Boeing Co is in discussions to sell 737 MAX jets to Alaska Airlines once the plane returns to service following a lengthy grounding, according to a Reuters report.

The talks are part of a series of negotiations between Boeing and several airlines over jet orders or compensation after the 737 MAX was banned worldwide following two fatal crashes.

Boeing shares were up 1.6% at $167.22 on Thursday afternoon, while Alaska Air stock was up 4.1% at $38.54.

Alaska Airlines already had ordered 37 of the jets before the grounding.&nbsp;

If confirmed, a new order from such a major carrier would give Boeing's 737 MAX a sorely needed commercial boost as the US planemaker tries to move beyond a crisis that has hammered its finances. It would also mark a post-crisis test of the balance of power between Boeing and Airbus. 
&nbsp; 
The European planemaker is battling to keep a foothold in Alaska Airlines, which had operated an all-Boeing fleet until it acquired Virgin America in 2016.

The talks are among several discussions Boeing is having with airlines, hoping to stimulate demand for the jet when it returns to the air. Analysts caution cutting prices too far could rattle some existing customers.

After months of delays, and pending approval of design and operational changes, Boeing expects to resume 737 MAX deliveries to airlines before year-end in the United States. 
Seattle-based Alaska Airlines flies 166 older Boeing 737s and 71 Airbus A320-family aircraft.

It has one of the strongest balance sheets among US airlines and analysts believe it could emerge from the pandemic crisis in a competitive position relative to its peers.

Boeing is also negotiating with Irish budget carrier Ryanair, one of its largest customers, over compensation for delays in MAX deliveries and a potential new order.

(with inputs from Reuters)

Boeing Co is in discussions to sell 737 MAX jets to Alaska Airlines once the plane returns to service following a lengthy grounding, according to a Reuters report.

Boeing Co is in discussions to sell 737 MAX jets to Alaska Airlines once the plane returns to service following a lengthy grounding, according to a Reuters report. The talks are part of a series of negotiations between Boeing and several airlines over jet orders or compensation after the 737 MAX was banned worldwide following two fatal crashes. Boeing shares were up 1.6% at $167.22 on Thursday afternoon, while Alaska Air stock was up 4.1% at $38.54. Alaska Airlines already had ordered 37 of the jets before the grounding. If confirmed, a new order from such a major carrier would give Boeing's 737 MAX a sorely needed commercial boost as the US planemaker tries to move beyond a crisis that has hammered its finances. It would also mark a post-crisis test of the balance of power between Boeing and Airbus. The European planemaker is battling to keep a foothold in Alaska Airlines, which had operated an all-Boeing fleet until it acquired Virgin America in 2016. The talks are among several discussions Boeing is having with airlines, hoping to stimulate demand for the jet when it returns to the air. Analysts caution cutting prices too far could rattle some existing customers. After months of delays, and pending approval of design and operational changes, Boeing expects to resume 737 MAX deliveries to airlines before year-end in the United States. Seattle-based Alaska Airlines flies 166 older Boeing 737s and 71 Airbus A320-family aircraft. It has one of the strongest balance sheets among US airlines and analysts believe it could emerge from the pandemic crisis in a competitive position relative to its peers. Boeing is also negotiating with Irish budget carrier Ryanair, one of its largest customers, over compensation for delays in MAX deliveries and a potential new order. (with inputs from Reuters)

Boeing in talks with Alaska Airlines for potential 737 MAX order

Boeing cut its rolling 20-year forecast for airplane demand on Tuesday, sending its shares lower as the COVID-19 pandemic lays waste to deliveries over the next few years.

Boeing cuts jet demand forecast on pandemic crisis

New VVIP carrier has been arrived in India. This aircraft will be exclusively used by India's Prime Minister, President & Vice President.

New VVIP carrier arrives in India, to be exclusively used by PM, President and Vice President

The report on the 18-month investigation, published Wednesday by the House Transportation Committee

US House report blames Boeing, FAA for 737 Max failures

Two senior Boeing Co&nbsp;BA.N&nbsp;executives who oversaw the development of the 737 MAX defended the company's decisions on a key cockpit system later tied to two fatal crashes, according to testimony before congressional investigators seen by Reuters.

Michael Teal, then 737 MAX chief product engineer, and Keith Leverkuhn, who was vice president and general manager of the 737 MAX program, were questioned separately by investigators for the U.S. House Transportation and Infrastructure Committee in May.

“I don’t consider the development of the airplane to be a failure,” Leverkuhn told investigators for the House panel that is to release a final report next week on its investigation into the development of the plane, grounded since March 2019 after two crashes killed 346 people.

Leverkuhn defended the decision to tie a new safety system on the MAX, called MCAS, to a single sensor that has been implicated in both fatal crashes. Boeing has since agreed to use data from two separate sensors when the plane returns to service, which could come as early as this year.

“I think based upon our understanding and our assumptions of flight crew actions, that it wasn’t a mistake,” Leverkuhn said.

Later in his testimony, Leverkuhn added, “Clearly what was in error was our assumptions regarding the human machine interaction. Because the process relied on the industry standard of pilot reaction to a particular failure. And what was clear post accidents was that assumption was incorrect.”

Congressional investigators also questioned testimony that Boeing had never conducted an internal financial analysis to determine the impact of whether the Federal Aviation Administration would require more expensive simulator training.

Teal said that if the 737 MAX design warranted simulator training, Boeing would have created it, while acknowledging that customers may have been disappointed.

“Would airlines have been pleased with that, of course hey would not have,” he said, noting that Boeing had signaled all along that simulator training would not be necessary.

Last year, Boeing confirmed it had agreed to pay Southwest Airlines Co a $1 million per MAX rebate if the training were required.

In January, Boeing reversed course and said it would recommend simulator training for all pilots before the MAX returns to service.

Teal, now the 777X chief project engineer, said the planemaker has since revised some pilot assumptions in the aftermath of the 737 MAX crashes. “It’s a learning that we are now putting forth on the new aircraft,” he said.

Boeing did not immediately respond to a request for comment. The Wall Street Journal, which reported on the transcripts earlier, said Leverkuhn retired earlier this year as he had long planned, citing a Boeing spokesman.

Two senior Boeing Co BA.N executives who oversaw the development of the 737 MAX defended the company's decisions on a key cockpit system later tied to two fatal crashes, according to testimony before congressional investigators seen by Reuters.

Two senior Boeing Co BA.N executives who oversaw the development of the 737 MAX defended the company's decisions on a key cockpit system later tied to two fatal crashes, according to testimony before congressional investigators seen by Reuters. Michael Teal, then 737 MAX chief product engineer, and Keith Leverkuhn, who was vice president and general manager of the 737 MAX program, were questioned separately by investigators for the U.S. House Transportation and Infrastructure Committee in May. “I don’t consider the development of the airplane to be a failure,” Leverkuhn told investigators for the House panel that is to release a final report next week on its investigation into the development of the plane, grounded since March 2019 after two crashes killed 346 people. Leverkuhn defended the decision to tie a new safety system on the MAX, called MCAS, to a single sensor that has been implicated in both fatal crashes. Boeing has since agreed to use data from two separate sensors when the plane returns to service, which could come as early as this year. “I think based upon our understanding and our assumptions of flight crew actions, that it wasn’t a mistake,” Leverkuhn said. Later in his testimony, Leverkuhn added, “Clearly what was in error was our assumptions regarding the human machine interaction. Because the process relied on the industry standard of pilot reaction to a particular failure. And what was clear post accidents was that assumption was incorrect.” Congressional investigators also questioned testimony that Boeing had never conducted an internal financial analysis to determine the impact of whether the Federal Aviation Administration would require more expensive simulator training. Teal said that if the 737 MAX design warranted simulator training, Boeing would have created it, while acknowledging that customers may have been disappointed. “Would airlines have been pleased with that, of course hey would not have,” he said, noting that Boeing had signaled all along that simulator training would not be necessary. Last year, Boeing confirmed it had agreed to pay Southwest Airlines Co a $1 million per MAX rebate if the training were required. In January, Boeing reversed course and said it would recommend simulator training for all pilots before the MAX returns to service. Teal, now the 777X chief project engineer, said the planemaker has since revised some pilot assumptions in the aftermath of the 737 MAX crashes. “It’s a learning that we are now putting forth on the new aircraft,” he said. Boeing did not immediately respond to a request for comment. The Wall Street Journal, which reported on the transcripts earlier, said Leverkuhn retired earlier this year as he had long planned, citing a Boeing spokesman.

