Bloomberg reports that Boeing will temporarily halt production of its grounded 737 Max jetliner next month, according to a person familiar with the matter.
Boeing
Federal aviation regulators won’t clear Boeing’s troubled 737 Max airplanes for flight until sometime in 2020. That’s according to an interview that Federal Aviation Administration chief Steve Dickson gave to CNBC on Wednesday.
The Federal Aviation Administration said it told Boeing on Tuesday that the agency will retain all authority to issue safety certificates for newly manufactured Max planes.
Boeing still believes it can get permission before the end of the year to fly the 737 Max again.
Lawmakers blasted Boeing and peppered its CEO on Wednesday with questions about the design and marketing of the 737 Max, the plane involved in two crashes that killed 346 people.
On the anniversary of the first of two deadly crashes involving Boeing 737 Max jets, the CEO will tell Congress that the aircraft company knows it made mistakes and is throwing everything into fixing the plane.
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.
