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☆ United Airlines slashes 2024 aircraft delivery plan as Boeing crisis leads to delays
▼ + stars: | 2024-04-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines on Tuesday cut its aircraft-delivery expectations for the year as it grapples with delays from Boeing , the latest airline to face growth challenges because of the plane-maker's safety crisis. "We've adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver," CEO Scott Kirby said in an earnings release. In January, United said it was taking Boeing's not-yet-certified Max 10 out of its fleet plan. The airline said it has converted some Max 10 planes for Max 9s. United is also facing a Federal Aviation Administration safety review, which has prevented some of its planned growth.

Persons: Scott Kirby, United, Boeing's, Max, Max 9s Organizations: Airlines, Boeing, Airbus A321neos, Max, Federal Aviation Administration, CNBC, FAA, Alaska Airlines, United, Revenue Locations: U.S, Newark , New Jersey, Faro, Portugal, Tokyo, Cebu, Philippines, Southwest

☆ Boeing’s problems just cost United $200 million
▼ + stars: | 2024-04-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The company took a $200 million hit in the first quarter after the Boeing 737 Max 9 was grounded following the door plug incident aboard an Alaska Airlines flight. Boeing’s publicity woes and the grounding of the jets weren’t the only way that the airplane manufacturer hurt United. United now says it no longer expects the Boeing 737 Max 10, the latest and longest version of the Boeing 737, to be delivered this year. With questions about the quality and safety of Boeing jets, the certification has likely been pushed back to at least 2025. Of more concern to Boeing, United also said Tuesday that it has reached agreements with two lessors to lease 35 new Airbus A321neos, a 737 Max competitor.

Persons: Max, Scott Kirby, United Organizations: New, New York CNN — United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration, FAA, United, Airbus, Revenue Locations: New York, United

☆ Geopolitical strife is roiling Wall Street. Here’s what investors are watching
▼ + stars: | 2024-04-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Those what-ifs could further roil gas and oil prices. But if there’s further conflict, he said, “you’d see a much higher premium for oil prices. If there’s a de-escalation of tensions between Israel and Iran, they said, oil prices should come down over the next few weeks. But if there’s an escalation in conflict, they expect that oil prices could jump to more than $100 per barrel, they wrote in a note Monday. Retail sales rose 0.7% in March from the prior month, a slower pace than February’s upwardly revised 0.9% gain, the Commerce Department reported Monday.

Persons: New York CNN —, JPMorgan Chase, Jamie Dimon, ” Dimon, Jerome Powell, We’ll, Christine Lagarde, Andrew Bailey, Dave Sekera, Israel doesn’t, ”, “, Moody’s, there’s, Chris Isidore, Pete Muntean, Sam Salehpour, Read, Bryan Mena, Claire Tassin Organizations: CNN Business, Bell, New York CNN, Dow, JPMorgan, International Monetary Fund, IMF, Bank, Bank of Canada, Seven, European Central Bank, Bank of England, Morningstar, Nvidia, AMD, Wall Street Journal, Federal Reserve Bank of New, Boeing, Federal Aviation Administration, Alaska Airlines, Commerce Department, Morning, Amazon Locations: New York, Russia, Ukraine, China, United States, Washington ,, Iran, Israel, Federal Reserve Bank of New York

☆ Boeing defends its planes’ safety ahead of whistleblower hearing
▼ + stars: | 2024-04-15 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +4 min

New York CNN —Boeing on Monday scrambled to address safety and quality concerns about its planes ahead of a whistleblower hearing in the Senate on Wednesday. Salehpour is set to be the key witness at a Wednesday hearing of the Senate permanent subcommittee on investigations. That has sparked investigations and allegations that some Boeing employees felt reluctant to raise questions about the safety of the planes they are building or inspecting for fear of retaliation. The average 787 does 600 flights a year, according to Chisholm, and the tests Boeing put the planes through simulated 165,000 flights. Boeing and the Federal Aviation Administration have admitted that some of the planes did have problems with the gaps between parts of the fuselages that were wider than the standards set by Boeing.

