A US aircraft manufacturer Boeing has disclosed that it recovered $500 million from its re/insurance program during the second quarter of 2019 for losses related to the grounding of its 737 MAX fleet. As part of its Q2 results, Boeing said that it had recorded an earnings charge of $5.6 billion, net of insurance recoveries,… Continue reading Boeing Recovered $500M from Insurers Due to Fleet Suspension
Tag: Boeing
U.S. Regulator Cites New Flaw on Grounded Boeing 737 MAX
The U.S. Federal Aviation Administration has identified a new risk that Boeing Co must address on its 737 MAX before the grounded jet can return to service, the agency said on Wednesday. The risk was discovered during a simulator test last week and it is not yet clear if the issue can be addressed with… Continue reading U.S. Regulator Cites New Flaw on Grounded Boeing 737 MAX
Boeing Had Too Much Influence on Vetting Own Jets, FAA Was Told
Federal Aviation Administration (FAA) employees warned as early as seven years ago that Boeing Co. had too much sway over safety approvals of new aircraft, prompting an investigation by Department of Transportation auditors who confirmed the agency hadn’t done enough to “hold Boeing accountable.” The 2012 investigation also found that discord over Boeing’s treatment had… Continue reading Boeing Had Too Much Influence on Vetting Own Jets, FAA Was Told
Federal Prosecutors, Officials Looking into Boeing 737 Max: Report
Federal prosecutors and officials with the Department of Transportation are reportedly looking into the development of the Boeing 737 Max aircraft amid investigations into two recent crashes involving the plane. The Wall Street Journal reported Sunday that a grand jury in Washington, D.C., issued a subpoena for documents last week to at least one person… Continue reading Federal Prosecutors, Officials Looking into Boeing 737 Max: Report