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.
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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The families of the twin 737 Max crashes today received the following letter from the DOJ regarding its determination that Boeing was in breach of its 2020 deferred prosecution agreement.
"The Department has determined that Boeing breached its obligations...by failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations."
Boeing confirms it's been notified of the breach: "We can confirm that we received a communication today from the Justice Department, stating that the Department has made a determination that we have not met our obligations under our 2021 deferred prosecution agreement,...
I am pleased to report that with 25 years of reflection, I have always been me. June 1997: 7th grade English class project was to publish your own magazine, fake ads and all. Before there was @theaircurrent. Before there was FlightBlogger. There was SpaceWorld.
@theaircurrent Oh yeah, we had a website. It’s not there anymore. (I checked) All “published” a month before Pathfinder and Sojourner landed on Mars.
I’ve just started going through about 8 big boxes of stuff from my childhood that arrived last week from Boston. A whole lot of airplane photos that are now only good with 20 years of nostalgia attached. Grainy ACA 328Jet at Logan anyone?
The rumblings of a ~300 airplane Airbus deal date back to fall 2020, but all indications at that point suggested it would wait until after the U.S. presidential election. It was clear that the Max was a pawn in the geopolitical game. theaircurrent.com/china/737-max-…
In the closing days of the Trump administration, U.S. policy underwent a major shift that largely derailed China's own move toward cultivating a home-grown commercial aircraft capability to fly alongside Boeing & Airbus. theaircurrent.com/china/chinas-c…
In the opening months of the Biden Administration, the relationship between the U.S. and China got its first face-to-face test. It didn't go well. theaircurrent.com/china/us-china…
We need to stop for moment and take stock of the abject evisceration of the Russian commercial aircraft fleet and airline market that is currently taking place.
Prior to the sanctions, Russia had one of the most active domestic aviation operations, a global highlight in an otherwise ailing airline market with the two-year pandemic. The market was actually ABOVE 2019 levels of traffic last summer.
Both Airbus and Boeing have announced suspension of parts and services to the Russian fleet, effectively cutting off maintenance support to Russian airlines. Local airlines have some capability to service their own, but they will quickly become paperweights.
A lot of folks are going to be watching Downfall this weekend, the new @netflix documentary on the 737 Max. I had a chance to be a part of the film, offering technical & historical context drawn from my time reporting on Boeing. I wanted to share some additional reading.