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Jon Ostrower Profile picture
Jon Ostrower
@jonostrower
Editor-in-chief of @theaircurrent, co-founder @yawmanflight. Chaser of things that fly, dad, unapologetic geek. CNN, WSJ & Flightglobal alum.

Jul 29, 2020, 5 tweets

Boeing CEO Calhoun: 737 Max re-certification aimed at restarting deliveries in fourth quarter.

Boeing booked $7 billion in orders for its defense and space business during the second quarter.

Calhoun says more than 2,500 aircraft with 20+ years of service were in operation before the pandemic. Since then, Boeing has tracked more than 1,000 which have been formally retired.

Calhoun emphasizes retirements and replacement for future demand for aircraft. That will have a profound impact on Boeing and Airbus's most important suppliers, the engine makers.

MORE: bit.ly/3hwpjG5

Boeing CFO Greg Smith says that 6,000 employees have left the company as of June 30. The company's workforce will shrink by at least 10% and CEO Calhoun says it is examining further cuts.

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