According to Bloomberg reports, the B777 will be Boeing’s most expensive aircraft, priced at $442.2 million before discounts. The plane features stunning composite wings, the longest Boeing has ever built, with a span of 235 feet 5 inches (71.75 meters) when fully extended.
The Ukraine International Airlines Boeing 737-800 plane that crashed after takeoff from Tehran on Wednesday, killing all 176 people on board, sought no radio help in its final moments and was making a return after takeoff, an early investigation into the crash has revealed. Here's the latest from the Boeing 737-800 crash investigation.
The To70 consultancy said on Wednesday that 257 people died in eight fatal accidents in 2019. That compares to 534 deaths in 13 fatal accidents in 2018.
The domestic traffic data in the April-September period, during which the passenger volume grew a mere 2 per cent, also reflects this estimate, rating agency said in its aviation outlook note.
Boeing ousted CEO Dennis Muilenburg on Monday with no end in sight to the crisis that has engulfed the vaunted American aircraft manufacturer since the crash of two of its 737 Max airliners. The Boeing board had supported Muilenburg for months despite calls for his resignation from lawmakers and relatives of the passengers killed. When it became clear in recent days that federal regulators would not certify the grounded Max to fly again by year’s end as Muilenburg had hoped, the board finally abandoned him.
Boeing's stock fell nearly 4 per cent on Monday, declining for the third straight session as analysts downgraded the shares amid increasing scrutiny from regulators and uncertainty about the timing of the 737 MAX's return.
The aircraft is currently expected to return to the air in January 2020, 12 months after the company proposed the initial replacement of software implicated in two deadly crashes, Xinhua news agency quoted US Federal Aviation Administration (FAA) officials and industry leaders as saying on Sunday.
Boeing's 737 MAX became an infamous name after 346 people died in crashes in Indonesia and Ethiopia in a span of five months. Fresh software glitch may further delay 737 MAX's return to service after being grounded globally.
Boeing has sent out a service bulletin and the FAA will issue an airworthiness directive requiring airlines to inspect and repair its slat track assemblies within 10 days.
Boeing last week announced earnings fell 21 per cent in the first quarter because of the crisis. The company suspended its share repurchase plans to conserve cash.
The updated software designed by Boeing uses input from two sensors on the nose of the plane, instead of one, and is designed to not trigger the MCAS system repeatedly.
Top News
Latest News
