A new Boeing 737 MAX painted with Xiamen Airlines livery left Seattle on Friday on the first leg of the route used to shuttle jets to the company's delivery center in China, according to flight records on FlightRadar24.
The Boeing Company's 737 MAX backlog and production capacity support a significant ramp-up, with demand and infrastructure aligned for higher BA output and revenue growth. Short-term revenue and profit growth hinge on lifting the FAA's production cap and stabilizing at higher rates, with potential for $400 billion in revenues by 2034. While an accelerated production increase offers upside, Boei...
Airline bosses are tentatively voicing greater confidence in Boeing's ability to deliver jets at the right quality in a step towards ending years of reputational damage for the embattled planemaker.
Boeing (BA) has agreed to pay $1.1 billion in fines to avoid federal prosecution related to the pair of 737 Max crashes in 2018 and 2019 that killed more than 300 people.
The Boeing Company's NYSE: BA stock has recently gained a lot of positive attention, fueled by optimistic analyst ratings and a clear improvement in market performance. Currently trading around $212 as of early June, the shares have rebounded significantly from a 52-week low of $128.88, indicating a renewed level of investor confidence.
The acting head of the Federal Aviation Administration said he is not currently considering lifting a production cap of 38 planes per month on Boeing's 737 MAX imposed after a January 2024 mid-air emergency involving a new Alaska Airlines Boeing plane missing four key bolts.
Airbus shares rose after Bloomberg reported that Chinese airlines are mulling ordering hundreds of planes. The report comes as trade tensions between China and the US have escalated.
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