Boeing posts nearly $3 billion Q2 loss on Max groundings
Thursday, July 25, 2019, 8:32 PM
Boeing reported a second-quarter loss of $2.9 billion on Wednesday as the grounding of 737 Max following two deadly crashes continues to weigh on the company. The loss, the biggest ever in a single quarter for the aerospace giant, follows last week's announcement that Boeing would set aside $4.9 billion after taxes to compensate airlines for cancelled flights and the delay in plane deliveries.
Boeing Must Work More On Proposed 737 Fix: US Regulator
Tuesday, April 2, 2019, 9:11 AM
Boeing must perform more work on a proposed fix to its 737 MAX aircraft before it can be submitted for review, US officials said Monday, suggesting the planes could stay grounded a while longer. Additional work is needed "to ensure that Boeing has identified and appropriately addressed all pertinent issues," a Federal Aviation Administration spokesman said in a statement.
Federal Aviation Administration retains highest aviation safety ranking for India
Wednesday, December 19, 2018, 6:49 AM
The US Federal Aviation Administration (FAA) has retained India's aviation safety rating at Category 1, a spokesman at India's aviation regulator said on Tuesday. FAA had conducted an audit of the Directorate General of Civil Aviation (DGCA) in July the third since 2013 to confirm India's adherence to standards laid down by the International Civil Aviation Organisation and oversight of Indian airlines.