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Boeing's Stephanie Pope to lead commercial airplanes unit in major reshuffle | Business News

Boeing Co CEO Dave Calhoun will step down by year-end, the company said on Monday, and named long-time insider and current COO Stephanie Pope as head of its commercial airplanes division, replacing Stan Deal. Pope was appointed to the newly created role of chief operating officer in December, likely making her one of the top […]

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Delta expects Boeing 737 Max 10 may be delayed until 2027, Bloomberg says

The airline announced in July 2022 that it would buy 100 Boeing 737 MAX 10 jets worth about $13.5 billion at list prices and has options to buy another 30 and was looking to begin receiving the planes in 2025. "We were already anticipating if it came in ‘25, it'd be late in the year," Delta's Chief Executive Officer Ed Bastian told Bloomberg in an interview Sunday. Delta is "comfortable" with protections it negotiated against possible delays in its contract to buy the Max 10, Bastian said, declining to be more specific, according to the report.

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Boeing posts narrower loss, delays outlook; shares gain

Boeing Co executives on Wednesday stood by their financial targets for 2025-2026 and said the company is working hard to regain the confidence of regulators and customers after a mid-air cabin-panel blowout on a 737 MAX aircraft, lifting its shares 6.1%. As expected, CEO Dave Calhoun did not offer a financial or delivery forecast for 2024, stating that the company must focus on delivering quality airplanes. However, Chief Financial Officer Brian West said during an earnings call the company remains confident it will reach free cash flow of about $10 billion and 737 production of 50 per month in the 2025-2026 timeframe, as the company outlined in November 2022.

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Boeing Door Bolts in Focus After Airlines Find Loose Parts

(Bloomberg) -- Air-safety officials probing last week’s fuselage blowout on a Boeing Co. 737 aircraft have turned their attention to four bolts they’ve been unable to locate and said they may widen their investigation beyond the Max 9 variant after multiple airlines found loose parts.Most Read from BloombergIPhone Survives 16,000-Foot Fall, Helps Steer Jet-Panel HuntChinese Billionaire Is Second-Biggest Foreign Owner of US LandUS and Allies Met Secretly With Ukraine on Peace PlanXi, Biden and th

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Senate confirms FAA leader after 19-month vacancy

The Senate on Tuesday confirmed Michael Whitaker to a five-year term running the Federal Aviation Administration.

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Air Force One debacle: Boeing has now lost more than $1 billion on each of the president's two new jets | Business

New York (CNN) — Cost overruns for the new Air Force One jets continue to pile on massive losses for Boeing.

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Senate confirms FAA leader after 19-month vacancy

The Senate on Tuesday confirmed Michael Whitaker to a five-year term running the Federal Aviation Administration.

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Rolls Royce: Aircraft engine maker plans up to 2,500 job cuts worldwide

Aircraft engine maker Rolls-Royce will slash up to 2,500 jobs worldwide in a bid to streamline its operations and tackle years of underperformance.

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Biden's FAA pick ready to face Senate confirmation hearing

When Michael Whitaker last worked at the Federal Aviation Administration, his tasks included bringing air traffic control – which tracked airplanes using strips of paper – into the 21st century.

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China Eastern Airlines just made the biggest Comac C919 order ever, for 100 planes

China Eastern Airlines said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices, in what would be the largest ever order for the jet made by the Commercial Aircraft Corporation of China (COMAC).

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