The aerospace giant suffered a $2.4 billion second-quarter loss, reflecting the hit from much lower commercial plane deliveries as airlines suspend purchases due to falling consumer demand.
British Airways (BA), the world’s largest operator of Boeing 747s, will retire its entire jumbo jet fleet with immediate effect after the novel coronavirus pandemic sent air travel into freefall.
Boeing Co said it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the coronavirus pandemic that drove its second consecutive quarterly loss.
Boeing on Saturday said it had cancelled a $4.2 billion deal to buy the commercial jets division of Embraer, unraveling years of work on what the Brazilian planemaker expected to be a transformative move.
Boeing Co said it would resume commercial airplane production next week in Washington state after suspending operations last month in response to the coronavirus pandemic,
Boeing Co said that an aircraft order from China could result from any deal to end a year-long trade war between the world’s two largest economies. Speaking to Reuters at the planemaker’s widebody
TOULOUSE: Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signalling a shift away from chasing market share at any cost and predicting Boeing will emerge quickly from the grounding of its rival 737 MAX.
French aero engine maker Safran outpaced revenue growth plans in the first quarter and stuck to its goals for the year despite the grounding of the Boeing 737 MAX, sending its shares higher on Friday. Safran said its CFM International joint venture with General Electric continues to deliver LEAP engines to Boeing
Boeing Co engineers are reducing the scope and duration of certain costly physical tests used to certify the planemaker’s new aircraft, according to industry sources and regulatory officials.