Alexander Cornwell
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DUBAI, Jan 13 (Reuters) - Emirates Airline President Tim Clark on Wednesday said Boeing Co’s 777X might not enter into service with airlines until 2023 or even later, amid uncertainty over the development timeline of Boeing’s biggest twin-engine jet and when it will be certified.
Boeing has been developing the widebody jet, a new version of its popular 777 aircraft, with the goal of releasing it in 2022, already two years later than planned.
The 777X will be the first major jet to be certified since software flaws in two Boeing 737 MAX planes caused fatal crashes and prompted accusations of cozy relations between the company and the U.S. Federal Aviation Administration (FAA).
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CHICAGO, Jan. 6, 2021 /PRNewswire/ The Boeing Company [NYSE: BA] will release its financial results for the fourth quarter of 2020 on Wednesday, January 27.
President and Chief Executive Officer David Calhoun and Executive Vice President of Enterprise Operations and Chief Financial Officer Greg Smith will discuss the results and company outlook during a conference call that day at 10:30 a.m. ET.
The event can also be accessed by dialing 1-877-692-8955 within the U.S. and by dialing 234-720-6979 outside of the U.S. The passcode for both is 8868170.
Individuals should check the webcast site prior to the session to ensure their computers can access the audio stream and slide presentation. Instructions for obtaining the required free downloadable software will be posted on the site.
America s Zombie Companies Rack Up $2T of Debt 1490wosh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 1490wosh.com Daily Mail and Mail on Sunday newspapers.
America’s Zombie Companies Rack Up $2 Trillion of Debt
Bloomberg 12/16/2020
(Bloomberg) They were once America’s corporate titans. Beloved household names. Case studies in success.
But now, they’re increasingly looking like something else zombies. And their numbers are swelling.
From Boeing Co., Carnival Corp. and Delta Air Lines Inc. to Exxon Mobil Corp. and Macy’s Inc., many of the nation’s most iconic companies aren’t earning enough to cover their interest expenses (a key criterion, as most market experts define it, for zombie status).
More than 200 corporations have joined the ranks of so-called zombie firms since the onset of the pandemic, according to a Bloomberg analysis of financial data from 3,000 of the country’s largest publicly-traded companies. In fact, zombies now account for nearly a quarter of those firms. Even more stark, they’ve added almost $1 trillion of debt to their balance sheets in the span, bringing total obligations to $1.98 trill
Boeing Co. has widened its inspections of newly built 787 Dreamliner planes to hunt for additional manufacturing defects that could prematurely age the jets’ carbon-fiber frames. While US regulators say the faults don’t pose an immediate hazard, the emergence of another flaw in Boeing’s most advanced jetliner is slowing deliveries and raising doubts about quality controls. The company didn’t deliver any 787 jets in November, Chief Financial Officer Greg Smith said earlier this month, citing inspections that took longer than expected. The latest issue involves tiny variances, or wrinkles, in the interior lining where composite fuselage barrels are linked to create the Dreamliner’s structure.