Page 15 - Boeing

World coronavirus dispatch: Nations hailed earlier are seeing virus return

From Tesla defying official orders, to Boeing CEO predicting a US airline would fold up soon, and fire in Russia killing five Covid-19 patients - read these and more in today's world dispatch

Top headlines: 3% global GDP contraction projected; crude oil to struggle

From Morgan Stanley seeing a 3% contraction in global GDP to air passenger traffic projected to stay below 25%, here are the top headlines of the day

Air passenger traffic to stay below 25% in September: Boeing CEO

Asked whether there might be a major US carrier that has to go out of business, Calhoun said: "Yes, most likely. You know, something will happen when September comes around"

From seeking govt aid to snubbing it, what changed for Boeing in 6 weeks?

Boeing had lobbied extensively for aid and called for at least $60 billion in government loans for the entire aerospace manufacturing sector

Boeing to cut staff, boost liquidity with recovery not coming anytime soon

Chicago-based Boeing burned through $4.7 billion in cash in the first quarter but said it was confident of getting sufficient liquidity to fund its operations

Covid-19: Boeing CEO sees slow air travel rebound, no dividend for 'years'

The comment was a signal that paying back debt and keeping up Boeing's manufacturing supply chain were bigger priorities than paying dividends for the foreseeable future

$4.2 bn Boeing-Embraer deal hits new roadblock as deadline looms: Report

Embraer said this week it was in talks with Boeing to extend the April 24 deadline for closing the deal and that there were no assurances about whether or when it would close

Covid-19 woes: Some US producers, states reopening as pressure mounts

Elsewhere around the world, step-by-step reopenings were underway in Europe, where the crisis has begun to ebb in places such as Italy, Spain and Germany

Germany plans to buy Airbus and Boeing fighter jets, says report

Berlin is eager to balance European and American alliances via its military aircraft-buying scheme, but the decision to move ahead with the US purchases has angered some politicians

India to buy Harpoon missiles, lightweight torpedoes from US for $155 mn

While the Harpoon missiles will be manufactured by Boeing, the torpedoes would be supplied by Raytheon

Conflicting orders from Centre and state govts hit aerospace production

Pressure from global aerospace vendors for uninterrupted supply building up

Covid-19: Boeing mulls 10% workforce cut; announces voluntary layoff plan

The coronavirus pandemic has compounded the year-old crisis over the grounding of Boeing's 737 MAX

Boeing planning to restart production of 737 MAX by May, says Report

Boeing ceased production of the jet in January as it struggled to win regulatory approvals and accrued a backlog of 400 undelivered jets

Nikki Haley quits Boeing board, cites opposition to govt aid for bailout

Haley had joined the Boeing board on April 29 last year. She served on the Finance and Audit Committees

Air traffic in China, Asia Pacific plummets by more than half over COVID-19

If you exclude China, in the rest of the Asia Pacific market, probably about 5000 flights a day and at one point in time we saw about 2500 or something like that. These are rough numbers," Hulst said

Airports Authority of India to raise $300 mn to fund new infrastructure

The airport authority aims to spend a minimum of Rs 5,000 crore each year on the infrastructure in line with the government's announcement that 100 new airports will be developed in five years

Boeing to separate 737 MAX wire bundles before return to service: Report

Boeing expects changes to take roughly one week per aircraft, but it will do some of the work as it goes through the process of removing aircraft from storage

Boeing to halt hiring, may sack staff on Coronavirus, jet grounding impact

A second industry source said job cuts were likely as the aviation industry is squeezed by plummeting travel demand and a safety ban on the 737 MAX after two fatal crashes hit the one-year mark.

Boeing employee in Everett factory tests positive for coronavirus

The employee in question works at the company's Everett factory near Seattle in the northwestern state of Washington, one of the areas most affected by the virus's outbreak in the US

Vistara unveils India's 1st Boeing 787-9 Dreamliner with 30 biz class seats

The statement informed that Vistara's new cabin products in Business, Premium Economy and Economy are designed to suit the preferences of today's global citizens