DIRS.INFO The most relevant business & tech news

FILE PHOTO-A Boeing 737 MAX-10 performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsAug 23 (Reuters) - Boeing (BA.N) has recently identified a new 737 MAX supplier quality problem involving improperly drilled holes on the aft pressure bulkhead, the company said on Wednesday. Boeing said the new problem could delay near-term deliveries and is evaluating whether it could cause it to miss its annual delivery target of at least 400 737s this year. Trade publication The Air Current, which first reported on the production flaw, said Spirit AeroSystems (SPR.N) was responsible for the misdrilled holes. The defect is limited to Boeing's bestselling MAX 8 model, and it is unclear how many jets will need to be fixed or how long rework will ultimately take, Boeing said.

Persons: Benoit Tessier, Valerie Insinna, Chris Reese Organizations: Boeing, Paris, REUTERS, Federal Aviation Administration, Thomson Locations: Le Bourget, Paris, France

REUTERS/Loren Elliott/file photo Acquire Licensing RightsAug 21 (Reuters) - Boeing (BA.N) is close to securing an order for more of its 787 Dreamliner aircraft from Australia’s Qantas Airways (QAN.AX), industry sources said. Qantas, Boeing and Airbus declined to comment. Qantas, whose original decision to opt for a smaller type of Boeing 787 in 2005 led to a review of Airbus's wide-body strategy, is considered to be among the most influential aircraft buyers. Sources said the upcoming Dreamliner deal swings orders back in Boeing’s favor with the largest variant of 787. Qantas last placed a Dreamliner order in 2018, when it signed a deal for six jetliners meant to replace its remaining Boeing 747s.

Persons: Loren Elliott, Vanessa Hudson, Valerie Insinna, David Shepardson, Tim Hepher, Stephen Coates Organizations: Qantas, Sydney Airport, REUTERS, Boeing, Qantas Airways, Airbus, Incoming Qantas, Australian, Thomson Locations: Sydney, Australia, London, New York, Boeing’s

July 26 (Reuters) - Boeing's (BA.N) first delivery of the 737 MAX 7 has been delayed to 2024, the company said in an SEC filing on Wednesday. Boeing still expects the Federal Aviation Administration to certify the MAX 7 and begin FAA certification flight testing for the MAX 10 in 2023, the company said. MAX 10 is currently slated for first delivery in 2024. Both the MAX 7 and MAX 10 are seen as critical for Boeing to compete against Airbus (AIR.PA) for orders at the top and bottom of the narrowbody markets. Boeing must first win approval from the Federal Aviation Administration for its smaller MAX 7 before it can get approval for the MAX 10.

Persons: Dave Calhoun, Mike Fleming, Boeing's, Bob Jordan, Ben Minicucci, Valerie Insinna, David Shepardson, Chris Reese, Nick Zieminski Organizations: SEC, Boeing, Federal Aviation Administration, FAA, Airbus, Southwest Airlines, Wall, Reuters, Airbus ’, Southwest, Alaska Airlines, Thomson Locations: Washington

The problem involves a fitting for the 787's horizontal stabilizer installed by a Boeing production facility in Salt Lake City, Utah, the company said. Boeing, which announced last week that it had increased 787 production from three to four jets a month, said the issue has not caused a halt in 787 production. The U.S. Federal Aviation Administration said in a statement it had validated Boeing's assessment that there was no immediate safety issue for 787s already in service. Boeing stopped 787 deliveries at multiple points during that period, resuming them last August after agreeing to an FAA-approved modification plan for Dreamliners in the company's inventory. In March, the FAA said it would allow Boeing to restart 787 deliveries, as the U.S. planemaker had addressed concerns.

Persons: Gavin McIntyre, planemaker, Dreamliners, Jefferies, Sheila Kahyaoglu, Dave Calhoun, Valerie Insinna, David Shepardson, Will Dunham, Deepa Babington, Jamie Freed Organizations: Boeing, REUTERS, U.S . Federal Aviation Administration, FAA, Thomson Locations: North Charleston , South Carolina, U.S, REUTERS WASHINGTON, Salt Lake City , Utah, Washington

Boeing, which announced last week that it had increased 787 production from three to four jets a month, said the issue has not caused a halt in 787 production. The U.S. Federal Aviation Administration said has validated the Boeing's assessment that there is no immediate safety issue for 787s already in service. Boeing stopped 787 deliveries at multiple points during that period, resuming them last August after agreeing to an FAA-approved modification plan for Dreamliners in the company's inventory. The company faced yet another 787 delivery stoppage in February after Boeing found a data analysis error regarding forward pressure bulkhead that was unrelated to the shimming problem. In March, the FAA said it would allow Boeing to restart 787 deliveries, as the U.S. planemaker had addressed concerns.

