Bloomberg News

Boeing surges most since June on optimism over MAX comeback

(Bloomberg) – Boeing Co. jumped after providing more detail on how the 737 MAX will return to the skies – even as the company backed away from earlier assurances that the grounded jet would win full regulatory approval by year-end. The U.S. Federal Aviation Administration is on track to certify redesigned flight-control software by mid-December, […]

Boeing CEO, Removed as Chairman, Near Last Chance on 737 Max

(Bloomberg) — The clock is ticking ever more loudly for Boeing Co. Chief Executive Officer Dennis Muilenburg as the grounding of the 737 Max hits the seven-month mark. The board removed him as chairman Oct. 11 after the close of the workweek, saying the change would enable Muilenburg to focus on returning Boeing’s best-selling jet […]

UPS seeks airline-type status for long-distance drone deliveries

United Parcel Service is seeking approval to operate delivery drones under the same rules as a private jet service, unlocking the potential to carry health-care packages over long distances between hospitals. The company is working with the U.S. Federal Aviation Administration to obtain Part 135 certification this year, a step toward freeing it from current commercial […]

Boeing’s 737 MAX may stay grounded until 2020, WSJ says

Boeing Co.’s 737 MAX may stay grounded until early 2020, the Wall Street Journal reported, months later than the guidance the planemaker is privately providing customers for resolving a software issue that surfaced last month. The plane is expected to start flying again in January 2020 “under the latest scenario,” the Journal said, citing unidentified sources within […]

Bombardier caps commercial-jet exit with CRJ sale to Mitsubishi

Bombardier Inc. is selling its regional-jet business to Mitsubishi Heavy Industries Ltd., ending the Canadian company’s foray into commercial aircraft after more than three decades. Mitsubishi agreed to pay $550 million for the maintenance, support, marketing and sales operations of the aging CRJ program, the companies said Tuesday. The Tokyo-based manufacturer, which is developing the […]

FedEx Trims Amazon Ties as Retailer Flexes Delivery Muscles

FedEx Corp. said it wouldn’t renew its U.S. air-delivery contract with Amazon.com Inc., paring a key customer relationship as the largest online retailer deepens its foray into freight transportation. The new focus will be on “serving the broader e-commerce market,” with U.S. package volume from online shopping expected to double by 2026, FedEx said in […]
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