Page 4 - Airbus Boeing

Airbus cuts key industrial, financial targets, takes hefty space charge

Yielding to growing scepticism among suppliers over its plans for jet output, Airbus lowered its widely watched forecast for deliveries this year to around 770 jets from around 800

737 Max crash victims' families demand $25 billion fine on Boeing

The letter comes a day after Boeing Chief Executive Officer Dave Calhoun faced a public grilling from US senators, who called on the company to fix its "broken safety culture"

Boeing CEO Calhoun apologises to relatives of 737 Max crash victims

US lawmakers prepared to press Boeing's chief executive Tuesday about the company's latest plan to fix its manufacturing problems, and relatives of people who died in two crashes of Boeing 737 Max jetliners were in the room to remind him of what was at stake. CEO David Calhoun appeared before the Senate investigations subcommittee, which is chaired by Sen. Richard Blumenthal, D-Conn., a Boeing critic. Blumenthal opened the hearing by recognising the relatives of the crash victims and the family of a Boeing whistleblower who died by suicide earlier this year. This hearing is a moment of reckoning, the senator said. "It's about a company, a once iconic company, that somehow lost its way." Calhoun's appearance before Congress was the first by a high-ranking Boeing official since a panel blew out of a 737 Max during an Alaska Airlines flight in January. No one was seriously injured in the incident, but it raised fresh concerns about the company's best-selling commercial aircraft. Calho

FAA, EASA vow to boost collaboration on new airplane certification

Since two Boeing 737 MAX crashes in 2018 and 2019 that killed a combined 346 people, aviation regulators around the world have tightened oversight of new airplanes

Europe's Airbus frets over global trade tensions amid EU-China spat

China has historically roughly split its import needs between Airbus and its US rival Boeing

Current, former Boeing execs unlikely to be charged for 737 Max crashes

The department's decision about what to do next will advance just one of the multiple legal threats Boeing now faces after a fuselage panel blew off a 737 Max mid-flight in January

Boeing's first astronaut flight called off due to last minute issues

A last-minute problem nixed Saturday's launch attempt for Boeing's first astronaut flight, the latest in a string of delays over the years. Two NASA astronauts were strapped in the company's Starliner capsule when the countdown automatically was halted at 3 minutes and 50 seconds by the computer system that controls the final minutes before liftoff. With only a split second to take off, there was no time to work the latest trouble and everything was called off. It was not immediately clear why the computers aborted the countdown. Launch controllers were evaluating the data, said United Launch Alliance's Dillon Rice. But it's possible the team could try again as soon as Sunday, depending on what went wrong. Technicians raced to the pad to help astronauts Butch Wilmore and Suni Williams out of the capsule atop the fully fuelled Atlas V rocket at Cape Canaveral Space Force Station. Within an hour of the launch abort, the hatch was reopened. It was the second launch attempt. The first

Fitch lowers Boeing 2024 aircraft delivery, free cash flow forecasts

The rating agency forecasts from 350 to 370 737 MAX deliveries and about 65-70 787 deliveries in 2024, below previous expectations of about 400 and 75, respectively

FAA to not allow Boeing to boost 737 MAX production due to safety issues

The FAA's enhanced oversight of Boeing will continue in the coming months, with weekly meetings and quarterly exchanges between the heads of the company and the US regulator

Boeing due to tell regulators how it will fix aircraft safety, quality

Boeing is due to tell federal regulators Thursday how it plans to fix the safety and quality problems that have plagued its aircraft-manufacturing work in recent years. The Federal Aviation Administration required the company to produce a turnaround plan after one of its jetliners suffered a blowout of a fuselage panel during an Alaska Airlines flight in January. Nobody was hurt during the midair incident. Accident investigators determined that bolts that helped secure the panel to the frame of the Boeing 737 Max 9 were missing before the piece blew off. The mishap has further battered Boeing's reputation and led to multiple civil and criminal investigations. Whistleblowers have accused the company of taking shortcuts that endanger passengers, a claim that Boeing disputes. A panel convened by the FAA found shortcomings in the aircraft maker's safety culture. In late February, FAA Administrator Mike Whitaker gave Boeing 90 days to come up with a plan to improve quality and ease the

