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☆ Boeing's new CEO already seems to have given a major indication of where his priorities lie
▼ + stars: | 2024-08-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Read previewBoeing's incoming CEO, Kelly Ortberg, is already signaling his intent to get the planemaker back on track. Later that month, The Seattle Times reported that Boeing's board shut down a shareholder's bid to move its headquarters back to Seattle. Outgoing CEO Dave Calhoun last year faced criticism from employees after commuting to Boeing's HQ by private jet, The Wall Street Journal reported. Airline bosses like Emirates' Tim Clark had called on Boeing to appoint a new CEO with an engineering background. Boeing's incoming CEO, Kelly Ortberg, is an aerospace veteran.

Persons: —, Kelly Ortberg, Ortberg, It's, Rockwell Collins, Max, Lindsey Wasson, Maria Cantwell, Dave Calhoun, Calhoun, Tim Clark, we've, Nicolas Owens, Owens, Bob Clifford, preventively Organizations: Service, Seattle Times, Boeing, Reuters, Business, Alaska Airlines, Federal Aviation Administration, REUTERS, Commerce, Science, Transportation, Street Journal, Morningstar Locations: Seattle, Chicago, Virginia, Washington, South Carolina, Renton , Washington, Emirates, Blackstone

☆ Boeing Names Kelly Ortberg as Its Chief Executive
▼ + stars: | 2024-07-31 | by ( Niraj Chokshi | More About Niraj Chokshi | ) www.nytimes.com time to read: +1 min

Mr. Ortberg, known as Kelly, will inherit a long list of difficult tasks. Mr. Ortberg, 64, brings decades of industry experience and an outsider’s perspective to the role. He is a former chief executive of Rockwell Collins, which made electronic systems and other technology for aircraft, including those made by Boeing. A mechanical engineer, Mr. Ortberg began his career at Texas Instruments in 1983. He joined Rockwell in 1987, quickly rising through the ranks, overseeing development programs for the Boeing 787 and Airbus A350 planes, and eventually becoming chief executive in 2013.

Persons: Robert K, Ortberg, Kelly, Rockwell Collins, Ortberg’s, Rockwell Organizations: Mr, Boeing, Current, Texas Instruments, Rockwell, Airbus, United Technologies, Raytheon, RTX

☆ One of these four people could be Boeing's next CEO
▼ + stars: | 2024-07-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Boeing may have narrowed its CEO search to four candidates, including Kelly Ortberg. Current CEO Dave Calhoun said he will step down by year-end after the Alaska Airlines disaster. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe race for Boeing's new chief may be down to four candidates, including a new name. Kelly Ortberg, the former CEO of aerospace company Rockwell Collins, is seriously being considered for the position of Boeing's chief, trade publication The Air Current reported on Sunday, citing industry officials.

Persons: Kelly Ortberg, Dave Calhoun, Stephanie Pope, Pat Shanahan, Steve Mollenkopf, —, Rockwell Collins Organizations: Boeing, Alaska Airlines, Service, Rockwell, Business

☆ Boeing and Airbus go head-to-head at a giant industry airshow every 2 years. This time, neither won.
▼ + stars: | 2024-07-29 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +4 min

Read previewThe usual orders battle between Airbus and Boeing played second fiddle to supply-chain issues at last week's Farnborough Airshow. AdvertisementLast month, Airbus reduced its delivery targets, citing supply chain issues, which saw its stock drop as much as 11%. The day before the show, Guillaume Faury, the Airbus CEO, told the media the planemaker was having "important discussions" with some key suppliers as it was facing "a bit of an unexpected challenge." Frustrations with the supply chain were evident among airline bosses speaking at a summit on the first day of the airshow. AdvertisementWith gray skies for much of the week, the weather seemed to reflect the downturn for Airbus and Boeing.

