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The Latest Breaking News from Dave Calhoun

Boeing to resell some 737 Maxes built for Chinese airlines

Boeing's top executives said Thursday they will begin to resell some of the 737 Maxes built for Chinese airlines, a signal of impatience with the protracted closure of the Chinese aviation market.

Tribune News Service

Boeing sees progress on 787 but warns on supply chain

New York (AFP) - Boeing said Wednesday it is close to receiving regulatory approval to resume 787 jet deliveries, a move that could help reverse lackluster profits, but warned that its production ramp-up for the 737 MAX would be slowed by supply chain problems.

AFP

Boeing profit falls as CEO eyes resumption of 787 deliveries

New York (AFP) - Boeing reported a drop in second-quarter profits on Wednesday due to the continued travails of the 787, but the company said it was close to receiving regulatory approval to resume deliveries of the plane.

AFP

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Boeing Stock Higher As Cash Flow Forecast Offsets Wider Q2 Loss

"We made important progress across key programs in the second quarter and are building momentum in our turnaround," said CEO Dave Calhoun.

The Street

Boeing CEO threatens to cancel 737 MAX 10 unless Congress acts

Boeing CEO Dave Calhoun said he’s ready to cancel the 737 MAX 10 program if Congress doesn’t extend a regulatory deadline that would allow the jet to enter service without an upgrade to the 737 crew alerting system.

Tribune News Service

Boeing wants more workers in the office to ramp up production. Not everyone wants to go back

Boeing has ordered some of its remote workforce back to the office to help the company ramp up production and fix supply-chain problems. But like many employers navigating the pandemic as it winds down, the aerospace giant is getting pushback from workers who resent giving up their "home" offices when…

Tribune News Service

Boeing 737 Max disaster casts long shadow as planemaker tries to rebuild fortunes

Planemaker’s leadership team must restore its reputation and its balance sheet amid an uncertain future for the aviation industry

The Guardian - UK

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Stocks Slump, Biden Gas Tax Plea, Powell Testimony, Boeing And Roxe - Five Things To Know

Stock futures slump as inflation woes mount; President Biden calls for Federal gas tax holiday; Fed Chair Jerome Powell faces Capitol Hill grilling on inflation; Boeing shares slide as CEO cautions on supply chain challenges and blockchain payments group Roxe plans Nasdaq SPAC merger

The Street

Boeing Stock Soars On Southern Airlines 737 Max Test Flight, Aircraft Demand Bets

"Demand for airplanes is as robust as I’ve ever seen it,' Boeing CEO Dave Calhoun said earlier this week.

The Street

Boeing’s Max 10 regulatory delays threaten $16 billion bonanza

Boeing Co. may be moving to Washington, but right now it needs Washington to move.

Tribune News Service

Boeing Unveils Plan To Move Corporate Headquarters to Washington, D.C.

"Northern Virginia makes strategic sense for our global headquarters given its proximity to our customers and stakeholders," said CEO Dave Calhoun.

The Street

Boeing shares dive as 777X, Air Force One woes lead to $1.2bn loss

NEW YORK: Boeing shares tumbled Wednesday after the aviation giant reported a $1.2 billion loss in an ugly quarter weighed down by fresh one-time costs on its Russia business, the Air Force One presidential jet and the new 777X plane.

Bangkok Post

Boeing CEO regrets AF1 Trump deal

Trump deal sours: The company has lost some $1.2 billion on plane, which may not be operable until 2026

Salon

Boeing delays 777X another year and writes off $1.2B as future costs pile up

Boeing on Wednesday disclosed a heavy first-quarter loss as it wrote off $1.2 billion related to two defense-side fixed-price aircraft projects and the impact of the war in Ukraine.

Tribune News Service

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Benzinga

Boeing CEO: We Should've Passed On Trump Air Force One Deal

If Boeing Co (NYS:BA) CEO Dave Calhoun could hop a ride in a time machine, he’d travel back to 2018 to halt the $3.9 billion contract his company signed with the Trump administration to build two new Air Force One aircraft.

AFP

Boeing shares dive as 777X, Air Force One woes lead to $1.2 bn loss

New York (AFP) - Boeing shares tumbled Wednesday after the aviation giant reported a $1.2 billion loss in an ugly quarter weighed down by fresh one-time costs on its Russia business, the Air Force One presidential jet and the new 777X plane.

Axios

Boeing lost $660 million on Trump’s Air Force One deal

“Air Force One — I'm just going to call a very unique moment, a very unique negotiation, a very unique set of risks."

The Independent UK

Boeing CEO says it should have refused Trump’s Air Force One deal that has cost it $660m

Company agreed fix-price contract and to cover any overspend on $4bn project

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AFP

Boeing shares dive as 777X delay, Air Force One woes lead to $1.2 bn loss

New York (AFP) - Boeing shares were in free-fall early Wednesday after the aviation giant reported a $1.2 billion loss in an ugly quarter weighed down by fresh one-time costs on its Russia business, the Air Force One presidential jet and the new 777X plane.

The Street

Boeing Stock Tumbles On Wider Q1 Loss, $1.5 Billion 777x Charges; Dreamliner Plan Submitted to FAA

"We increased 737 MAX production and deliveries and made important progress on the 787 by submitting our certification plan to the FAA," said CEO Dave Calhoun.

Al Jazeera

China Boeing 737 crash: Grim search as rescue teams comb hillside

Firefighters and paramilitary police deployed to steeply-forested slopes of China’s first air crash in a decade.

ABC News

Footage shows China Eastern Airlines plane nosediving before crash, authorities report 'no survivors' found among wreckage

Footage appears to show the last moments of a doomed Chinese airliner as it dives vertically into the ground with more than 130 passengers and crew on board.

Reuters

Boeing CEO offers 'full support' for China aviation crash probe

Boeing Chief Executive Dave Calhoun told employees on Monday that the planemaker has offered the full support of its technical experts in the investigation of the crash of a China Eastern Airlines 737-800 airplane.

Tribune News Service

Despite Boeing woes, top executives get big paychecks

The compensation for top Boeing's top leadership last year was lowered by the company's deep financial troubles and the flagging stock price. Performance-based awards paid out zero.

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Carlos Garcia Rawlins

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