Shares of Boeing (NYSE: BA) and Airbus (EPA: AIR) have been under pressure recently due to a combination of poor sales performance and increasing scrutiny over safety and manufacturing practices. Boeing, in particular, has faced significant challenges, receiving orders for only four new planes in May.
Boeing has uncovered a new production problem, this time with its 787 Dreamliner jets. Hundreds of fasteners have been incorrectly installed on the fuselages of some undelivered jets, a report in Reuters said quoting unnamed sources.
In March, Boeing (NYSE: BA ) CEO Dave Calhoun announced he would step down at the end of 2024 as part of the aircraft manufacturer's management shake-up to fix what ails it. Some of the highest-paid CEOs in America will likely be considered for the role.
The U.S. Federal Aviation Administration is investigating falsified documents that were used to verify the authenticity of titanium used in some recently manufactured Boeing and Airbus jets, the New York Times reported on Friday.
In January its production processes were in focus after a door-sized panel blew off the side of one of its planes mid-flight.
Boeing has officially contested a Department of Justice determination that the passenger plane giant can be prosecuted for violating a criminal settlement following two fatal 737 MAX crashes, a person familiar with the matter told AFP Thursday.
Orders of new planes are collapsing for Boeing.
Boeing said Thursday it is examining fasteners on some undelivered 787 jets after discovering problems with their installation in the latest manufacturing shortcoming to face the company.
Boeing is inspecting a quality issue with undelivered 787 Dreamliner aircraft, after finding hundreds of fasteners were incorrectly installed, the company said Thursday—the latest manufacturing issue for the aerospace firm as it faces increased scrutiny from regulators over safety concerns.
Fortune discussed the best aviation stocks in early June, suggesting that even though they're a bargain, they might not be worth the turbulence. I don't think there's any question Boeing (NYSE: BA ) stock has taken it on the chin in 2024.
The head of the Federal Aviation Administration said Thursday the agency was "too hands off" in oversight of Boeing before a Jan. 5 mid-air emergency in a new Alaska Airlines 737 MAX 9.
Boeing is investigating a new quality problem with its 787 Dreamliner after discovering that hundreds of fasteners have been incorrectly installed on the fuselages of some undelivered 787 Dreamliner jets, two people familiar with the matter said.