Persons: —, Joshua Ng, Guillaume Faury, Luis Gallego, Ng, Dave Calhoun, Stephanie Pope, Kelly Ortberg, Rockwell Collins, Sir Keir Starmer Organizations: Service, Airbus, Boeing, Farnborough, November's Dubai, Alton Aviation Consultancy, Business, International Airlines Group, British Airways, Aer Lingus, Alaska Airlines, Current, Defense, NATO Locations: Paris, Farnborough, Ukraine, Gaza

☆ Boeing begins 777-9 certification flight trials with FAA
▼ + stars: | 2024-07-13 | by ( ) www.cnbc.com time to read: +1 min

Boeing has started certification flight testing of its long-delayed 777-9 with U.S. aviation regulators onboard, the U.S. planemaker said in an emailed statement. The U.S. Federal Aviation Administration (FAA) did not immediately respond to a Reuters request for comment out of office hours. Type inspection authorization is typically associated with the start of the certification process, made after the FAA has examined technical data. The milestone allows FAA pilots to participate in flight testing needed to certify the plane for normal operation. Boeing has said that the 777-9 test fleet will undergo the most thorough commercial flight test effort the planemaker has ever undertaken.

Persons: planemaker Organizations: Boeing Co, Boeing, Air Current, U.S . Federal Aviation Administration, FAA, Emirates Locations: Renton , Washington, US, U.S

☆ The folding wingtips on Boeing's massive new 777X are a first in commercial aviation. Here's why the plane needs them.
▼ + stars: | 2024-07-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing's latest addition to its growing fleet of commercial jets is the innovative 777X. This story is available exclusively to Business Insider subscribers. AdvertisementThat's thanks to its mammoth engines and wingspan, the latter sporting a revolutionary technology not yet seen in commercial aviation but necessary for the plane's success: folding wingtips.

Persons: —, Tim Clark Organizations: Service, Boeing, Dubai Airshow, Airbus, British Airways, Emirates, Lufthansa, Business

☆ Why so much is riding on the 777X, Boeing's newest long-haul plane that is already 5 years late and costing billions
▼ + stars: | 2024-07-04 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

The FAA slowed deliveries after the Alaska Airlines door plug blowout in January and capped Boeing's 737 production. AdvertisementA lot is riding on the new 777X, including proving its modified design was the right strategy over building a new plane from scratch. Boeing's last completely new widebody plane was the 787 way back in 2003. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022. Georg Wendt/picture alliance via Getty ImagesDespite the substantial investment, Emirates president Tim Clark has voiced his concern over Boeing's 777X delays.

Persons: —, Richard Aboulafia, there's, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, Clark, Aboulafia Organizations: Service, British Airways, Emirates, Singapore Airlines, Business, Boeing, FAA, Alaska Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Aircraft, Reuters, Air Locations: Korean, AFP, Qatar

☆ Wombat walker: Australia needs help looking after its cutest residents
▼ + stars: | 2024-06-22 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

East Coast Natureworld in Tasmania, Australia, is hiring a “wombat walker” who will help keep these fuzzy marsupials in peak physical condition. Tasmania is also looking for a volunteer paranormal investigator to spend a day (or night …) checking out a spooky abandoned asylum. Now, travelers are looking at Norway and Sweden in the summer while checking out flights for Greece in the cooler fall and spring. New Zealand Prime Minister Christopher Luxon alights from a Royal New Zealand Air Force aircraft. But New Zealand Prime Minister Christopher Luxon isn’t just any ordinary traveler.

Persons: ”, Petros Giannakouris, Sarah Hamouda, Christopher Luxon alights, Andrew Kutan, grumbling, Christopher Luxon isn’t, Luxon, Michelle Wibowo, Simon Jacobs, Edamame Sheeran, Benedict Cucumberbatch, it’s Organizations: CNN, Zealand, Royal New Zealand Air Force, Getty, Air New Zealand –, Qatar Airways, Virgin Australia Locations: Dubai, East Coast, Tasmania, Australia, Athens, Greece, Italy, Hong Kong, Norway, Sweden, AFP, Japan, Air, Doha, South Korea, Matera

☆ What is air turbulence and how it creates danger in the skies
▼ + stars: | 2024-05-21 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +6 min

Here’s how air turbulence can create problems for air travelers. In cases of light and moderate turbulence, passengers might feel a strain against their seatbelt, and unsecure items in the cabin may move around. In 2022, Williams, who co-authored the study, told CNN that he believed that severe turbulence “could double or triple in the coming decades.”He went on to attribute this to “clear air turbulence,” a type of turbulence that strikes suddenly is very difficult to avoid. Since it’s sometimes impossible to anticipate when an aircraft will encounter clear air turbulence, the only way to be 100% safe is to keep strapped in for the whole ride. The Singapore Airlines flight from London to Singapore, appears to encountered severe turbulence over Myanmar after crossing Southeast Asia’s Andaman Sea.

