Boeing CEO says new recommendation for simulator training prompted new 737 Max timeline

Boeing CEO says new recommendation for simulator training prompted new 737 Max timeline

Two workers walk under the wing of a 737 Max aircraft at the Boeing factory in Renton, Washington, March 27, 2019. Lindsey Wasson | Reuters Boeing CEO Dave Calhoun on Wednesday said the company’s recommendation that pilots should undergo simulator training prompted its decision to push back its timeline for when it expects the 737 … Read more…

United (UAL) earnings Q4 2019 beat estimates

United (UAL) earnings Q4 2019 beat estimates

United Airlines Holdings’ fourth-quarter profits surged nearly 40% in the last three months of 2019 from a year earlier, thanks to strong travel demand and less expensive fuel. The Chicago-based carrier reported earnings and revenue on Tuesday that narrowly beat analysts’ estimates, sending shares up slightly in postmarket trading. United posted net income of $614 … Read more…

Boeing doesn't expect regulators to sign off on 737 Max until mid-2020

Boeing doesn’t expect regulators to sign off on 737 Max until mid-2020

Boeing is telling airlines and suppliers that it doesn’t expect regulators to sign off on the 737 Max until the middle of 2020, months later than the manufacturer previously expected. The extended delay poses another headache for carriers who have already missed one peak travel season without the fuel-efficient planes. Shares of the aircraft manufacturer … Read more…

Iraq doesn't want to be battleground between US and Iran: Crescent CEO

Iraq doesn’t want to be battleground between US and Iran: Crescent CEO

Iraq doesn’t want to be caught in a “tug of war” between the U.S. and Iran, according to the chief executive officer of a UAE-based oil and gas company. “It’s perhaps a bit late, but (Iraq is) trying to avoid becoming — long term — a battleground between the two sides,” Majid Jafar, CEO of Crescent … Read more…

SpaceX first launch with NASA astronauts in second quarter

SpaceX first launch with NASA astronauts in second quarter

SpaceX founder and CEO Elon Musk speaks with NASA administrator Jim Bridenstine, along with astronauts Victor Glover, Doug Hurley, Bob Behnken and Mike Hopkins, in front of the company’s Crew Dragon capsule. NASA | Joel Kowsky Elon Musk expects his space company’s inaugural launch of NASA astronauts is only a few months away. The SpaceX … Read more…

Crew Dragon in-flight abort launch on a Falcon 9

Crew Dragon in-flight abort launch on a Falcon 9

The four main parachutes of SpaceX”s Crew Dragon slow the capsule down after its in-flight abort test. NASA TV SpaceX completed what is expected to be its last test before flying astronauts to space on Sunday, in a critical high-speed mission that lasted mere minutes. Launched on top of a Falcon 9 rocket from NASA’s Kennedy … Read more…

Boeing says it is addressing new 737 Max software issue discovered in technical review

Boeing says it is addressing new 737 Max software issue discovered in technical review

Boeing said on Friday it is addressing a new software issue discovered in Iowa last weekend during a technical review of the proposed update to the grounded Boeing 737 Max, a development that could further delay the plane’s return to service. “We are making necessary updates,” Boeing said in a statement. Officials at the planemaker … Read more…

Boeing expected to take another big, ugly charge on 737 Max crisis

Boeing expected to take another big, ugly charge on 737 Max crisis

A year ago, Boeing posted record revenues topping $100 billion with hopes of delivering a chart-topping number of airplanes in 2019, including hundreds of 737 Max jetliners. The news isn’t going to be so rosy on its fourth-quarter earnings call this year. Those bestselling planes were grounded worldwide in March after the second of two … Read more…

Southwest pulls Boeing 737 Max until June

Southwest pulls Boeing 737 Max until June

A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California Reuters/Mike Blake Southwest Airlines said Thursday it doesn’t expect the Boeing 737 Max to be included in its flight schedule until early June, following similar moves by American and United. Ahead of the peak summer travel … Read more…

Qasem Soleimani killing was a 'wake-up call' to Tehran: Prince Turki

Qasem Soleimani killing was a ‘wake-up call’ to Tehran: Prince Turki

The U.S. airstrike that killed Iran’s top commander showed Tehran that it can’t get away with its provocations, but won’t stop the country from continuing with its agenda, a former chief of Saudi intelligence told CNBC. “The taking out of (Qasem) Soleimani definitely has been an important step to check at least some of the … Read more…