Boeing executives defend safety decisions on 737 MAX development

According to Boeing Co., it had identified a third quality-control lapse in production of its 787 Dreamliner, further slowing deliveries of the jetliner and revving up an investigation by federal air-safety regulators.

Deliveries of 787 Dreamliners to be delayed: Boeing

Boeing is offering a second voluntarily layoff package to its employees as the coronavirus pandemic has forced the plane manufacturer to deepen its workforce cuts beyond its original plan of 10% in April.

Coronavirus pandemic sapped Boeing's new jets demand: Second layoff package out

The U.S. Justice Department has opened a criminal probe into whether NASA`s former head of human spaceflight gave Boeing Co improper guidance during a lucrative lunar-lander contract competition, two people familiar with the matter said on Friday.

The Justice Department has sent subpoenas to NASA, Boeing and Doug Loverro, who led the agency`s marquee space travel program until he resigned abruptly in May, as part of a grand-jury investigation into the possible violation of federal procurement laws, the sources said.

In the probe, opened in June, prosecutors are focusing on communication between Loverro and Boeing space executive Jim Chilton in late January, during a blackout period for the Human Landing System competition, one of the sources said.

<a href="https://www.wionews.com/world/nasas-ingenuity-mars-helicopter-recharges-its-batteries-in-flight-320348">Also read:&nbsp;NASA's Ingenuity Mars helicopter recharges its batteries in flight</a>

Representatives for Boeing and Loverro declined to comment. NASA declined to comment on personnel matters and the status of any investigation, but said the agency was confident in its procurement processes.

The probe was earlier reported by the Wall Street Journal.

The investigation, and an earlier probe by a NASA watchdog, has cast a shadow over one of NASA`s most ambitious endeavors: sending humans back to the moon from U.S. soil for the first time in nearly half a century.

In April, NASA bypassed Boeing — an industry juggernaut with deep ties to space travel — and awarded contracts worth a combined $1 billion to Elon Musk`s SpaceX, Amazon.com Inc founder Jeff Bezos` Blue Origin, and Leidos Inc affiliate Dynetics to build lunar landing vehicles that can carry astronauts to the moon by 2024.

Boeing was removed from the competition, NASA said in April, without explaining why.

<a href="https://www.wionews.com/science/nasa-drops-racially-charged-nicknames-of-celestial-bodies-319130">Also read:&nbsp;NASA drops racially charged nicknames of celestial bodies</a>

Two people briefed on a NASA watchdog investigation told Reuters Boeing`s removal was over its contact with Loverro.

The sources said NASA`s Office of Inspector General found that Loverro told Boeing during a blackout period the company`s proposal was incomplete and discussed aspects of the bid that were missing.

After discussions with Loverro, Boeing officials submitted another version during the blackout period, raising legal concerns among agency procurement staff, one of the people said.

Loverro abruptly resigned in May after less than a year on the job, telling employees in an email seen by Reuters that he took certain "risks" to meet NASA`s 2024 moon deadline.

"It is clear that I made a mistake in that choice for which I alone must bear the consequences," Loverro said, without explaining the mistake he was referring to.

The U.S. Justice Department has opened a criminal probe into whether NASA`s former head of human spaceflight gave Boeing Co improper guidance during a lucrative lunar-lander contract competition, two people familiar with the matter said on Friday.

The U.S. Justice Department has opened a criminal probe into whether NASA`s former head of human spaceflight gave Boeing Co improper guidance during a lucrative lunar-lander contract competition, two people familiar with the matter said on Friday. The Justice Department has sent subpoenas to NASA, Boeing and Doug Loverro, who led the agency`s marquee space travel program until he resigned abruptly in May, as part of a grand-jury investigation into the possible violation of federal procurement laws, the sources said. In the probe, opened in June, prosecutors are focusing on communication between Loverro and Boeing space executive Jim Chilton in late January, during a blackout period for the Human Landing System competition, one of the sources said. Also read: NASA's Ingenuity Mars helicopter recharges its batteries in flight Representatives for Boeing and Loverro declined to comment. NASA declined to comment on personnel matters and the status of any investigation, but said the agency was confident in its procurement processes. The probe was earlier reported by the Wall Street Journal. The investigation, and an earlier probe by a NASA watchdog, has cast a shadow over one of NASA`s most ambitious endeavors: sending humans back to the moon from U.S. soil for the first time in nearly half a century. In April, NASA bypassed Boeing — an industry juggernaut with deep ties to space travel — and awarded contracts worth a combined $1 billion to Elon Musk`s SpaceX, Amazon.com Inc founder Jeff Bezos` Blue Origin, and Leidos Inc affiliate Dynetics to build lunar landing vehicles that can carry astronauts to the moon by 2024. Boeing was removed from the competition, NASA said in April, without explaining why. Also read: NASA drops racially charged nicknames of celestial bodies Two people briefed on a NASA watchdog investigation told Reuters Boeing`s removal was over its contact with Loverro. The sources said NASA`s Office of Inspector General found that Loverro told Boeing during a blackout period the company`s proposal was incomplete and discussed aspects of the bid that were missing. After discussions with Loverro, Boeing officials submitted another version during the blackout period, raising legal concerns among agency procurement staff, one of the people said. Loverro abruptly resigned in May after less than a year on the job, telling employees in an email seen by Reuters that he took certain "risks" to meet NASA`s 2024 moon deadline. "It is clear that I made a mistake in that choice for which I alone must bear the consequences," Loverro said, without explaining the mistake he was referring to.

US prosecutors probe ex-NASA official, Boeing over space contract: sources

The planemaker made the announcement as it reported bigger than expected quarterly losses on Wednesday.

Aviation: Boeing confirms it will stop making 747 aircraft from 2022

The Federal Aviation Administration (FAA) on Friday issued an emergency airworthiness directive for 2,000 U.S.-registered Boeing 737 NG and Classic aircraft that have been in storage, warning they could have corrosion that could lead to a dual-engine failure.

US FAA issues emergency directive on 2,000 Boeing 737 NG, Classic planes

US Federal Aviation of FAA has said that it plans to issue an airworthy directive for Boeing 737 Max in near future. Watch report

Boeing 737 Max woes: Plane not expected to flight before November

Boeing Co. is pulling the plug on its 747 jumbo jet. The 747 democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets.

Boeing to end production of 747 jumbo jet

US aircraft maker Boeing deliveries have slowed down further in May as compared to April due to the coronavirus outbreak. Boeing has delivered only 4 planes. Watch report.

Fewer deliveries by Boeing in April due to COVID-19 outbreak

Boeing Co deliveries slowed even further in May from April as the coronavirus pandemic's crushing impact on airlines added to a year of crisis following the grounding of its 737 MAX planes, company data showed on Tuesday.

The US&nbsp;planemaker said it handed over just four planes in May, down from the six it delivered in April, its lowest total for the month in six decades and about 87 per cent&nbsp;fewer than it delivered to customers at the same time a year ago.

Deliveries are financially important to planemakers because airlines pay most of the purchase price when they actually receive the plane.

Customers also canceled orders for another 18 planes last month, including 14 MAX jets that were the company's top-selling plane until a pair of crashes just over a year ago.

While Boeing resumed production last week and expects to make deliveries of the MAX in the third quarter, many aircraft leasing companies and airlines, including Southwest Airlines, United Airlines, and Brazil's GOL have canceled or deferred delivery as the industry faces a collapse in air travel since January.

Earlier on Tuesday, Reuters reported Emirates, one of the world's biggest long-haul airlines, laid off hundreds of pilots and thousands of cabin crew.

Boeing shares fell more than 3 per cent&nbsp;by the early afternoon.

Boeing did score nine new orders for wide body planes and its deliveries included two 777 freighters, one 737 NG (Next Generation)-based aircraft for the US&nbsp;military and one 767 freighter, but no passenger planes.

The May cancellations came from a host of aircraft-leasing firms, including three from Aviation Capital Group, one from CIT Aviation, four from General Electric Co's leasing division and six unidentified customers.

