Beleaguered airplane manufacturer Boeing recorded a 32% fall in deliveries of its commercial airplanes in the second quarter of the current fiscal year compared to last year.
Boeing delivered more commercial planes last month than at any other point this year, the company announced Tuesday, following delays in production and deliveries for the aerospace firm, which has faced increased scrutiny since a metal door plug flew off an Alaska Airlines 737 earlier this year.
Boeing said on Tuesday it delivered more commercial jets in June than in any other month this year, but the total of 44 planes represented a 27% drop on an annual basis amid a whirlwind of legal and production challenges.
For many of the global problems today, the solution will arrive via air mobility in the near future. Too much traffic?
Boeing's guilty plea isn't related to production-quality problems which led to the 737 MAX 9 emergency-door-plug blowout. The plea is about 737 MAX design.
The Federal Aviation Administration said on Monday it is requiring inspections of 2,600 Boeing 737 airplanes because passenger oxygen masks could fail during an emergency.
In time for the deadline imposed by the Department of Justice, Boeing agreed to plead guilty to “conspiracy to defraud the United States, specifically, the lawful function of the Federal Aviation Administration Aircraft Evaluation Group” during the original certification of the 737 MAX. This would reverse Boeing's previous plea of not guilty, which the company made during an arraignment of the case in January 2023.
Another incident involving a Boeing Co (NYSE:BA, ETR:BCO) jet was recorded overnight when a United Airlines flight lost a wheel during take-off from Los Angeles. “The wheel has been recovered in Los Angeles, and we are investigating what caused this event,” United said in a statement on Monday.
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million to resolve a U.S. Justice Department investigation into two 737 MAX fatal crashes, the government said in a court filing on Sunday.
The Pentagon plans to assess Boeing's improvement plans and Justice Department deal before determining what impact the planemaker's plan to plead guilty could have on its government contracts, a U.S. defense official told Reuters on Monday.
US aviation regulators said Monday that thousands of Boeing 737 airplanes would need to be inspected, amid concerns that passenger oxygen masks could fail in emergencies.
Boeing Co‘s BA stock might have more room to fly.