Persons: Sam Salehpour, Salehpour, —, “ We’re, ”, Lisa Fahl, Steve Chisholm, Chisholm, we’re, Fahl Organizations: New, New York CNN, Boeing, Federal Aviation Administration, Alaska Airlines, Boeing Commercial Airplanes Locations: New York, Alaska

☆ Boeing Defends Safety of 787 Dreamliner After Whistle-Blower’s Claims
▼ + stars: | 2024-04-15 | by ( Mark Walker | Niraj Chokshi | ) www.nytimes.com time to read: +1 min

Boeing sought on Monday to reassure the public of the safety of its 787 Dreamliner plane days before a whistle-blower is scheduled to testify before Congress about his concerns regarding the jet’s structural integrity. The presentation came just under a week after The New York Times reported the allegations by the whistle-blower, Sam Salehpour, who works as a quality engineer at Boeing and is set to testify before a Senate panel on Wednesday. Mr. Salehpour said that sections of the fuselage of the Dreamliner, a wide-body plane that makes extensive use of composite materials, were not properly fastened together and that the plane could suffer structural failure over time as a result. The Federal Aviation Administration is investigating his allegations. Mr. Salehpour’s claims instantly created another public-relations problem for Boeing, which has been facing intense scrutiny over its manufacturing practices after a panel came off a 737 Max during an Alaska Airlines flight in January.

Persons: Sam Salehpour, Salehpour, Salehpour’s Organizations: Boeing, New York Times, Federal Aviation Administration, Alaska Airlines Locations: North Charleston, S.C

☆ Boeing defends 787 Dreamliner safety after whistleblower alleged structural flaws
▼ + stars: | 2024-04-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company's final assembly facility in North Charleston, South Carolina. Boeing denied the allegations, calling them "inaccurate" and said it stood by the planes' safety. Salehpour is scheduled to appear along with another whistleblower who worked at Boeing, a former aviation official and an independent safety expert at a Senate hearing on Wednesday about aircraft safety called "Examining Boeing's Broken Safety Culture: Firsthand Accounts." Boeing last week declined to comment on those specific allegations, citing the FAA's ongoing whistleblower investigation, but said, "Retaliation is strictly prohibited at Boeing." The company is scheduled to report quarterly results on April 24, when it will face investor questions about aircraft safety, production rates and FAA oversight.

Persons: Sam Salehpour, Steve Chisholm Organizations: Boeing Co, Boeing, Federal Aviation Administration, FAA Locations: North Charleston , South Carolina

☆ Earnings playbook: Your guide to trading the biggest reports of the week, including Netflix and Goldman Sachs
▼ + stars: | 2024-04-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +8 min

What history shows: Goldman Sachs beats earnings estimates 85% of the time, according to Bespoke Investment Group. What CNBC is watching: Bank of America shares have struggled lately, losing 5.6% this month as investors reprice rate cut expectations. Morgan Stanley is set to report earnings before the open. United Airlines is set to report earnings after the close. Thursday Netflix is set to report earnings after the close.

Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Goldman, Devin Ryan, Morgan, Ryan, UNH, UnitedHealth, LSEG, UAL, Leslie Josephs, Oppenheimer, Jason Helfstein, Procter & Gamble, Dara Mohsenian, Procter Organizations: Bank of America, Netflix, JPMorgan, CNBC, JMP Securities, Investment, Tuesday Bank of America, UBS, BofA, Dow Jones Industrial, Street, United Airlines, Boeing, Max, Federal Aviation Administration, San Francisco, United, Procter & Locations: Charlotte, San, U.S, China

☆ A Boeing supplier says it tried using Vaseline, cornstarch, and talcum powder to lubricate a door seal before settling on Dawn dish soap: NYT
▼ + stars: | 2024-04-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Besides the soap, FAA auditors say they saw Spirit mechanics use a hotel key card to check a door seal. In March, The Times reported that Federal Aviation Administration's (FAA) auditors saw Spirit AeroSystems' mechanics applying soap to a door seal. AdvertisementAccording to Buccino, Spirit also tried using other household products such as Vaseline, cornstarch, and talcum powder as a lubricant before settling on liquid Dawn soap. Buccino said the Dawn soap became their top choice because it didn't cause the door seal to degrade over time. Representatives for Boeing, Spirit, and the FAA did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: Spirit AeroSystems, —, Joe Buccino, Buccino, Spirit, Sean Black, Black, Dave Calhoun, Jennifer Homendy Organizations: Boeing, Spirit, FAA, Service, New York Times, The Times, Aviation, Times, Alaska Airlines, National Transportation Safety Board, NTSB, Business Insider

☆ Dish Soap to Help Build Planes? Boeing Signs Off on Supplier’s Method.
▼ + stars: | 2024-04-11 | by ( Mark Walker | ) www.nytimes.com time to read: +1 min

A recent Federal Aviation Administration audit of the production of the Boeing 737 Max raised a peculiar question. Was it really appropriate for one of the plane maker’s key suppliers to be using Dawn dish soap and a hotel key card as part of its manufacturing process? conducted the audit after a panel known as a door plug blew off a 737 Max 9 during an Alaska Airlines flight in January. The New York Times reported last month that the agency’s examination had identified dozens of problems at Boeing and the supplier, Spirit AeroSystems, which makes the fuselage of the 737 Max. But in the aftermath of the Alaska episode, Spirit says one thing has been misunderstood: its use of the dish soap and the hotel key card.

