Page 24 - Patrick Ky News Today

AVweb A trifecta of business cataclysms—COVID-19’s impact on air travel, the 737 MAX grounding, and a slow recovery in international air travel that has depressed demand for widebody aircraft—has dramatically impacted Boeing’s bottom line. In releasing its fourth-quarter 2020 financials today, Boeing says revenue declined by 15 percent in the fourth quarter and was down overall by 24 percent for the year compared to 2018, which was a significantly down year compared to 2...

Boeing Posts Wider-Than-Forecast Q4 Loss, Delays 777X Launch: Revenues Beat TheStreet 1/27/2021 © TheStreet Boeing Posts Wider-Than-Forecast Q4 Loss, Delays 777X Launch: Revenues Beat Boeing Co. posted a much wider-than-expected fourth quarter loss Wednesday, and delayed the launch of its 777X widebody, as the planemaker continues to grapple with generational changes in airline demand triggered by the global coronavirus pandemic. Popular Searches Boeing said its adjusted core loss for the...

By David Kaminski-Morrow2021-01-27T16:33:00+00:00 One crucial consequence of the Boeing 737 Max scrutiny is that development and certification work for the 737-10 will differ substantially from that of the earlier Max variants. Extensive analysis by the US FAA and European Union Aviation Safety Agency following the Max grounding two years ago has led not only to modifications on the current 737-8 and -9 but new requirements to be introduced with the -10. These will include an angle-of-attack ...

The Straits Times Video of Boeing 737 Max cleared for return: EU regulators VIDEO: REUTERS https://str.sg/JKn2 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News T...

Boeing Co posted a record $12bn annual loss on Wednesday as it delayed its all-new 777X jet again and booked a $6.5bn charge for the programme. The coronavirus crisis has exacerbated a drop in demand for the industry’s largest jetliners, with airline customers shunning deliveries of planes due to international travel restrictions, hurting cash flow at the United States planemaker. Boeing said it expects the 777X, a larger version of the 777 mini-jumbo, to enter service by late 2023, delaying ...

Boeing 737 MAX declared safe in Europe after deadly crashes James Sillars, business reporter © Associated Press A Boeing 737 MAX aircraft completes a test flight in Seattle. Pic: AP The 737 MAX has been cleared to resume passenger flights in Europe in a boost for Boeing as it revealed a record annual loss for the company of almost $12bn (£8.7bn). The US plane maker has been locked in crisis mode since the flagship models of its fleet were grounded globally in March 2019 foll...

Share Photo Credit: Boeing The European Union Aviation Safety Agency (EASA) has approved the return to service of a modified version of the Boeing 737 MAX. The aircraft was grounded worldwide in March 2019 following two accidents within six months of each other, which together claimed 346 lives. The root cause of the accidents was traced to the plane’s Maneuvering Characteristics Augmentation System (MCAS), which was designed to make the plane easier to handle. However, the M...

European aviation agency clears Boeing 737 Max to resume flights 27 Jan 2021 After nearly two years of reviews, the aircraft will take to the skies once again. A modified version of the Boeing 737 Max, incorporating multiple safety upgrades, has been approved to resume flights in Europe, following nearly two years of reviews after the aircraft was involved in two deadly crashes that saw the planes grounded worldwide, the European aviation safety agency said Wednesday...

According to the EASA, the root cause of the accidents was traced to software known as the Maneuvering Characteristics Augmentation System, which is intended to make the plane easier to handle. However, the system was guided by only one “angle of attack” sensor, that kicked in repeatedly if that sensor malfunctioned, pushing the nose of the aircraft downward multiple times. In both accidents, pilots finally lost control of the aircraft, resulting in a crash. The European regulators issued a...

A Boeing 737 Max airliner is shown at the Boeing Factory in Renton, Wash., in November. European aviation regulators gave the all-clear airliner to return to service following a pair of deadly crashes in 2018 and 2019. Credit: AFP via Getty Images Boeings 737 Max Cleared To Return To European Skies, Regulator Says By at 7:00 am NPR Europes aviation authority has given an all-clear for Boeings beleaguered 737 Max plane, with modifications, to return to service...