Boeing is planning to cash out a loan meant to cover costs related to the grounding of the 737 Max passenger jet as it faces with fresh market volatility.
Disclosed troves of internal Boeing documents highlighted company employees'safety concerns about the 737 Max before hundreds of people were killed in two crashes.
In his eight weeks on the job,Boeing's chief executive,David Calhoun,has come to one overriding conclusion:Things inside the aerospace giant were even worse than he thought.
In the weeks before Boeing halted 737 Max production,executives took a hard look at all the personnel who'd be left with little to do when the last jets rolled out. The conclusion they came to,though,was surprising.
With the 737 Max having been grounded for nearly a year,Boeing is getting creative as it works towards getting it back into the air.
Qantas chief executive Alan Joyce says his airline's unmatched safety reputation positions it to negotiate a cut-price deal with Boeing for a new fleet of 737MAX aircraft when the grounded jet returns to the skies.
In theory,building commercial planes is a fantastic business and demand is booming. But not everything is going to plan.
Boeing booked no new orders for planes last month as the planemaker continues to grapple with the 737 MAX crisis.
Boeing and US safety officials refused to answer questions by Dutch politicians into a deadly crash near Amsterdam in 2009 that had striking parallels with two more recent accidents involving the 737 MAX jet.
The new software problem could complicate Boeing's efforts to return the Max to service by mid-2020.
The plane manufacturer swung to its first annual loss since 1997 as costs stemming from the twin 737 Max tragedies doubled.