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.
Boeing Co. delivered 38% fewer planes in the first seven months of 2019 than the same period a year earlier, as the grounding and doubts around the future of its best-selling 737 MAX jets hurt operations.
Boeing reported its biggest loss ever on Wednesday as the 737 MAX crisis drags on, and the company warned it could be forced to temporarily halt production of the plane if the grounding is extended much longer.
Boeing Co. reported a nearly $3 billion quarterly loss on Wednesday, its largest in a decade, as the world’s largest planemaker struggles with the prolonged grounding of its best-selling 737 MAX jet, sending its shares down slightly in premarket trading.
Boeing suffered a fresh setback on the opening of the Paris Airshow on Monday as its engine supplier announced a delay for the US planemaker’s all-new 777X jet while Airbus launched a rival plane aimed at the middle of the market.
Families of victims in the Indonesia Lion Air crash hit out at Boeing Monday over its admission that engineers had identified a safety system glitch well before the fatal accident, in the latest knock to the aircraft maker's reputation.
A decision by US aviation giant Boeing to cut production of its 737 aircraft has hit the shares of the company and its suppliers in US pre-market trading, as the company continues to grapple with a crisis following two deadly crashes in less than five months.