The backlash against Boeing Co.’s 737 MAX jet escalated Tuesday, with groundings of the new jetliner spreading to Australia, Singapore and Latin America, amplifying the problem the company faces to contain the fallout from Sunday’s Ethiopian Airlines crash.
Boeing Stock News
Airlines Dump the Boeing 747, Transforming International Travel. The newer planes, which include the Boeing 787 Dreamliner, are redrawing the map for global air travel
Smaller, ultraefficient long-range airliners are overtaking the once celebrated giant of the sky; crammed seats and fewer perks. Delta has replaced its fleet of jumbo jets with Airbus A350s, one of a new breed of smaller, ultraefficient long-range airliners. Nearly every other airline in the world is doing a version of the same thing, replacing huge jets with smaller ones.
Boeing’s dividend increase comes as the company has ramped up production of its most popular model, the 737. The company’s monthly production of 737’s has gone from 47 last year to its current rate of 52 and is expected to climb to 57 by the end of next year.
Boeing opened its first 737 completion plant in China on Saturday, a strategic investment in one of the world’s top travel markets
Boeing and Airbus have been expanding their footprint in China as they vie for orders in the fast-growing aviation market, which is expected to overtake the United States as the world’s largest in the next decade.
Canceling the orders could deprive the Chicago-based plane maker of one of its largest customers. Lion Air Group, which in 2017 became the first company to commercially operate a MAX jet, Boeing’s latest iteration of the 737, is one of the world’s top buyers of the planes.
The first flight of a SpaceX rocket tailored to fly astronauts to the International Space Station is set for liftoff from Kennedy Space Center in Florida on Jan. 7, NASA said on Wednesday
The launch test is a crucial milestone in the space agency’s Commercial Crew Program, which aims to launch humans to space from U.S. soil for the first time in nearly a decade.
Boeing didn’t inform pilots about a control issue with some new 737 Max jets before a deadly Lion Air crash
Boeing (BA) failed to disclose possible issues with the flight control system on its new Boeing 737 Max jets before a deadly crash in Indonesia, according to a report. Boeing stock fell, testing a key long-term support level.
StockMarketNews.Today – Boeing [NYSE: BA] today announced its investment in Accion Systems Inc., a Boston, Mass.,-based startup pioneering scalable electric propulsion technology to transform satellite capabilities in and beyond Earth’s orbit.
Boeing Completes Acquisition of Leading Aerospace Parts Distributor KLX Inc. to Enhance Growing Services Business.
StockMarketNews.Today – KLX, a major global provider of aviation parts and services in the aerospace industry, provides a clear path for Boeing’s services business to accelerate growth. Its capabilities include distribution and supply chain services. KLX currently markets and distributes products for approximately 2,400 manufacturers and offers approximately 1 million catalog items.
Boeing should move forward with its planned new mid-sized aircraft (NMA) soon, argues Morgan Stanley, even if it elevates near-term risk.
StockMarketNews.Today – A new smaller offering would make Boeing more competitive and better positioned in the long run, says Morgan Stanley.
Boeing focused on China as ‘key customer’ amid trade war. U.S. aerospace and defense giant Boeing is less concerned about tariffs the Trump administration implemented earlier this year.
StockMarketNews.Today – The company is currently building a 737 finishing center in the country, since one-third of all 737 exports are currently going to China, the CEO said, adding that Boeing has to make all of its plans in “the context of the trade discussions.”
Boeing is working actively behind the scenes to avert an escalation of the bitter US-China trade war, amid concerns about the risks for a company that is the top US exporter.
Boeing works to avert US-China trade war escalation.
Chief notes ‘tough’ global trade challenges but reaffirms UK investments