Leasing firms, which control over 40 per cent&nbsp;of the global fleet, are among the largest MAX customers.

After further accounting adjustments representing jets ordered in previous years but now unlikely to be delivered, Boeing's adjusted net orders sank to a negative 602 airplanes.

Boeing Co deliveries slowed even further in May from April as the coronavirus pandemic's crushing impact on airlines added to a year of crisis following the grounding of its 737 MAX planes, company data showed on Tuesday.

Boeing Co deliveries slowed even further in May from April as the coronavirus pandemic's crushing impact on airlines added to a year of crisis following the grounding of its 737 MAX planes, company data showed on Tuesday. The US planemaker said it handed over just four planes in May, down from the six it delivered in April, its lowest total for the month in six decades and about 87 per cent fewer than it delivered to customers at the same time a year ago. Deliveries are financially important to planemakers because airlines pay most of the purchase price when they actually receive the plane. Customers also canceled orders for another 18 planes last month, including 14 MAX jets that were the company's top-selling plane until a pair of crashes just over a year ago. While Boeing resumed production last week and expects to make deliveries of the MAX in the third quarter, many aircraft leasing companies and airlines, including Southwest Airlines, United Airlines, and Brazil's GOL have canceled or deferred delivery as the industry faces a collapse in air travel since January. Earlier on Tuesday, Reuters reported Emirates, one of the world's biggest long-haul airlines, laid off hundreds of pilots and thousands of cabin crew. Boeing shares fell more than 3 per cent by the early afternoon. Boeing did score nine new orders for wide body planes and its deliveries included two 777 freighters, one 737 NG (Next Generation)-based aircraft for the US military and one 767 freighter, but no passenger planes. The May cancellations came from a host of aircraft-leasing firms, including three from Aviation Capital Group, one from CIT Aviation, four from General Electric Co's leasing division and six unidentified customers. Leasing firms, which control over 40 per cent of the global fleet, are among the largest MAX customers. After further accounting adjustments representing jets ordered in previous years but now unlikely to be delivered, Boeing's adjusted net orders sank to a negative 602 airplanes.

Boeing jet deliveries sink to just four in May

The aircraft maker’s best-selling plane was grounded in March 2019 after the second fatal 737 MAX crash in five months. Boeing declined to say what the current production rate is.

Your Story: Boeing resumes 737 MAX production

US airplane giant Boeing has resumed production of its beleaguered 737 MAX aircraft at its Renton factory in Washington, after a hiatus of five months.

In a statement on Wednesday, Boeing also confirmed that the 737 programme will gradually ramp up production this year.

Boeing halted its 737 MAX production in January after the aircraft was grounded worldwide. More than 800 737 MAX jets have since been globally grounded -- after investigators found flawed flight control software on the aircraft was partially responsible for two crashes in Indonesia and Ethiopia.

The two crashes had together killed 346 people.

The 737 programme began building airplanes at a low rate as it implemented more than a dozen initiatives focussed on enhancing workplace safety and product quality, the statement said.

During the temporary suspension of production that began in January, mechanics and engineers collaborated to refine and standardise work packages in each position of the factory. New processes will ensure that employees have everything they need to build the airplane, the company added.

US airplane giant Boeing has resumed production of its beleaguered 737 MAX aircraft at its Renton factory in Washington, after a hiatus of five months. In a statement on Wednesday, Boeing also confirmed that the 737 programme will gradually ramp up production this year.

US airplane giant Boeing has resumed production of its beleaguered 737 MAX aircraft at its Renton factory in Washington, after a hiatus of five months. In a statement on Wednesday, Boeing also confirmed that the 737 programme will gradually ramp up production this year. Boeing halted its 737 MAX production in January after the aircraft was grounded worldwide. More than 800 737 MAX jets have since been globally grounded -- after investigators found flawed flight control software on the aircraft was partially responsible for two crashes in Indonesia and Ethiopia. The two crashes had together killed 346 people. The 737 programme began building airplanes at a low rate as it implemented more than a dozen initiatives focussed on enhancing workplace safety and product quality, the statement said. During the temporary suspension of production that began in January, mechanics and engineers collaborated to refine and standardise work packages in each position of the factory. New processes will ensure that employees have everything they need to build the airplane, the company added.

Boeing resumes 737 MAX production

China is ready to take a series of countermeasures against the&nbsp;plan of the United States to block shipments of semiconductors to Chinese telecom firm Huawei, including putting US&nbsp;companies on an "unreliable entity list".

It will launch&nbsp;investigations and imposing restrictions on us companies such as Apple, and halting purchase of Boeing airplanes, according to&nbsp;Chinese state media.

The potential move, the second time within two days that China has released a message of hitting back against the US, also the very first time government source noted to target specific US&nbsp;companies, is a result of a spat between the two countries regarding the origin of the deadly coronavirus.

Both US and China are&nbsp;mulling punitive countermeasures against each other&nbsp;over COVID-19 lawsuits due to the abuse of litigation.

China's latest moves indicate a toe-to-toe strategy between the world's two largest economies, from political to economic ends, being in full play, experts said.

The Trump administration on Friday moved to block shipments of semiconductors to Huawei from global chipmakers.

The US&nbsp;commerce department said it was amending an export rule and the entity list to "strategically target Huawei's acquisition of semiconductors that are the direct product of certain US software and technology," according to a statement on its website.

''China will take forceful countermeasures to protect its own legitimate rights," if the US&nbsp;moves forward with the plan to change its rules and bar essential suppliers of chips, including Taiwan-based TSMC, from selling chips to Huawei, the source told the Chinese state media's channel Global Times.

China is ready to take a series of countermeasures against the plan of the United States to block shipments of semiconductors to Chinese telecom firm Huawei, including putting US companies on an "unreliable entity list".

China is ready to take a series of countermeasures against the plan of the United States to block shipments of semiconductors to Chinese telecom firm Huawei, including putting US companies on an "unreliable entity list". It will launch investigations and imposing restrictions on us companies such as Apple, and halting purchase of Boeing airplanes, according to Chinese state media. The potential move, the second time within two days that China has released a message of hitting back against the US, also the very first time government source noted to target specific US companies, is a result of a spat between the two countries regarding the origin of the deadly coronavirus. Both US and China are mulling punitive countermeasures against each other over COVID-19 lawsuits due to the abuse of litigation. China's latest moves indicate a toe-to-toe strategy between the world's two largest economies, from political to economic ends, being in full play, experts said. The Trump administration on Friday moved to block shipments of semiconductors to Huawei from global chipmakers. The US commerce department said it was amending an export rule and the entity list to "strategically target Huawei's acquisition of semiconductors that are the direct product of certain US software and technology," according to a statement on its website. ''China will take forceful countermeasures to protect its own legitimate rights," if the US moves forward with the plan to change its rules and bar essential suppliers of chips, including Taiwan-based TSMC, from selling chips to Huawei, the source told the Chinese state media's channel Global Times.

China all set to make its biggest counterattack against US

Aircraft maker Boeing has been awarded two defence contracts worth more than 2 billion dollars for the delivery of 1000 missiles to Saudi Arabia.

Saudi Arabia to receive over 1000 missiles

Boeing Australia&nbsp;has unveiled the first artifical powered drone called the ''Loyal Wingman''&nbsp;for the Royal Australian Air Force.

It is also&nbsp;the first military aircraft to be designed and built locally in more than 50 years.

Also read:&nbsp;<a href="https://www.wionews.com/science-tech/scientists-release-app-to-track-covid-19-symptoms-inform-users-about-hot-spots-296975" hreflang="en">Scientists release app to track COVID-19 symptoms, inform users about hot spots</a>

Australian Prime Minister Scott Morrison said ''this a truly historic moment for our country and for Australian defense innovation.''

''The Loyal Wingman will be pivotal to exploring the critical capabilities our Air Force needs to protect our nation and its allies into the future,'' he added.

Also read:&nbsp;<a href="https://www.wionews.com/world/amid-coronavirus-pandemic-china-eyes-moon-trip-with-successful-rocket-launch-296819" hreflang="en">Amid coronavirus pandemic, China eyes moon trip with successful rocket launch</a>

The Loyal Wingman is a&nbsp;38-foot-long&nbsp;drone with a range of 2,000 miles.