Persons: ” Paul Williams, Williams, “, ”, Mark Prosser, Turbli Organizations: CNN, Air, Singapore Airlines, University of Reading, Federal Aviation Administration, FAA, Airline, United Airlines, University, Reading, “, National Transportation Safety Board, NTSB, National Weather Service Locations: Tokyo, Honolulu, USA, London, Singapore, Myanmar, Santiago, Chile, Viru Viru, Bolivia, Almaty, Kazakhstan, Kyrgyzstan, Bishkek, Nashville , Tennessee, Raleigh, Durham, North Carolina

☆ Cloud seeding probably didn't cause Dubai's floods. The UAE has been trying to control its weather for years, and the US does it too.
▼ + stars: | 2024-04-17 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Photos show how the UAE, United States, and other countries have been seeding clouds for decades. Historic floods in Dubai didn't come from cloud seeding, but humans' climate impacts are playing a role. Related storiesAccording to several scientists, cloud seeding isn't the driving force behind Dubai's historic floods. Packets of salt are pictured during a cloud seeding operation at a military airbase in Subang, Malaysia. The real threat behind Dubai's floodsMany atmospheric scientists have dismissed the idea that cloud seeding was behind Dubai's floods.

Persons: GIUSEPPE CACACE, Getty, Prometheus, Frankenstein —, Thomas Peipert, Al Hayer, Amr Alfiky, Andrea DiCenzo, Lim Huey Teng, there'd, Friederike Otto, John Marsham, Jeff Big Jeff, Gary Coronado, Marsham, Fred Greaves, Otto Organizations: Dubai didn't, Service, United Arab Emirates, United Arab, UAE, Reuters, National Center of Meteorology, United, UAE's National, of Meteorology, Militia, Imperial College London, Science Media, SMC, University of Leeds, Los Angeles Times, Getty, UAE isn't, National Park Service, AP Locations: UAE, United States, Dubai, United Arab Emirates, Rocky, Lyons , Colorado, China, Australia, Al Ain, Utah, Dongkou county, Shaoyang, Hunan province, Subang, Malaysia, Bannon, Sacramento, , California, California's Sacramento County

☆ Dave Calhoun was supposed to turn Boeing around, but after 4 years on the job, he's out. Here's where things went wrong.
▼ + stars: | 2024-03-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +8 min

It makes him the second successive chief to go after a 737 Max crisis. AdvertisementOn Monday morning, Dave Calhoun became the second successive Boeing CEO to lose his job in the wake of a 737 Max crisis. Muilenburg was terminated as the planemaker fought for its reputation after 346 people died in two 737 Max 8 crashes in 2018 and 2019. After the longest-ever grounding for a US airliner, the 737 Max was ungrounded 10 months into Calhoun's reign. Win McNamee/Getty ImagesMost people's concerns about the 737 Max looked to have been assuaged, until the Alaska Airlines blowout on January 5.

