Feb. 8—Boeing Co.’s newest jetliner is becoming its latest big problem, stretching out development, racking up a huge charge and complicating the plane maker’s bid to navigate the Covid-19 pandemic.
When Boeing decided to build the 777X in 2013, engineers designed it for airlines w
Boeing’s New Big Plane Is Its Big New Problem
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(REUTERS)
. Updated: 06 Feb 2021, 02:28 PM IST The Wall Street Journal
U.S. aerospace company last year booked $6.5 billion charge related to new 777X, citing Covid-19 pandemic and regulatory hurdles
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Boeing Co.’s newest jetliner is becoming its latest big problem, stretching out development, racking up a huge charge and complicating the plane maker’s bid to navigate the Covid-19 pandemic.
When Boeing decided to build the 777X in 2013, engineers designed it for airlines wanting to connect the globe’s major cities and carry some 400 passengers more efficiently than any of its earlier widely used jets. As the latest version of Boeing’s long-range jetliner introduced in the 1990s, it features two giant, fuel-efficient engines and big wings that fold so they can pull up to airport gates.
29 Jan 2021 / 00:02 H.
Jan 29 (Reuters) - More than half of the world s airline pilots are no longer flying for a living amid the plunge in demand during the coronavirus pandemic, according to a new survey, and those that are still flying feel less valued by their employers.
A poll of nearly 2,600 pilots by UK-based GOOSE Recruitment and industry publication FlightGlobal, released on Thursday, found only 43% were doing the job they had trained for, with 30% unemployed, 17% furloughed and 10% in non-flying roles.
Many pilots that are still flying have faced deteriorating working conditions. Hong Kong s Cathay Pacific Airways Ltd , for example, instituted permanent pay cuts of up to 58%, and Turkish Airways and Singapore Airlines Ltd have temporarily lowering salaries.