The Federal Aviation Administration is facing its first major aviation disaster in 16 years without a leader because Elon Musk helped push him out. Michael Whitaker stepped down as FAA administrator on January 20th,
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%.
Elon Musk pushed Federal Aviation Administration Chief Michael Whitaker from his post just 10 days before the deadly plane and Black Hawk helicopter crash over Washington, DC.
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 CEO Kelly Ortberg said the company was “seeing encouraging signs” as it tries to turn around following a rough 2024.
Elon Musk is working with Boeing on behalf of President Donald Trump in order to speed up replacements for the president’s planes, known as Air Force One, that are over budget and behind schedule.
Boeing posted weaker-than-expected Q4 2024 earnings as labor strikes and defense program charges weighed heavily on its results.
Boeing posted a roughly $4 billion loss for the fourth quarter, according to preliminary results last week. The company has taken charges that span its defense and commercial airplane units. CEO Kelly Ortberg is set to detail the company's next steps after safety and manufacturing crises.
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.
Levy, according to his website, is an accomplished airline transport pilot with an accumulation of over 4,000 hours in general aviation aircraft, 2,000 hours in military jets and transports, and well over 30,000 hours with Boeing 727, 757, 767, and 777 aircrafts.