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...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....
...Goldman Sachs’ global treasurer, Philip Berlinski, is leaving the bank after 24 years for New York-based hedge fund Millennium Management, according to two people familiar with the situation....
...They’ve got to get their manufacturing processes under review so there are no corners cut etc....
Delivery delays tied to 737 Max safety concerns hit carriers ahead of summer travel season
...Ryanair had expected to receive 57 737 Max-8 aircraft by June to deploy over the peak summer months but has been regularly revising down its estimates as manufacturing issues have gripped Boeing....
...“At the least, we would expect a new Boeing CEO with some experience in aerospace [and] manufacturing,” he added....
...The door panel incident has renewed scrutiny over the quality of Boeing’s safety culture and manufacturing control....
...Ryanair boss Michael O’Leary has called on Boeing to improve quality control, warning his airline’s profits will fall and fares will rise because of manufacturing issues plaguing the US group and its rival...
...Calhoun has made public promises on safety and manufacturing before; if he is unable to deliver quickly this time he may not get another chance....
...But investigations continue into the manufacturing processes at Boeing and its supplier Spirit AeroSystems, which builds the Max fuselages....
...Boeing needed to take action to address its manufacturing problems, he added, and “it needs to be real action”....
...Ryanair has offered to step in and pick up more Boeing 737 Max aircraft if any US airlines cancel their orders amid deepening manufacturing problems at the plane maker....
...Ryanair has doubled the number of its engineers overseeing Boeing’s production lines following the manufacturing problems that have plagued the US plane maker....
...The cost of renting the newest aircraft has surpassed pre-pandemic levels as airlines struggle to balance demand for travel with persistent shortages and manufacturing delays....
...Boeing said it would “co-operate fully and transparently with the FAA and the NTSB on their investigations”....
...Additional reporting by Philip Georgiadis This article has been updated to clarify the fault in the 737 Max 8...
...markets closed UK: Zoopla monthly House Price Index Results: Beazley Q1 trading update, Domino’s Pizza Q1, Lottomatica Q1, NXP Semiconductors Q1, ON Semiconductor Q1, Oxford BioMedica FY, Paramount Q1, Philips...
...Other speakers include ECB executive board members Philip Lane and Isabel Schnabel, and Bank of Spain governor Pablo Hernández de Cos Results: BioNTech Q4, Computacenter FY, General Mills Q3, Investec pre-close...
...And here’s what I’m keeping tabs on today: Economic data: The Institute for Supply Management will release its monthly US manufacturing survey while S&P Global publishes its Mexico manufacturing survey....
...Mark Sorrell, the London-based co-head of mergers and acquisitions, and Gonzalo Garcia, co-head of European investment banking, would be the latest high profile departures under Solomon....
...Music always plays a big part during the day “from traditional carols to Mariah Carey’s Christmas concert” but Christmas never really begins until The King’s Speech. “I never miss it,” says Machin....
...Wright co-founded Manchester-based private equity firm NorthEdge Capital and is currently attempting another turnaround at nearby Accrol Group....
...Bank vice-president Luis de Guindos speaking at the Investment Outlook conference, organised by Citi Private Bank, in Madrid UK: Zoopla House Price index, plus ICAEW Business Confidence Monitor Results: Philips...
...Q1, Delivery Hero Q1 trading update, Deutsche Bank Q1, Dow Q1, Drax Group AGM and trading update, Inchcape Q1, Intel Q1, London Stock Exchange Group AGM and Q1 trading statement (revenues only), Merck & Co...
...My colleagues report on the effort to make manufacturing replace infrastructure and real estate as the country’s engine of growth. Commuting is back — but not as we knew it!...
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