It will "use artificial intelligence to fly independently, or in support of manned aircraft, while maintaining safe distance between other aircraft," according to Boeing's website on the project.

The drone&nbsp;will be able to engage in electronic warfare as well as intelligence, reconnaissance and surveillance missions and swap quickly between those roles, according to Boeing.

The aircraft delivered in Sydney on Tuesday is the first of three prototypes Boeing is producing.

<ul data-layout="list-hierarchical-xs">
</ul>

&nbsp;

Boeing Australia has unveiled the first artifical powered drone called the ''Loyal Wingman'' for the Royal Australian Air Force. It is also the first military aircraft to be designed and built locally in more than 50 years.

Boeing Australia has unveiled the first artifical powered drone called the ''Loyal Wingman'' for the Royal Australian Air Force. It is also the first military aircraft to be designed and built locally in more than 50 years. Also read: Scientists release app to track COVID-19 symptoms, inform users about hot spots Australian Prime Minister Scott Morrison said ''this a truly historic moment for our country and for Australian defense innovation.'' ''The Loyal Wingman will be pivotal to exploring the critical capabilities our Air Force needs to protect our nation and its allies into the future,'' he added. Also read: Amid coronavirus pandemic, China eyes moon trip with successful rocket launch The Loyal Wingman is a 38-foot-long drone with a range of 2,000 miles. It will "use artificial intelligence to fly independently, or in support of manned aircraft, while maintaining safe distance between other aircraft," according to Boeing's website on the project. The drone will be able to engage in electronic warfare as well as intelligence, reconnaissance and surveillance missions and swap quickly between those roles, according to Boeing. The aircraft delivered in Sydney on Tuesday is the first of three prototypes Boeing is producing.

Australian military unveils its first AI-powered drone

Watch today in WION Wallet: Boeing freezes new hiring, scrambles to curb fallout from the grounding of 737 max.

WION Wallet: Boeing freezes new hiring, scrambles to curb fallout from 737 max grounding

US aviation regulators plan to require Boeing to rewire all 737 MAX aircraft before allowing the troubled planes fly again, the Wall Street Journal has reported.

The MAX has been grounded worldwide since an Ethiopian Airlines flight crashed shortly after take-off last March, less than six months after the same model was involved in a similar fatal accident in Indonesia.

Also Read:<a href="https://www.wionews.com/world/indonesia-report-on-737-max-crash-faults-boeing-design-says-lion-air-made-mistakes-258127">&nbsp;Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakes</a>

Both accidents saw uncontrolled drops in the aircraft's nose in the moments before the planes crashed, which investigators have blamed on the model's anti-stall flight system.&nbsp;

Regulators have since concluded that the current wiring layout violated safety standards to prevent short-circuits that could cause similar sharp drops in aircraft pitch, the newspaper said Sunday.

The order to modify the wiring would apply to the nearly 800 MAX plans already produced, including those already in the hands of airlines, according to the report.

Also Read:&nbsp;<a href="https://www.wionews.com/world/new-issue-with-boeing-737-maxs-computer-software-discovered-sources-275070">New issue with Boeing 737 Max's computer software discovered: Sources</a>

The Federal Aviation Authority said in a statement that it was working with the company to "address a recently discovered wiring issue" on the aircraft but did not confirm the Journal's report.

"The aircraft will be cleared for return to passenger service only after the FAA is satisfied that all safety-related issues are addressed," it added.

Boeing told AFP it was discussing the wiring issue with regulators but still expected the planes to return to service mid-year.&nbsp;

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="http://13.235.153.162/videos/federal-aviation-administration-proposes-54-mn-fine-on-boeing-company-273633/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

All 157 people aboard the Ethiopian Airlines jet were killed when it crashed shortly after take-off from Addis Ababa last March.&nbsp;

It followed the October 2018 crash of a 737 MAX operated by Lion Air in Indonesia, which killed 189 people when it crashed moments after leaving Jakarta airport.&nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/phased-ungrounding-of-boeing-737-max-possible-ceo-muilenburg-249083">Phased ungrounding of Boeing 737 MAX possible: CEO Muilenburg</a>

Boeing was accused of brushing off the concerns of engineers to release a "fundamentally flawed" aircraft by a damning US congressional report earlier this month.&nbsp;

The investigation also said the FAA had failed to exercise its oversight of the company and ignored warnings about the aircraft's safety flaws from its own experts. 
&nbsp;

US aviation regulators plan to require Boeing to rewire all 737 MAX aircraft before allowing the troubled planes fly again, the Wall Street Journal has reported.

US aviation regulators plan to require Boeing to rewire all 737 MAX aircraft before allowing the troubled planes fly again, the Wall Street Journal has reported. The MAX has been grounded worldwide since an Ethiopian Airlines flight crashed shortly after take-off last March, less than six months after the same model was involved in a similar fatal accident in Indonesia. Also Read: Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakes Both accidents saw uncontrolled drops in the aircraft's nose in the moments before the planes crashed, which investigators have blamed on the model's anti-stall flight system. Regulators have since concluded that the current wiring layout violated safety standards to prevent short-circuits that could cause similar sharp drops in aircraft pitch, the newspaper said Sunday. The order to modify the wiring would apply to the nearly 800 MAX plans already produced, including those already in the hands of airlines, according to the report. Also Read: New issue with Boeing 737 Max's computer software discovered: Sources The Federal Aviation Authority said in a statement that it was working with the company to "address a recently discovered wiring issue" on the aircraft but did not confirm the Journal's report. "The aircraft will be cleared for return to passenger service only after the FAA is satisfied that all safety-related issues are addressed," it added. Boeing told AFP it was discussing the wiring issue with regulators but still expected the planes to return to service mid-year. × All 157 people aboard the Ethiopian Airlines jet were killed when it crashed shortly after take-off from Addis Ababa last March. It followed the October 2018 crash of a 737 MAX operated by Lion Air in Indonesia, which killed 189 people when it crashed moments after leaving Jakarta airport. Also Read: Phased ungrounding of Boeing 737 MAX possible: CEO Muilenburg Boeing was accused of brushing off the concerns of engineers to release a "fundamentally flawed" aircraft by a damning US congressional report earlier this month. The investigation also said the FAA had failed to exercise its oversight of the company and ignored warnings about the aircraft's safety flaws from its own experts.

US regulators to force Boeing to rewire 737 MAX jets: Report

Boeing's crisis-hit 737 Max jetliner faces a new potential safety issue as debris has been found in the fuel tanks of several new planes which were in storage, awaiting delivery to airlines. In a note to Boeing employees, the company said that foreign object debris, referred to as FOD, "is absolutely unacceptable. One escape is one too many. With your help and focus, we will eliminate FOD from our production system."

Another setback for Boeing, Debris found in new planes' fuel tanks

Almost everything around us has changed in the last couple of decades - the shape of our cars, the way we sail, the way our trains look, even the way our elevators look.

But there is one thing that has not changed much - the design of the conventional commercial aircraft. They look the same across airline companies and passenger capacities.

The same tube-like structure - a similar tube and wing configuration and engines mounted on the wings. The current structure ensures safe commercial travel.&nbsp;

There is no real drive for coming up with a new design except cutting fuel usage. So, can design changes ensure fuel efficiency?

The Airbus A320neo and Boeing's now-grounded 737 Max were designed to save energy. In both the planes, the position of the engines were changed in order to make the aircraft more environment-friendly.

The A320neo has been successful in its quest and the rest, they say, is history. But Neo and Max stuck to the same old tube and wing configuration.

Airbus unveiled its Maverick model at the Singapore airshow. They said they were pushing the aircraft design to the limit. Though the blended wing-body design has been used for fighter jets, it has never made its way to the commercial runway.

The Delft University of Technology (Tu Delft) floated a similar design last year, they are calling it the Flying-V. Well, because it does look like the letter 'V'.

Both, the Maverick and the Flying-V are promising a 20 per cent fuel saving. So, is this how future planes will look like?

There are several unresolved issues with both the models, from windows to comfort level.

That said, there is a dire need to make air travel safer. This year alone, commercial jets are expected to emit 936 million tonnes of C02.

Last year, the emission figure was 915 million tonnes - the graph will continue to go up, unless, we stop flying or we change the plane in which we fly.

