Boeing Financial News

United Airlines says a flight heading from San Francisco to Boston had to be diverted after the plane suffered damage to one of its wings

The Singapore Airshow – Asia's largest – kicks off Tuesday with an array of aerial displays including some by China’s COMAC C919 narrow-body airliner

Ryanair, of low cost and sustained profitability, India’s newest airline Akasa Air’s journey to the top of the charts has been rather astounding. The airline, backed by legendary investor Rakesh Jhunjhunwala, who died soon after the launch of the airline in August 2022, is set to cross a milestone. It will fly beyond the Indian borders from March 28 with its first international flight scheduled to Qatar. Notably, this achievement comes in merely 19 months of its going operational. Akasa was granted the licence to fly internationally by the Ministry of Civil Aviation last year on September 20. Exiting 2023 with a fleet size of 22 aircraft, including 21 Boeing 737 MAX 8 and one Boeing 737 MAX 8 200, the first of its kind in Asia, Akasa Air is ready for its next phase of growth. It further fuelled its international flying ambitions when in January the new airline welcomed two Boeing 737 MAX 8 aircraft to its growing fleet. Since it started flying in 2022, Akasa has garnered a market share of 4 per cent as against another low-cost but much older airline SpiceJet's 5.6%. The Indian aviation market is dominated by IndiGo, which has a nearly 60 per cent market share, and the Tata Group whose airlines have a combined share of nearly 26 per cent.

Nikki Haley mentions the “Beast of the Southeast" at virtually every campaign stop in her underdog effort to try to stop Donald Trump from winning the Republican presidential nomination. The phrase, which an industry trade publication used in 2013 to describe South Carolina’s robust economic development during her governorship, is a badge of honor for Haley as she explains how her state’s unemployment dropped from 10.8% to 4.4% under her watch. “By the time I left, we were building planes with Boeing, we were building more BMWs than any place in the world, we brought in Mercedes-Benz, we brought in Volvo," she said at a recent appearance ahead of the state’s Saturday GOP primary.

By Francois Murphy

Speaking to Bloomberg's UK Politics podcast, he said the BoE's credibility is under threat if it does not pivot on interest rates. Haldane, who was chief economist between 2014 and 2021 and is now CEO of the Royal Society of Arts, argued the UK is still «looking at best, at a year of anaemic growth», citing risks on the downside as well. UK enters technical recession as economy shrinks 0.3% in Q4 2023 He said there was a risk the BoE could worsen the UK's recession unless it started loosening its monetary policy, claiming that is where the «balance of risks lies». «For me, the c...

Speaking to Bloomberg's UK Politics podcast, he said the BoE's credibility is under threat if it does not pivot on interest rates. Haldane, who was chief economist between 2014 and 2021 and is now CEO of the Royal Society of Arts, argued the UK is still «looking at best, at a year of anaemic growth», citing risks on the downside as well. UK enters technical recession as economy shrinks 0.3% in Q4 2023 He said there was a risk the BoE could worsen the UK's recession unless it started loosening its monetary policy, claiming that is where the «balance of risks lies». «For me, the c...

defence ministry has given a go ahead to procure new maritime aircraft for the Navy and Coast, aerial refuelers for the Indian Air Force and several other projects for the Indian industry valued together at ₹84,560 crore. These were cleared by the Rajnath Singh-led Defence Acquisition Council on Friday. The acquisition of 15 maritime patrol aircraft — nine for the Navy and five for the Coast Guard — will be a boost to Tata-Airbus that is already manufacturing the C 295 aircraft in Gujarat. With the additional order, a total of 71 aircraft will be produced and more orders are also in the pipeline from other security agencies. Sources said that while the original order for 56 C 295 aircraft for the IAF was placed on Airbus, with Tata being the manufacturing partners, the additional order valued at ₹29,000 crore will see Tata as the prime contractor. The IAF has also got a go ahead to procure new mid air refueler aircraft, a critical force multiplier. The requirement of six new such aircraft has been projected since 2009 and two earlier attempts to procure them have failed. Sources said that the aircraft will be bought under the Buy Global option given the limited numbers needed.

Airbus says it plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker

Britain’s economy fell into a recession in the second half of 2023, a tough backdrop ahead of this year’s expected election for Prime Minister Rishi Sunak who has promised to boost growth.

WASHINGTON (Reuters) -The Federal Aviation Administration's top official said on Thursday he will discuss Boeing (NYSE:BA)'s quality control and manufacturing practices at a Washington meeting with company executives, after a panel blew out of a 737 MAX plane in flight in January.

By Suban Abdulla and Andy Bruce

By Tim Hepher

By William Schomberg and Suban Abdulla

Federal officials are investigating an incident in which an American Airlines jet ran off the end of a runway after landing at Dallas-Fort Worth International Airport over the weekend

By Dietrich Knauth

LONDON (Reuters) -As China's troubled markets take time out for the Lunar New Year holiday, U.S. inflation numbers, key UK data, Russia's central bank meeting and an election in the world's third-largest democracy vie for the spotlight.

A new poll by the Associated Press and NORC Center for Public Affairs Research finds most Americans believe air travel is generally safe in the U.S. The poll was released Friday

An attorney representing passengers of an Alaska Airlines flight that lost a door plug in midair says a “whistling sound” was heard on a previous flight of the same Boeing 737 Max 9

Boeing executives extended an olive branch to the company's strained supply chain this week to help them deal with the fallout of the latest 737 MAX crisis, but those firms are taking a wait-and-see attitude after years of dealing with the planemaker's hard-line approach. The aerospace giant's shift in tone was underlined by a speech on Wednesday by Ihssane Mounir, Boeing's vice president of supply chain and fabrication, at an aerospace conference outside Seattle. «We build the airplane together. There's no you and us. It's just us,» he said.

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