Boeing's first quarter net profits were reduced to just $50 million after the announced $219 million charge to cover losses anticipated on the first 400 Next Generation 737s. Ayear ago profits stood at $540 million. Chairman Phil Condit cautions that avoiding future charges depends on the company achieving its production recovery plan for the 737.
Source: Flight International
Spirit Airlines became the latest airline on 1 August to say it had deferred deliveries of new Airbus A320neo-family jets, a move coming amid competitive pressure and operational upheavals caused by Pratt & Whitney (P&W) engine problems
There is a sense among people who study Boeing that the company’s board of directors made a very good decision in picking longtime aerospace executive Kelly Ortberg to succeed David Calhoun as chief executive.
Boeing chief executive David Calhoun thinks the company could have its 737 Max 7 and Max 10 certificated by the Federal Aviation Administration in the first half of 2025, while cautioning that the regulator will determine ultimate timing.
