Boeing's 737 Max halt affects credit
Boeing's credit rating was trimmed by Moody's and Standard & Poor's, as the rating agencies said the aircraft maker's move to halt 737 Max production comes with increased risks.
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Boeing's credit rating was trimmed by Moody's and Standard & Poor's, as the rating agencies said the aircraft maker's move to halt 737 Max production comes with increased risks.
An Irish company that sells and leases aircraft has filed a lawsuit seeking to cancel an order for 22 of Boeing's 737 Max jets and collect at least $185 million in damages.
Boeing's 737 Max crisis keeps getting worse and worse. And there is no clear end in sight.
Boeing shares continued to slide Tuesday after the company announced it would temporarily halt production of the troubled 737 Max.
Boeing plans to suspend production of the 737 Max starting in January as it waits for the embattled plane to be recertified to return to service, the company announced Monday.
A "phase one" trade deal between the United States and China, announced Friday, has cleared the path for riskier assets to rally through the end of the year.
Boeing's stock fell Monday following a report that the company was considering curbing production of the troubled 737 Max.
Boeing is considering curbing production of the troubled 737 Max and could announce the decision as soon as Monday after the US markets close, a source familiar with the decision-making process said.
Qantas is choosing Airbus over Boeing as a partner to fly the world's longest passenger routes. It's yet another blow to the embattled American aircraft maker, which continues to weather fallout from the 737 Max crisis.
Boeing is going to be paying its airline customers billions of dollars to compensate for the months-long grounding of the 737 Max. At least one of those airlines, Southwest, said Thursday it will share some of that money with its employees.
The Boeing 737 Max will not be approved to fly again before the end of this year, according to the head of the Federal Aviation Administration.
A government analysis after the first Boeing 737 MAX crash last fall found the jets were at a significant risk for future crashes, but the agency did not ground the planes until after a second one fell from the sky.
Nobody knows for sure when Boeing will be able to secure approval to return the 737 Max to the skies. What's certain is no passengers will fly in a 737 Max for quite some time.
Investigators of a fatal accident on a Southwest Airlines plane last year recommend that Boeing retrofit the engines of nearly 7,000 jets to prevent a repeat of the accident.
Boeing finally has found buyers for its troubled 737 Max jets, the first firm orders for its bestselling plane since it was grounded in March.
Airbus has secured two major orders from airlines based in the United Arab Emirates, jumping out to an early lead over rival Boeing in the race for new business at the Dubai Airshow.
Ryanair is the latest major Boeing customer to find cracks in some of its 737s.
Boeing CEO Dennis Muilenburg will take a significant cut in pay for 2019 and 2020, according to the company's new chairman.
The union that represents aircraft maintenance engineers in Australia has urged Qantas to ground its fleet of Boeing 737 aircraft to ensure any structural cracks in the planes are repaired.
Airbus is facing production issues and new US tariffs, but the company still expects to grow earnings by double digits this year on solid demand for its commercial aircraft.
After a contentious hearing where Boeing admitted mistakes and missed red flags about the safety of its 737 MAX jet, a mother whose daughter died in one of the crashes confronted CEO Dennis Muilenburg.
Boeing CEO Dennis Muilenburg admitted to Congress on Tuesday that his company made mistakes with the design of its 737 MAX jet and deserves the scrutiny it is receiving after two fatal crashes.
When Boeing's CEO lands in the hot seat this week, members of Congress have pointed questions for him, such as: "How the hell did this happen?"
The improper design and certification of the Boeing 737 Max 8 aircraft, coupled with an overwhelmed flight crew battling a malfunctioning system they could not properly identify, led to the crash of Lion Air Flight 610 in October, according to a report by Indonesian authorities.