Boeing CEO Kelly Ortberg announced that the company will need a few more years to stabilize its finances before launching a new commercial airplane. Currently, airline customers want Boeing to improve the reliability and production of its existing aircraft rather than rush into developing a new model. Ortberg emphasized that Boeing must be financially ready, have the right technology, and see strong market demand before starting a new plane program. This delay means Boeing will likely not introduce a successor to the 737 MAX until later in the decade, which is crucial to compete with Airbus's A320 family.
Boeing CEO Kelly Ortberg announced the company has begun preliminary work on a new airplane design but is not ready to proceed with production. The focus remains on improving finances, developing technology, and delivering delayed aircraft like the 7...
Jim Cramer warns that the AI stock trade has become too unpredictable and suggests investors should temporarily move their money into high-quality companies outside the technology sector, such as Goldman Sachs, Wells Fargo, FedEx, Honeywell, and Boei...
Philippine Airlines has committed to purchasing up to 20 Boeing 787 Dreamliner jets, including 15 firm orders for the 787-10 model with an option for five more. This move supports the airline's fleet modernization and expansion plans, enhancing its m...
SMBC Aviation Capital has placed an order for 100 Boeing 737 MAX airplanes, comprising 60 of the 737-10 variant and 40 of the 737-8. This marks SMBC's first purchase of the 737-10, the highest capacity model in the 737 MAX family, and is the largest ...
Riyadh Air, Saudi Arabia's new national carrier, is exercising options to buy 28 additional Boeing 787 Dreamliner jets, including converting 20 to the larger 787-10 variant. This move expands their fleet to 67 Dreamliners, supporting plans to connect...
