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Boeing earnings: Plane maker beats on Q4 results but suspends guidance on 737 Max fallout

Boeing reported a fourth quarter result that topped expectations, but the plane maker suspended its guidance as it continues to deal with the fallout from an accident involving an Alaska Airlines 737 Max 9, which suffered a door “plug” blowout while in flight in early January.
United States Dave Calhoun Robert Spingarn Alaska Airlines Melius Research United Airlines
Source: yahoo.com

Boeing declines to predict 2024 results amid 737 Max 9 uncertainty

Boeing has declined to offer its 2024 predictions amid the uncertainty and fallout from the 737 Max 9 grounding after a door panel blew off a flight earlier this month. “While we often use this time of year to share our update our financial and operational objectives, now is not the time for that,” CEO…
United States David Calhoun Alaska Airlines Aviation Administration Associated Press Federal Aviation Administration
Source: yahoo.com

Facing scrutiny over quality control, Boeing withdraws request for safety exemption

Facing severe criticism after a door plug blew out on a 737 Max over Oregon this month, Boeing said Monday that it is withdrawing a request for a safety exemption needed to certify a new model of the plane. The company asked federal regulators late last year to allow it to begin delivering its 737 Max 7 airliner to customers even though it does not meet a safety standard designed to prevent part of the engine housing from overheating and breaking off during flight. Maria Cantwell, chair of the...
United States Tammy Duckworth Maria Cantwell Alaska Airlines Aviation Administration Southwest Airlines
Source: yahoo.com

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Ryanair sees Boeing MAX 10 flying in first quarter of 2025

DUBLIN (Reuters) -Ryanair has told Boeing that if any U.S. customers refuse to take delivery of 737 MAX 10 aircraft, that it would buy them "at the right price," executives said on Monday. The Irish airline, Europe's largest by passenger numbers, already has 150 firm orders for the MAX 10, the largest jet in the 737 family, and options for 150 more, with the first deliveries due in 2027. It said it expects the jet to be certified by the end of the year and flying early next year...
Conor Humphries Neil Sorahan Chief Financial Officer Neil Sorahan Jamie Freed Scott Kirby 37 Max
Source: yahoo.com

Factbox-How many variants of 737 MAX planes does Boeing make?

The FAA launched a formal investigation into the 737 MAX 9, grounding the planes for safety checks and tightening oversight of Boeing itself on Jan. 12, after the Alaska Air incident. The single-aisle 737 MAX, launched in 2011, is Boeing's cash cow and investors keep a close watch on its production and deliveries. Boeing handed over 387 MAX aircraft in 2023 and had unfulfilled orders for 4,783 MAX jets, according to its website.
United States Aatreyee Dasgupta Kannaki Deka Pooja Desai Ge Aerospace Southwest Airlines
Source: yahoo.com

Small Boeing suppliers lament new turmoil around 737 planes

Hobart is one of many suppliers that dot Boeing's home turf around Puget Sound in Washington state, and the Bresters had planned to double their four-person workforce to meet Boeing's ambitions for increased production of its best-selling 737 jets. Hobart supplies parts to larger companies that sell directly to Boeing. Those plans are now up in the air after U.S. regulators curbed Boeing's production following a mid-air jet panel blowout, and the Bresters are not alone.
Puget Sound United States France General Abhijith Ganapavaram Larry Brester Tim Hepher
Source: yahoo.com

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