Persons: Dave Calhoun, —, Stan Deal, Calhoun, Boeing's, Dennis Muilenburg, Muilenburg, Max, Dennis, Win McNamee, Bob Clifford, Timothy Hubbard, Hubbard, Clifford, DAVID RYDER, Critics, Justin Green, Green Organizations: Boeing, Service, Airbus, Federal Aviation Administration, MCAS, Alaska Airlines, National Transportation Safety, Justice, FBI, Ethiopian, Alaska Air, United Airlines, Boeing's, Street Journal, The, Current, Business, University of Notre Dame, CNBC Locations: MCAS, Southwest , Alaska, Calhoun, Virginia, Seattle, Boeing's, Renton , Washington

☆ China takes delivery of Boeing 737 Max in show of support for troubled plane maker
▼ + stars: | 2024-01-25 | by ( Xiaofei Xu | Chris Isidore | ) edition.cnn.com time to read: +2 min

Hong Kong/New York CNN —Boeing has delivered its first 737 Max to a Chinese airline for the first time in nearly five years, according to flight data, in a rare spot of good news for the embattled company. According to flight tracking website Flightradar 24, China Southern Airlines flight CZ5073 departed from Boeing Field in Seattle, Washington, on Wednesday for China via Honolulu. The use of the airline’s flight number, instead of a Boeing one, suggests the ownership of the plane has already been transferred. The plane, a 737 Max 8 according to flight data, was built in September 2019 and has been parked in Boeing’s Seattle factory since then, according to flight tracking sites Flightradar 24 and Aviation Flights. In December, the trade publication the Air Current said Boeing had won a key clearance from China’s aviation regulator, the Civil Aviation Administration of China (CAAC), allowing Boeing to prepare Max aircraft for delivery, Reuters reported.

Persons: Max, CZ5073, haven’t Organizations: New York CNN, Boeing, Max, China Southern Airlines, Boeing Field, Aviation, US Federal Aviation Administration, FAA, CNN, Current, Civil Aviation Administration of China, Reuters Locations: Hong Kong, New York, Seattle , Washington, China, Honolulu, Boeing’s Seattle, Indonesia, Ethiopia

Finally Souza, an innkeeper and community leader in Bela Vista do Jaraqui, said he rallied two dozen neighbors to drill a 60-meter well in the heart of the world's largest freshwater basin. With rivers forming the backbone of transportation across the Amazon region, the drought has disrupted access to food and medicine in dozens of cities. The Amazon, the world's largest rainforest, is regarded by scientists as a bulwark against climate change because its dense vegetation absorbs carbon and emits oxygen. The five researchers predicting a 2026 recovery said the effects of the drought could endure even longer if El Nino is prolonged. That would release huge amounts of carbon dioxide, contributing to climate change and wiping out a wealth of plant and animal species found only in the Amazon.

Persons: Bruno Kelly, Raimundo Leite de Souza, Souza, Luiz Inacio Lula da Silva, Michael Coe, we're, El Nino, Coe, El, Philip Fearnside, Henrique Barbosa, Eduardo Taveira, Taveira, Paulo Brando, Brando, Barbosa, Brad Haynes, Jake Spring, Ana Mano, Andre Romani, Suzanne Goldenberg Organizations: REUTERS, Rights, Rio, cobras, United, Reuters, Research Center, National Institute of, Research, University of Maryland, Honda, LG, Positivo, GIANTS, Yale University, Sao Paulo, Thomson Locations: Tefe, Amazonas, Brazil, Rights MANAUS, caimans, Bela Vista, Guyana, Suriname, French Guiana, Venezuela, Colombia, United Nations, U.S, South America, South, Pacific, North America, El Nino, University, Baltimore, Western Europe, Brazil's Amazonas, Manaus, Itacoatiara, Madeira Rivers, Sao Paulo, Sao

People wearing face masks wait at an intersection in Beijing's Central Business District (CBD), as the city is shrouded in smog, in China November 1, 2023. The weather in many parts of China had stayed stubbornly warm entering November, with cities in eastern and central provinces such as Shandong, Anhui, Jiangsu and Henan still logging temperatures above 30C. In tandem with the warm weather, smog has also shrouded Beijing and its surrounding areas for days. In coming days, temperatures across northern China are expected to drop sharply. Other cities such as Beijing, Zhengzhou, Jinan, Xian and Shijiazhuang will see a sudden decline of 10C to 15C.

