Boeing Financial News

Boeing has a parking problem. Parts shortages and other issues have left the jet maker with about 200 fully or mostly finished airplanes sitting in airfields, outside plants and—in one location—an employee parking lot. Some of the planes are awaiting interiors; others need engines.

Prosecutors are expected to give new details next week about Boeing's plea deal in a case stemming from two deadly crashes of 737 Max jetliners

Air India plane flying from Delhi to San Francisco made a precautionary landing in the Russian region of Siberia after crew detected a potential issue in the cargo hold area, the Indian airline said on Friday. It was the second time in a little over a year that an Air India flight on the same route had made an unscheduled landing in Russia. Many carriers, including U.S. and European Union airlines, do not fly over Russian airspace following the war in Ukraine, but Air India does, giving it a flying time and cost advantage on U.S. routes.

NASA (National Aeronautics and Space Administration) reported that Indian-origin Sunita Williams and Butch Wilmore, who skyrocketed to space on Boeing's Starliner spacecraft on July 5, "continued exploring ways to effectively water plants in the weightless environment".The two NASA astronauts took turns in the "Harmony module", testing how root models and plants of various sizes would absorb water in microgravity.Harmony is a utility hub, providing air, electrical power, water, and other systems essential to support life on the station. It also provides international docking adapters on its space-facing and forward ports for commercial crew vehicles, NASA explains.Earlier, NASA's press release on July 16 said NASA astronauts Butch Wilmore and Sunita Williams spent the majority of their day testing ways to water plants growing without soil in the weightless environment of microgravity."Williams first set up the Plant Water Management hardware in the Harmony module then tested a variety of liquid flow methods while video recording the results.

In the three months to May, average regular earnings fell from 6% to 5.7%, according to data from the Office for National Statistics released today (18 July).  This marked the lowest quarterly figure since the three months to August 2022, when it stood at 5.4%.  UK inflation returns to 2% target but June BoE cut remains unlikely Meanwhile, the UK rate of employment remained unchanged at 4.4%. The ONS director of economic statistics, Liz McKeown, said: «We continue to see overall some signs of a cooling in the labour market, with the growth in the number of employees on the payro...

Core CPI, which excluded food, alcohol and tobacco, reached 3.5% in the year to June, the same as a month before, according to figures published by the Office for National Statistics today (17 July). Services inflation, a closely watched measure by the Bank of England's rate-setters, also remained sticky, refusing to come down from the May figure and remaining instead unchanged at 5.7% in June. UK inflation returns to 2% target but June BoE cut remains unlikely The latest data came in as the BoE's Monetary Policy Committee considers whether to start cutting interest rates at its ne...

Pan Am, which is well-known for its opulent transatlantic flights, will make a comeback in 2025 with a voyage aboard a private jet. Established in 1927 and shutting down in 1991, the airline offers an opulent 12-day trip from New York in an attempt to bring back the golden age of travel, as per the reports of Yahoo Life. From June 27 to July 9, 2025, tourists will traverse Bermuda, Lisbon, Marseille, London, and Foynes in Ireland throughout their journey. The journey will be hosted by Pan American World Airways CEO Craig Carter and will replicate Pan Am's initial transatlantic itineraries.

SpiceJet on Tuesday announced that Ashish Kumar, Head of Finance and Chief Financial Officer, will be leaving the company to explore other opportunities. In place of Kumar, Joyakesh Podder will be taking over as as the Deputy Chief Financial Officer of the company with effect from July 15, 2024. «Podder is a Chartered Accountant with over 30 years of experience in large organizations like PwC, Reliance, Mahindra, Go Air, SpiceJet etc. in aviation, hospitality and telecom sectors,» said the airline through stoch exchanges.

Boeing has started certification flight testing of its long-delayed 777-9 with U.S. aviation regulators onboard, the U.S. planemaker said in an emailed statement. The company said it conducted its first flight on Friday night after receiving Type Inspection Authorization (TIA). The development is a boost for Boeing, which has been grappling with production and legal issues since a Jan. 5 mid-air panel blowout on a 737 MAX plane.

Federal prosecutors and victims’ families are waiting for Boeing to decide whether to accept a plea deal that would settle a criminal fraud charge

Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain's king unveiling the legislative programme of the new Labour Government. Don't race off for that summer break just yet.

An Air Europa flight en route to Uruguay was forced to make an unexpected stop in Brazil after severe turbulence injured more than 30 people on Monday, fracturing the necks and skulls of several passengers.

Boeing agreed to plead guilty to misleading air-safety regulators in the run-up to two deadly 737 MAX crashes, a stunning concession that would brand the world’s biggest aerospace company a felon. Boeing will formally acknowledge guilt and accept fresh punishment over its dealings with the Federal Aviation Administration before two 737 MAX crashes that killed 346 people, according to a late Sunday court filing. As part of a plea to one count of conspiracy to defraud the U.S., prosecutors have asked the company to pay a second $244 million criminal fine and spend $455 million over the next three years to improve its compliance and safety programs.

Air India cancelled a scheduled flight from the US to India and used the Boeing 777 plane for running a charter to ferry the Indian cricket team back home from Barbados, prompting the civil aviation regulator to seek a response from the Tata Group-owned airline, according to people with knowledge of the matter. A special Air India flight, chartered by the Board of Control for Cricket in India (BCCI), is carrying the T20 World Cup-winning Indian team and support staff from Barbados in the Caribbean to Delhi. The flight took off from Grantley Adams International airport in Bridgetown on Wednesday and was scheduled to land in New Delhi on Thursday at around 6 AM.

A post shared by NASA Artemis (@nasaartemis)The photo, clicked by astronaut Matthew Dominick, shows a crescent moon above the Earth's atmosphere. He described it as "A sliver of a moon rises out of noctilucent clouds and appears to look towards the horizon awaiting the imminent sunrise."Dominick is the commander of NASA and SpaceX's Crew-8 mission which launched to the ISS on 3rd March 2024.

Briefing occurred Tuesday in Renton, Washington, detailing «defect» from supplier.

Boeing’s 737 Max is a more fuel-efficient version of the American aerospace company’s popular 737, the best-selling airliner ever

Stocks that are trading heavily or have substantial price changes on Monday: Chewy, Blackrock fall; Spirit AeroSystems, Amedisys rise

A Southwest Airlines jet that was damaged after experiencing an unusual “Dutch roll” during a flight is back in service

Delhi High Court on Tuesday issued contempt notice to Spicejet, its directors and officers as to why contempt proceedings should not be initiated against them for non-compliance of its May 27 order that had asked the low-cost airline to hand over two Boeing aircraft and three aircraft engines to its lessor TWC Aviation Capital. However, the division Bench of the HC on Tuesday said that contempt proceedings will be dropped if Spicejet complied with its directions within a with by July 8. The division bench of the Delhi High Court on May 27 had asked SpiceJet Ltd to hand over two Boeing aircraft and three aircraft engines along with technical records to its lessor TWC Aviation Capital on or before June 17 for failing to pay dues of $14 million, as ruled by a UK court.

Boeing has agreed to plead guilty to fraud to settle charges stemming from the crashes of two of its 737 Max jets