Boeing announced that it has stripped CEO Dennis Muilenburg of his title as chairman of the board, a move the company says will allow him to focus more on fixing its troubled 737 Max jets.
American Airlines is pushing back the expected return of its Boeing 737 Max jets into next year. The airline says it expects to slowly bring the plane back into its schedule starting Jan. 16.
Boeing 787 Dreamliners once praised as “beautiful” by President Donald Trump could become a casualty of his escalating trade war with China. That and other business news from Crain’s Chicago Business.
Federal safety officials are recruiting pilots from airlines around the world to test changes that Boeing is making to the flight-control software on the grounded 737 Max jet, according to two people briefed on the situation.
Boeing’s CEO says the company will consider temporarily shutting down production of the 737 Max if the plane’s return is significantly delayed beyond the company’s October forecast.
United said Tuesday that its second-quarter profit soared 54%, to $1.05 billion. The results beat expectations, and United slightly raised its forecast of full-year profit.
A man who lost his wife, mother-in-law and three young children in the crash of a 737 Max in Ethiopia says Boeing should scrap the plane and top executives should resign and face criminal charges.
Fifteen Kenyan families of people killed in a plane crash in Ethiopia in March on Friday rejected a proposal by Boeing to compensate them, saying they will pursue their claims in court.
Boeing said Wednesday that it will provide an “initial investment” of $100 million over several years to help families and communities affected by two crashes of its 737 Max plane that killed 346 people.
Boeing said Wednesday that the FAA “identified an additional requirement” for software changes that the aircraft manufacturer has been working on for eight months, since shortly after the first crash.
Airline union leaders and famed former airline pilot Chesley “Sully” Sullenberger say that Boeing made mistakes while developing the 737 Max, and the biggest was not telling anybody about new flight-control software so that pilots could train for it.
The Chicago-based company has 4,550 unfilled orders for the Max but stopped deliveries after regulators around the world grounded the plane following crashes in Indonesia and Ethiopia that killed 346 people.
United is using other planes to cover some flights that had been scheduled with its 14 Max jets. However, the airline said that because of the Max’s grounding it will cancel about 1,120 flights in June and about 1,290 in July.
CEO Oscar Munoz says he will be aboard United Airlines’ first flight of a Boeing 737 Max once regulators agree to let the aircraft fly again.
It’s been more than a month since the FAA grounded Boeing’s troubled 737 Max aircraft. This week, the head of the Chicago-based company addressed shareholders and reporters.
The CEO of Boeing defended the company’s safety record and declined to take any more than partial blame for two deadly crashes of the 737 Max even while saying the company has nearly finished an update that “will make the airplane even safer.”