China’s lockdowns exacerbate supply chain issues, says Airbus boss April 28, 2022 China’s recent lockdowns have exacerbated ongoing supply chain issues, according to Airbus’s chief executive Guillaume Faury. “The whole worldwide supply chain is complicated at the moment,” he told journalists today. Faury said that, even though lockdown-induced problems with raw materials continue to increase market pressures, the company will remain committed to raise production of A320 aircraft [...]
Sunday Spotlight: Airbus is winning the battle for the skies from beleaguered Boeing April 10, 2022 The recent challenges around safety concerns and the impact of the coronavirus pandemic have resulted in American aircraft manufacturer Boeing losing ground to Airbus. Although both companies control a significant market share, Toulouse-based Airbus has extended its dominance over the last five years. According to data compiled and calculated by Finbold, shared with City A.M. this [...]
Boeing’s shares fall following China Eastern Airlines’ crash March 21, 2022 Boeing’s shares fell 4.60 per cent today, opening at $184.40 after a 737 operated by China Eastern Airlines crashed in the country. Compared to Friday’s closure, the company’s stocks went down 8 per cent in pre-market trading but recovered slightly after the bell. Authorities said the crash’s cause was still under investigation, but the plane [...]
Ethiopian Airlines fly A737 MAX for first time since 2019 crash February 1, 2022 Ethiopian Airlines flew today a Boeing A737 MAX for the first time since the March 2019 crash, when 157 people died a few minutes after taking off from Addis Ababa. The demonstration flight took off from the Ethiopian capital and travelled around Mount Kilimanjaro, carrying journalists, diplomats and officials aboard, Reuters reported. While the victims’ [...]
Boeing posts $4bn loss as Dreamliner delays weigh on aircraft maker January 26, 2022 Boeing has posted an eyewatering $4.2bn loss in its latest quarter, as delays of its 787-carrier weight on the aircraft maker. The company took a $3.5bn charge in the final three months of last year because of problems in addressing flaws in its 787 Dreamliner jet to meet the Federal Aviation Administration’s satisfaction.The Dreamliner costs [...]
Boeing snatches Airbus crown on adjusted order basis January 11, 2022 US plane manufacturer Boeing has snatched Airbus’s crown as the world’s largest aircraft maker on an adjusted order basis. While the European plane maker remains the world’s largest manufacturer for the number of planes delivered, the Seattle-based company ended the year with 535 net orders while Airbus’s total amounted to 507. Boeing’s deliveries – which [...]
Airbus and Boeing call on Biden to delay 5G roll out December 21, 2021 Airbus and Boeing executives have called on the Biden administration to delay the roll-out of 5G services, citing safety concerns for the aviation industry. In a letter to the White House, Boeing’s boss Dave Calhoun alongside Airbus Americas’ chief executive Jeffrey Knittel said “5G interference could adversely affect the ability of aircraft to safely operate,” [...]
Boeing admits its software caused Ethiopia 737-Max crash but refuses to pay families a penny November 11, 2021 Boeing has reached a settlement with the families of 157 people killed when a 737-Max aircraft crashed in Ethiopia in March 2019. The plane manufacturer has accepted responsibility for Ethiopian Airways flight 302 losing control shortly after take-off from Addis Ababa Bole International Airport. The plane crashed into a nearby town. There were no survivors. [...]
Boeing reaches agreement with families of Ethiopian Airlines’ victims November 11, 2021 Boeing has reached an agreement with the families of the 157 people that died aboard the Ethiopian Airlines’ 737 Max in March 2019. According to court documents in Chicago, the aircraft manufacturer has accepted liability for the crash – which was caused by a failure in the technology that brings the aeroplane’s nose down. In [...]
Boeing ekes out small profit after aviation volumes ramp up October 27, 2021 In the third quarter aircraft manufacturer Boeing has registered a small adjusted profit after commercial airplanes and services volumes ramped up when travel restrictions eased. The company’s core operating profit amounted to $59m, compared with a $754m loss in 2020. Year-on-year, revenues grew 8 per cent to $15.2bn, going up from $14.1bn. “We are driving [...]