Boeing has reportedly agreed to pay $2.5 billion to end a DOJ criminal investigation and has admitted that employees deceived aviation regulators about safety issues that resulted in two deadly crashes of the 737 MAX.
Boeing announced this week that it has discovered two additional software flaws in its troubled 737 Max line that must be fixed before the fleet returns to the air. Major nations around the globe grounded the 737 Max fleet in 2019 after it was involved in two fatal crashes that claimed the lives of all passengers and crew on board.
Former United Nations Ambassador Nikki Haley raked in more than $256,000 as a member of the Boeing Board of Directors during her tenure before resigning last week.
Former United Nations Ambassador Nikki Haley resigned from the Boeing Board of Directors, citing her opposition to President Trump’s administration potentially offering financial assistance to key American industries in the midst of the coronavirus crisis.
The manufacturing sector began 2020 on a stronger footing than expected, with durable goods orders stronger than anticipated.
Boeing’s suspended 737 Max was a drag on factory activity and mild weather pulled down utility production in January.
Aircraft giant Boeing has secured $12 billion in loans from various financial institutions as part of its long-term plan to recover from the 737 Max crisis.
Boeing has halted production on the troubled 737 Max fleet. Internal issues including software problems and questionable safety features with the 737 Max led to two crashes that took the lives of all passengers and crew on board.
Aircraft giant Boeing is now seeking $10 billion in loans in the aftermath of the 737 Max crisis. The flawed 737 Max fleet suffered two fatal crashes that claimed the lives of all passengers and crew on board before being grounded by the FAA and other global air traffic authorities.
Recently published emails between employees at Boeing revealed that the company dissuaded Lion Air from training pilots that would fly the 737 Max aircraft in Boeing’s simulators. Lion Air Flight 610, which was a 737 Max, crashed in October 2018, killing all passengers on board.
Recently leaked internal emails suggest that Boeing may have attempted to manipulate regulators that were scrutinizing the 737 Max Fleet. One employee even went as far as to say that the 737 Max was “designed by clowns.”
A new report reveals that an Ethiopian Airlines pilot warned executives that pilots needed more training on the Boeing 737 Max. The Pilot said in an email that “it will be a crash for sure” if pilots faced a malfunction and other warnings at the same time. His warning came just months before the airline’s fatal crash involving a 737 Max.
