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NEW YORK, United States (AFP) — Boeing shares slumped Monday on the company’s weakened profit outlook after it announced last week it will cut production of 737 planes following two deadly crashes. Shares were down 4.5 percent at $374.02 in afternoon trading, weighing on the Dow in the first session since Boeing announced late Friday it would trim production to 42 planes per month, down from 52 per month. Several analysts downgraded profit estimates, […]
HONG KONG, China (AFP) — A Cathay Dragon flight from Taiwan to Hong Kong made an emergency landing on Monday at the city it departed from after experiencing a “technical issue” shortly after take-off, the carrier said. Cathay Pacific, the parent company of Cathay Dragon, said flight KA451 from Kaohsiung to Hong Kong made an “air return” and landed safely back at the southern Taiwanese city. An official with Taiwan’s Civil Aeronautics Administration (CAA) told […]
NEW YORK, United States (AFP) — Boeing announced Friday it would cut the production schedule of its 737 aircraft line following the two recent crashes that have seen the 737 MAX grounded worldwide. The aerospace giant plans to trim production to 42 planes per month, down from 52 per month, starting in mid-April. Boeing shares tumbled after the disclosure, which was released just after the closing bell on Wall Street. Boeing also announced it was […]
by Chris STEIN The crew of the Ethiopian Airlines plane that crashed last month killing 157 people, repeatedly followed procedures recommended by Boeing, but were unable to regain control of the jet, according the investigators’ report released Thursday. The initial report, unveiled by Ethiopian Transport Minister Dagmawit Moges, cast further doubt on the system controlling the Boeing 737 MAX 8 model, which has been grounded worldwide for almost a month. “The crew performed all the […]
by Catherine LAI HONG KONG, China (AFP) — Cathay Pacific’s purchase of rival HK Express was an inevitable plunge into the no-frills market as the premier marque belatedly faces the reality that it can no longer ignore the budget sector, analysts say. Asia’s biggest international carrier has historically eschewed the low-cost sector, even as the region’s rising middle class has fuelled an unprecedented boom in air travel and demand for cheaper routes. But last week […]
HONG KONG, China (AFP) — Hong Kong flag carrier Cathay Pacific announced Wednesday it will buy budget airline HK Express for HK$4.93 billion ($628.15 million). The purchase comes as the airline moves to counter competition from an increasing number of budget carriers in the region. © Agence France-Presse
WASHINGTON, United States (AFP) — A Boeing 737 MAX aircraft operated by Southwest Airlines made an emergency landing Tuesday after experiencing an engine problem as it was being ferried from Florida to California, the US Federal Aviation Agency said. “The aircraft returned and landed safely in Orlando,” the FAA said in a statement, adding that no passengers were on board the aircraft, which was being transferred to Victorville, California for storage. “The FAA is investigating,” […]
by Luc OLINGA NEW YORK, United States (AFP) — Boeing has flown test flights of its 737 MAX to evaluate a fix for the system targeted as a potential cause of two deadly plane crashes, two sources familiar with the matter said Tuesday. The aviation giant, which has been under fire and has seen its flagship narrow-body planes grounded since March 13, tested the system upgrade on Monday, two days after pilots from American and […]
JAKARTA, Indonesia (AFP) — Indonesia’s national carrier Garuda will call off a multi-billion-dollar order for 49 Boeing 737 Max 8 jets after two fatal crashes involving the plane, the company said Friday, in what is thought to be the first formal cancellation for the model. “We have sent a letter to Boeing requesting that the order is canceled,” said Garuda spokesman Ikhsan Rosan. “The reason is that Garuda passengers in Indonesia have lost trust and […]
WASHINGTON, United States (AFP) — Boeing’s ill-fated 737 MAX and federal regulators next week will face the first public grilling by Congress over the two fatal plane crashes in recent months. Senator Ted Cruz, the Texas Republican, called for a hearing of the Commerce Subcommittee on Aviation and Space, for March 27, with three transportation officials, notably the acting head of the Federal Aviation Administration. Cruz intends to hold a second hearing to question […]
Ethiopians were holding funerals Sunday for friends and relatives who perished in last week’s Ethiopian Airlines crash, which killed all onboard and saw the worldwide grounding of the Boeing aircraft involved. Families in 35 nations were left bereaved when the Boeing 737 MAX 8 aircraft plummeted from the sky just minutes into its flight to Nairobi last Sunday, killing all 157 passengers and crew on board. One week after the crash, relatives of the 17 […]
by Delphine TOUITOU with Luc OLINGA in New York WASHINGTON, United States (AFP) — Boeing and US aviation regulators are coming under intense scrutiny over the certification of the 737 MAX aircraft after news that two recent crashes of share similarities. On March 11, just a day after the Ethiopia crash left 157 dead, a grand jury in Washington issued a subpoena to at least one person involved in the plane’s certification, according to a […]
