#Boeing shares plunge as technical problems persist

#Boeing shares plunge as technical problems persist

“Boeing shares plunge as technical problems persist” Boeing unveiled $2.7 billion in charges and added costs across its aircraft portfolio on Wednesday, and expressed doubts over hitting jet delivery targets as technical problems, inflation and supplier risks cloud its path toward recovery. Shares of the US planemaker fell to a nearly 1-1/2 year low after it posted a…

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#Boeing posts first profit in almost 2 years

#Boeing posts first profit in almost 2 years

“#Boeing posts first profit in almost 2 years” Boeing on Wednesday posted its first quarterly profit in almost two years, as deliveries of its best-selling 737 MAX jets to airlines gained traction amid a sharp rebound in travel bookings following an increase in global COVID-19 vaccinations. The 737 MAX is integral to Boeing’s financial recovery, as the US planemaker scrambles to recoup billions of dollars in lost…

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#Boeing slows 787 production rate to fix structural defect

#Boeing slows 787 production rate to fix structural defect

“#Boeing slows 787 production rate to fix structural defect” Boeing said on Tuesday that it will cut its 787 production rate as it works through a new structural defect in its troubled twin-aisle airliner program in another obstacle to recovery from the coronavirus pandemic’s impact. The company now forecasts delivering fewer than half of the lingering…

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#Boeing’s largest 737 Max model jets off on maiden flight

#Boeing’s largest 737 Max model jets off on maiden flight

“#Boeing’s largest 737 Max model jets off on maiden flight” Boeing’s 737 Max 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday from a Seattle-area airport, according to a Reuters witness. The plane departed at 10:07 a.m. PDT from the Renton Municipal airport near Seattle, presaging months of…

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#Boeing to pay M to settle 737 jet production issues

#Boeing to pay $17M to settle 737 jet production issues

“#Boeing to pay $17M to settle 737 jet production issues” Federal officials say Boeing will pay at least $17 million and take steps to fix production problems on its 737 jets including the Max. The Federal Aviation Administration said Thursday that the settlement covers the installation of unapproved sensors and other parts on some Boeing…

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