Southwest Airlines CEO Gary Kelly says software issues in Boeing’s 737 MAX plane that crashed twice and was grounded for the longest period in aviation history have "easily been addressed."
The 737 Max was grounded for nearly two years, a period of intense scrutiny for planemaker Boeing, whose CEO stepped down in December.
Spirit AeroSystems Inc. is the biggest winner from the Federal Aviation Administration’s decision to allow the Boeing 737 Max aircraft to return to service, according to UBS.
Southwest has conducted research on the Boeing Co jet throughout its 20-month grounding, which was sparked by two fatal crashes, to understand customers' awareness of the topic and confidence in the aircraft, a spokesman said.
The Federal Aviation Administration has rescinded its grounding order for Boeing's 737 Max jet, allowing the aircraft to return to the skies after certain modifications are made.
Chinese airlines will need 8,600 new airplanes through 2039, 6.3% higher than Boeing's previous prediction
The European Union's decision to impose tariffs of 15% on Boeing planes this week could hobble its jet deliveries in Europe
The Federal Aviation Administration’s move to lift the MAX fleet’s grounding, expected to be promptly followed by regulators in Canada, Brazil, Europe and elsewhere, follows extensive delays and public debate that roiled the industry and plunged Boeing into its biggest financial crisis prior to the pandemic.
"We expect that this process will be finished in the coming days, once the agency is satisfied that Boeing has addressed the safety issues that played a role in the tragic loss of 346 lives aboard Lion Air Flight 610 and Ethiopian Airlines Flight 302," FAA Administrator Steve Dickson told FOX Business in a statement. "The FAA continues to engage with aviation authorities around the world as they prepare to validate our certification decision."
A year ago, the World Trade Organization authorized the United States to slap penalties on EU goods worth up to $7.5 billion - including Gouda cheese, single-malt whiskey and French wine - over European support for Boeing rival Airbus.
Monday was the deadline for comments about the FAA's training proposal
General Electric Co. on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares 10% higher.
Stocks sank on Wednesday as COVID-19 fears gripped investors across the globe as Germany and France announced new lockdown measures.
Boeing Co. reported a fourth straight quarterly loss and warned employees of job cuts as the coronavirus pandemic and grounding of the 737 Max aircraft weighed on sales.
China's government said Monday it will impose sanctions on U.S. military contractors including Boeing Co.'s defense unit and Lockheed Martin Corp. for supplying weapons to rival Taiwan, stepping up a feud with Washington over security and Beijing's strategic ambitions.
Plane maker reportedly has held discussions with customers -- including airplane leasing companies -- about potential interest
American Airlines is planning to reintroduce Boeing 737 Max jets to service in late December, on the condition that the FAA deems it safe to do so.
U.S. airlines expect it will be years before their business recovers from the coronavirus pandemic, even after pulling together over $100 billion by tapping government aid and mortgaging assets including planes and frequent-flier programs.
Boeing shares took off Friday after the European Union’s top aviation regulator cleared the 737 Max jet to return to the skies as soon as this year.
Boeing Co. on Thursday announced plans to end 787 aircraft production in Washington state and consolidate its assembly in South Carolina starting in mid-2021.