Tag #737 Max

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bbc.com

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May 17, 07:08

Boeing Faces Potential Dismissal of 737 Max Criminal Charges

US prosecutors are considering dropping criminal charges against Boeing related to two 737 Max crashes that killed 346 people in 2018 and 2019, opting for a non-prosecution agreement instead of a trial scheduled for June, despite objections from victims' families.

Boeing Faces Potential Dismissal of 737 Max Criminal Charges

US prosecutors are considering dropping criminal charges against Boeing related to two 737 Max crashes that killed 346 people in 2018 and 2019, opting for a non-prosecution agreement instead of a trial scheduled for June, despite objections from victims' families.

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Responsible Consumption and Production

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How did the previous legal attempts to resolve the Boeing 737 Max case impact this latest development?

This decision to potentially drop charges reflects a shift in the Department of Justice's approach, prioritizing a non-prosecution agreement over a trial. This contrasts with the previous attempt at a guilty plea and highlights the ongoing tension between the DOJ, Boeing, and victims' families. The incident of an in-flight door falling off a 737 Max contributed to reopening the case.

theglobeandmail.com

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May 16, 19:14

Boeing Averts Felony Conviction in 737 Max Case

Boeing reached a tentative non-prosecution agreement with the DOJ in the 737 Max fraud case, averting a felony conviction but adding $444.5 million to the crash victims' fund, following a judge's rejection of a prior plea agreement in December 2023 and sparking criticism for insufficient corporate a...

Boeing Averts Felony Conviction in 737 Max Case

Boeing reached a tentative non-prosecution agreement with the DOJ in the 737 Max fraud case, averting a felony conviction but adding $444.5 million to the crash victims' fund, following a judge's rejection of a prior plea agreement in December 2023 and sparking criticism for insufficient corporate a...

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of Boeing's tentative non-prosecution agreement in the 737 Max case?

Boeing is tentatively settling a Department of Justice fraud case stemming from the 737 Max crashes, avoiding a felony conviction but facing criticism for insufficient consequences. The agreement includes an additional $444.5 million to a victims' fund, totaling $944.5 million. This follows a judge's rejection of a previous plea deal.

theguardian.com

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Mar 26, 01:14

Boeing Faces Trial Over 737 Max Crashes

A US judge ordered a June 23 trial date for Boeing, accused of misrepresenting safety systems on its 737 Max planes, leading to two crashes killing 346 people; Boeing is attempting to withdraw from a rejected plea deal that included a $487.2 million fine; victims' families support the trial.

Boeing Faces Trial Over 737 Max Crashes

A US judge ordered a June 23 trial date for Boeing, accused of misrepresenting safety systems on its 737 Max planes, leading to two crashes killing 346 people; Boeing is attempting to withdraw from a rejected plea deal that included a $487.2 million fine; victims' families support the trial.

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of the judge's decision to set a trial date in the Boeing 737 Max case?

On June 23, a US judge ordered a trial for Boeing, accused of misrepresenting safety systems on the 737 Max, leading to two crashes that killed 346. Victims' families welcomed this as an opportunity for justice, while Boeing stated ongoing negotiations with the Department of Justice. The judge previously rejected a plea deal, citing a diversity and inclusion provision.

zeit.de

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Jan 28, 19:13

Boeing Reports \$11.8 Billion Loss in 2024

Boeing reported a \$11.8 billion loss in 2024 due to safety problems, labor strikes, and fixed-price defense contracts; revenue was \$66.5 billion, down 14%.

Boeing Reports \$11.8 Billion Loss in 2024

Boeing reported a \$11.8 billion loss in 2024 due to safety problems, labor strikes, and fixed-price defense contracts; revenue was \$66.5 billion, down 14%.

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What were the primary financial impacts of safety issues, labor strikes, and fixed-price contracts on Boeing's 2024 performance?

In 2024, Boeing reported a net loss of approximately \$11.8 billion, with revenue down 14% year-over-year at \$66.5 billion. This was primarily due to safety issues resulting in production slowdowns and significant labor strikes impacting both commercial and defense sectors.

abcnews.go.com

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Jan 28, 16:14

Boeing Posts $11.8 Billion Loss in 2024 Amidst Strikes and Production Issues

Boeing reported a $3.8 billion fourth-quarter loss and an $11.8 billion full-year loss in 2024 due to a machinists' strike, production issues with the 737 Max, and problems with government programs, resulting in lower deliveries and fewer orders compared to Airbus.

