Tag: Boeing

Boeing Predicts More Than 2,600 Aircraft Sales in Latin America By 2040

Reading Time: < 1 minute Boeing forecasts a rapid rebound in global aircraft sales, predominantly in Latin America and the Caribbean, once the pandemic retreats. The company estimates carriers will need 2,610 new aircraft within the next 20 years. According to the manufacturer, there will be a 5.1%  growth in the airline traffic for Latin America and the Caribbean within […]

Boeing Delivered 21 737 MAX Airplanes in January

Reading Time: < 1 minute January was one of Boeing’s best months as it delivered 26 planes, including 21 737 MAX jets. Many jurisdictions have already approved the resumption of 737 MAX, and Boeing can finally start clearing its backlog of more than 400 built but undelivered aircraft. Out of the 21 737 MAX deliveries, 12 went to US carriers: […]

Boeing Reports $12 Billion Annual Loss and Delays 777X Jet Delivery

Reading Time: < 1 minute On Wednesday, Boeing reported a record loss of nearly $12 billion for 2020 as it delayed its brand new 777X jet again and took a $6.5 billion charge in the fourth quarter on its latest airplane. The reported loss is the largest in Boeing’s more than 100-year history. The giant’s problems started accumulating due to […]

Lawyers Urge Ethiopian to Reject the Financial Offer by Boeing

Reading Time: < 1 minute The Seattle Times has reported that American lawyers for Ethiopian Airlines advise the airline not to accept the proposed compensation offer. Boeing offers $500 million to $600 million, a large portion of which is not cash. The attorneys call the settling “financially disastrous” and suggest the airline sues Boeing for the damages. According to the […]

Boeing Will Pay Over $2.5 Billion Over 737 MAX Fraud

Reading Time: < 1 minute Boeing has agreed to pay a $2.5 billion fine to settle criminal conspiracy charges over the two aircraft crashes that claimed hundreds of lives and resulted in Boeing 737 MAX grounding. The Justice Department determined that Boeing employees had concealed information about the faulty MCAS (Maneuvering Characteristics Augmentation System) from regulators, preventing the FAA from […]

Ryanair Is Purchasing 75 More Boeing 737 MAX Jets

Reading Time: < 1 minute Europe’s biggest short-haul airline Ryanair has placed an order for 75 additional Boeing 737 MAX aircraft, raising the total number of pending deliveries from 135 to 210. So far, it is the largest order since the jet’s grounding in 2019. Ryanair, which is receiving its new aircraft between spring 2021 and winter 2024, says that […]

737 MAX passengers will be able to change tickets at no cost

Reading Time: < 1 minute After almost 2 years of being grounded, on November 18th, 2020, Boeing 737 MAX was approved by the Federal Aviation Administration (FAA) for takeoff; however, some travelers are still reluctant to trust their lives to this aircraft. Airlines rush to reassure their customers that the jet has been recertified and is safe to board, but […]

BREAKING: The U.S. FAA Approved Boeing 737 MAX To Fly Again

Reading Time: 2 minutes Today, the U.S. Federal Aviation Administration (FAA) has signed an order to resume commercial flights of Boeing 737 MAX by the end of the year. Boeing will have to make specific software updates and implement the FAA requested training changes to return to the market. The main focus of improvement has to be a stall-prevention system […]

EU has imposed a 15% tariff on aircraft maker Boeing 

Reading Time: < 1 minute In retaliation against US subsidies for Boeing manufacturer, the European Union is imposing a 15% tariffs on $4bn (€3.37 billion) of U.S. services. The EU won the right to exercise the tariffs plan in October after the World Trade Organization (WTO) had granted its authorization, according to Reuters. “Regrettably, in spite of our best efforts […]

Boeing Counts a $3.5 Billion Loss After the Third Quarter

Reading Time: 2 minutes The Boeing Company has reported third-quarter results today. With the disclosed revenue of $14.1 billion, Boeing has made a loss of $3.052 billion. Boeing swung net loss of $466 million in the third quarter from a profit of $1.2 billion a year earlier. That was on sales of $14.1 billion, down 29% from a year […]