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.
Boeing Co said on Friday it plans to cut its monthly 737 aircraft production by nearly 20 percent in the wake of two deadly crashes, signaling it does not expect aviation authorities to allow the plane back in the air anytime soon.
The crisis for US aviation company Boeing is growing as the European Union and Canada said they would seek their own guarantees over the safety of the 737 MAX following the two deadly crashes of the company’s flagship aircraft.
Flight recorder data recovered from the wreckage of Boeing 737 MAX planes that crashed in Ethiopia and Indonesia shows "clear similarities," Addis Ababa said Sunday as the US maker announced it was finalizing a software update for its under-fire anti-stall system.
The Ethiopian Airlines pilot whose jet crashed killing 157 people had reported flight-control problems, the company said on Wednesday, as it prepared to send the black boxes to Europe from a disaster that has rocked the global aviation industry.
NASA warned SpaceX and Boeing Co. of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the US bid to revive its human spaceflight program later this year.