Boeing Posts $11.8 Billion Loss in 2024 Amidst Strikes and Production Issues

Boeing reported a $3.8 billion fourth-quarter loss and an $11.8 billion full-year loss in 2024 due to a machinists' strike, production issues with the 737 Max, and problems with government programs, resulting in lower deliveries and fewer orders compared to Airbus.

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Decent Work and Economic Growth

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What are the key financial impacts of the machinists' strike and other issues on Boeing's 2024 performance?

Boeing reported a $3.8 billion fourth-quarter loss, exceeding Wall Street expectations and contributing to an $11.8 billion full-year loss. This follows a machinists' strike and issues with government programs, impacting production and deliveries.

elpais.com

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Jan 24, 07:09

Boeing Projects $12 Billion Loss in 2024 Amidst Multiple Crises

Boeing projects a $12 billion loss for 2024 due to a series of crises, including a mid-flight fuselage failure, a strike affecting production, and a 10% workforce reduction; the company anticipates resolving these issues under new leadership.

Boeing Projects $12 Billion Loss in 2024 Amidst Multiple Crises

Boeing projects a $12 billion loss for 2024 due to a series of crises, including a mid-flight fuselage failure, a strike affecting production, and a 10% workforce reduction; the company anticipates resolving these issues under new leadership.

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Decent Work and Economic Growth

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How did the labor strike and subsequent agreement with the union impact Boeing's financial performance and its various programs?

The significant losses are directly linked to the aforementioned events: the Alaska Airlines incident damaged Boeing's reputation and triggered safety concerns, the strike disrupted production and led to increased labor costs (44% increase over four years), and the layoffs added to the financial burden. These issues significantly impacted Boeing's commercial and defense divisions, resulting in reduced deliveries and substantial charges.

npr.org

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May 17, 01:09

DOJ Considers Dropping Criminal Charges Against Boeing in 737 Max Crash Case

The Department of Justice is considering dropping criminal charges against Boeing, which admitted to defrauding regulators, in exchange for a $444.5 million settlement for the families of 346 victims killed in two 737 Max crashes; the victims' families are outraged and plan to fight the deal.

DOJ Considers Dropping Criminal Charges Against Boeing in 737 Max Crash Case

The Department of Justice is considering dropping criminal charges against Boeing, which admitted to defrauding regulators, in exchange for a $444.5 million settlement for the families of 346 victims killed in two 737 Max crashes; the victims' families are outraged and plan to fight the deal.

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Peace, Justice, and Strong Institutions

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What factors contributed to the initial rejection of Boeing's plea deal, and how does this affect the current proposed settlement?

Boeing's potential avoidance of criminal prosecution highlights concerns about corporate accountability and the influence of powerful corporations on legal outcomes. The proposed $444.5 million settlement, while substantial, replaces potential criminal penalties and raises questions about whether it adequately addresses the severity of Boeing's actions and the resulting loss of life. This decision underscores the ongoing debate surrounding corporate responsibility and the effectiveness of regulatory oversight.

corriere.it

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Apr 21, 13:13

China Returns Second Boeing Plane Amid US Trade Dispute

China returned a second Boeing 737 MAX to the US, likely due to the ongoing trade war, impacting Boeing's sales and potentially affecting Chinese airline expansion and flight safety. The Tokyo Stock Exchange closed down 1.30%, while Chinese markets saw gains.

China Returns Second Boeing Plane Amid US Trade Dispute

China returned a second Boeing 737 MAX to the US, likely due to the ongoing trade war, impacting Boeing's sales and potentially affecting Chinese airline expansion and flight safety. The Tokyo Stock Exchange closed down 1.30%, while Chinese markets saw gains.

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Decent Work and Economic Growth

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How does this action relate to the broader US-China trade dispute?

The return of Boeing planes to the US by Chinese airlines is a direct consequence of increased US tariffs on Chinese goods. This move may harm Boeing's recovery, as China accounts for 20% of global aircraft demand over the next two decades. The situation also raises concerns about the availability of spare parts for Boeing aircraft in China, potentially affecting flight safety.

theglobeandmail.com

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Mar 26, 01:14

Boeing Faces June Trial in 737 Max Case After Plea Deal Rejection

A Texas judge rejected Boeing's plea deal in a case involving the 737 Max, setting a June trial date on charges of misleading regulators; the judge raised concerns about diversity, inclusion, and equity policies potentially influencing the monitor selection process, despite accepting the proposed se...

