Boeing

Boeing, Boeing, Gone… Again

Authored by Bill Blain via MorningPorridge.com, Boeing’s stock prices continues to languish in the wake of the B-737 Max crashes in 2018 and 19. In December 2020 the jinxed plane was finally allowed to fly again after a tortuous programme to re-write and improve its control systems and regulatory oversight. The stock didn’t move much….

Boeing Pays $2.5BN Criminal Penalty Tied To 737 MAX Crashes That Killed 350

Boeing shares are getting the gravitational treatment in after-hours trading as the Department of Justice announced that Boeing had agreed to cough up $2.5BN to settle charges that it deliberately defrauded and mislead the FAA during the certification process of the 737 MAX 8. The settlement, which comes barely a week after the MAX embarked…

Amazon Buys 11 Boeing 767s From Delta, WestJet To Expand Amazon Air

The world’s biggest online retailing monopoly, Amazon, announced on Tuesday that it is expanding its presence in the air freight logistics sector with the purchase of eleven Boeing 767-300 aircraft, which includes seven aircraft from Delta and four aircraft from WestJet. The new aircrafts will join the Prime Air network by 2022. The four aircraft…

Here We Go Again: Boeing 737 Max Makes Emergency Landing After Engine Failure

Last month, commercial flights with Boeing 737 Max jetliners resumed after a 20-month worldwide grounding, following two deadly accidents. Now we’re finding out, weeks later, after the Max was cleared by the Federal Aviation Administration (FAA) to return to the skies safely, an Air Canada Boeing 737-8 Max suffered engine issues during flight. According to Aviation24.be,…

Boeing Halts Merit Pay Raises, Grants Shares To Some Employees As Recovery Years Away 

A little more than a week before Christmas, Boeing Chief Executive Dave Calhoun sent an internal memo to employees announcing that the company would suspend annual merit salary increases in fiscal 2021 for employees, managers, and executives, according to Reuters.  Excluding executives and tens of thousands of engineers and machinists under union contracts, Boeing however awarded employees…