Business  /  Published 29.07.20

Boeing posts $2.4bn loss for June quarter

Boeing has reported a $2.4 billion loss for the June quarter because of the grounding of its 737 Max jet and the coronavirus pandemic, which is expected to depress airline travel even longer than prev...
By AP in New York

Business  /  Published 29.06.20

Max planes to undergo tests

Pilots and test crew members from the US Federal Aviation Administration and Boeing Co are slated to begin a three-day certification test campaign for the 737 MAX on Monday, sources told Reuters.The t...
By Reuters in Washington

Business  /  Published 28.05.20

Boeing axes 12,000 jobs

Boeing is cutting more than 12,000 US jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming. Shortly after disclosi...
By AP in Washington

Business  /  Published 29.04.20

10% Boeing job cuts

Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10 per cent, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry...
By Reuters in Chicago

Business  /  Published 25.04.20

Boeing scraps Embraer deal

Boeing Co on Saturday pulled out of a $4.2-billion deal to buy the commercial jets division of Brazil’s Embraer, unraveling years of work on a transformative move driven by expanding competition wit...
By Reuters in Paris

World  /  Published 25.10.19

Lion Air report blames flaws

The first officer told the captain that he had been called at 4am and told to work the flight, which was not on his original schedule. The captain replied that he had the flu. He coughed 15 times in t...
By New York Times News Service in Jakarta

World  /  Published 10.03.19

Second new plane crashes, 157 killed

A jetliner with passengers from at least 35 countries, including India, crashed on Sunday shortly after leaving Ethiopia’s capital, killing all 157 people on board and renewing concerns about the ne...
By Hadra Ahmed, Norimitsu Onishi, Dionne Searcey and Hannah Beech in Addis Ababa, Ethiopia

World  /  Published 02.10.19

737 Max jet safety plans were rejected

A senior Boeing engineer filed an internal ethics complaint this year saying that during the development of the 737 Max jet the company had rejected a safety system to minimise costs, equipment that h...
By Natalie Kitroeff, David Gelles and Jack Nicas/New York Times News Service in New York

Business  /  Published 14.02.20

SpiceJet treats MAX cost as other income

Budget carrier SpiceJet on Friday reported a net profit of Rs 73.2 crore for the three months ended December.“The standalone profit from air transport services (airline) was Rs 115 crore. Further, t...
By Our Special Correspondent in New Delhi

Business  /  Published 29.01.20

Boeing in red after two decades

Boeing suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes doubled to more than $18 billion. New CEO David Calhoun ...
By AP in


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