Key Points: Boeing shares fell nearly 4% after its earnings report2020 net loss hit a record of $11.9 billion737 Max grounding and the coronavirus pandemic both contributory factorsTotal company backlog at quarter-end was $363 billionOperating cash flow of ($4.0) billion Covid-19 has decimated air travel globally and the aircraft manufacturers are now really feeling … [Read more...] about Boeing pushes 777X deliveries to late 2023 as the company posts record annual loss
Following 20 months of investigation and work the FAA approves the Boeing 737 MAX as airworthy The Federal Aviation Administration (FAA) has cleared the Boeing 737 MAX to fly. Key Points: FAA approves 737 MAX to flyAirworthiness approval follows a nearly two-year engineering and re-certification programRe-certification of the aircraft enables Boeing to begin handing … [Read more...] about FAA Approve the Max to Fly
Boeing has reported more cancellations to orders of its 737 MAX jet as the airworthiness approval lines draws nearer. Key Points: 12 more cancellations for the 737 MAX4,275 outstanding ordersFederal Aviation Administration (FAA) is its latter stages of concluding its work Boeing has reported more cancellations to orders of its 737 MAX jet as the airworthiness … [Read more...] about Boeing suffer more commercial 737 MAX cancellations as airworthiness approval is in sight.
Texas-based aviation MRO services provider King Aerospace will start construction early next year on a new 90,000-sq-ft hangar at its Oklahoma facility. King specializes in bizliner aircraft such as the BBJ. The companies FAA and EASA certified repair station offers avionics, interiors, modifications, and paint. The larger hangar will allow it to accommodate multiple … [Read more...] about King Aerospace to construct a new 90,000-sq-ft hangar at its Oklahoma facility early next year
Europe awaiting the United States as it becomes the first major regulator to declare the max safe to fly. Boeing has satisfied the European aviation safety regulator (EASA) that the changes the aircraft manufacturer has made to its 737 MAX have made the aircraft safe enough to return to the region’s skies. Key Points: EASA declare the 737 MAX safe to flyA 4-week public … [Read more...] about European Regulators Approve Boeing MAX