Boeing 737 Max production halted pending federal negotiations

Fewed by - Bilal Jafar

Boeing CEO Dave Calhoun said in a recent interview that he thinks a major US airline will go out of business by September this year due to the coronavirus pandemic. “I don’t want to get too predictive on that subject, but yes, most likely,” he said in an interview on NBC’s “TODAY” show. “You know, something will happen when September comes around.” He didn’t name the airline though

boeing airline coronavirus dave calhoun

Fewed by - Reefew Bot

Between compensation payments related to the 737 MAX grounding, delayed aircraft deliveries resulting from customers' distress, and Boeing's need to support its supply chain, cash burn will likely continue to exceed reported losses for most if not all of 2020. While Boeing is doing its best to cut costs, dramatically lower production rates will put pressure on profit margins

billion production goes

Fewed by - Reefew Bot

The results, as expected, were lousy, but investors were encouraged by production rate cuts that were less than feared and management actions to streamline the company and prepare for a commercial aerospace downturn. CEO David Calhoun said in a statement that the pandemic "is affecting every aspect of our business, including airline customer demand, production continuity and supply chain stability."

shares production cuts

Fewed by - Reefew Bot

Boeing said on Thursday it will restart production of its commercial airplanes next week in the Seattle area, putting about 27,000 people back to work after operations were suspended because of the COVID-19 pandemic. Boeing operates two commercial aviation production facilities in the Seattle area, one in Everett and another in Renton. Operations at Boeing plants in South Carolina remain suspended, officials said.

boeing manufacturing worker-safety