Boeing Financial News

(Updated — February 29, 2024 11:21 AM EST)

She will take on the role from 1 July 2024 for a five-year term, succeeding Broadbent's ten years in the role. Andrew Bailey: No need for inflation to come back to 2% target before cutting rates Lombardelli will be responsible for overseeing the formulation and implementation of UK monetary policy and lead the BoE's research, data and analytics.  She will also become a member of the Monetary Policy Committee and will lead the central bank's response to the publication of Ben Bernanke's review of the BoE's forecasting process, alongside the creation of a new data and analytics strat...

The Federal Aviation Administration is giving Boeing 90 days to come up with a plan to fix quality problems and meet safety standards for building new planes

By David Shepardson

Lucknow, Uttar Pradesh, 28/02/2024: Shankh Aviation Private Limited, spearheaded by young and dynamic entrepreneur Mr. Sharvan K.Vishwakarma, is set to make a significant mark in the aviation industry with the launch of its new venture, Shankh Air, from the heartland of Uttar Pradesh, Lucknow. With a formidable presence in Infrastructure & Trading, Mr.

iPhone 16 series to arrive, rumours have already started to swirl about the expected changes the Cupertino-based tech giant may make to its iPhone 17 lineup, which will debut next year. According to a recent report from The Elec, Apple could be moving away from its current norm of using low-temperature polycrystalline silicon (LTPS) with the vanilla iPhone and Plus series.

SpiceJet has mutually settled its Rs 250 crore dispute with AerCap's subsidiary Celestial Aviation, the company said in a stock exchange clarification on Wednesday. With this, the company said it will avoid litigation and save Rs 235 crore. «The representatives of both Parties informed a bench of National Company Law Tribunal (NCLT) last week that settlement terms had been reached and requested an adjournment. The Court graciously granted the adjournment,» it said in a release.

Government and aviation-industry experts say Boeing has made some strides toward improving its safety culture, but employees could still be subject to retaliation for reporting issues

Boeing is not as committed to safety as it claims it is, an FAA report concluded.

China’s C919 single-aisle jet made its international debut at the Singapore Airshow, attracting masses of visitors and hundreds of orders, but analysts say it still has a long way to go before it can compete with aircraft from market leaders Boeing and...

By Joanna Plucinska

Coterra Energy Inc. (ticker: NYSE:CTRA) reported a robust fourth quarter in 2023, surpassing its guidance for oil, natural gas, and barrels of oil equivalent (Boe) while adhering to its capital expenditure framework.

Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrade for Coty, downgrades for Alkermes, Compass and Boeing.

Stratolaunch conducted its second "captive carry" test flight of what it hopes will become a reusable hypersonic vehicle, it said on Saturday, as the Pentagon presses ahead with development of new hypersonic weapons. The Stratolaunch Talon-A was loaded with live propellant and carried aloft by the Spirit of Mojave, a modified Boeing 747-400 with dual fuselages, on a more than four-hour flight going over the Pacific Ocean.

Pioneer Natural Resources (NYSE:PXD) reported fourth-quarter earnings and revenue that fell short of Wall Street expectations. The Dallas-based energy company disclosed a quarterly EPS of $5.26, which was $0.12 below the consensus of $5.38. Revenue for the quarter was also lower than expected, coming in at $5.22 billion against the consensus estimate of $5.28 billion.

Boeing has removed the head of its troubled 737 MAX programme from the planemaker, amid scrutiny around production and safety measures following a mid-air blowout on a plane last month, Al Jazeera reported. The company also reshuffled its leadership team at the Commercial Airplanes division, according to a company memo sent to staff by Boeing Commercial Airplanes (BCA) CEO Stan Deal, Al Jazeera reported, citing the Seattle Times.

Boeing says the head of its 737 jetliner program is leaving the company immediately, paving the way for the aircraft maker to appoint new leadership at the troubled division

United Airlines flight from San Francisco to Boston was diverted to Denver on Monday after the plane’s wing started coming apart mid-flight — and a passenger managed to capture footage of the unnerving issue.Kevin Clarke pulled out his phone to record video of damage to the plane’s structure, which appeared to show the wing slat missing large chunks and beginning to separate from the rest of the wing.“Just about to land in Denver with a broken wing on the plane,” Clarke can be heard saying in the video.Clarke told WCVB that as the wheels lifted off in San Francisco, he felt an “incredibly strong vibration” and started to become worried about the plane’s shaking.“All of a sudden I hear this loud vibration and noise that I’ve never heard from a plane before and it stopped within seconds and I’m like, well that’s good it stopped,” Clarke told ABC.He told the outlet that the plane’s pilot soon entered the cabin and checked out the wing from a window, before retreating back into the cockpit.“Minutes later, he comes on the PA system and announces that we’ve sustained some damage to the slat underneath the wing,” said Clarke.Another passenger shared a photo of the damaged wing on Reddit mid-flight.“Sitting right on the wing and the noise after reaching altitude was much louder than normal. I opened the window to see the wing looking like this,” user octopus_hug wrote.

Ed Clark, the executive leading Boeing (NYSE:BA)'s 737 MAX program, has stepped down, Reuters reported Wednesday after obtaining a company memo.

Boeing 737 MAX-8 jets in March 2019, staff at his department prepared three very different speeches.They outlined three different scenarios: restricting the aircraft from Canadian airspace, as many countries already had, declaring the MAX-8 safe to fly, as the Americans did, or allowing the aircraft to operate “only if certain standards were met.”The speeches are part of a newly released trove of internal documents on the federal government’s decision to ground the Boeing jets following a deadly 2019 crash in Ethiopia that killed 18 Canadians.Next month marks the fifth anniversary of the disaster.It’s not unusual for staff to draft multiple versions of speeches for ministers. But the fact that each of Garneau’s three prepared remarks contained vastly different decisions on the grounding of the MAX-8 illustrates the uncertainty at Transport Canada over the jets’ safety.Emails, memos and briefing notes obtained by Global News through access to information law show three days of flurried activity at Transport Canada as the agency’s position continuously evolved.

By Lisa Barrington