Bloomberg News

China nears takeover of HNA Group as virus hits business

China plans to take over indebted conglomerate HNA Group Co. and sell off its airline assets, the most dramatic step to date by the state to contain the deepening economic damage from the deadly coronavirus outbreak. The government of Hainan, the southern island province where HNA is based, is in talks to seize control of […]

Boeing 777X takes first flight into troubled skies for jumbos

Boeing Co.’s newest plane is preparing to spread its gargantuan wings—so long the tips are hinged—and rumble into the skies over the Washington factory complex constructed a half century ago for the original jumbo jet. First flights typically mark a crowning technological achievement for planemakers, capping years of invention and problem-solving. This flight, however, will […]

Boeing sees 737 Max return slipping to midyear, adding to strain

Boeing Co. said its grounded 737 Max won’t be cleared to fly until the middle of this year, at least six months later than previously anticipated, adding to the company’s financial burden. The U.S. planemaker is resetting expectations as it addresses two recent setbacks for the embattled Max: a software flaw that will require more work than […]

Boeing ousts CEO Dennis Muilenburg over 737 MAX crisis

(Bloomberg) — Dennis Muilenburg was ousted as chief executive officer of Boeing Co., a once-unthinkable turning point for a U.S. industrial champion engulfed in turmoil after two deadly crashes of its top-selling 737 MAX jetliner. David Calhoun, a General Electric Co. veteran who had served as chairman since October, will replace Muilenburg as CEO and […]

FAA Won’t Clear 737 Max Fixes Until 2020, Agency Chief Says

U.S. government approvals needed to return Boeing Co.’s 737 Max to the skies won’t be completed until 2020, the top U.S. aviation regulator said Wednesday, dashing the company’s hopes to complete key milestones this year needed to end the aircraft’s nine-month grounding. “If you do the math, it’s going to extend into 2020,” Federal Aviation […]
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