 
&nbsp;

Almost everything around us has changed in the last couple of decades - the shape of our cars, the way we sail, the way our trains look, even the way our elevators look.

Almost everything around us has changed in the last couple of decades - the shape of our cars, the way we sail, the way our trains look, even the way our elevators look. But there is one thing that has not changed much - the design of the conventional commercial aircraft. They look the same across airline companies and passenger capacities. The same tube-like structure - a similar tube and wing configuration and engines mounted on the wings. The current structure ensures safe commercial travel. There is no real drive for coming up with a new design except cutting fuel usage. So, can design changes ensure fuel efficiency? The Airbus A320neo and Boeing's now-grounded 737 Max were designed to save energy. In both the planes, the position of the engines were changed in order to make the aircraft more environment-friendly. The A320neo has been successful in its quest and the rest, they say, is history. But Neo and Max stuck to the same old tube and wing configuration. Airbus unveiled its Maverick model at the Singapore airshow. They said they were pushing the aircraft design to the limit. Though the blended wing-body design has been used for fighter jets, it has never made its way to the commercial runway. The Delft University of Technology (Tu Delft) floated a similar design last year, they are calling it the Flying-V. Well, because it does look like the letter 'V'. Both, the Maverick and the Flying-V are promising a 20 per cent fuel saving. So, is this how future planes will look like? There are several unresolved issues with both the models, from windows to comfort level. That said, there is a dire need to make air travel safer. This year alone, commercial jets are expected to emit 936 million tonnes of C02. Last year, the emission figure was 915 million tonnes - the graph will continue to go up, unless, we stop flying or we change the plane in which we fly.

Explained: Future of passenger planes

Eyeing two mega fighter jet deals worth over $25 billion, US aerospace major Boeing on Thursday said it is ready to bring transformative capability and contemporary warfighter technologies to India.

Boeing is a strong contender for Indian Air Force's proposed deal to acquire 114 fighter multi-role fighter jets and Indian Navy's proposal to procure 57 carrier-borne aircraft.

The company has already announced that it is ready to set up manufacturing facilities for its F/A-18 Super Hornet aircraft if it bags the IAF contract.

"An important part of our India strategy is ensuring our defence customers have the most advanced platforms and capabilities, supported by a services model that optimises mission readiness, high performance and safety," said Boeing India president Salil Gupte.

"Another element of our strategy is to harness talent, innovation, engineering and productivity advantages that India offers to build a globally competitive aerospace and defence ecosystem that creates jobs and industrial capacity with Make in India," he said at the DefExpo.

On the Navy's plan to induct 57 jets, he said the F/A-18 on offer to India will be fully compatible with Indian Naval carriers.

At present, the Indian Navy has one aircraft carrier, INS Vikramaditya, which is a Russian origin platform. The Navy's long-term plan is to have three aircraft carriers. Indigenously built aircraft carrier (IAC) INS Vikrant is expected to be fully operational by 2022.

At DefExpo, Boeing highlighted future investments to accelerate its "Make in India"&nbsp;efforts and the capabilities being proposed for the Indian armed forces, specifically the next generation F/A-18 Block III Super Hornet fighter that the company said will bring transformative capability and contemporary warfighter technologies to the country.

In April last year, the Indian Air Force issued an RFI (Request for Information), or initial tender, to acquire 114 jets at a cost of around $18 billion. It was billed as one of the world's biggest military procurement programme in recent years.

The top contenders for the deal include Lockheed's F-21, Boeing's F/A-18, Dassault Aviation's Rafale, the Eurofighter Typhoon, Russian aircraft Mig 35 and Saab's Gripen.

In 2018, the Indian Navy kick-started the process to procure 57 multi-role combat aircraft for its carriers.

At present, six planes are compatible for the aircraft carrier -- Rafale (Dassault, France) F/A 18 Super Hornet (Boeing, US), MIG-29K (Russia), F-35B and F-35C (Lockheed Martin, US) and Gripen (Saab, Sweden).

While F-18, Rafale and MIG-29K are twin-engine jets, the other three have a single engine.

Surendra Ahuja, managing director of Boeing's India operations, said the company is ready to expand its operation in the country and referred to the recent induction of

Boeing's Chinook heavy-lift and AH-64E Apache attack helicopters by the Indian Air Force.

He said the company will also focus on establishing local rotorcraft training and support facilities.

"We are committed to working with our customers to provide holistic solutions for their defence aircraft and services with the right capability, advanced technologies and cost structure. We have accelerated our efforts to set up a local sustainment support footprint in India to be more responsive to our customers' needs," said Ahuja.

Over the last five years, he said, Boeing has quadrupled its growth in India and sourcing up to $1 billion of products and services from the country.

With its over 200 suppliers employing 7,000 employees, complex components and subassemblies, some of Boeing's most advanced defence platforms, including the F/A-18, F-15, P-8I, CH-47 Chinook and AH-64 Apache, are made in India, he said.

The Tata Boeing Aerospace Limited joint venture has increased production of fuselages and aero structures for the AH-64 Apache, he added.&nbsp;

Eyeing two mega fighter jet deals worth over $25 billion, US aerospace major Boeing on Thursday said it is ready to bring transformative capability and contemporary warfighter technologies to India.

Eyeing two mega fighter jet deals worth over $25 billion, US aerospace major Boeing on Thursday said it is ready to bring transformative capability and contemporary warfighter technologies to India. Boeing is a strong contender for Indian Air Force's proposed deal to acquire 114 fighter multi-role fighter jets and Indian Navy's proposal to procure 57 carrier-borne aircraft. The company has already announced that it is ready to set up manufacturing facilities for its F/A-18 Super Hornet aircraft if it bags the IAF contract. "An important part of our India strategy is ensuring our defence customers have the most advanced platforms and capabilities, supported by a services model that optimises mission readiness, high performance and safety," said Boeing India president Salil Gupte. "Another element of our strategy is to harness talent, innovation, engineering and productivity advantages that India offers to build a globally competitive aerospace and defence ecosystem that creates jobs and industrial capacity with Make in India," he said at the DefExpo. On the Navy's plan to induct 57 jets, he said the F/A-18 on offer to India will be fully compatible with Indian Naval carriers. At present, the Indian Navy has one aircraft carrier, INS Vikramaditya, which is a Russian origin platform. The Navy's long-term plan is to have three aircraft carriers. Indigenously built aircraft carrier (IAC) INS Vikrant is expected to be fully operational by 2022. At DefExpo, Boeing highlighted future investments to accelerate its "Make in India" efforts and the capabilities being proposed for the Indian armed forces, specifically the next generation F/A-18 Block III Super Hornet fighter that the company said will bring transformative capability and contemporary warfighter technologies to the country. In April last year, the Indian Air Force issued an RFI (Request for Information), or initial tender, to acquire 114 jets at a cost of around $18 billion. It was billed as one of the world's biggest military procurement programme in recent years. The top contenders for the deal include Lockheed's F-21, Boeing's F/A-18, Dassault Aviation's Rafale, the Eurofighter Typhoon, Russian aircraft Mig 35 and Saab's Gripen. In 2018, the Indian Navy kick-started the process to procure 57 multi-role combat aircraft for its carriers. At present, six planes are compatible for the aircraft carrier -- Rafale (Dassault, France) F/A 18 Super Hornet (Boeing, US), MIG-29K (Russia), F-35B and F-35C (Lockheed Martin, US) and Gripen (Saab, Sweden). While F-18, Rafale and MIG-29K are twin-engine jets, the other three have a single engine. Surendra Ahuja, managing director of Boeing's India operations, said the company is ready to expand its operation in the country and referred to the recent induction of Boeing's Chinook heavy-lift and AH-64E Apache attack helicopters by the Indian Air Force. He said the company will also focus on establishing local rotorcraft training and support facilities. "We are committed to working with our customers to provide holistic solutions for their defence aircraft and services with the right capability, advanced technologies and cost structure. We have accelerated our efforts to set up a local sustainment support footprint in India to be more responsive to our customers' needs," said Ahuja. Over the last five years, he said, Boeing has quadrupled its growth in India and sourcing up to $1 billion of products and services from the country. With its over 200 suppliers employing 7,000 employees, complex components and subassemblies, some of Boeing's most advanced defence platforms, including the F/A-18, F-15, P-8I, CH-47 Chinook and AH-64 Apache, are made in India, he said. The Tata Boeing Aerospace Limited joint venture has increased production of fuselages and aero structures for the AH-64 Apache, he added.

