Boeing To Pay $200 Million To Settle SEC Charges It Misled Investors about 737 Max
Ex-CEO Dennis Muilenburg agrees to pay a penalty of $1 million.
Ex-CEO Dennis Muilenburg agrees to pay a penalty of $1 million.
Delta Air Lines said it has agreed to order 100 Boeing 737 Max aircraft, with an option for 30 more, as part of a long-term plan to update its fleet and improve its overall fuel efficiency. The announcement came during the 2022 Farnborough International Airshow in the U.K., and included a signing ceremony. The airline […]
Boeing (NYSE: BA) president and CEO David Calhoun reportedly is not ruling out canceling development of the 737-10, as a December deadline approaches for FAA certification. The report, published Thursday by Aviation Week, suggests Calhoun may be willing to play a high stakes game of chicken with Congress over whether to offer deadline relief for […]
A jury has found a former Boeing pilot not guilty of deceiving the FAA about an issue with the 737 Max flight control system blamed for two fatal crashes. Late Wednesday, a Texas jury acquitted 50-year-old Mark Forkner, of Keller, Texas, on all four counts of wire fraud stemming from accusations that in his role […]
Airline will buy 34 aircraft plus smaller 737 Max as feud with Airbus escalates over alleged defects.
Released 97-page report indicates that the fox was proverbially guarding the hen house.
After two crashes of Boeing 737 Max aircraft that claimed 346 lives, the Federal Aviation Administration has changed its relationship with Boeing amid the agency’s overhaul of its certification and oversight process, FAA Administrator Steve Dickson told House lawmakers Thursday. “When I came on board as FAA administrator almost two and half years ago now, […]
Former Boeing 737 Max Chief Technical Pilot Mark Forkner faces federal charges accusing him of scheming to defraud Boeing customers and deceiving the Federal Aviation Administration (FAA). The indictment, returned Thursday by the grand jury in the Northern District of Texas, alleges that Forkner, 49, committed fraud in an attempt to obtain tens of millions […]
Readers of this publication are more intimate than most with the circumstances surrounding the tragedy of the Boeing 737 Max, but just as a review, the crashes of Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 five months later are all attributed to the malfunction of the maneuvering characteristics augmentation system. […]
The FAA last week announced in a news release a $5.4 million dollar fine against the Chicago-based Boeing Company, the aerospace manufacturer whose reputation was severely crippled following the grounding of its 737 Max in March 2019. Over the past two years, the company has continued absorbing both financial and reputational hits against the Max […]