For the leasing and air finance industry, the Boeing crisis seems to have sunk in to a degree as part of normal life in aerospace and for its customers.
The target of generating $10 billion in free cashflow per year by 2026 may slip as the company pays to fix its production processes and stabilize manufacturing.
The new inlets are needed to address a hazard that could see the composite parts overheat and fail if engine anti-ice is used in certain circumstances.
The FAA’s decision to freeze 737 MAX production levels likely does not have a significant effect on top suppliers, according to executives and analysts.
Boeing is withdrawing its request for a time-limited exemption covering a de-icing system that would have allowed the 737-7 to be certified with a known noncompliance.
Ryanair CEO Michael O’Leary said the airline would be happy to take over MAX delivery slots from United if the U.S. carrier wants to delay or cancel them.
Though Boeing’s 737-9 is now allowed to return to service after close inspections, the FAA’s decision to freeze production at current levels is a huge blow.
Boeing is seeking an exemption from FAA to allow the 737-7 to be certified and enter service as the airframer works to address engine inlet durability issues.
Following receipt of an approved inspection and maintenance process from the FAA, Alaska expects to bring its first few 737-9s back into service on Jan. 26.
Boeing has delivered its first Boeing 737-8 to China in nearly five years since the Civil Aviation Administration of China grounded the type in March 2019.
When it comes to safety and the finger pointing falls on the wrong player, the reputational damage to the affected airline can be long-standing and costly.
As groundings of the Boeing 737-9 affect its first quarter outlook, the airline is taking existing orders for the larger -10 variant out of its internal plans.
We may be witnessing the slow demise of what was once the world’s greatest aerospace company, with few identifiable roadblocks to an act of self-immolation.
FAA recommends visual inspections of Boeing 737-900ER mid-cabin door plugs after some operators have found loose bolts during earlier voluntary inspections.
