News

737 MAX

Airlines Pull Dozens of Boeing 737 MAX Jets Out of Service After Possible Electrical Problem Flagged

AP News | Equities.com |

Airlines pulled dozens of Boeing Max 737s out of service for inspections after the aircraft maker told them about a possible electrical problem, the latest setback for the plane.

Boeing said Friday that the issue affected planes used by 16 airlines. The company did not say how many planes are affected or how long it will take for inspections and, if necessary, repairs.


Whatever Hysteria Exists is Inflamed by... Secrecy — Part I

Michael McTague | Equities.com |

In this first entry in our series on secrecy, we look at one of the worst cases of corporations hiding the facts: the Boeing 737 MAX. The superb airplane manufacturer makes very high quality products. It also makes a great deal of money, though the trend hasn't been its friend in the past three years. Over $101 billion in 2018, $77 billion in 2019 and $58 billion in an eventful 2020.


Southwest Airlines Orders 100 Boeing 737 Max Aircraft

AP News | Equities.com |

Southwest Airlines said Monday it’s expanding its all-Boeing fleet with an order for 100 737 MAX airplanes.

The Max was grounded worldwide in March 2019 after two crashes that killed 346 people. Regulators in the U.S., Europe, Canada, Brazil and other countries cleared the plane to resume flying after Boeing changed an automated flight-control system that played a role in the crashes.


Boeing Delivers 22 Aircraft in February, Shows Positive Net Orders for First Time in 14 Months

Reuters | Equities.com |

Boeing Co said on Tuesday it delivered 22 aircraft in February, up from 17 a year earlier, and that its net orders had turned positive for the first time in 14 months as COVID-19 vaccine rollouts boosted the confidence of its airline customers.

The access to vaccines is expected to help a recovery in air travel, benefiting planemakers especially Boeing, which is relying on deliveries of the 737 MAX for a financial turnaround after the jet’s grounding due to t...


Canada To Lift Ban on Boeing 737 MAX on January 20

Reuters | Equities.com |

Canada said on Monday it will lift a near two-year flight ban on Boeing Co’s 737 MAX on Jan. 20, joining other countries like the United States that have brought the aircraft back following two fatal crashes involving the model.

Regulator Transport Canada also said in a release that it had issued an airworthiness directive to aircraft owners, aircraft maintenance engineers and foreign civil aviation authorities, along with an interim order that outlines requirements for airlines on additional crew training.


Boeing Delivered 60% Fewer Aircraft in 2020, Lowest in 43 Years

Reuters | Equities.com |

Boeing Co delivered about 60% fewer aircraft to customers in 2020 than 2019 and less than one-third the deliveries of rival Airbus, the lowest in 43 years, company data showed on Tuesday.

Tuesday’s snapshot of orders and deliveries caps a year in which a resurgent coronavirus pandemic and the tail-end of a 20-month 737 MAX grounding after fatal crashes prevented embattled airlines from adding new jets into their sidelined fleets.

Also, for a second month straight, Boeing handed over to customers zero 787 Dreamliners, as intensive inspections over recent production flaws compound delays from the COVID-19 crisis.


Boeing To Pay Over $2.5 Billion To Settle Justice Department Probe of Deadly 737 MAX Crashes

Reuters | Equities.com |

Boeing Co will pay over $2.5 billion to resolve the U.S. Justice Department’s investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said, but will not be forced to plead guilty to criminal charges.

The Justice Department said the settlement includes a criminal monetary penalty of $243.6 million, compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the passengers.


American Airlines To Restart Boeing 737 MAX Flights Tuesday

Reuters | Equities.com |

American Airlines is set to restart U.S. Boeing 737 MAX commercial flights on Tuesday, another milestone for the U.S. planemaker as it tries to move past its deepest crisis in its 104-year history.

The MAX was grounded in March 2019 for 20 months after two fatal crashes in five months killed 346 people. The grounding was lifted by the Federal Aviation Administration (FAA) last month after Boeing agreed to software upgrades and new safeguards on a key flight control system linked to both fatal crashes.


Families of Crash Victims Urge Regulators To Rescind Approval for 737 MAX to Fly Again

Reuters | Equities.com |

U.S. regulators should rescind approval for the Boeing Co 737 MAX to fly again following a Senate Commerce Committee report released last week, families of crash victims said in a letter to the Department of Transportation and the Federal Aviation Administration.

Asked for comment, the FAA said it had worked closely with other international regulators to conduct “a thorough and deliberate review” of the 737 MAX after the aircraft suffered two fatal crashes.


Alaska Airlines Will Purchase 23 Boeing 737 MAX Jets

Reuters | Equities.com |

Alaska Airlines has agreed to buy 23 Boeing Co 737 MAX 9 jets, the companies said on Tuesday, confirming an Oct. 8 Reuters report that the U.S. planemaker was in talks with Alaska to stimulate demand for the jet’s comeback.

The order, worth some $2.96 billion at list prices before expected steep discounts, comes less than three weeks after European budget airline Ryanair also placed a lifeline order for 75 Boeing 737 MAX jets.

Boeing is battling to build momentum for the 737 MAX as its cash-cow jetliner re-enters commercial service following a 20-month safety ban triggered by fatal crashes.


Sponsored Financial Content

Market Movers