Boeing stock slides
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The head of Air France-KLM voiced confidence in the Boeing 787 Dreamliner as he expressed condolences to Air India and those affected by the deadly crash of a London-bound passenger jet in Ahmedabad on Thursday.
Boeing Co. Chief Executive Officer Kelly Ortberg finds himself in a familiar role — facing another crisis — this time a crash involving the company’s marquee 787 Dreamliner jet in India that killed more than 240 people.
A London-bound Air India plane carrying more than 240 people crashed shortly after takeoff Thursday. Authorities said there were no known survivors.
The crash happened just weeks after the company cut a deal with the U.S. government to avoid taking criminal responsibility for a pair of deadly crashes in 2018 and 2019.
Boeing’s Air Force One project has fallen years behind schedule and billions of dollars over budget amid continued labor and design hiccups. The Government Accountability Office said in a report this week “ongoing design issues,
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Shares of oil companies and defense contractors rise after Israel launched an attack on Iran’s nuclear facilities.
Vietnam's newly established Sun PhuQuoc Airways will initially operate Airbus's narrow-body aircraft, including the A321neo, it said on Friday.