Lockheed-backed Electra.aero has appointed former Boeing executive Marc Allen as chief executive as it seeks to deliver on plans to develop hybrid-electric planes capable of operating from soccer-field-length runways.
Boeing needs to ramp up commercial aerospace deliveries and improve margins in its defense business. New CEO Kelly Ortberg has an excellent track record in the industry, notably in managing complex business integrations.
Boeing's satellite maker Millennium Space Systems will soon have a new CEO. Jason Kim, the executive who held the position for nearly four years, has departed the company, TechCrunch has learned.
Ryanair's Michael O'Leary criticized Boeing for ongoing delivery delays of 737 Max aircraft. Boeing slowed production rates in the wake of January's Alaska Airlines blowout.
The Boeing Company BA recently released its 2024 Commercial Market Outlook (“CMO”) for China, wherein the company expects the nation's commercial fleet to grow 4.1% annually during 2023-2043. This reflects a remarkable growth opportunity for the American jet giant, with Boeing being the largest customer of China's aviation manufacturing industry.
An Alaska Airlines flight operated on a Boeing aircraft had to return to the airport it took off from on Sunday for an engine issue, local reports state.
Boeing sees China air travel to grow 5.2% annually, creating the world's largest traffic market.
U.S. planemaker Boeing said on Monday it expects China to need 8,830 new planes through 2043, as the country's aviation industry expands and modernizes to meet growing demand for passenger and cargo air travel.
A Boeing 737 had to turn around after one of its main engines failed midair. The Alaska Airlines flight landed safely in Seattle.
As the saga of Boeing Co.'s Starliner spacecraft continues, the aerospace company has recorded more than $1 billion in forward losses, according to analyst firm Jefferies.
NASA's decision to send Boeing's Starliner capsule home without astronauts follows years of missteps by the planemaker in its space business and raises doubts over the future of the unit, analysts and industry sources said.
NASA announced over the weekend that two astronauts who flew to the International Space Station (ISS) in June aboard Boeing Co (NYSE:BA, ETR:BCO)'s faulty Starliner spacecraft will remain in space until February when they can instead return on a SpaceX vehicle. Issues with Starliner's propulsion system have been found too risky to bring the crew home and the craft will instead return to earth unmanned in early September.