Persons: REUTER, Tingshu Wang, Ethan Wang, Ryan Woo, Simon Cameron, Moore Organizations: Business, Rights, Beijing Daily, Xinhua, National Meteorological Center, Shanghai, Thomson Locations: China, Rights BEIJING, Beijing, Shandong, Anhui, Jiangsu, Henan, Hebei province, Shenyang, Changchun, Harbin, Zhengzhou, Jinan, Xian, Shijiazhuang

☆ Haze lingers in Beijing as fog blankets parts of north China
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

[1/4] Vehicles move on a street in Beijing's Central Business District (CBD) as the city is shrouded in smog, in China November 1, 2023. REUTER/Tingshu Wang Acquire Licensing RightsBEIJING, Nov 1 (Reuters) - Hazy weather hung over Beijing on Wednesday with conditions in other parts of north China possibly worsening, forecasters said, although cold air sweeping in from the northwest is expected to help dissipate the smog. Experts attributed the haze in Beijing, which has lasted for several days, to poor atmospheric diffusion because of unseasonably weak cold air currents from the north. Visibility in most parts of Beijing dropped to less than 500 metres (546 yards), the China Meteorological Administration said. But from Thursday night, cold air is expected to push temperatures lower, possibly to new lows.

Persons: REUTER, Tingshu Wang, Gao, We're, Liu, Liz Lee, Ethan Wang, Xiaoyu Yin, Robert Birsel Organizations: Business, Rights, Beijing, China Meteorological Administration, Thomson Locations: China, Rights BEIJING, Beijing, Hebei province, Tianjin, Hebei, Jinan, Zhengzhou, Shijiazhuang

☆ China's smog-covered north on highest pollution alert as visibility drops
▼ + stars: | 2023-10-31 | by ( Liz Lee | ) www.reuters.com time to read: +2 min

Northern province Hebei launched an anti-pollution emergency response, listing traffic safety controls for when necessary including suspending flight takeoffs and landings, temporarily closing highways and suspending ferries, China's meteorological bureau said in a notice. Authorities also warned road users to stop in safe parking areas when conditions required and asked people to stay indoors. Beijing said it would implement traffic control measures if the capital activates its highest air pollution warning. Experts said weak cold air currents from the north pole were a key factor behind the unusual weather. Cold air currents are forecast to stream in the north from Thursday night, creating conditions that could weaken and dissipate the haze, the weather forecaster said.

Persons: Liz Lee, Jamie Freed Organizations: Authorities, National Meteorological Center, NMC, Thomson Locations: BEIJING, China, Northern, Hebei, Beijing, Tianjin, Henan province, Shandong, Jiangsu province, China's, Shanghai

☆ Marathoners in Beijing go maskless, unfazed by smog
▼ + stars: | 2023-10-29 | by ( Liz Lee | ) www.reuters.com time to read: +2 min

[1/4] Participants take part in the Beijing Marathon, at Tiananmen Square in Beijing, China October 29, 2023. REUTERS/Tingshu Wang Acquire Licensing RightsBEIJING, Oct 29 (Reuters) - Runners undeterred by thick smog engulfing the Chinese capital ran the Beijing Marathon maskless on Sunday, many wearing shorts in one of the warmest Octobers on record. Beijing was the fourth most-polluted major city in the world on Sunday, according to Swiss air-quality technology firm IQAir. Beijing's high on Sunday was 19 C (66 F), according to the national weather bureau. The weather bureau forecast weak cold air currents to last the rest of the month before beginning to cool in early November.

Persons: Tingshu Wang, Fang Chong, Liz Lee, Ryan Woo, Han Xiao, Bernard Orr, William Mallard Organizations: Beijing, REUTERS, Rights, Beijing Marathon, Meteorological Centre, Thomson Locations: Beijing, China, Rights BEIJING, Tiananmen, Haidian, Beijing's, Tangshan, Handan, Hebei

☆ Boeing, Spirit expand inspections for 737 MAX production defect
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

The Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra/File Photo Acquire Licensing RightsOct 12 (Reuters) - Boeing (BA.N) and Spirit AeroSystems (SPR.N) have expanded the scope of their ongoing inspections of a production defect affecting 737 Max 8 aircraft, Boeing said on Thursday. The planemaker in August identified a new quality problem with its popular 737 MAX aircraft involving supplier Spirit that resulted in improperly drilled holes on the aft pressure bulkhead made using an automated drill. Spirit said it continues working closely with Boeing to address rework related to the aft pressure bulkhead. Deliveries of Boeing's best-selling 737 MAX fell in September to the lowest level since August 2021 as it continues struggling with work needed to correct the manufacturing defect.

