Boeing's Losses In The BillionsBoeing said COVID-19 hurt demand for new planes.
US Moves One Step Closer To Letting The Boeing 737 Max FlyThe Federal Aviation Administration said Tuesday that “in the near future” it will issue a proposed safety directive for the plane. The agency gave no indication, however, of when it might lift its March 2019 order that grounded the plane.
American Airlines Threatens To Cancel Some Boeing 737 Max OrdersAmerican has orders for 76 Max jets, but wants Boeing to help arrange financing for 17 planes for which previous financing has or will soon expire.
Damning Watchdog Report Says Boeing Shielded Key 737 Max Details From FAABoeing shielded from federal regulators reviewing its 737 Max aircraft the extent and capability of the flawed computer system that ultimately brought down two jets, according to an inspector general report obtained by CNN.
FAA Authorizes Boeing To Begin Test Flights Of Grounded 737 Max PlanesBoeing has received clearance to begin test flights of its troubled 737 Max jet, a spokesperson for the Federal Aviation Administration said Sunday. The test flights of could begin as early as Monday.
FAA Orders Boeing To Fix Engine Covering Defect On Grounded 737 Max PlanesThe problem is not related to the flight-control system that pushed planes into nosedives before two deadly Max crashes. The crashes in Indonesia and Ethiopia killed 346 people.
Boeing Is Building The 737 Max Again, Even Though It Is Not Yet Approved To FlyThe company temporarily stopped building the plane in January, before the COVID-19 pandemic hit most of the world's airlines.
Boeing Slashes 12,000 Jobs As COVID-19 Seizes Travel IndustryA Boeing spokesperson said the actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months.
Boeing Goes Another Month Without A Single Airliner OrderThe COVID-19 outbreak has caused global air traffic to plummet and compounded a crisis at Boeing Co. that began with two fatal crashes and the grounding of its best-selling plane, the 737 Max.
Boeing To Cut 16,000 Jobs After Posting $1.7 Billion Loss In First Quarter"The demand for commercial airline travel has fallen off a cliff," said Boeing CEO Dave Calhoun. "The pandemic is also delivering a body blow to our business."
Boeing CEO Sees Long Road To Recovery From Coronavirus OutbreakBoeing's CEO said Monday that it will take years for the aircraft-building business to return to levels seen before the coronavirus pandemic, which has slowed air travel to a trickle and led airlines to park 2,800 jets.