Boeing first-quarter orders halved amid 737 Max grounding
Apr 12, 2019, 02:25
The FAA said last week it was forming an global team to review the safety of the aircraft, grounded worldwide following two deadly crashes - in Indonesia in October and in Ethiopia last month - that killed almost 350 people.
The filing at a Chicago federal court alleges that the aerospace company defrauded investors over the safety features of Boeing's 737 Max aircraft which was involved in two fatal crashes: one in Ethiopia last month and another in Indonesia a year ago.
The airline now expects a key measure of total revenue to be flat or grow by 1% during the first quarter, compared to previous forecasts of a 2% increase.
The company said yesterday that it had delivered 149 commercial aircraft in the first three months of the year, down from 238 in the preceding three months and 184 in the first quarter of 2018.
Boeing suspended Max deliveries in mid-March after regulators grounded the planes.
Though the market is less sure of Spirit AeroSystems' future, the maker of shipsets for the MAX 8 released a statement Friday confirming it would continue deliveries at the 52 planes-per-month pace, but will store them at Spirit facilities.
China has chose to accept an invitation to join the U.S. Federal Aviation Administration's (FAA) review panel on theBoeing 737 MAX, an official at the Chinese aviation regulator said on Tuesday.
Boeing said last week it would cut monthly 737 MAX production by 20 percent starting mid-April, without giving an end-date. The suit is the criticism at a number of claims from Boeing after two 737 Max crashes in just seven months.
Boeing is working on a fix to the anti-stall system, known as MCAS, in 737 Max 8 planes which preliminary reports suggest caused both the Lion Air and the Ethiopian Airlines flights to repeatedly nosedive.
Boeing's shares, which have lost about 13% since the crash, were down 1.66 percent at $368.32 in afternoon trading.
The Chicago-based airplane maker had been ramping up Max deliveries, with the planes accounting for almost half of the deliveries in the last few months.
The victims in the case include a mentally ill paraplegic who won a $4 million settlement against Los Angeles County. A statement from prosecutors to news outlets says details of the case will be released Thursday morning by U.S.
Chancellor Philip Hammond, a senior member of May's Cabinet, said Parliament should vote on whether to hold a second referendum . He said: "I've spoken out against a customs union , but I do want to see an outcome from these talks that can deliver Brexit".
Both Lyft and Uber will tell you what kind of auto is picking you up, as well as the name of the driver and their license plates. Second: ask the driver "what's my name?" and if they get it wrong or don't know, do not get in the auto , Pastides said.
I had to make a few birdies just to hang in there on the front nine and to finish with two birdies on 15 and 16 was very nice". There was also joy for England's Ian Poulter, who birdied the final two holes for a two-up victory over the US's Kevin Kisner.
They came from a person who cared for me, who wanted my well-being, who saw me suffer during training and saw me sad. However, Chelsea are holding out for £100m despite Hazard having just over a year left on his contract.
Elsewhere, Real's La Liga rivals Barcelona have ambitious plans of their own to rejuvenate their 99,000 Nou Camp stadium, in a development that will increase the arena's capacity to 105,000 in time for the 2023/24 season.
The tiny bees - which were were pulled out intact and alive - flew into Ms He's eye as she cleaned around a relative's grave. They also drink tears for their high protein content, according to a study by the Kansas Entomological Society .
But they didn't need to and won in overtime because guard Clark tapped the ball to Diakite, who came through. "That's all I want". However, another season ended Monday night, as college basketball wrapped up the 2019 Men's NCAA Tournament.
At least two members of the crowd were critically injured and one injury was reportedly from a auto hitting a pedestrian. An autopsy completed Monday showed that Hussle, 33, died after being shot in the head and torso.
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