Persons: Peter Cziborra, Max, Brian West, Shivansh, David Shepardson, Valerie Insinna, Shilpi Majumdar, Chris Reese Organizations: Boeing, Farnborough, REUTERS, Federal Aviation Administration, The, FAA, Reuters, Thomson Locations: Farnborough, Britain, Bengaluru, Washington

☆ More than 55 global airlines still fly over Russia, including to and from the US: 'a crisis in the making'
▼ + stars: | 2023-10-07 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementEven though Russian airspace is closed to US airlines, many Americans may still end up flying through Russian skies. This includes four European carriers: Air Serbia, Turkish Airlines, Pegasus Airlines, and Belarus' Belavia. Emirates' flight path from Dubai to Los Angeles on September 25 showed it flew over Russian airspace. Looking at the time of writing for mid-November, a ticket on Air India is nearly $2,000 cheaper than American. This was a particular concern earlier this year when Chinese airlines were using Russian airspace on routes to the US.

Persons: —, FlightRadar24, Robert Menendez, James Risch, Putin, Roman Protasevich, Scott Kirby, Kirby Organizations: Carriers, Air India, Service, Moscow, Air, Turkish Airlines, Pegasus Airlines, Ethiopian Airlines, Qatar Airways, Etihad Airways, US ., Los Angeles, Uzbekistan Airways, Reuters, Travelers, NBC News, White, Malaysian Airlines, Ryanair, United Airlines, overflying, Airlines, China Eastern Airlines, American Airlines, Google, Current, Delta Air Lines Locations: Europe, Russia, Ukraine, Asia, Emirates, Russian, Air Serbia, Turkish, Belarus, Moscow, Africa, Air China, US . Emirates, Dubai, Los, West Coast, FlightAware . Emirates, Los Angeles, Air India, New Delhi, New York, Chicago, San Francisco, Tashkent, Qatar, Doha, China, detouring, Uzbekistan, American, Belarusian, Australia, overflying Russia, America, India, United

☆ Air France-KLM says it plans to order 50 Airbus A350 jets
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

[1/2] A logo is seen on the facade of Air France-KLM building during the presentation of the group's annual results in Paris, France, February 17, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsPARIS, Sept 25 (Reuters) - Air France-KLM (AIRF.PA) said on Monday it plans to order 50 Airbus (AIR.PA) A350 long-haul jets, together with purchase rights for an additional 40 aircraft. The provisional deal includes both the A350-900 and the larger A350-1000 models, and the aircraft will be delivered between 2026 and 2030, the airline group said in a statement. The planned order, which is not yet in the Airbus books pending a final contract, comes on top of an existing order for 41 Airbus A350-900s for the group's French network, Air France, of which 22 have so far been delivered. From Boeing it has outstanding order for five 787-10s jets.

Persons: Benoit Tessier, Tim Hepher, Mark Potter Organizations: Air France, KLM, REUTERS, Rights, Airbus, Boeing, Air, GV De Clercq, Thomson Locations: Air, Paris, France, Ukraine, Air France

[1/2] A South Korea won note is seen in this illustration photo May 31, 2017. South Korean companies repatriated a record $33.13 billion of overseas earnings during the January-July period, 6.3 times the amount a year earlier, central bank data on current account balances showed. "The coming home of earnings retained abroad has been a big help for the won," a government official in charge of foreign exchange market said, asking not to be named due to internal policy. The automaker said on June 12 it plans to invest 7.8 trillion won ($5.82 billion) of retained earnings from overseas operations this year in electric car factories at home. The surge in repatriation also comes ahead of trading reforms planned for next year, when South Korea will extend onshore trading hours until 2 a.m. to improve access for foreign investors.

