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 […]

HNA’s SR Technics Sale Draws Airbus, Hainan Province

HNA Group Co.’s sale of its majority stake in Swiss aircraft-maintenance firm SR Technics has attracted interest from companies including Airbus SE as well as the government of China’s Hainan province, according to people familiar with the matter. Other aircraft maintenance and repair organizations, known as MROs, have also expressed interest in acquiring SR Technics, […]

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, […]
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