Explore Business Standard
US aircraft maker Boeing, which has faced multiple headwinds, plans to ramp up the production of its narrow-body B737 planes to 47 per month. From September onwards, the company increased the monthly production number to 42 from 38 planes. Katie Ringgold, Vice President and General Manager, 737 Program, and the Renton Site Leader for Boeing Commercial Airplanes, said 2025 is a year of stability and 2026 will be a year of growth. At a briefing at the Renton facility last week, she said the production rate will increase to 47 per month "in late spring or early summer of next year". Boeing 737 variants are widely operated by Indian carriers -- Air India, Air India Express, Akasa Air, and SpiceJet. Together, more than 150 such planes are in operation in India, and around 400 of these planes are on order by the Indian airlines. IndiGo also operates leased B737 aircraft. There has been a delay in deliveries of the Boeing 737 planes due to various issues. Ringgold said that if the Rento
Boeing said Monday it has completed a $4.7 billion purchase of key supplier Spirit AeroSystems, which builds fuselages for the giant aerospace company's 737 Max jetliners, including an Alaska Airlines aircraft that suffered a door-panel blowout last year. The deal, in the works for over a year, also brings Boeing's largest provider of spare parts in-house. CEO Kelly Ortberg called it a pivotal moment for Boeing's future. As we welcome our new teammates and bring our two companies together, our focus is on maintaining stability so we can continue delivering high quality airplanes, differentiated services, and advanced defense capabilities for our customers and the industry," Ortberg said in a statement. Boeing previously owned Wichita, Kansas-based Spirit but spun it off in 2005. Reabsorbing the company, which is not related to Spirit Airlines, reverses a longtime Boeing strategy of outsourcing major work on its passenger planes an approach that faced mounting criticism in recent ..
The first civil trial over a Boeing 737 Max crash in Ethiopia more than six years ago opened Wednesday before a federal court jury that was asked to decide how much the American aerospace company must pay to the family of one of the 157 victims. The eight-person jury in Chicago, where Boeing used to have its headquarters, had been expected to set financial compensation amounts for the families of two women who were among the people who died when Ethiopian Airlines Flight 302 plunged to the ground in March 2019. But moments before jurors arrived in the courtroom for opening statements, US District Judge Jorge Luis Alonso was notified that one of the cases had been settled out of court. We are grateful, Fredrick Musau Ndivo, the father of Mercy Ndivo, a 28-year-old mother originally from Kenya, told the judge after his family reached a settlement with Boeing. We wish you the best and wish the legal system of America to hold up the rights and justice for the people for all walks of ...