US aerospace company Boeing said on Wednesday it expects the total cost of the 737 Max grounding to exceed $18 billion, more than double its previous estimate, following a year of intense scrutiny and industrial setbacks set off by twin fatal crashes of its flagship jetliner.
Boeing Co’s ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and pension benefits but will receive no severance pay in the wake of the 737 MAX crisis.
Development of China’s C919 single-aisle plane, already at least five years behind schedule, is going slower than expected, a dozen people familiar with the program told Reuters, as the state-owned Commercial Aircraft Corporation (COMAC) struggles with a range of technical issues that have severely restricted test flights.
Boeing Co documents under review by a US congressional panel appear to point to a ‘very disturbing’ picture of commentary from the planemaker's employees over the grounded 737 MAX aircraft, a congressional aide said.
Boeing safely landed its crew capsule in the New Mexico Desert after an aborted flight to the International Space Station (ISS) that threatened to derail the company’s effort to launch astronauts on behalf of NASA next year.
US aviation company Boeing may cut production of the grounded 737 Max jet or temporarily stop making it after being told that its timetable for a return to the skies was not realistic, according to a published report Sunday.
A design flaw, inadequate pilot training and poor flight crew performance contributed to a Boeing jet crashing in Indonesia last year, killing all 189 people on board, investigators said on Friday, in what some aviation analysts called a "damning" report.