Boeing Faces June Trial in 737 Max Case After Plea Deal Rejection

A Texas judge rejected Boeing's plea deal in a case involving the 737 Max, setting a June trial date on charges of misleading regulators; the judge raised concerns about diversity, inclusion, and equity policies potentially influencing the monitor selection process, despite accepting the proposed se...

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of the judge's rejection of the Boeing plea deal, and how does this impact Boeing's legal and financial standing?

A Texas judge rejected a plea deal between Boeing and the Department of Justice, setting a June trial date for charges of misleading regulators about the 737 Max. The judge cited concerns about diversity, inclusion, and equity policies influencing monitor selection, despite not objecting to the proposed sentence. This trial will determine Boeing's guilt or innocence on charges related to the 737 Max crashes.

lefigaro.fr

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Jan 28, 19:13

Boeing Posts $11.82 Billion Net Loss in 2024 Amidst Production Issues

Boeing reported a $11.82 billion net loss for 2024, down from a $2.22 billion loss in 2023, due to production quality problems, a 50-day strike, and reduced aircraft deliveries (348 in 2024, the lowest since 2021).

Boeing Posts $11.82 Billion Net Loss in 2024 Amidst Production Issues

Boeing reported a $11.82 billion net loss for 2024, down from a $2.22 billion loss in 2023, due to production quality problems, a 50-day strike, and reduced aircraft deliveries (348 in 2024, the lowest since 2021).

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Decent Work and Economic Growth

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What were the primary factors contributing to Boeing's substantial net loss in 2024, and what are the immediate consequences?

Boeing reported a net loss of $11.82 billion for 2024, significantly impacting its financial performance. This is largely attributed to production quality issues and a 50-day strike that hampered production. The annual revenue also decreased by 14% to $66.52 billion.

cnbc.com

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Jan 28, 16:14

Boeing Posts Record $11.83 Billion Loss in 2024

Boeing reported a $11.83 billion annual loss in 2024, primarily due to a machinist strike, subsequent production delays, and various accounting charges; CEO Kelly Ortberg anticipates a turnaround with cash-flow positivity in the second half of 2025.

Boeing Posts Record $11.83 Billion Loss in 2024

Boeing reported a $11.83 billion annual loss in 2024, primarily due to a machinist strike, subsequent production delays, and various accounting charges; CEO Kelly Ortberg anticipates a turnaround with cash-flow positivity in the second half of 2025.

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What were the primary factors contributing to Boeing's significant financial losses in 2024, and what are the immediate implications for the company?

Boeing reported a $11.83 billion annual loss in 2024, its largest since 2020. The company cited a machinist strike, delivery delays, and charges related to commercial aircraft and defense programs as major factors impacting its financial performance. CEO Kelly Ortberg expressed optimism about a turnaround, projecting cash-flow positivity in the second half of 2025 and increased 737 Max deliveries.

abcnews.go.com

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Jan 3, 16:09

FAA Demands Cultural Shift at Boeing After 737 Max Panel Blowout

Following a Boeing 737 Max panel blowout in January 2023, the FAA chief demanded a cultural shift at Boeing prioritizing safety over profits, while implementing stricter oversight including grounding 737 Max jets and increasing factory inspections; Boeing is working on improvements, but the process ...

FAA Demands Cultural Shift at Boeing After 737 Max Panel Blowout

Following a Boeing 737 Max panel blowout in January 2023, the FAA chief demanded a cultural shift at Boeing prioritizing safety over profits, while implementing stricter oversight including grounding 737 Max jets and increasing factory inspections; Boeing is working on improvements, but the process ...

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Industry, Innovation, and Infrastructure

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What long-term impacts could this incident have on the aviation industry's regulatory landscape and Boeing's future?

The incident's long-term effects include a potential reevaluation of regulatory oversight of aircraft manufacturers, possibly leading to stricter standards and more rigorous inspections. Boeing's success in implementing its safety improvements and restoring public trust will significantly impact its future market position and profitability. The ongoing investigation by the NTSB holds implications for future design and maintenance practices.

Showing 13 to 24 of 33 results