Ready to bring transformative capability to India: Boeing

The <a href="https://www.wionews.com/world/live-pm-modi-president-trump-at-howdy-modi-event-in-nrg-stadium-houston-251225">United States</a> hopes to announce several billion dollars worth of defence deals with <a href="https://www.wionews.com/world/live-pm-modi-president-trump-at-howdy-modi-event-in-nrg-stadium-houston-251225">India</a> in the near term, country's Ambassador to New Delhi Kenneth Juster said on Tuesday.

Speaking at a press briefing here a day prior to the beginning of the five-day DefExpo 2020 in Uttar Pradesh's capital city of Lucknow, Juster said, "When I first began working on <a href="https://www.wionews.com/world/live-pm-modi-president-trump-at-howdy-modi-event-in-nrg-stadium-houston-251225">US-India</a> relationship in 2001, there were virtually no defence sales between the United States and India. Today that figure is about 18 billion dollars and there are several billion dollars of additional sales in the pipeline on a range of items, some of which we hope to be announcing in the near term."

Also read:&nbsp;<a href="https://www.wionews.com/india-news/india-united-states-defence-deal-worth-75-billion-to-procure-drones-planes-in-the-works-262720">India-United States defence deal worth $7.5 billion to procure drones, planes in the works</a>

In his remarks at the press conference, the Ambassador said that there is an enormous potential for industry partnership between India and the US on state-of-the-art defence equipment.

He noted that the US firms participating in the Defence Expo are partnering with companies across India, "including in Uttar Pradesh's Defence Corridor, to produce defence equipment not just for our countries' militaries, but for those of partner nations"

Also read:&nbsp;<a href="https://www.wionews.com/world/live-pm-modi-president-trump-at-howdy-modi-event-in-nrg-stadium-houston-251225">Several defence deals in the works between US, India, says Trump</a>

"For example, Tata has partnered with Lockheed Martin to build all C-130 tails and F-16 wings here. And <a href="https://www.wionews.com/world/boeing-starliner-returning-to-earth-early-after-mission-failure-269557">Boeing </a>is collaborating with <a href="https://www.wionews.com/india-news/nirmala-sitharaman-says-hal-was-edged-out-of-rafale-deal-during-upas-tenure-166462">HAL </a>[Hindustan Aeronautics Limited] to produce all AH-64 Apache fuselages in Hyderabad," he said.

Boeing will showcase a range of advanced defence capabilities at DefExpo 2020, including F/A-18 Super Hornet, KC-46 tanker, AH-64E Apache and the P-8I.

In a statement last week, the Aerospace major noted that India has 11 C-17 Globemaster IIIs, eight P-8Is (with four more on order), 17 AH-64 Apaches (against an order of 22) and 10 CH-47 Chinook (against an order of 15).

The United States hopes to announce several billion dollars worth of defence deals with India in the near term, country's Ambassador to New Delhi Kenneth Juster said on Tuesday.

The United States hopes to announce several billion dollars worth of defence deals with India in the near term, country's Ambassador to New Delhi Kenneth Juster said on Tuesday. Speaking at a press briefing here a day prior to the beginning of the five-day DefExpo 2020 in Uttar Pradesh's capital city of Lucknow, Juster said, "When I first began working on US-India relationship in 2001, there were virtually no defence sales between the United States and India. Today that figure is about 18 billion dollars and there are several billion dollars of additional sales in the pipeline on a range of items, some of which we hope to be announcing in the near term." Also read: India-United States defence deal worth $7.5 billion to procure drones, planes in the works In his remarks at the press conference, the Ambassador said that there is an enormous potential for industry partnership between India and the US on state-of-the-art defence equipment. He noted that the US firms participating in the Defence Expo are partnering with companies across India, "including in Uttar Pradesh's Defence Corridor, to produce defence equipment not just for our countries' militaries, but for those of partner nations" Also read: Several defence deals in the works between US, India, says Trump "For example, Tata has partnered with Lockheed Martin to build all C-130 tails and F-16 wings here. And Boeing is collaborating with HAL [Hindustan Aeronautics Limited] to produce all AH-64 Apache fuselages in Hyderabad," he said. Boeing will showcase a range of advanced defence capabilities at DefExpo 2020, including F/A-18 Super Hornet, KC-46 tanker, AH-64E Apache and the P-8I. In a statement last week, the Aerospace major noted that India has 11 C-17 Globemaster IIIs, eight P-8Is (with four more on order), 17 AH-64 Apaches (against an order of 22) and 10 CH-47 Chinook (against an order of 15).

US hopes to announce several billion dollars worth of defence deals with India in near term: Ambassador Kenneth Juster

Boeing reported its first annual loss in more than two decades Wednesday as the lengthy grounding of the 737 MAX undercut the company's revenues and exploded costs.

<a href="https://www.wionews.com/business-economy/boeing-says-737-max-planes-return-delayed-until-mid-2020-275914">Also Read:&nbsp;Boeing delays return of 737 MAX planes until mid-2020</a>

The aerospace giant reported a $1.0 billion loss in the fourth-quarter and a loss of $636 million for all of 2019, the company's first year in the red since 1997.

Newly-installed Chief Executive David Calhoun, who took the reins this month to stabilize the situation, pledged to turn the company around even as Boeing disclosed $9.2 billion in new costs connected to the MAX.

Some analysts had expected new costs twice as high, and despite the hefty charges, Boeing shares rallied early Wednesday in pre-market.&nbsp;

The MAX has been grounded since March following two crashes that killed 346 people which opened the doors to intense scrutiny of Boeing's safety practices -- and regulatory oversight of its productions -- as well bruising congressional investigations which have revealed a troublesome culture at the aviation giant.

"We are committed to transparency and excellence in everything we do," Calhoun said in a statement. "Safety will underwrite every decision, every action and every step we take as we move forward."

Calhoun has been at the helm of Boeing only since January 13 after Dennis Muilenburg was ousted in December following criticism of his handling of the crisis, and immediately after damning series of internal communications were released.

Calhoun is targeting mid-2020 to win approval from aviation regulators to resume flights on the MAX, which is seen as a more realistic timeframe after Muilenburg repeatedly pushed a more optimistic schedule.

- Higher costs - 
The grounding of the MAX dented Boeing's earnings in multiple ways, halting deliveries of new planes to customers, a major source of revenues.

Boeing revenues in the fourth quarter plunged 36.8 percent to $17.9 billion, while revenues for all of 2019 dropped 24.3 percent to $76.6 billion.

The crisis also prompted the manufacturer to first reduce and then halt production of the MAX until the crisis is resolved.

Boeing said Wednesday the changes in the production schedule added $2.6 billion in costs connected to airplane deliveries, plus another $4 billion in "abnormal production costs" primarily in 2020 associated with the suspension of the MAX and a "gradual resumption" of production.

The company set aside $2.6 billion to compensate airlines that have been forced to cancel thousands of flights due to grounded MAX planes and undelivered aircraft.

The MAX crisis also has weighed on numerous suppliers, such as Spirit AeroSystems, which announced earlier this month that it would lay off 2,800 employees in Kansas due to the production stoppage.

And General Electric, which builds engines for the MAX, said the crisis lowered cash flow by $1.4 billion for 2019.

Boeing also announced Wednesday that it would again cut back production of the 787 Dreamliner, a top-selling plane that has supported revenues during the protracted 737 MAX grounding.

The aerospace giant plans to cut production to 10 airplanes a month in early 2021 through 2023 based on the "near-term market outlook," Boeing said. &nbsp;

The company in October had dropped to 12 a month from 14 due to lower orders from China.

Boeing shares rose 2.4 percent to $324.25 in pre-market trading.

Boeing reported its first annual loss in more than two decades Wednesday as the lengthy grounding of the 737 MAX undercut the company's revenues and exploded costs.

