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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....
...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....
...“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....
...Boeing said on Monday that its chair Larry Kellner would also leave the board after the company’s annual shareholders’ meeting in May....
...Administration allows the company to boost production again....
...There are plenty of companies — and people — trying to find a path back at the moment. 1) The biggest fightback of them all is required from Boeing....
...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....
...This is all the more true because the Boeing mess represents a recognisable type of investing challenge: the strong company fallen low....
...The shortcomings in Boeing’s 737 Max aircraft programme have been hugely damaging to the company....
...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...
...company” with “my, and our, deepest gratitude” for his contributions to the company over nearly two decades....
...The company’s enterprise value is now $7bn, with a net debt balance of $3bn and more than $300mn of annual interest expense....
...The bolts were not put back in place. Boeing chief executive Dave Calhoun acknowledged in January that the company had made a mistake....
...Boeing has said it expects the US Federal Aviation Administration to certify the Max 10 this year....
...“We are committed to our trade controls obligations, and we look forward to working with the state department under the agreement announced today,” the company said....
...O’Leary, whose growth ambitions for Ryanair are reliant on Boeing aircraft, has been consistently supportive of the company’s top executives despite the production problems....
...For the year, Boeing’s free cash flow will be in the “single-digit billions of dollars,” West said. The company reported $4.4bn of free cash flow in fiscal 2023....
...While the company has “initiated efforts and established programmes”, the report said, “the findings and recommendations indicate gaps in Boeing’s safety journey”....
...Whitaker said the plan should incorporate the findings of an expert panel and the FAA’s ongoing audit of the company’s manufacturing and quality processes....
...deliveries from Boeing....
...The confirmation came after reports of the talks prompted sharp moves in both companies’ shares on Friday....
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