What is the electrical problem with Boeing?
What is the electrical problem with Boeing? Officials said the manufacturing flaw, which arose after a design change in 2019, led to insufficient electrical grounding in some cockpit areas, which could ultimately affect systems such as engine ice protection, if not addressed.
What is the issue with Boeing?
Boeing said a new manufacturing flaw on its 737 Max will delay deliveries of its bestselling aircraft, the latest setback as the company tries to hand over more planes. The company said it found that fastener holes on the aft pressure bulkhead on some 737 planes were improperly drilled.
Why is Boeing declining?
He isn't surprised by the drop. “The emergence of headwinds to Q3 earnings and cash flow, the slow pace of 737 deliveries, and expected pressure on 2024 free cash flow expectations.” Wall Street projects a third-quarter per-share loss of about $2.66 and free cash flow of just $100 million.
Is Boeing 737 MAX 8 safe now?
Despite the FlyersRights concerns, the FAA, Boeing and many pilots deem the 737 MAX safe to fly and many airlines have the plane in service. “I can say categorically that the 737 MAX product is safe,” then-acting FAA administrator Bill Nolen told members of the US Senate Commerce Committee in March.
Are the new 737 still grounded?
The FAA ultimately grounded the MAX on March 13, 2019 and lifted the flight prohibition order in November 2020 after Boeing made a series of software upgrades and training changes.
What did Boeing pay 737 MAX victims?
It agreed to pay $500 million to victims' beneficiaries as part of its broader $2.5 billion Justice Department settlement. It reached a $237.5 million settlement with shareholders over board oversight of 737 MAX issues.
What is 737 MAX called now?
The move away from the MAX name has been a subtle process and Boeing has begun to use the name 737 MAX and 737-8(7 through 10) interchangeably. This way they are transitioning away from the MAX name toward the normal naming convention of modern Boeing aircraft.
Did the families from the 737 MAX sue Boeing?
But the families sued, arguing that the agreement was a “sweetheart deal” made behind closed doors, and that under the Crime Victims Rights Act, they should have been allowed a seat at that table.
Has the Boeing 737 Max problem been fixed?
After requiring Boeing to institute new MCAS training and certain design changes, the FAA eventually cleared Boeing 737 Max's return to the skies by the end of 2020 — in October 2022, Alaska Airlines (ALK) - Get Free Report committed to buying 52 Boeing 737 Max planes for delivery between 2024 and 2027.
Who is responsible for Boeing 737 MAX crash?
Boeing To Pay $2.5 Billion Settlement Over Deadly 737 Max Crashes. Investigators found that both crashes were caused in part by a flawed automated flight control system called MCAS.
Can Boeing recover from 737 MAX?
WASHINGTON, April 10 (Reuters) - Boeing Co (BA. N) intends to restore production of its bestselling 737 MAX jet to its 2019 rate of 52 a month by January 2025 as it seeks to fully recover from two deadly crashes and the COVID-19 pandemic that curtailed output, two people familiar with the matter said.
Is Airbus safer than Boeing?
It was found that Boeing had more accidents than expected, while Airbus had fewer (p = 0.015). In terms of fatalities, Boeing had more than expected, with Airbus fewer (p < 0.001). Looking at accidents alone, only the number of fatalities was statistically significantly different.
Why is the Boeing 737 MAX still grounded?
After two fatal crashes that killed 346 people, the jet was grounded for 20 months starting in March 2019. Then a year later, the pandemic brought demand for flying and new aircraft to a near halt — sparking the cancellation of hundreds of jet orders and the pileup of losses for Boeing (BA).
Is Boeing struggling financially?
Hefty defense and space write-offs Boeing lost $149 million in the second quarter, or 25 cents per share, on revenue of $19.8 billion. That's down from a profit of $160 million in the same period last year, which was the last time Boeing showed a profit.
What is the biggest problem with Boeing?
The latest problem comes as Boeing has been under intense scrutiny since two accidents in 2018 and 2019 involving its 737 Max planes killed 346 people. Authorities said the accidents were triggered by design flaws in its flight control software.
Did 737 Max victims suffer?
There is sufficient evidence to support a reasonable inference that these passengers experienced pre-impact fright and terror, and that experience is part of the 'process or manner of death,' U.S. District Judge Jorge Alonso in Illinois wrote in his ruling, rejecting Boeing's motion.