Malaysia Airlines suspends taking delivery of Boeing 737 MAX jets due to grounding

KUALA LUMPUR (Reuters) – Malaysia Airlines said on Wednesday it has suspended taking delivery of 25 Boeing (BA.N) 737 MAX jets, citing the plane’s delayed return to service since it was grounded last year following two fatal crashes. “In view of the production stoppage and the delayed return to service of the 737-MAX, Malaysia Airlines has suspended the delivery of […]

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New Boeing boss David Calhoun is a tough-minded veteran of crisis

Boeing CEO Dennis Muilenburg steps down Boeing CEO Dennis Muilenburg steps down amid continued 737 Max safety concerns. FOX Business’ Grady Trimble with more. Beleaguered Boeing Co is putting its future in an industrial veteran who has led several companies in crisis, began his career at engine maker General Electric Co and has already spent a decade on the board […]

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'Bull's-eye' landing in New Mexico for Boeing's Starliner astronaut capsule

WASHINGTON (Reuters) – Boeing Co (BA.N)’s Starliner astronaut spacecraft landed in the New Mexico desert on Sunday, the company said, after faulty software forced officials to cut short an unmanned mission aimed at taking it to the International Space Station.  The landing at 7:58 a.m. ET (1258 GMT) in the White Sands desert capped a turbulent 48 hours for Boeing’s […]

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Boeing's failed Starliner mission strains 'reliability' pitch

SEATTLE/CAPE CANAVERAL (Reuters) – Boeing Co’s (BA.N) stunted Friday debut of its astronaut capsule threatens to dent the U.S. aerospace incumbent’s self-declared competitive advantage of mission reliability against the price and innovation strengths of “new space” players like Elon Musk’s SpaceX. Boeing, the world’s largest aerospace company, has anchored its attempt to repel space visionaries like Musk and Amazon.com (AMZN.O) […]

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Boeing is halting production of the embattled 737 Max

London (CNN Business)An Irish company that sells and leases aircraft has filed a lawsuit seeking to cancel an order for 22 of Boeing’s 737 Max jets and collect at least $185 million in damages. The company, Timaero, alleged in documents filed Tuesday in a US district court that Boeing (BA) had acted fraudulently in selling the troubled aircraft. “Boeing deliberately […]

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Airbus shares rise after latest Boeing 737 MAX blow, Safran down

PARIS (Reuters) – Shares in European aerospace group Airbus rose on Tuesday, after archrival Boeing said it would suspend production of its best-selling 737 MAX jetliner in January. Airbus shares were up 1.6% in early trading while those in French aerospace company Safran, a supplier to Boeing, were down 2.1%. On Monday, Boeing said it would suspend production of its […]

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