Page 3 - Boeing 737 Max

How Boeing's plea deal could affect planemaker: All you need to know

The deal follows a DOJ finding in May that Boeing breached a 2021 agreement that had shielded it from prosecution

Boeing to plead guilty to avoid US criminal trial over 737 Max crashes

Boeing will plead guilty to a criminal fraud charge stemming from two deadly crashes of 737 Max jetliners after the government determined the company violated an agreement that had protected it from prosecution for more than three years, the Justice Department said Sunday night. Federal prosecutors gave Boeing the choice this week of entering a guilty plea and paying a fine as part of its sentence or facing a trial on the felony criminal charge of conspiracy to defraud the United States. Prosecutors accused the American aerospace giant of deceiving regulators who approved the airplane and pilot-training requirements for it. The plea deal, which still must receive the approval of a federal judge to take effect, calls for Boeing to pay an additional $243.6 million fine. That was the same amount it paid under the 2021 settlement that the Justice Department said the company breached. An independent monitor would be named to oversee Boeing's safety and quality procedures for three ...

After regulatory review, Boeing restarts new plane deliveries to China

New Boeing deliveries to China have been off and on since 2019 after two fatal crashes of MAX 8 jets and amid intensifying tensions over issues ranging from technology to national security

US justice dept wants Boeing to plead guilty to fraud over fatal crashes

The US Justice Department plans to propose that Boeing plead guilty to fraud in connection with two deadly plane crashes involving its 737 Max jetliners, according to two people who heard prosecutors detail the offer Sunday. Boeing will have until the end of the coming week to accept or reject the offer, which includes the giant aerospace company agreeing to an independent monitor who would oversee its compliance with anti-fraud laws, they said. The Justice Department told families of some of the 346 people who died in the 2018 and 2019 crashes about the plea offer during a video meeting, according to Mark Lindquist, one of the lawyers representing families who are suing Boeing, and another person who heard the call with prosecutors. Prosecutors told the families that if Boeing rejects the plea offer, the Justice Department would seek a trial in the matter, they said. Boeing declined to comment. The meeting came weeks after prosecutors told a federal judge that the American aerosp

Boeing in talks with US justice dept to resolve charges over safety lapses

The settlement could be announced as soon as next week and is expected to include imposing a corporate monitor on the world's second-largest planemaker

Boeing offers to buy 737 supplier Spirit AeroSystems for $35 per share

Spirit posted a net loss of $617 million and burned through $444 million in the first quarter, far more than analysts had expected

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

US prosecutors recommend DOJ criminally charge Boeing as deadline looms

The Justice Department must decide by July 7 whether to prosecute Boeing. The recommendation of prosecutors handling the case has not been previously reported

Malaysia-bound flight returns back to Hyderabad due to technical snag

The Boeing 737-800 aircraft departed at 12:45 am from Hyderabad and was scheduled to land at Kuala Lumpur International Airport at 7:10 am but it returned back around 4 am due to technical reasons

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

Boeing's CEO to face questions about plane safety from US senators

US lawmakers are expected to press Boeing's chief executive on 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 plan to be in the room, watching him. CEO David Calhoun is scheduled to appear before the Senate investigations subcommittee, which is chaired by Sen. Richard Blumenthal, D-Conn., a Boeing critic. The hearing will mark the first appearance before Congress by Calhoun or any other 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. The National Transportation Safety Board and the Federal Aviation Administration are conducting separate investigations. From the beginning, we took responsibility and cooperated transparently with the NTSB and the FAA, Calhoun said in remarks prepared for the

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

Boeing to face FAA scrutiny for foreseeable future after mid-air blowout

The FAA will also keep closer tabs on other aerospace manufacturers with more active, in-person oversight to supplement the agency's audits, Whitaker said

Boeing sales tumble as firm gets no orders for 737 Max for second month

Boeing received orders for only four new planes in May and for the second straight month, none for its best-selling 737 Max, as fallout continues from the blowout of a side panel on a Max during a flight in January. The results released Tuesday compared unfavourably with Europe's Airbus, which reported orders for 27 new planes in May. Boeing also saw Aerolineas Argentinas cancel an order for a single Max jet, bringing its net sales for the month to three. The dismal results followed poor figures for April, when Boeing reported seven sales none of them for the Max. Boeing hopes that the slow pace of orders reflects a lull in sales before next month's Farnborough International Airshow, where aircraft deals are often announced. But the Federal Aviation Administration is capping Boeing's production of 737s after a door plug blew out from an Alaska Airlines Max, allegations by whistleblowers that Boeing has taken shortcuts to produce planes more quickly, and reports of falsified ...

Akasa on path to profitability; will launch more int'l flights: Co-founder

Akasa Air is well on the path to profitability and will fly to more international destinations, including in South Asia and Southeast Asia, according to its Co-Founder Aditya Ghosh. In less than two years of taking to the skies, Akasa Air has a fleet of 24 planes and has more than 4,000 employees. In an interview to PTI in the national capital, Ghosh, who has donned multiple and diverse roles during his career, said that airlines are becoming more of a consumption story in India. "We will increasingly see it as consumer-focused businesses where the learnings which are there from ecommerce companies will help us address the needs and behaviour of consumers better in the transportation business," he said. Among other roles, he had served as IndiGo's President and Whole Time Director for ten years till 2018. When a customer-focused and employee-centric organisation is being built, it is also important to build a financially sustainable business, Ghosh said and emphasised that Akasa A

737 MAX case: Boeing CEO to testify before US Senate panel on June 18

The Federal Aviation Administration (FAA) in February barred Boeing from boosting 737 MAX production after a door panel blew out during a Jan 5 flight on a 737 MAX 9 operated by Alaska Airlines

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

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