Airbus, in blow to Boeing, to launch new long-range jet

Boeing CEO acknowledges ‘mistakes’ in communication over 737 Max safety light malfunction Fox News senior judicial analyst Judge Andrew Napolitano with the latest on the fallout from the crashes of two Boeing 737 Max 8 jets. Airbus SE will manufacture a new long-range, single-aisle jetliner, the company announced on Monday, creating an opportunity for carriers in markets where demand for international […]

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Qatar Airways to seek compensation from Boeing over MAX grounding

ST PETERSBURG (Reuters) – Qatar Airways plans to seek compensation from Boeing over the grounding of three 737 MAX aircraft by Italian airline Air Italy, where the Qatari company is a major shareholder, group chief executive Akbar al-Baker told Reuters. Boeing MAX jets have been grounded worldwide and airlines are cancelling multimillion contracts following crashes in October and March that […]

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Boeing faces SEC probe into disclosures about 737 MAX problems: Bloomberg

(Reuters) – The U.S. Securities and Exchange Commission is probing whether Boeing Co provided sufficient disclosures about issues related to its 737 MAX jets, which have been grounded worldwide after two deadly accidents, Bloomberg reported on Friday. The SEC declined to comment and Boeing was not immediately available for comment. Source: Read Full Article

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Boeing facing 'potentially grave' legal liabilities: Judge Napolitano

Boeing’s problems are potentially grave with respect to civil, criminal liability: Judge Napolitano Fox News senior judicial analyst Judge Andrew Napolitano on the potential legal fallout from the two crashes of Boeing 737 Max 8 jets. Boeing said Sunday that it knew about the problems with the 737 Max for a year before the deadly Lion Air crash, before telling […]

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Boeing earnings and the 737 Max: The cash cow that is giving investors nothing right now

Boeing free cash flow declined by 15% in the first quarter, but that was in line with expectations as a result of the 737 Max suspension of deliveries in mid-March. The 737 Max is the cash-flow machine and projected to represent one-third of revenue in the next five years, and until investors know when deliveries will resume, the Boeing full-year […]

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UPDATE 1-Boeing axes 210 orders after India's Jet stops flying

(Adds CFO comment, details) April 24 (Reuters) – Boeing Co removed 210 aircraft from its order backlog and took an impairment charge over customer financing losses on Wednesday following the near-collapse of India’s Jet Airways. The adjustment pushed the world’s largest planemaker behind European rival Airbus in the race for business this year as both companies grappled with cancellations that […]

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