Boeing’s grounded 737 MAX jet is expected to remain grounded until at least August as the manufacturer continues to grapple with software program points, said people briefed on the matter. The largest plane manufacturer has signaled it now hopes […]
Boeing Tuesday demanded a $60 billion lifeline aid for the struggling U.S. aerospace manufacturing sector, which is suffering from huge losses from the grounding of 737 MAX and coronavirus pandemic. Boeing spokesperson Gordon Johndroe subsequently stated the company “helps a […]
France’s Safran reported a stronger-than-anticipated climb last year core profit headed by jet engine spare components; however, warned of flat-to-lower 2020 revenue hit by Boeing’s 737 MAX grounding crisis. Safran co-produces the jet’s engines with General Electric and makes the majority […]