Persons: Max Organizations: Federal Aviation Administration, Boeing, Alaska Airlines, The New York Times Locations: Alaska, Renton, Wash

☆ Delta posts strong earnings in tough quarter for US airlines
▼ + stars: | 2024-04-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Delta Air Lines reported vastly improved earnings in the first quarter, and the company said results should remain strong the rest of the year. Delta predicted it would report record revenue in the second quarter, it said it expects thinner profit margins. So it now expects earnings per share of between $2.20 to $2.50, which would be down from the record adjusted earnings per share of $2.64 a year ago. Delta has no 737 Max jets in its fleet currently, although it has placed orders for some of the jets. In July 2022 it placed an order for 100 of the Boeing 737 Max 10 jets, the largest version of the Max.

Persons: Ed Bastian, Max, ”, Scott Kirby, Bastian didn’t, “ Organizations: New, New York CNN — Delta Air Lines, Wall, Delta, Boeing, United Airlines ’, Southwest, Airbus, Alaska Airlines, Max, Federal Aviation Administration, Alaska Air, United Airlines Locations: New York, Atlanta, Alaska

☆ Boeing somehow managed to get itself into even bigger trouble
▼ + stars: | 2024-04-10 | by ( David Goldman | ) edition.cnn.com time to read: +8 min

New York CNN —Boeing has achieved the unthinkable this week: It managed to fall even deeper into crisis. It ultimately approved the planes for shipments to airlines in March 2023 after becoming satisfied that Boeing had fixed the problem. Then, during the first weekend of 2024, part of an Alaska Airlines 737 Max blew off the side of the plane just after take-off, and Boeing has been in crisis mode ever since. In February, pilots on a United Airlines 737 Max reported that the flight controls jammed as the plane landed in Newark, New Jersey. The FAA is allowing the planes to continue flying and Boeing said the problem does not pose an immediate safety risk.

Persons: Sam Salehpour, Salehpour, McDonnell Douglas, Max, Boeing hasn’t, Dave Calhoun, Mike Whitaker, Whitaker, What’s, Boeing’s, Airlines, hasn’t Organizations: New, New York CNN, Boeing, US Federal Aviation Administration, FAA, New York Times, Alaska Airlines, National Transportation Safety Board, United Airlines, Airbus, Airlines Locations: New York, Newark , New Jersey

☆ Boeing's quarterly airplane deliveries drop to 83 amid safety crisis
▼ + stars: | 2024-04-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing airplane deliveries dropped in the first quarter as the company faces increased scrutiny after a door plug blew out from one of its 737 Max 9 planes midair in January. Boeing customers are still ordering new jets from the manufacturer, which along with Airbus dominates the large-jetliner market. The latest tally comes after the Jan. 5 accident on Alaska Airlines 1282 brought Boeing inches from a catastrophe. Since the accident, the Federal Aviation Administration has inspected Boeing's 737 Max production and barred the plane maker from increasing production of the jets until it signs off on its quality control procedures. "We won't rush or go too fast," Boeing CFO Brian West said at a Bank of America conference last month.

Persons: Brian West, we're, Dave Calhoun Organizations: Boeing, Airbus, American Airlines, Alaska Airlines, Federal Aviation Administration, Bank of America, Aircraft

☆ Boeing orders bounce back on demand for a plane it can’t deliver yet
▼ + stars: | 2024-04-09 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

American placed orders for 85 of the Boeing 737 Max 10, the largest version of that troubled aircraft. It also converted previous orders for 30 of the shorter Max 8 version of the plane, which is currently flying, into additional Max 10 orders. That report showed no other orders for any version of the 737 Max. Besides American’s large Max order, Boeing also received orders for 28 of its widebody 777 jets during the month. Boeing also reported it delivered only 24 of the 737 Max jets in the month, and five 787 Dreamliners.

