a retired U.S. Air Force Reserve lieutenant general and former 747 captain with United Airlines, will join Boeing’s board. Effective at the end of August, West…
Boeing Names New CFO, Elects Former Pilot and Air Force Lieutenant General to the Board
United Airlines Places Biggest Ever Jet Order in Push for Growth
United Airlines confirmed its largest-ever order for Boeing and Airbus jets on Tuesday, lining up 270 planes in a push for post-pandemic growth with bigger jets for domestic flying. The order for 200 Boeing 737 MAX and 70 Airbus A321neo jets, worth $30 billion at list prices, will boost United’s seating capacity across it domestic…
Boeing 777X ‘Realistically’ Will Not Win Certification Approval Before Mid-2023: FAA
The Federal Aviation Administration (FAA) has told Boeing Co that its planned 777X is not yet ready for a significant certification step and warned it “realistically” will not certify the airplane until mid- to late 2023. The FAA in a May 13 letter to Boeing seen by Reuters cited a number of issues in rejecting…
Boeing’s Newest Version of the 737 Max Makes First Flight
SEATTLE—Boeing’s newest version of the 737 Max jetliner completed its first test flight Friday in a move that the company hopes will signal improving fortunes for its most important plane. A few hundred employees watched the plane take off from Renton, Washington. As is typical for a first test flight of a new plane, the…
US and EU Reach Deal to End 17-Year Boeing-Airbus Trade Dispute
U.S. President Joe Biden agreed with European Union (EU) leaders on Tuesday to end a trade dispute over aircraft subsidies by suspending tariffs to Boeing and Airbus, officials said.
State Department Approves Potential $3.5 Billion Helicopter Sale to Australia: Pentagon
June 3, 2021
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WASHINGTON—The U.S. State Department has approved the potential sale of 29 Boeing Co AH-64E Apache attack helicopters to Australia in a deal valued at up to $3.5 billion, the Pentagon said on Thursday. The sale is one of a string of Australian purchases in April that included 12 MQ-9B drones and related equipment for about…
US Requires Inspections for Wire Failure on Boeing 737 Classic Planes
WASHINGTON—The Federal Aviation Administration (FAA) said on Friday it was requiring U.S. operators of 143 Boeing Co 737 Classic series airplanes to check for possible wire failures stemming from an investigation into an Indonesia crash in January. The 737 Classic is an older generation of planes more than two decades old. The FAA said the…
Boeing Says It Fired 65 Employees for Racist, Discriminatory Conduct
Boeing Co said on Friday it fired 65 employees over the last year for engaging in or being part of racist, discriminatory or hateful conduct.
Boeing Posts $537 Million Loss in Q1, Less Than a Year Ago
Boeing Co. reported a wider than expected first-quarter loss on Wednesday, although revenue met Wall Street forecasts as the company generated cash by delivering more new airliners than it did a year ago. Boeing lost $561 million—or $537 million after accounting for a loss attributable to a noncontrolling interest—as the COVID-19 pandemic continued to hurt…
NTD Business Full Broadcast (April 28)
President Biden getting ready to address Congress tonight. He’s expected to announce a new multi-trillion dollar package. What’s in it and how does he plan to pay for it? Boeing posts another quarterly loss, although it’s smaller than before. Now the company faces another problem. Big news for blockchain. A major bank is going to…
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