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Outgoing Boeing CEO Vows Persistence In Crisis Aftermath: 'We Have Another Mountain To Climb'
Monday, March 25, 2024 - 3:38pm | 849David Calhoun, the CEO of Boeing Co (NYSE:BA), has stepped down along with chairman Larry Kellner in the wake of an investigation by federal authorities into the January Alaska Airlines (NYSE:AAL) incident when a door panel blew out in mid-flight. Calhoun has said he will stay on until the end of...
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Nvidia, Rumble, Boeing, Intel, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Tuesday, March 12, 2024 - 10:41pm | 663On Tuesday, U.S. stocks had ended in the green, with the Dow Jones Industrial Average rising 0.6% for the day to 39,005.49 and the S&P 500 gaining 1.12% to 5,175.27. Nasdaq had closed 1.54% higher at 16,265.64. These are the top stocks that gained the attention of retail traders and investors...
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Boeing Leadership Shake-Up After 737 Max Incident: But 'Will This Change Be Enough?'
Thursday, February 22, 2024 - 4:28pm | 626This year’s troubles at Boeing Co (NYSE:BA) prompted promises of fast action on quality control, and over the past couple of days the company has announced a leadership shake-up. Following the blow out of a door panel in mid-flight on one of its 737 Max 9 airliners in early January, the...
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Boeing Announces Leadership Shift For Troubled 737 Max Program After Recent Episode
Thursday, February 22, 2024 - 2:16am | 751In the wake of a recent incident involving one of its 737 Max planes, Boeing Co (NYSE:BA) has decided to replace the head of its 737 Max program. What Happened: The aerospace giant has announced that Ed Clark, the current head of the 737 Max program, will be leaving the company. This decision comes...
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Boeing 737 MAX Deliveries May Be Delayed Due To Newly Discovered Quality Defects: Report
Monday, February 5, 2024 - 2:44am | 641In a fresh setback for Boeing Co (NYSE:BA), the company has reportedly discovered new quality defects in its 737 MAX airplanes. This could potentially lead to delays in the delivery of the aircraft. What Happened: Boeing announced on Sunday that it had identified two mis-drilled holes on the...
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Airline CEOs Express Frustration With Boeing's Failures: 'This Isn't New'
Friday, January 26, 2024 - 4:45pm | 649Boeing Company (NYSE:BA) shares have had a down week after the Federal Aviation Administration (FAA) barred Boeing from expanding production of its 737 Max jets late Wednesday. Airlines are forecasting losses resulting from the fallout, and executives are speaking out about Boeing's quality control...
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Tesla, Rivian, Boeing, IBM, Palantir: Why These 5 Stocks Are On Investors' Radars Today
Wednesday, January 24, 2024 - 10:21pm | 696U.S. indices remained mixed on the day when EV giant Tesla released its fourth-quarter earnings data. The Dow Jones Industrial Average declined 0.3% to 37,806.39, while the S&P 500 rose nearly 0.1% to 4,868.55. The Nasdaq was also in the green, it rose 0.4% to 15,481.92. These are the top...
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FAA Halts Boeing's 737 Max Production Expansion Amid Quality Control Issues: 'Won't Be Back To Business As Usual'
Wednesday, January 24, 2024 - 9:40pm | 809The Federal Aviation Administration (FAA) has put a stop to Boeing Co‘s (NYSE:BA) planned expansion of its 737 Max aircraft production. This decision comes in the wake of the recent incident involving a Max 9 aircraft, which has now been cleared for service. What Happened: The FAA announced...
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Boeing's Much-Awaited 737 Max Deliveries To China Face Further Delays After Alaska Airlines Incident
Monday, January 15, 2024 - 3:38am | 661Boeing Co.‘s (NYSE:BA) long-anticipated resumption of 737 Max jet deliveries to China has hit another snag following the Alaska Airlines incident. What Happened: Boeing’s attempts to restart the delivery of its 737 Max jets to China have encountered fresh obstacles in the wake of the...
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Boeing 737 Max 9 Crisis Deepens: United Airlines Discovers Loose Bolts
Monday, January 8, 2024 - 8:50pm | 800In a recent development, United Airlines Holdings Inc (NASDAQ:UAL) has uncovered loose bolts in several grounded 737 MAX 9 airplanes, further exacerbating the ongoing crisis faced by Boeing Co (NYSE:BA) with this model. What Happened: United revealed that it had found loose bolts on multiple panels...
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Boeing 737 Max 9 Groundings Trigger Stock Turbulence For Carriers As Regulators Order Safety Checks
Monday, January 8, 2024 - 1:03pm | 887Share prices of airlines that operate Boeing Co‘s (NYSE:BA) 737 Max 9 fell on Monday as air safety regulators ordered inspections of the global fleet after a section of fuselage on an Alaska Airlines (NYSE:ALK) flight blew out shortly after take off on Friday. The incident forced the jet to...
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Boeing On Track To Restart 737 MAX Deliveries In China After Regulatory Clearance: Report
Thursday, December 21, 2023 - 12:21am | 584Boeing Co (NYSE:BA) secured pivotal approval from China’s aviation regulator, taking the airplane manufacturer one step closer to recommencing its 737 MAX deliveries in China after a hiatus of over four years. What Happened: The Civil Aviation Administration of China (CAAC) has given Boeing...
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China Mulls Ending Commercial Hold On Boeing's 737 Max: Report
Sunday, November 12, 2023 - 11:43pm | 609China is reportedly considering ending its commercial freeze on Boeing Co. (NYSE:BA) with a potential 737 Max aircraft deal as the APEC Summit approaches. What Happened: Improvement in relations between China and the United States may result in a breakthrough for Boeing’s 737 Max sales in...
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Boeing Expects China's Fleet To More Than Double In 20 Years, Says 8,485 New Airplanes Needed To Fuel Demand
Thursday, October 27, 2022 - 6:16am | 353Boeing Co. (NYSE: BA) has predicted that China’s growing economy will see its commercial airplane fleet more than double over the next 20 years. What Happened: “Despite the impact of the pandemic on China’s near-term growth, Boeing predicts that demand for air travel and air...
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Boeing Board Will Have To Face Shareholder Lawsuit Over 737 MAX, Rules Delware Court
Thursday, September 9, 2021 - 2:59am | 353Boeing Co (NYSE: BA) board will have to face a shareholder lawsuit over allegations that the aircraft maker's directors failed to monitor safety issues before the two 737 MAX jets crashed and lied about the oversight to management, a Delaware judge has ruled, The Wall Street Journal...