Musk has publicly clashed with the FAA and its former chief, Michael Whitaker. The Federal Aviation Administration is facing its first major aviation disaster in 16 years without a leader because Elon Musk helped push him out.
Boeing argued that the exemption would enable quicker certification and delivery of the 737 MAX 7 and 737 MAX 10 aircraft.
BA stock, with -32% returns since the beginning of 2024, has significantly underperformed the S&P 500 index, up 27%.
Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.
Boeing continues to recover from a series of production and safety issues as well as last year's International Association of Machinists and Aerospace Workers
Boeing's executives outlined that the certification of the Boeing 737 MAX 7, MAX 10, and 777X will be the main focus of 2025, with no change in the previously communicated certification timelines. In his opening remarks during the earnings call,
President Donald Trump's nominee to head the U.S. Transportation Department said he will keep in place a cap on production of Boeing 737 MAX planes put in place after a mid-air panel blowout last year until he is satisfied it can be safely raised.
Boeing posted weaker-than-expected Q4 2024 earnings as labor strikes and defense program charges weighed heavily on its results.
On today’s briefing we talk about DeepSeek’s impact on travel, AirAsia Move’s new chairman, and Boeing’s sunny take on cloudy earnings.
Just days after taking office, Transportation Secretary Sean Duffy is thrust into a crisis with a deadly plane crash at Reagan National Airport
Some experts, politicians and airport managers have been warning of the risks posed by the crowded airspace at Reagan Washington National Airport.