The 737 MAX is a re-engined upgrade of a jet first introduced in the 1960s
Beleaguered Boeing Co is putting its future in the hands of a turnaround veteran who has led several companies in crisis, cut his teeth at engine maker General Electric Co and has spent
The MAX has been grounded globally since March 13, 2019, following an Ethiopian Airlines crash that killed 157 people. That catastrophe came just a few months after a Lion Air MAX crash that killed 189 people.
Boeing Co on Wednesday swung to its first annual loss since 1997 on mounting 737 MAX costs and indicated it would again cut production of its bigger 787 Dreamliner aircraft,
Asian shares rose on Wednesday after a strong lead from Wall Street fuelled by hopes for additional U.S. economic stimulus and a coronavirus vaccine, but trade was choppy as some investors booked profits.
Healthy off-take on the back of festive season accelerated major automobile players’ year-on-year sales during November. However, some companies reported a slower off-take on the sequential basis.
Fitch downgraded Sri Lanka’s sovereign credit rating to ‘CCC’, warning the country’s debt levels were set to soar past 100% of GDP and that it was increasingly at risk of default.