Boeing 737 MAX Federal Aviation Administration Review

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • #22701
    ThePitBoss
    Participant

    Boeing stock largely has dodged a bullet many…

    [article]1797[/article]

    #22702
    Super Harley
    Participant

    Thank you for the update

    #22716
    Truman
    Participant

    Former Boeing manager Ed Pierson told NBC News he warned the company about the danger of increasing production of its 737 Max planes.

    Two of the planes were involved in fatal crashes in October 2018 and March 2019, killing 346 people. All 737 Max planes worldwide were grounded within days of the March crash.

    Pierson is set to testify before Congress on Wednesday about his role in warning Boeing.

    #22736
    Truman
    Participant

    Southwest Airlines reach settlement with Boeing regarding grounding of 737 Max

    Boeing announced Thursday. Approximately $125 million of the unknown settlement amount will be added to an employee profit-sharing plan, keeping Southwest CEO Gary Kelly’s promise to share a portion of any financial damages with employees.

    Southwest had more 737 Max planes in service than any other airline, 34, at the time of their grounding earlier this year following two fatal crashes.

    Southwest pilots have also sued Boeing over an estimated loss of over $115 million following the 737 Max grounding.

    #22756
    Truman
    Participant

    Boeing will temporarily halt production of the 737 Max starting next month,

    $BA announced Monday. The decision comes after the aircraft has been grounded worldwide for months following two fatal crashes. The crashes in October 2018 and March 2019 killed 346 people. While stopping production is expected to impact parts suppliers, some experts think it will have little impact to the American economy. “If there was a time when the economy could digest something like this, it is now,” said Mark Zandi, chief economist at Moody’s Analytics.

    via NY Times

    #22799
    Truman
    Participant

    David Calhoun appointed CEO and President of Boeing

    Earlier CEO Dennis Muilenburg resigned as CEO and from the board of $BA. He was replaced by current board Chairman David Calhoun. The board will now be run by Lawrence Kellner.

    From the company release:

    The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders.

    Under the Company’s new leadership, Boeing will operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers.

    We have the 737 Max and on the Friday Boeing launched a rocket that was intended to dock with the International Space Station but it failed to meet the objective and returned back to the US.

    Market Summary > Boeing Co
    NYSE: BA
    337.15 USD +9.00 (2.74%)
    Dec 23, 2:25 PM EST

Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.