Boeing ousts CEO Dennis Muilenburg over 737 MAX crisis

(Bloomberg) — Dennis Muilenburg was ousted as chief executive officer of Boeing Co., a once-unthinkable turning point for a U.S. industrial champion engulfed in turmoil after two deadly crashes of its top-selling 737 MAX jetliner. David Calhoun, a General Electric Co. veteran who had served as chairman since October, will replace Muilenburg as CEO and […]

Boeing pauses 737 MAX production in effort to slow cash burn

(Bloomberg) –Boeing Co. will halt production of the grounded 737 MAX in January, a move that will deepen the crisis engulfing the planemaker, complicate its eventual recovery and ripple through the U.S. economy. Employees at the Seattle-area factory where the MAX is built will continue 737-related work or be temporarily reassigned to other programs, the […]

Boeing CEO, removed as chairman, near last chance on 737 MAX

(Bloomberg) – The clock is ticking ever more loudly for Boeing Co. Chief Executive Officer Dennis Muilenburg as the grounding of the 737 MAX hits the seven-month mark. The board removed him as chairman Oct. 11 after the close of the workweek, saying the change would enable Muilenburg to focus on returning Boeing’s best-selling jet […]

Boeing, FedEx to test fuel-saving tech with ‘ecoDemonstrator’ aircraft

Airfreight is notorious for being one of most polluting modes of transportation, so news that Boeing and FedEx Express are teaming up to test fuel-saving technology is welcome news in an industry that has been slow to adapt. As part of the 38-year-old “ecoDemonstrator” program, Boeing will install experimental technology on a FedEx 777F to […]

Qatar Airways spurns Airbus, flirts with Boeing, buys into LATAM

Qatar Airways is having a busy week, as the Gulf-based carrier continues to grab the aviation sector’s attention at the Farnborough Airshow in the U.K. In addition to releasing its financials for the first time in a bid to suppress allegations of opacity and unfair subsidies, the carrier also signed an agreement today to buy […]