Boeing

Boeing faces possible new FAA enforcement action over alleged regulatory lapses

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.

FAA enters 'final stages' of Boeing 737 Max review

"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."

GE's shares soar as earnings recover from pandemic lows

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.

China to impose sanctions on US arms suppliers to Taiwan

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.

Airlines plan for prolonged coronavirus travel drought

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.