Boeing reported its first annual loss in more than two decades Wednesday as the lengthy grounding of the 737 MAX undercut the company's revenues and exploded costs. Also Read: Boeing delays return of 737 MAX planes until mid-2020 The aerospace giant reported a $1.0 billion loss in the fourth-quarter and a loss of $636 million for all of 2019, the company's first year in the red since 1997. Newly-installed Chief Executive David Calhoun, who took the reins this month to stabilize the situation, pledged to turn the company around even as Boeing disclosed $9.2 billion in new costs connected to the MAX. Some analysts had expected new costs twice as high, and despite the hefty charges, Boeing shares rallied early Wednesday in pre-market. The MAX has been grounded since March following two crashes that killed 346 people which opened the doors to intense scrutiny of Boeing's safety practices -- and regulatory oversight of its productions -- as well bruising congressional investigations which have revealed a troublesome culture at the aviation giant. "We are committed to transparency and excellence in everything we do," Calhoun said in a statement. "Safety will underwrite every decision, every action and every step we take as we move forward." Calhoun has been at the helm of Boeing only since January 13 after Dennis Muilenburg was ousted in December following criticism of his handling of the crisis, and immediately after damning series of internal communications were released. Calhoun is targeting mid-2020 to win approval from aviation regulators to resume flights on the MAX, which is seen as a more realistic timeframe after Muilenburg repeatedly pushed a more optimistic schedule. - Higher costs - The grounding of the MAX dented Boeing's earnings in multiple ways, halting deliveries of new planes to customers, a major source of revenues. Boeing revenues in the fourth quarter plunged 36.8 percent to $17.9 billion, while revenues for all of 2019 dropped 24.3 percent to $76.6 billion. The crisis also prompted the manufacturer to first reduce and then halt production of the MAX until the crisis is resolved. Boeing said Wednesday the changes in the production schedule added $2.6 billion in costs connected to airplane deliveries, plus another $4 billion in "abnormal production costs" primarily in 2020 associated with the suspension of the MAX and a "gradual resumption" of production. The company set aside $2.6 billion to compensate airlines that have been forced to cancel thousands of flights due to grounded MAX planes and undelivered aircraft. The MAX crisis also has weighed on numerous suppliers, such as Spirit AeroSystems, which announced earlier this month that it would lay off 2,800 employees in Kansas due to the production stoppage. And General Electric, which builds engines for the MAX, said the crisis lowered cash flow by $1.4 billion for 2019. Boeing also announced Wednesday that it would again cut back production of the 787 Dreamliner, a top-selling plane that has supported revenues during the protracted 737 MAX grounding. The aerospace giant plans to cut production to 10 airplanes a month in early 2021 through 2023 based on the "near-term market outlook," Boeing said. The company in October had dropped to 12 a month from 14 due to lower orders from China. Boeing shares rose 2.4 percent to $324.25 in pre-market trading.

737 MAX effect: Boeing reports first annual loss in over two decades

The timeframe for the 737 MAX to return to the skies was officially pushed back by Boeing, sending shares plunging and overshadowing an earlier announcement of a first flight of the delayed 777X plane.

The timeframe for the 737 MAX to return to the skies was officially pushed back by Boeing, sending shares plunging and overshadowing an earlier announcement of a first flight of the delayed 777X plane. The jet has been grounded since March following two deadly crashes and the latest delay in the schedule for the troubled jet is now targeted by Boeing to mid-2020. The company is attempting to cover costs connected to the MAX crisis by raising at least $10 billion from Wall Street banks. "...we are currently estimating that the ungrounding of the 737 MAX will begin during mid-2020," the company stated. Earlier, the Federal Aviation Administration(FAA) had publicly criticised Boeing for touting its aggressive timeframe for the MAX's return, suggesting the target was a tool to pressure the agency into approving quickly. An FAA spokesman reiterated that it has not set any timeframes for the MAX's certification. "We continue to work with other safety regulators to review Boeing's work as the company conducts the required safety assessments and addresses all issues that arise during testing," the FAA added. [ Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo (Courtesy: Reuters) ] Also Read: Boeing papers: Would you put your family on a 737 MAX? - First flight - The 777X was earlier announced to be undertaking its first flight on Thursday, but it was delayed for different reasons. The trial run is now scheduled on Thursday at 1800 hours GMT, but Boeing stated that "flight testing is dynamic, and the date could change due to weather and other factors," The 777X flight had initially been planned for summer 2019 but was shifted back due to a variety of issues, including a new engine built by General Electric. There have been 340 orders for the 777X, mostly from giants such as Emirates, Lufthansa, Cathay Pacific, Singapore Airlines, Qatar Airways, etc. After years of design and testing, it’s almost time to fly. The #777X will make its first flight as early as January 23, subject to weather and other factors. Learn more about the airplane: https://t.co/M5gH0ZMlCc pic.twitter.com/KRsZdDKA8q — Boeing Airplanes (@BoeingAirplanes) January 21, 2020 × If all goes well, Boeing will submit documents to the FAA as part of the formal certification process - including a test fight. Boeing is hinting at early 2021 for the first of many commercial deliveries of the plane, months later than the mid-2020 timeframe. Development of the long-range aircraft hit a snag in September when the fuselage of the plant split during a stress test. Development of the long-range aircraft, which can carry between 384 and 426 passengers, hit a snag in September when the fuselage of the plane split during a stress test. - MAX costs keep rising - Meanwhile, costs for the MAX keep swelling and Boeing is seeking $10 billion to deal with it, based on company disc. They are currently at $9.2 million based on company disclosures, but the number is expected to rise when the company reports earnings later this month. Boeing's MAX bill includes paying out legal settlements to victims, storing and maintaining hundreds of MAX planes that have been built but not delivered, compensating airlines for delayed deliveries, lost service on thousands of MAX flights and managing costs across the MAX program during the period before Boeing halted output completely. The company has, for now, received assurances of $6 billion in lending from leading banks such as JPMorgan Chase, Bank of America Merril Lynch, Citigroup and Wells Fargo. Last December, Mood's cut Boeing's debt rating after the company announced that it will halt production on the MAX and last week Moody's placed Boeing under review for another potential downgrade, citing continued uncertainty about the company's prospects following the production shutdown. This came after Boeing endorsed simulator training for MAX pilots, a move that could delay the commercial comeback of the planes.

Boeing delays return of 737 MAX planes until mid-2020

Boeing Co is in talks with banks to facilitate a $10 billion loan or more as costs continue to rise, in the midst of two crashes involving the 737 Max jetliner, Reuters reported.

According to CNBC, Boeing has so far secured at least $6 billion from banks and is looking for more lenders.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/us-regulator-to-fine-boeing-54-million-for-defective-parts-of-737-max-planes-273532">US regulator to fine Boeing $5.4 million for defective parts of 737 MAX planes</a>

However, it is still unknown how much Boeing is seeking in loans, and whether the company would consider selling new bonds.

With no deadline for the 737 Max to return in flight, there is not much clarity.

<h6><img alt="iiii" data-entity-type="file" data-entity-uuid="b3abdb64-dd53-4220-b983-bee8c440d68b" src="//cdn.wionews.com/sites/default/files/inline-images/Untitled%20design%20%281%29_63.jpg" /> 
In this file photo taken on March 28, 2019, Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville, California | AFP 
&nbsp;</h6>

Reuters reported that Boeing has declined to comment.

On Friday, the Federal Aviation Administration is not expected to approve 737's return until March, but could also take much longer. 
 
Boeing recently suggested that the production of the 737 Max would be put on hold in the state of Washington for now. A full-fledged halt on production would be enforced this month.&nbsp;

"MAX production has now been temporarily suspended inside the 737 factory. The Renton site remains open as our teams focus their work on several quality initiatives," Boeing said, referring to its facility in Renton, Washington.

As part of company policy, Boeing only gets paid after delivering the planes.

<h6><img alt="iii" data-entity-type="file" data-entity-uuid="d0404f65-2e6b-4fd6-808c-f6b7e3f7b0ec" src="//cdn.wionews.com/sites/default/files/inline-images/Untitled%20design_57.jpg" /> 
This handout photograph taken and released on January 11, 2020, by The National Security and Defense Council of Ukraine, shows people standing and analysing the fragments and remains of the Ukraine International Airlines plane Boeing 737-800 that crashed outside the Iranian capital Tehran on January 8, 2020 | AFP 
&nbsp;</h6>

According to company estimates, the company has lost $9 billion owing to the 737 setbacks. On January 29, the company will disclose additional costs during its fourth-quarter earnings.