Persons: Max, Scott Kirby, Kirby Organizations: New, New York CNN, American Airlines, Federal Aviation Administration, Boeing, Alaska Airlines, FAA, Alaska Air, United Airlines, Airbus, United, Southwest Airlines Locations: New York, American, Alaska

☆ F.A.A. Investigates Claims by Boeing Whistle-Blower About Flaws in 787 Dreamliner
▼ + stars: | 2024-04-09 | by ( Mark Walker | James Glanz | ) www.nytimes.com time to read: +1 min

The Federal Aviation Administration is investigating claims made by a Boeing engineer who says that sections of the fuselage of the 787 Dreamliner are improperly fastened together and could break apart mid-flight after thousands of trips. The engineer, Sam Salehpour, who worked on the plane, detailed his allegations in interviews with The New York Times and in documents sent to the F.A.A. A spokesman for the agency confirmed that it was investigating the allegations but declined to comment on them. The fuselages for the plane come in several pieces, all from different manufacturers, and they are not exactly the same shape where they fit together, he said. Boeing concedes those manufacturing changes were made, but a spokesman for the company, Paul Lewis, said there was “no impact on durability or safe longevity of the airframe.”

Persons: Sam Salehpour, Salehpour, Paul Lewis Organizations: Federal Aviation Administration, Boeing, New York Times

☆ A whistleblower claims that Boeing’s 787 Dreamliner is flawed. The FAA is investigating
▼ + stars: | 2024-04-09 | by ( Gregory Wallace | Gabe Cohen | ) edition.cnn.com time to read: +1 min

CNN —Federal authorities say they’re investigating Boeing after a whistleblower repeatedly raised concerns with two widebody jet models, and claimed the company retaliated against him. Whistleblower Sam Salehpour, a Boeing engineer, alleges that Boeing took shortcuts when manufacturing its 777 and 787 Dreamliner jets, and that the risks could become catastrophic as the airplanes age. His formal complaint to the Federal Aviation Administration, filed in January and made public on Tuesday, is not specific to the newer 737 Max jet that has been grounded twice by the Federal Aviation Administration. In response to the complaint, the FAA said it investigates all whistleblower complaints. “Voluntary reporting without fear of reprisal is a critical component in aviation safety,” the FAA said.

Persons: Sam Salehpour, “ Organizations: CNN, Federal, Boeing, Federal Aviation Administration, FAA

☆ Airbus and Boeing's problems spell bad news for the cost of your summer vacation
▼ + stars: | 2024-04-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

IATA predicted this year will beat the pre-pandemic record for air travel. But both Boeing and Airbus jets are having problems that are reducing capacity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In December 2023, the International Air Travel Association predicted 2024 would break records for the most air passengers ever. But airlines are warning they'll have fewer seats available than they initially thought, as both Boeing and Airbus are dealing with problems.

Persons: —, Martha Neubauer, Dave Calhoun, Boeing's, Willie Walsh Organizations: Boeing, Airbus, Service, International Air Travel Association, Reuters, Airlines, Max, Ryanair, Alaska Airlines, Federal Aviation Administration, Pratt & Whitney, London Starbucks Locations: London

☆ Stocks making the biggest moves premarket: Tesla, Take-Two Interactive, BJ's Wholesale, Boeing and more
▼ + stars: | 2024-04-08 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. BJ's Wholesale — Shares of the warehouse club added 2.4% following an upgrade by Goldman Sachs to buy from neutral. Boeing — Shares were roughly 1% lower in premarket trading. Take-Two Interactive — Stock in the video game holding company advanced more than 2% following an upgrade to buy from Citi. Fastly — Stock in the cloud computing company gained nearly 4% following an upgrade to overweight from Piper Sandler.

Persons: Elon Musk, Ulta, Anthony Chukumba, Goldman Sachs, Biden, Piper Sandler, James E, Fish, CNBC's Michelle Fox Organizations: Loop, Boeing —, Federal Aviation Administration, Southwest Airlines, Denver Airport, Taiwan Semiconductor Manufacturing, Arizona, Citi, UiPath Inc, —, KeyBanc

☆ Eclipse flights swarm airports: 'We had to close the runway to park planes'
▼ + stars: | 2024-04-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An airplane passes during a partial solar eclipse seen from Queens, New York City, U.S., April 8, 2024. Monday's solar eclipse is giving some of the country's smaller airports their moment in the sun. The Federal Aviation Administration reported arriving flights at airports from Burlington, Vermont, to southern Illinois were briefly halted Monday morning ahead of the total eclipse. The best views of the solar eclipse in the U.S. span from Texas through Illinois, Kentucky and Ohio to northwestern New York and Maine, according to NASA. "We had to close the runway to park planes," Alyssa Connell, head of operations at Southern Illinois Airport in Murphysboro, Illinois, told CNBC.

