Boeing Financial News

Boeing CEO David Calhoun is getting compensation valued at $33 million for last year, nearly all of it in stock awards

engine cover on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the U.S. FAA to open an investigation. No one was injured and Southwest Flight 3695 returned safely to Denver International Airport around 8:15 a.m. local time on Sunday and was towed to the gate after losing the engine cowling.

Boeing 737-800 returned to Denver International Airport on Sunday morning after the engine cowling fell off and struck the wing flap during takeoff, the Federal Aviation Administration said. The airlines, in an official statement, informed that the Boeing 737 landed safely at Denver International Airport and the passengers headed to Houston's William P. Hobby Airport were being shifted to another jet.

Mint’s Plain Facts section brings out an update on key global economic data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This time, we explain why the Bank of Japan has ended a long era of negative interest rates and what is causing financial stress to citizens of several countries.

Virgin Atlantic jet collided with a stationary British Airways airliner while being towed from a stand at London's Heathrow Airport on Saturday, the airlines said. Heathrow, Britain's busiest airport, said no passenger injuries had been reported and it did not anticipate any ongoing impact to the airport's operations.

Vistara pilots is on hold after the civil aviation regulator asked the airline to explain alleged violation of rules. The pilots were slated to operate Boeing 787 aircraft, which the airline uses on European routes. People familiar with the matter said the pilots, earlier operating the Airbus A320 aircraft, were doing their conversion training for the Boeing 787 planes.

Federal officials are looking into an engine fire on a Southwest Airlines plane

Alaska Airlines says Boeing has paid $160 million in initial compensation for losses that the airline suffered after a panel blew off one of its Boeing 737 Max 9 jetliners in January

Federal officials are issuing a preliminary report about a United Airlines jet that slid off a taxiway at a Houston airport last month

Alaska Air Group said on Thursday that Boeing had paid about $160 million to the airline in the first quarter as initial compensation to address the hit from the temporary grounding of 737 MAX 9 jets. The payment is equivalent to lost profits in the quarter, the carrier said in a filing, adding it expects additional compensation.

sangeet ceremonyends with Pannu and Boe hugging each other. The couple then bows to the guests present at the event.A post shared by HT City (@htcity) In another video, Taapsee can be seen dancing with her sister Shagun Pannu. Both the sisters danced to the iconic song ‘Le Gayi’ from the movie Dil To Pagal Hai (1997).

Taapsee Pannu continues to remain tight-lipped about her marriage to Danish tennis sensation Mathias Boe, news of their low-key wedding ceremony in Udaipur continues to hit headlines. Recently, a video of the pair exchanging vows has gone viral on Reddit. The clip was shared on the ‘Bolly Blinds & Gossip’ subreddit. In the video, the ‘Haseen Dilruba’ star is dressed in the typical Punjabi wedding gear — a bright red churidaar kurta and bedecked in golden jewellery. She is also seen sporting a pair of stylish sunglasses as she walks towards Mathias who looks handsome in a sherwani and pagdi. She is accompanied by her sister Shagun and some friends. The pair is seen exchanging garlands and sealing the deal with a hug and a kiss. Jagjit Singh and Chitra Singh's iconic song ‘Kothe Te Aa Mahiya’ is seen playing in the background.

The strange thing about Boeing’s crisis is that so many people saw it coming—and tried to stop it. The planemaker’s safety problems have been obvious since two 737Max jets crashed in late 2018 and early 2019, killing 346 people. Boeing’s engineers were warning managers of potential quality problems as far back as 2001.

Vistara pilots continue to protest against pay revision, at least 15 senior first officers resigned from the airline recently, sources said on Tuesday. The airline operates a little over 300 flights daily and has a fleet of 70 planes comprising A320-family aircraft and Boeing 787s. Over the past few weeks, the Tata Group airline has been grappling with simmering discontent among pilots, with many first officers of its A320 fleet reporting sick. The sources said at least 15 senior first officers resigned from Vistara and joined a domestic budget carrier.

United Airlines is asking its pilots to take time off in May because the airline isn't getting as many new planes from Boeing as it expected

Vistara, after canceling approximately 50 flights the previous day, is anticipated to cancel around 60 flights on Tuesday, according to sources cited by The Times of India. As per PTI sources more flights are expected to be cancelled on Tuesday and the number could go up to 70. To address the continuous flight disruptions caused by a shortage of pilots, the airline has introduced measures to mitigate the situation. These measures entail scaling down flight operations and deploying wide-body aircraft on domestic routes to assist stranded passengers.

Air Canada has awarded a Hong Kong company a major contract to perform heavy maintenance on 56 of its wide-body jets, sparking concerns about Chinese spies bugging the planes and aircraft becoming trapped in China if a military conflict erupts with Taiwan.

Last fortnight, Boeing’s airline customers sent two clear messages when they asked to meet with the planemaker’s directors without its chief executive officer David Calhoun. The first was that they had lost confidence in Calhoun and his deputies. No matter where you fall on the organization chart, it’s never a good sign when a client wants a tête-à-tête with your boss and doesn’t invite you along.

Apache helicopters, heralded for their ability to conduct missions in diverse weather and terrain conditions, is set to bolster the Indian Army's operational reach and aerial strike capabilities in the western sector, according to a high-ranking Army official. During an exclusive interview with PTI, Lt Gen A K Singh, the General Officer Commanding-in-Chief of the Southern Command, emphasised the significant impact of this move on the army's transformation and operational effectiveness. Marking a pivotal moment, the first medium lift attack helicopter squadron within the Southern Command region was established on March 15 this year. This squadron will be outfitted with cutting-edge Apache AH-64E helicopters manufactured by Boeing. A total of six contracted helicopters are scheduled for delivery to the country in two phases over the upcoming months.

The Texas attorney general says he's investigating a key Boeing supplier that is already under scrutiny by federal regulators over the quality of its work on Boeing planes

Alaska Airlines 737 MAX 9 passengers may be 'crime victims': FBI Biden's remarks came during a high-dollar campaign fundraiser at Radio City Music Hall. Boeing is under fire following relentless episodes of callousness pertaining to the safety of the passengers. Earlier this year, a door of a Boeing 737 Max 9 plane operated by Alaska Airlines blew out midair.