Boeing is facing a price surge owing to the halt in production of planes, whereby it is compensating airlines for lost planes and adding on to its supply chain.

Reuters reported that Boeing has been losing around $1 billion every month, with a negative free cash flow of $3 billion in the third quarter.

This year witnessed the lowest numbers of plane deliveries for the company in 11 years.

Recently, Boeing had discovered a software issue with the 737 system but said that it was harmless when in flight.

Also read:&nbsp;<a href="https://www.wionews.com/world/new-issue-with-boeing-737-maxs-computer-software-discovered-sources-275070">New issue with Boeing 737 Max's computer software discovered</a>

(With inputs from Reuters)

Boeing Co is in talks with banks to facilitate a $10 billion loan or more as costs continue to rise, in the midst of two crashes involving the 737 Max jetliner, Reuters reported.

Boeing Co is in talks with banks to facilitate a $10 billion loan or more as costs continue to rise, in the midst of two crashes involving the 737 Max jetliner, Reuters reported. According to CNBC, Boeing has so far secured at least $6 billion from banks and is looking for more lenders. Also read: US regulator to fine Boeing $5.4 million for defective parts of 737 MAX planes However, it is still unknown how much Boeing is seeking in loans, and whether the company would consider selling new bonds. With no deadline for the 737 Max to return in flight, there is not much clarity. In this file photo taken on March 28, 2019, Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville, California | AFP Reuters reported that Boeing has declined to comment. On Friday, the Federal Aviation Administration is not expected to approve 737's return until March, but could also take much longer. Boeing recently suggested that the production of the 737 Max would be put on hold in the state of Washington for now. A full-fledged halt on production would be enforced this month. "MAX production has now been temporarily suspended inside the 737 factory. The Renton site remains open as our teams focus their work on several quality initiatives," Boeing said, referring to its facility in Renton, Washington. As part of company policy, Boeing only gets paid after delivering the planes. This handout photograph taken and released on January 11, 2020, by The National Security and Defense Council of Ukraine, shows people standing and analysing the fragments and remains of the Ukraine International Airlines plane Boeing 737-800 that crashed outside the Iranian capital Tehran on January 8, 2020 | AFP According to company estimates, the company has lost $9 billion owing to the 737 setbacks. On January 29, the company will disclose additional costs during its fourth-quarter earnings. Boeing is facing a price surge owing to the halt in production of planes, whereby it is compensating airlines for lost planes and adding on to its supply chain. Reuters reported that Boeing has been losing around $1 billion every month, with a negative free cash flow of $3 billion in the third quarter. This year witnessed the lowest numbers of plane deliveries for the company in 11 years. Recently, Boeing had discovered a software issue with the 737 system but said that it was harmless when in flight. Also read: New issue with Boeing 737 Max's computer software discovered (With inputs from Reuters)

Boeing seeks more than $10 billion in loans after 737 Max setback

A new issue with the Boeing's 737 Max has been discovered. After being grounded citing safety issues, Boeing has been running tests and reviews involving the Max.&nbsp;

CNN reported that during a recent review, an issue with the plane's flight computers was found. &nbsp; 
 
According to the source, the issue does not pertain to the software revisions made by Boeing after two fatal crashes that killed 346 people. Additionally, the issue is not capable of causing trouble during flight.

After a series of crashes and doubts, Max has remained grounded since March.

<h6><img alt="ggg" data-entity-type="file" data-entity-uuid="311c5cc2-01a5-45bc-93aa-e9fa26487216" src="//cdn.wionews.com/sites/default/files/inline-images/Untitled%20design%20%283%29_34.jpg" /> 
Image:&nbsp;In this file photo taken on March 27, 2019 employees work on Boeing 737 MAX airplanes at the Boeing Renton Factory in Renton, Washington | AFP 
&nbsp;</h6>

Reportedly, the issue was discovered while booting up a computer on the Max, and specifically pertains to a function called ''software power-up monitoring''. This feature looks for inconsistencies while switching on a computer, almost akin to the steps taken by any conventional computer during start-up.

The source further added that the process of turning on happens when the plane is grounded, averting scope of any risks while flying. They also said that the test was designed to find such issues and to troubleshoot them.

Many analysts believe that a software issue with the safety system led to two crashes.&nbsp;

"We are making necessary updates and working with the FAA on submission of this change, and keeping our customers and suppliers informed," Boeing said in a statement. "Our highest priority is ensuring the 737 MAX is safe and meets all regulatory requirements before it returns to service."

<h6><img alt="Boeing" data-entity-type="file" data-entity-uuid="cf122078-25a6-41d6-90ac-80b081456ea5" src="//cdn.wionews.com/sites/default/files/inline-images/Untitled%20design%20%285%29_17.jpg" /> 
Image:&nbsp;In this file photo taken on March 12, 2019 a stands next to a Boeing 737 MAX 9 airplane on the tarmac at the Boeing Renton Factory in Renton, Washington | AFP 
&nbsp;</h6>

Will this impact the company's submission of the software changes to the Federal Aviation Administration? Nobody quite knows yet.

Boeing has lost billions of dollars due to the ongoing crisis. There were more cancellations than new business for the company. Due to the crashes, the order for 737 Max jets fell by 183 units.

On Friday, Fitch Ratings, an American credit rating agency and one of the "Big Three credit rating agencies" downgraded the company's long-term ratings to ''A-'' from ''A''.

&nbsp;

A new issue with the Boeing's 737 Max has been discovered. After being grounded citing safety issues, Boeing has been running tests and reviews involving the Max.

A new issue with the Boeing's 737 Max has been discovered. After being grounded citing safety issues, Boeing has been running tests and reviews involving the Max. CNN reported that during a recent review, an issue with the plane's flight computers was found. According to the source, the issue does not pertain to the software revisions made by Boeing after two fatal crashes that killed 346 people. Additionally, the issue is not capable of causing trouble during flight. After a series of crashes and doubts, Max has remained grounded since March. Image: In this file photo taken on March 27, 2019 employees work on Boeing 737 MAX airplanes at the Boeing Renton Factory in Renton, Washington | AFP Reportedly, the issue was discovered while booting up a computer on the Max, and specifically pertains to a function called ''software power-up monitoring''. This feature looks for inconsistencies while switching on a computer, almost akin to the steps taken by any conventional computer during start-up. The source further added that the process of turning on happens when the plane is grounded, averting scope of any risks while flying. They also said that the test was designed to find such issues and to troubleshoot them. Many analysts believe that a software issue with the safety system led to two crashes. "We are making necessary updates and working with the FAA on submission of this change, and keeping our customers and suppliers informed," Boeing said in a statement. "Our highest priority is ensuring the 737 MAX is safe and meets all regulatory requirements before it returns to service." Image: In this file photo taken on March 12, 2019 a stands next to a Boeing 737 MAX 9 airplane on the tarmac at the Boeing Renton Factory in Renton, Washington | AFP Will this impact the company's submission of the software changes to the Federal Aviation Administration? Nobody quite knows yet. Boeing has lost billions of dollars due to the ongoing crisis. There were more cancellations than new business for the company. Due to the crashes, the order for 737 Max jets fell by 183 units. On Friday, Fitch Ratings, an American credit rating agency and one of the "Big Three credit rating agencies" downgraded the company's long-term ratings to ''A-'' from ''A''.

New issue with Boeing 737 Max's computer software discovered: Sources

The US-China trade deal has provided a boost to mobilise American aircraft manufacturer Boeing. The planemaker’s widebody aircraft factory in Everett, Boeing Chief Executive Dennis Muilenburg cautioned that it was “tough to predict” the timing of a potential trade deal between the United States and China. He added, "We are hopeful that if there is a trade solution, it will be beneficial to airplane orders".

Aircraft manufacturer Boeing celebrates US-China trade deal

The revelations from Boeing's internal documents are shocking. For instance, Boeing employees insult India's aviation regulator with choice words like 'fools', 'stupid' etc. Yet, DGCA officials have come up with a meek response. WION's Palki Sharma explains the shocking details. #Gravitas #India #India'sAviationWatchdog

Gravitas: Boeing's internal documents shows employees insulting India's aviation watchdog

boeing

Boeing, News on Boeing, stories on Boeing, articles on Boeing, Boeing stories at Wion, Boeing news, Boeing latest news