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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....
...Boeing has faced growing frustration from its airline customers, after the company was forced to slow production of the 737 Max as it sought to resolve manufacturing flaws....
...After Singapore, the company headed to Vietnam, Laos, Cambodia, Malaysia and Indonesia....
...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...
...But Woods presided over the company’s second most profitable year. That is not the case at Boeing....
...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....
...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....
...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 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....
...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....
...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....
...Boeing said on Monday that its chair Larry Kellner would also leave the board after the company’s annual shareholders’ meeting in May....
...the company said....
...This is a lucrative but often overlooked side business that should help to insulate the company against some of the aforementioned cyclical problems....
...This is all the more true because the Boeing mess represents a recognisable type of investing challenge: the strong company fallen low....
...The FAA — which examines whether Boeing is building planes that conform to the design and manufacturing process approved by the agency — said its audit has found problems with the company’s “manufacturing...
...The company’s enterprise value is now $7bn, with a net debt balance of $3bn and more than $300mn of annual interest expense....
...company” with “my, and our, deepest gratitude” for his contributions to the company over nearly two decades....
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