Persons: Alyssa Connell, Patrick Leahy, Dave Carman, It's, Carman Organizations: Federal Aviation Administration, NASA, FAA, Southern Illinois Airport, CNBC, International Locations: Queens , New York City, U.S, Burlington , Vermont, Illinois, Texas, Illinois , Kentucky, Ohio, New York, Maine, Murphysboro , Illinois, Vermont

A Southwest Airlines flight safely returned to Denver International Airport on Sunday after the engine cover of a Boeing 737-800 fell off during takeoff and struck the wing flap, the Federal Aviation Administration said. Flight 3695 was headed to Houston but returned to the Denver airport around 8:15 a.m. after the crew reported the engine cowling, or cover, fell off. The plane, which had 135 passengers and five crew members, was towed back to the gate. In a statement, Southwest Airlines said its maintenance teams were reviewing the aircraft. Southwest said the passengers boarded another plane and arrived at William P. Hobby Airport in Houston approximately three hours behind schedule.

Persons: William P Organizations: Southwest Airlines, Denver International Airport, Boeing, Federal Aviation Administration, Hobby Locations: Houston, Denver

☆ Southwest Boeing 737-800 flight from Denver loses engine cover, FAA investigating
▼ + stars: | 2024-04-07 | by ( Pete Muntean | ) edition.cnn.com time to read: +1 min

New York CNN —A Houston-bound Boeing 737-800 plane operated by Southwest Airlines returned safely to Denver International Airport on Sunday after an engine cover fell off and struck the wing flap, according to the Federal Aviation Administration. “We apologize for the inconvenience of their delay but place our highest priority on ultimate Safety for our Customers and Employees,” the statement said. Southwest said its maintenance teams would review the aircraft, which departed at 7:49 a.m. local time and returned at 8:15 a.m. The plane was deemed airworthy in May 2015, per FAA records. Boeing declined to comment and referred CNN to Southwest for information about plane and fleet operations.

Organizations: New, New York CNN, Boeing, Southwest Airlines, Denver International Airport, Federal Aviation Administration, CNN, Southwest, Employees Locations: New York, Houston, Southwest

☆ These plane crash survivors and victims’ loved ones are becoming scared to fly again after years of travel. They’re not alone
▼ + stars: | 2024-04-06 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +13 min

Others, however, said they are still confident in flight safety, pointing out that commercial air travel remains one of the safest modes of transportation. Cara and Erin Ashcraft survived the crash of American Airlines Flight 1420, operated on a McDonnell Douglas MD-82, during a landing at Little Rock National Airport on June 1, 1999. “I’ve never had concerns (about air travel safety) before. This is the hole left behind when the plug door of an Alaska Airlines flight blew off midflight on January 5, 2024. Pierson is wary of attitudes around the apparent safety of American air travel, he said.

Persons: Barb Handley, –, ” Handley, Handley, ”, ‘, Mary Handley, Alice, Barb Handley Miller, Pat Gabrielse, Dan Handley, Beth Handley McMall, Kathleen Handley Salemi, Cara, Erin Ashcraft, “, I’m, ” Cara, ” Cara Ashcraft, ’, McDonnell Douglas, Andy Scott, “ I’m, ” Erin Ashcraft, ” ‘ I’ve, Trey Smith, “ I’ve, ” Smith, Smith, Scott Kirby, United, Boeing Aubrey, Max, Aubrey, they’re, ” Anthony Brickhouse, Florida’s Embry, Brickhouse, Ed Pierson, Pierson, That’s, ” CNN’s Chris Isidore, Jacopo Prisco Organizations: CNN, Alaska Airlines, United Airlines Boeing, Boeing, –, National Transportation, NTSB, Federal Aviation Administration, United Airlines, American Airlines, McDonnell, Little Rock National Airport, Dallas Morning News, International Air Transport, United, Reuters United, Airbus, “ Airlines, Delta Air Lines, Hawaiian Airlines, Florida’s, Riddle Aeronautical University, Alaska Airlines Max, US Federal Aviation Administration, National Transportation Safety Board, Foundation for Aviation Safety, Air Canada, San Francisco International Airport Locations: Alaska, Little Rock , Arkansas, United States, Virginia, Los Angeles, East, Southwest

