Published on : Saturday, July 31, 2021
Boeing recently reported second-quarter revenue of $17 billion, driven by increased demand for commercial aircraft. The figure is up 44 per cent from the $11.8 billion recorded in the same period last year. The manufacturing giant said GAAP earnings per …
Published on : Monday, July 5, 2021
Brian West has been appointed as the Executive Vice President and Chief Financial Officer at Boeing, effective August 27, 2021. In this role, West will lead all aspects of financial strategy, performance, reporting and long-range business planning, as well as …
Published on : Wednesday, May 26, 2021
In light of the latest COVID-19 related restrictions on Indian passengers arriving at the UAE, an Emirates Boeing 777 recently flew from Mumbai to Dubai with only one passenger. According to reports from Mumbai Airport the EK-501 Emirates carrier operated …
Published on : Friday, February 26, 2021
The Federal Aviation Administration (FAA) has assessed $5.4 million in deferred civil penalties against The Boeing Company for failing to meet its performance obligations under a 2015 settlement agreement (PDF). The Chicago-based aircraft manufacturer also agreed to pay $1.21 million …
Published on : Monday, February 22, 2021
American plane manufacturer Boeing on Sunday said all 777s with the same engine as the United Airlines flight that caught fire midair have now been grounded. The decision was taken after a United Airlines flight had to make an emergency …
Published on : Friday, January 29, 2021
Boeing has reported a net loss of US$11.9 billion for financial 2020, or a GAAP loss per share of $20.88, as the full toll of the COVID-19 becomes clear. The figure is down from a profit of US$636 million last …
Published on : Monday, January 18, 2021
Lynne Doughtie has been elected to the Board of Directors at Boeing, replacing Caroline Kennedy who has resigned following three years of service. Doughtie, 58, retired from KPMG in 2020, after serving as United States chairman and chief executive since …
Published on : Friday, October 30, 2020
Boeing recently confirmed that it has decided to cut down another 7,000 jobs as losses from the COVID-19 pandemic continue to devastate the aviation sector. The US manufacturer, had already announced deep cuts, and mentioned that staff numbers of the …
Published on : Thursday, October 15, 2020
In the wake of the COVID-19 pandemic, Boeing delivered just 11 aircraft last month, as the manufacturer continued to downsize its operations. The latest data from the company revealed that deliveries were 50% below even the depressed figures from August. …
Published on : Monday, September 21, 2020
Marc Allen has been appointed Chief Strategy Officer and Senior Vice President, strategy and corporate development at Boeing, effective from October 1.
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