Dennis Muilenburg has been removed from the role of chairman with Boeing, but will remain as chief executive, president and director. The board has elected David Calhoun, currently independent lead director, to serve as non-executive chairman.
American Airlines has said it expects to re-launch flights on the Boeing 737 Max in January. In a filing with the Securities & Exchange Commission in the United States, the carrier said it anticipates impending software updates to the aircraft will lead to re-certification “later this year”.
Boeing is investing $20 million in Virgin Galactic, a vertically integrated human spaceflight company. The companies will work together to broaden commercial space access and transform global travel technologies.
Since receiving approval for the partnership from Embraer shareholders in February this year, the companies have undertaken diligent planning for the creation of a joint venture made up of the commercial aircraft and services operations of Embraer.
Boeing and Air New Zealand have finalised an order for eight 787-10 Dreamliner planes valued at $2.7 billion at list prices. The carrier will integrate the largest Dreamliner model into its fleet of 787-9 and 777 planes from 2022.
On the side-lines of crown prince Salman bin Hamad Al Khalifa’s official visit to the United States of America, Gulf Air has received its seventh Boeing 787-9 Dreamliner at Dulles International Airport.
The Vietnamese flag carrier plans to put the 787-10 – the most fuel-efficient twin-aisle airplane in the industry – on the busiest routes in its expanding network. The deal comes via a lease from Air Lease Corporation.
Boeing has said it will put development of the ultra-long-range 777-8 on hold. The decision comes after a review of the development programme schedule and of 777X customer needs.
Boeing has reported its largest-ever quarterly loss, with the manufacturer losing $3.4 billion over the past three months. The financial damage comes as the entire fleet of flagship 737 Max planes remains grounded.
Boeing has said it will record an after-tax charge of $4.9 billion, or $8.74 per share, in connection with the grounding of the 737 Max. The plane is currently out of operation following two crashes, in Indonesia and Ethiopia.
Ryanair is expecting to welcome five million fewer passengers next summer as the grounding of the Boeing 737 Max impacts capacity growth. The Irish airline has a total of 135 of the controversial models on order, the first five of which are due for delivery this autumn.
flyadeal has announced an order for 30 A320neo aircraft from Airbus. The decision follows the crashes of two 737 Max jets, the first in Indonesia in October followed by one in Ethiopia in March, which killed 346 people.