Persons: Gavin McIntyre, Dreamliners, planemaker, Dave Calhoun, Valerie Insinna, David Shepardson, Will Dunham, Deepa Babington Organizations: Boeing, REUTERS, U.S . Federal Aviation Administration, FAA, Thomson Locations: North Charleston , South Carolina, U.S, REUTERS WASHINGTON, Salt Lake City , Utah, Washington

WASHINGTON, April 13 (Reuters) - Boeing (BA.N) has stopped deliveries of some 737 MAXs as it grapples with a new supplier quality problem by Spirit AeroSystems (SPR.N) that could stretch back to 2019, the company disclosed on Thursday. The issue will likely affect a "significant" number of undelivered 737 MAX airplanes both in production and in storage, and could result in lowered 737 MAX deliveries in the near term, the company acknowledged. The company, which announced deliveries of 111 MAXs over the first quarter, had aimed to increase monthly MAX production rates from 31 to 38 by June. The FAA has closely scrutinized Boeing aircraft since two fatal plane crashes in 2018 and 2019. The FAA continues to inspect each 737 MAX and 787 aircraft before an airworthiness certificate is issued and cleared for delivery.

WASHINGTON, March 16 (Reuters) - Boeing (BA.N) confirmed on Thursday it delivered a 787 Dreamliner to German airline Lufthansa (LHAG.DE), its first since deliveries were halted in late February after it disclosed a data issue with a component. The Federal Aviation Administration confirmed last month that Boeing had paused deliveries due to the data analysis error related to the jet’s forward pressure bulkhead, which the company found after reviewing certification records. The FAA said Friday it was satisfied the issue has been resolved and approved Boeing to resume delivering 787s. Boeing is expected to deliver another 787 to American Airlines (AAL.O) shortly, sources said. Between the Saudi deal and separate orders from United Airlines and Air India, Boeing has received orders for almost 200 Dreamliners over the past four months.

Calhoun was Boeing chairman and then became CEO in January 2020 after the board fired Dennis Muilenburg. In 2021, the board approved a long-term incentive award target of $16 million. In April 2021, Boeing extended its required retirement age of 65 to 70 to allow Calhoun to stay in the top job. The award to Calhoun comes just weeks after Boeing reported its first yearly positive cash flow since 2018. Boeing hopes to increase cash flow from $2.3 billion in 2022 to between $3 billion and $5 billion in 2023.

SEATTLE/WASHINGTON, Jan 30 (Reuters) - Boeing Co (BA.N) told employees on Monday that it will add a new 737 MAX production line in Everett, Washington, in mid-2024 as it plans to ramp up deliveries of its best-selling plane. The company is reactivating its third 737 MAX line in Renton, Washington, Deal added. Boeing booked nearly 700 MAX orders last year, delivered 387 737s and has a total backlog of about 3,600 MAX airplanes. Boeing said this month it had stabilized 737 production at 31 per month, with plans to ramp production up to approximately 50 per month in the 2025-2026 timeframe. The legislation requires Boeing to fit new safety enhancements to the MAX 7 and MAX 10 and retrofit existing MAX 8 and MAX 9 planes in the fleet.

SEATTLE/WASHINGTON, Jan 30 (Reuters) - Boeing Co (BA.N) told employees on Monday that it will add a new 737 MAX production line in Everett, Washington, in mid-2024 as it plans to ramp up deliveries of its best-selling plane. Boeing Commercial Airplanes Chief Executive Stan Deal said in an email seen by Reuters that the new line will be its fourth 737 MAX one and is needed because of "strong product demand." Boeing is reactivating its third 737 MAX line in Renton, Washington, Deal's email added. Boeing booked nearly 700 MAX orders last year, delivered 387 737s and has a total backlog of about 3,600 MAX airplanes. Boeing said this month it has stabilized 737 production at 31 per month with plans to ramp production to approximately 50 per month in the 2025 to 2026 timeframe.

WASHINGTON, Jan 27 (Reuters) - Boeing (BA.N) expects to hire 10,000 workers in 2023 as it recovers from the pandemic and increases jetliner production, but will trim some support jobs, the U.S. planemaker said Friday. The Arlington, Virginia-based company boosted overall employment by about 14,000 workers in 2022 to 156,000 as of Dec. 31, up from about 142,000 in 2021. Boeing employs about 136,000 workers in the United States. Boeing acknowledged it will "lower staffing within some support functions" - a move meant to enable it to better align resources to support current products and technology development. Boeing did not comment on how many net new jobs would created in the United States in 2023.

The company reiterated it expects to generate $3 billion to $5 billion in free cash flow in 2023. Boeing generated $3.1 billion in free cash flow in the final quarter of 2022. Boeing reported $2.3 billion for all of 2022. Boeing reported fourth-quarter revenue of $20 billion, up from $14.79 billion in the same quarter in 2022, and a loss per share of $1.75. Earlier this month, Boeing reported a sharp jump in airplane orders and deliveries in 2022.

[1/2] An aerial view of a Boeing 777X airplane (top) parked next to Boeing 737 MAX 10 airplanes at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. Boeing has seen 737 MAX customer demand recover briskly after two crashes and the COVID-19 pandemic battered the airline industry. However, analysts warn Boeing still faces major risk to increasing aircraft production, as supply chain recovery and additional regulatory requirements could delay schedules. Investors will also be looking for Boeing to shed light on why it is taking so long to deliver MAX planes sitting in storage. Boeing aims to gradually grow production of the 787 to five a month, but slowed production after a December parts delay, Reuters previously reported.

Search resuls for: "Valerie Insinna David Shepardson"

13 mentions found