Boeing reaches tentative contract agreement with firefighters union

Boeing in early May locked out members of the International Association of Fire Fighters (IAFF) Local I-66 after they rejected two contract offers

Confident of meeting 2024 forecasts as air travel grows, says Rolls-Royce

Rolls-Royce, which makes engines for Airbus and Boeing's wide-body jets, aims to become more competitive company

Boeing whistleblower suicide: Police conclude investigation in case

A former Boeing manager who raised safety questions about the aircraft maker and was found dead after several days of depositions in South Carolina took his own life, police said on Friday after concluding their investigation. John Barnett, 62, of Louisiana, was found dead March 9, and police had said earlier that his injuries were self-inflicted. Barnett was a longtime Boeing employee and worked as a quality-control manager before he retired in 2017. In the years after that, he shared his concerns with journalists. Barnett said he saw discarded metal shavings near wiring for the flight controls that could have cut the wiring and caused a catastrophe. He also noted problems with up to a quarter of the oxygen systems on Boeing's 787 planes. Information and records reviewed during the investigation uncovered Mr Barnett's longstanding mental health challenges, which had intensified in connection with ongoing legal proceedings related to his whistleblower case, police said in a ...

As India orders more planes, aerospace firms ask govt for a helping hand

Indian aerospace manufacturers are eyeing a boost in orders from local airlines, aiming to strengthen ties with international giants like Airbus and Boeing

Airbus delivers 61 aircraft in April up 13%, reaffirms A350F timeline

So far this year, the world's largest planemaker has sold 227 planes - or 222 after allowing for the conversions within the IAG airline group's order book

Etihad CEO Neves considers buying few Airbus, Boeing jets over next 5 years

Most of those new aircraft will be added through existing orders for Airbus A320s and A350s and Boeing 787s but some would need to be sourced from the leasing market and planemakers

Airbus stays humble even as Boeing flounders; Here's the reason

In the latest round of their decades-long battle for dominance in commercial aircraft, Europe's Airbus established a clear sales lead over Boeing even before the American company encountered more fallout from manufacturing problems and ongoing safety concerns. Airbus has outpaced Boeing for five straight years in plane orders and deliveries, and just reported a 28% quarterly increase in net profit. It was already winning market share by beating Boeing to develop a line of fuel-efficient, mid-sized aircraft that are cheaper for airlines to fly. And now Boeing is facing a government-mandated production cap on its best-selling plane. Yet the European company is unlikely to extend its advantage in the Airbus-Boeing duopoly much further despite having customers clamoring for more commercial aircraft, according to aviation analysts. The reason: Airbus already is making planes as fast as it can and has a backlog of more than 8,600 orders to fill. Its ability to leverage Boeing's troubles

WATCH: Boeing 737-800 plane engine cover falls off during takeoff in US

The Southwestern Airlines aircraft rose to 10,300 feet and was forced to return to the Denver International Airport, where it made a safe landing

Boeing's CEO David Calhoun got compensation worth $33 mn last year

Boeing CEO David Calhoun received compensation valued at $33 million last year, nearly all of it in stock awards, but his stock payout for this year will be cut by nearly one-fourth because of the drop in Boeing's share price since the January blowout of a panel on one of its planes in midflight. The company said Friday that after the accident on the Alaska Airlines Boeing 737 Max, Calhoun declined a bonus for 2023 that was targeted at nearly $3 million. Calhoun announced this month that he will step down at the end of the year as Boeing deals with multiple investigations into the quality and safety of its manufacturing. The company said in a regulatory filing that Calhoun got a salary of $1.4 million last year and stock awards valued at $30.2 million. Including other items, his compensation totalled $32.8 million, up from $22.6 million in 2022. Boeing stock has dropped since Jan 5, when a door-plug panel blew off an Alaska Airlines Max jetliner flying 16,000 (4,800 metres) feet ab

Boeing considers turning to outsider CEO for tackling spiraling crisis

Boeing board member David Gitlin has been widely mentioned as a potential CEO candidate