☆ This new 'blended-wing' plane looks like a military stealth bomber and just got the green light to fly after decades of development
▼ + stars: | 2024-04-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

California aerospace startup JetZero got the green light to fly its new "Pathfinder" aircraft. The composite technology makes this new load bearing possible, Bragg told BI. "The product is essentially a new airframe and flight controls married to existing systems already certified for commercial flight," JetZero told BI. And most of those 200+ passengers would be in the middle section without a window, which Bragg told BI could put off travelers. Later, American aircraft industrialist and designer Jack Northrop built his famous "Flying Wing" aircraft in the 1940s, laying the framework for the eventual B-2 bomber.

Persons: JetZero, —, Tom O'Leary, Bailey Miles, AviationValues, Michael Bragg, Bragg, Douglas, it's, Jack Northrop, McDonnell Douglas, BWBs Organizations: Service, Aerospace, Federal Aviation Administration, CNN, Business, FAA, Boeing, US Air Force, Pathfinder, University of Illinois, Douglas DC, Airbus, Engineers, USAF, Getty Images Development, MD's, NASA Locations: California

☆ Why the Boeing 737 Max has been so problematic
▼ + stars: | 2024-04-06 | by ( Erin Black | ) www.cnbc.com time to read: +1 min

Both were Boeing 737 Max 8 planes. Then in January 2024, a near catastrophe occurred when a door plug blew off an Alaska Airlines 737 Max 9 plane at 16,000 feet, shortly after it took off from Portland, Oregon. The Department of Justice has opened a criminal investigation into the Alaska Airlines incident, and the Federal Aviation Administration said it found quality control problems in its audit of Boeing and fuselage maker Spirit AeroSystem 's 737 Max production process. The FAA has said it won't let Boeing expand production until it is satisfied with its quality control. CNBC explores how Boeing's 737 Max crisis unfolded and what the future holds for Boeing's best-selling jet.

Persons: Max, AeroSystem, Dave Calhoun Organizations: Boeing, Max, Alaska Airlines, of Justice, Federal Aviation Administration, FAA, CNBC Locations: Indonesia, Ethiopia, Portland , Oregon, U.S, Alaska

It had a magnitude of 4.8 and an epicenter 30 miles west of Newark, New Jersey, per the USGS. AdvertisementA rare earthquake outside New York City rattled the tristate area on Friday morning. New York City experienced an earthquake on Friday. While earthquakes in New York City are rare, North America is home to some of the world's biggest. In 2011, a 5.9 magnitude earthquake hit Virginia, marking the last major rattler to hit the East Coast.

Persons: —, Paul Earle, Talia Lakritz, Earle, Jessica Jobe, Phil Murphy, Kathy Hochul, John F, Flightradar24, Eric Adams Organizations: Service, New York City, United States Geological Survey, Gov, New York Police Department, New, New York City Fire Department, Business, Newark Liberty International, Kennedy, Federal Aviation Administration Locations: Philadelphia, Boston, Newark , New Jersey, New York, New Jersey, East, Norfolk , Virginia, Maine, New York City, Newark, Holland, North America, Virginia, Toronto

☆ Boeing CEO Calhoun took home $5 million last year, compensation package hit by Max crisis
▼ + stars: | 2024-04-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Calhoun's total compensation last year rose 45% to $32.8 million, up from $22.6 million in the prior year. The manufacturer is grappling with the fallout of a door plug panel that blew out midair from a 737 Max operated by Alaska Airlines in January. Boeing disclosed the take-home pay, which did not include a 2023 bonus Calhoun declined that was valued at $2.8 million, and executive compensation in a filing on Friday. Calhoun took the helm at Boeing in January 2020 after his predecessor was ousted for his handling of the aftermath of two fatal crashes of the 737 Max. The Justice Department is investigating the Alaska Airlines accident and the Federal Aviation Administration has capped Boeing's 737 Max production until it signs off on Boeing's quality control.

Persons: Dave Calhoun, Dave Calhoun's, Max, Stan Deal, Calhoun, Steve Mollenkopf, aren't Organizations: Capitol, Washington , D.C, Boeing, Alaska Airlines, Justice, Federal Aviation Administration Locations: Washington ,

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