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...In 2021, Boeing admitted wrongdoing in two fatal crashes, but the department agreed to ask the court to dismiss the case in three years if the company paid $2.5bn and operated a compliance programme....
...Moody’s downgraded Boeing’s senior unsecured debt rating to one notch above junk with a negative outlook, citing “inadequate performance” of the company’s commercial planes business....
...But the first question is why America’s famous private sector model has fallen short at Boeing. The company maintains that in a few years’ time, annual free cash flow will reach $10bn....
...UK-listed stocks, all of which are growing faster than international brand name blue-chip companies listed on the London market....
...Regulators have given the company until the end of May to submit a plan to improve....
...Boeing is being investigated by aviation regulators and the US Department of Justice after a door panel violently detached from the fuselage of an Alaska Airlines jet in mid-flight in January....
...The company this week reported burning almost $4bn in cash in the first quarter....
...The airline said it was “focused on controlling what it can control” after Boeing said it would deliver only 20 of the 46 737 Max aircraft Southwest expected to receive this year, curtailing its growth plans...
...Boeing has slowed the pace of its assembly line in Renton, Washington as it deals with the aftermath of a midair blowout of a door panel on a commercial flight three months ago....
...The Chicago-based airline posted a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...The Chicago-based airline had a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...Sam Salehpour, a quality engineer at the company, said he was berated by a manager in response to repeatedly questioning the safety of the 777 and 787 aeroplanes....
...But Woods presided over the company’s second most profitable year. That is not the case at Boeing....
...The regulator has limited the number of 737 Maxes Boeing can build per month to 38 and given the company until the end of May to submit a plan to improve quality....
...The company said the claims were “inaccurate”. “Voluntary reporting without fear of reprisal is a critical component in aviation safety,” the Federal Aviation Administration told the Financial Times....
...Boeing also announced that Stan Deal, the head of its commercial airplane division, which has been at the centre of the recent crisis gripping the group, will retire and will be replaced by the company’s...
...The company is in a reputational crisis. This C-suite shake-up should be welcomed....
...The company has cut the rate at which it produces 737 Max planes as it seeks to resolve manufacturing flaws, resulting in delivery delays that have forced some airlines to amend their flight schedules....
...Yet, while it has made its own past strategic mis-steps, Airbus has avoided the quality and safety traps Boeing has fallen into. In response, the US company has not stood still....
...“To fix Boeing’s issues, the company needs a strong engineering lead as its head coupled to a governance model which prioritises safety and quality,” said Clark on Tuesday....
...This is a lucrative but often overlooked side business that should help to insulate the company against some of the aforementioned cyclical problems....
...He was awarded a potential $30mn in stock awards on top of his $1.4mn salary, the company said, lifting his total for the year above the $22.6mn he was paid in 2022. Read more here...
...Administration allows the company to boost production again....
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