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China Sanctions Boeing, Raytheon CEOs for Arming Taiwan

The Chinese Foreign Ministry on Friday announced sanctions against Boeing Defense CEO Ted Colbert and Raytheon CEO Gregory Hayes for their role in U.S. arms sales to Taiwan, which supposedly “violate the One China principle” and “gravely undermine China’s sovereignty and security interests.”

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China Claims Black Box Found, But Asks Public to Wait Years for Plane Crash Explanation

Chinese crash site investigators said on Wednesday that one of the “black box” flight recorders from China Eastern Flight MU5735 has been found, and is “relatively intact.” The search for a second black box continues, hampered by heavy rain in the area. Chinese state media continues to provide few serious details about the crash, beyond confirming on Tuesday that none of the 132 passengers or crew survived it.

A worker wearing a protective suit prepares to assist people outside a hotel displaying a

China Reveals No Updates on Boeing Crash over 24 Hours Later

The terrible plane crash in China’s southern Guangxi region continued as a headline news item in Chinese state media on Tuesday – but after 24 hours, no significant details about the incident have been revealed to the public. China’s aviation regulator cautioned the public that it might take years for the investigation to be completed, and little news should be expected until then. 

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Amazon Buys Passenger Jets from Delta, WestJet to Carry Cargo

Amazon announced this week that it is purchasing Boeing airliners from Delta and WestJet and converting them from passenger planes to cargo jets to assist with a surge in online shopping. Amazon’s purchase of 11 Boeing 767-300 passenger jets is a sign of both its increasing dominance in the American economy as well as the airline’s struggles in the era of lockdowns.

Amazon founder Jeff Bezos during the JFK Space Summit at the John F. Kennedy Presidential

Financial Analysts Forecast Bleak Future for Boeing

Financial analysts are concerned about the future of Boeing after two years of financial hardship. Boeing has struggled financially as a result of the. international grounding of the 737 Max fleet and the ongoing coronavirus pandemic.

Boeing planes sit on the assembly line at the company’s 737 plant in Renton, Wash.