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Boeing is in talks to buy back Spirit Aerosystems, which makes fuselages for Boeing's 737 Max jets, according to a person familiar with the matter, as both companies scramble to stamp out manufacturing flaws on the top-selling plane.
WASHINGTON (Reuters) -- Boeing said on Thursday it had reached a $51 million settlement with the U.S. State Department for numerous export violations, including Chinese employees in China improperly downloading documents related to U.S. Defense Department programs.
Boeing said on Thursday it had reached a $51 million settlement with the U.S. State Department for numerous export violations including Chinese employees in China improperly downloading documents related to U.S. Defense Department programs.
The Federal Aviation Administration is giving Boeing 90 days to come up with a plan to improve quality control, the agency said Wednesday, less than two months after a door plug blew out of a 737 Max 9 minutes into an Alaska Airlines flight.
SINGAPORE — Boeing touted its 737 Max aircraft as "the safest airplane" and said China's latest domestic jetliner Comac C919 is similar to offerings by Airbus and Boeing that are already in the market.
Boeing is replacing the head of its 737 Max program, less than two months after a panel blew out on one of the jet models during an Alaska Airlines flight, prompting a federal grounding and heightened scrutiny of the plane maker's operations.
SINGAPORE -- Airbus and Boeing are snapping up fresh orders from Asian airlines at the Singapore Airshow this week, even as concerns over the planemakers' struggles to ramp up production loom large at the region's largest aviation expo.
The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected in the second half of the year, new forecasts from Goldman Sachs show.