Persons: Thomas White, Yoon Suk, Hong Sung, kook, Min Gyeong, 1,340.7400, Jihoon Lee, Cynthia Kim, Joyce Lee, Heekyong Yang, Vidya Ranganathan Organizations: South, REUTERS, Rights, Samsung Electronics, Hyundai Motor, Kia Corp, Reuters Graphics Bank of Korea, Woori Bank, Hyundai, Hyundai Motor Group, Shinhan Bank, Yena, Thomson Locations: South Korea, Rights SEOUL, Korea

BOSTON (AP) — When it comes to hurricanes, New England can't compete with Florida or the Caribbean. Lee remained a Category 1 hurricane late Friday night with sustained winds of 80 mph (128 kph). One recent study found climate change could result in hurricanes expanding their reach more often into mid-latitude regions, which include New York, Boston and even Beijing. While hurricanes and tropical storms are uncommon in New England, the region has been seen its share of violent weather events. The Great New England Hurricane of 1938 brought gusts as high as 186 mph (300 kph) and sustained winds of 121 mph (195 kph) at Massachusetts’ Blue Hill Observatory.

Persons: Lee, ”, Joshua Studholme, they’re, Andra Garner, Garner, Kerry Emanuel, Emanuel, “, ” Garner, Hurricanes Carol, Edna, Hurricane Bob, Superstorm Sandy, Storm Irene, Michael Casey Organizations: BOSTON, Yale University, U.S ., Rowan University, New, Massachusetts Institute of Technology, Hurricanes, Hurricane, AP Locations: New England, Florida, of Maine, England, Canadian, of Nova Scotia, Massachusetts, Maine, New York, Boston, Beijing, Boston , New York, Norfolk , Virginia, New Englanders, U.S, U.S . East Coast, New Jersey, New York City, Gulf, Atlantic City , New Jersey, Vermont

But scientists said Friday that the arrival of storms like Hurricane Lee this weekend could become more common in the region as the planet warms, including in places such as the Gulf of Maine. One recent study found climate change could result in hurricanes expanding their reach more often into mid-latitude regions, which includes New York, Boston and even Beijing. Lee remained a hurricane with 80 mph (128 kph) winds at 2 p.m. EDT Friday as it headed toward New England and eastern Canada with 20-foot (6-meter) ocean swells, strong winds and rain. While hurricanes and tropical storms are uncommon in New England, the region has been seen its share of violent weather events. The Great New England Hurricane of 1938 brought gusts as high as 186 mph (300 kph) and sustained winds of 121 mph (195 kph) at Massachusetts’ Blue Hill Observatory.

Persons: Lee, Joshua Studholme, they’re, ”, Andra Garner, Kerry Emanuel, Emanuel, “, ” Garner, Hurricanes Carol, Edna, Bob, Superstorm Sandy, Storm Irene, Garner, Michael Casey Organizations: BOSTON, Yale University, U.S ., Rowan University, Massachusetts Institute of Technology, Hurricanes, AP Locations: New England, Florida, of Maine, New York, Boston, Beijing, Boston , New York, Norfolk, Virginia, New Englanders, U.S, U.S . East Coast, New York City, Maine, Gulf, Canada, England, Massachusetts, —, Atlantic City , New Jersey, Vermont

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

☆ Boeing says a new 737 Max flaw will slow airplane deliveries
▼ + stars: | 2023-08-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A person with an umbrella walks by a Boeing 737 Max fuselage parked outside the company's production facility in Renton, Washington, January 10, 2020. Boeing said a new manufacturing flaw on its best-selling 737 Max will delay deliveries of its best-selling aircraft, the latest setback as the company tries to hand over more planes. The company said it found fastener holes on the aft pressure bulkhead on some 737 planes were improperly drilled. "This issue will impact near-term 737 deliveries as we conduct inspections to determine the number of airplanes affected, and complete required rework on those airplanes," Boeing said. Boeing didn't say whether the new issue would change its forecast to deliver between 400 and 450 Max jets this year.

Persons: Max, Aerosystems Organizations: Boeing, Max, Airbus, The Air, Federal Aviation Administration Locations: Renton , Washington

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