Boeing faces pressure from activist investors and Warren Buffett's interest, signaling potential major changes in the aerospace giant's future.
Boeing (NYSE:BA) restarted test flights Thursday for its 777X widebody jet following a five-month delay, with the first flight since the company grounded the test fleet in August after discovering a problem with thrust links during maintenance checks.
The Boeing 737 Max family, which entered service eight years ago, was designed to be the latest and most advanced version of the Boeing 737 family, the most successful commercial aircraft of all time.
Boeing had a decent orderbook in December to cap a very bad year. But its deliveries for the month show it continues to struggle to rebound from the crippling strike earlier in the fall.
Emirates president Tim Clark told BI that Boeing workers were unfairly treated by previous management, which prioritized profits over quality.
Boeing delivered 348 aircraft last year — less than half Airbus managed and the lowest since the pandemic. The new CEO has a mountain to climb.
Failed to fetch dynamically imported module: https://finance.yahoo.com/assets/_app/immutable/nodes/98.CWWvNgXg.js
Boeing resumed testing for its long-delayed 777X widebody jet on Thursday, with the first flight since the U.S. planemaker grounded the test fleet in August due to the failure of a key engine mounting structure.
Boeing must turn its fortunes around this year to avoid falling further behind Airbus, which plans a production increase as it fixes its supply chain.
A Boeing plane aborted takeoff at Australia's Melbourne Airport on Sunday for "technical reasons," according to Etihad Airways.
Deliveries of new Boeing jets bounced back in December after a crippling labor strike that slowed production last fall, but the company's annual deliveries dropped in 2024 to the lowest level since the COVID-19 pandemic.
Boeing delivered less than half the number of commercial aircraft to customers than its European rival in 2024, The American aerospace giant reported on Tuesday that it supplied 348 jetliners during the year.