Boeing admitted fault in the 737 Max crashes and has decided to slow production of the aircraft.
and said it was slowing production of the aircraft. The company's statement came after Friday's close.
"We now know that the recent Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents were caused by a chain of events, with a common chain link being erroneous activation of the aircraft's MCAS function," the company's statement said. "We have decided to temporarily move from a production rate of 52 airplanes per month to 42 airplanes per month starting in mid-April," the statement additionally noted.
Investors took both of these developments to mean that the grounding of the aircraft, ordered by governments around the world, may be longer than thought. A research note from Bank America Merrill Lynch,
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Boeing to cut 737 Max production rate amid growing safety concernsThe company announced Friday that it will decrease the production rate from 52 planes a month to 42.
और पढो »
American Airlines extends flight cancellations through June 5 as Boeing 737 Max remains groundedAmerican previously announced it would cancel approximately 90 flights a day through April 24.
और पढो »
American Airlines cancellations extend into June amid Boeing 737 Max groundingAmerican Airlines is extending flight cancellations into early June as Boeing's 737 Max aircraft remain grounded. The world's largest airline announced Sunday that it will cancel approximately 90 flights per day through June 5, 'in an effort to provide more certainty and avoid last minute
और पढो »
Boeing shares fall 4% after Bank of America downgrades stock on 737 Max production delaysBank of America Merrill Lynch has cut its outlook on Boeing, saying the airline manufacturer's recent troubles with its 737 are worse than expected.
और पढो »
Lion Air crash investigators looking at two American companies associated with Boeing 737 Max sensorAviation investigators are looking into two American companies that handled the sensor at the center of the Lion Air crash last year, according to multiple sources familiar with the case.
और पढो »
Additional software problem detected in Boeing 737 Max flight control system, officials sayA Boeing-led review of a stall-prevention system suspected in the deadly crashes of two of the company’s new 737 Max jetliners has detected an additional software problem that the FAA has ordered fixed before the planes are cleared to fly again.
और पढो »
Boeing Identifies Second Software Issue on 737 MAXBoeing said it has identified a second software issue it needs to fix on the 737 MAX airliner which is unrelated to the flight-control flaw implicated in the crash of two of the planes in recent months.
और पढो »
UBS is cutting its Boeing estimates in the face of the company's 737 Max crisisThe Wall Street bank cut its price target for the stock by $25 to $500 while lowering its delivery estimates for the embattled plane.
और पढो »
Boeing is considering slowing down 737 Max production if jets stay grounded: reportBoeing is reportedly looking at slowing production of its popular 737 Max jets amid mounting evidence that bad data feeding into an automated flight system played a role in two plane crashes that killed 346 people since October.
और पढो »