Arab Press

بالشعب و للشعب
Thursday, Apr 18, 2024

Boeing warns of 737 Max delays over quality problem

Boeing warns of 737 Max delays over quality problem

Boeing shares have tumbled more than 6% after the US plane-maker disclosed a manufacturing issue affecting its 737 Max planes.
The aviation giant said a supplier had revealed that the installation of fittings on the rear of the planes did not follow the standard.

Boeing said the problem was not an "immediate safety of flight issue".

But it warned it could lead to delivery delays.

"We regret the impact that this issue will have on affected customers and are in contact with them concerning their delivery schedule," the company said in a statement.

The latest problem comes as Boeing has been under intense scrutiny since two accidents in 2018 and 2019 involving its 737 Max planes killed 346 people.

Authorities said the accidents were triggered by design flaws in its flight control software. Boeing ultimately agreed a $2.5bn settlement with US authorities, who had accused the firm of concealing information from regulators about updates to the system.

Thomas Hayes, chairman and managing member at Great Hill, said investors may be over-reacting to the current issue.

Shares in Spirit Aerosystems, Boeing's supplier, also plunged more than 20% on Friday, following the disclosure.

But, he added, "I can understand why it's a shoot first and ask questions later because Boeing has impaired their trust with investors over the constant and repeated errors over the last few years."

Boeing's 737 Max was grounded for more than a year following the accidents.

The company has also faced a series of supply issues as it tries to emerge from the cloud cast by that scandal and ramp up production.

In February, the firm was forced to halt deliveries of its widebody 787 Dreamliner due to a problem with its data analysis. US transportation regulators cleared Boeing to resume deliveries last month.

Boeing said a "significant number" of undelivered jets in production and in storage were affected by the new issue, which affects 737 Max family of airplanes, including the Max 7, Max 8 and Max 8200 airplanes, in addition to is P-8 Poseidon maritime surveillance aircraft. Some planes involved are already in service.

The company said it was working with regulators to conduct inspections and replace fittings "where necessary".

"This is not an immediate safety of flight issue and the in-service fleet can continue operating safely," the company said.

Delivery delays from Boeing could worsen problems at airlines, which have have been scrambling to upgrade their fleets as demand for air travel soars.

Southwest Airlines, one of Boeing's big customers, said it expected its orders to be delayed by the new issue, while United Airlines said it did not expect to be affected.

American Airlines said it was still working to understand the impact.
Comments

Oh ya 1 year ago
Flying in a Boeing is sort of a death wish nowdays

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
PM Modi Announces Opening Of New CBSE Office In Dubai
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Facebook and Instagram Ban Iran's Supreme Leader
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
The Saudi Kingdom's Ultimatum to Israel: A Win-Win Peace with Saudi Arabia and the Arab World, or a Lose-Lose Continued Occupation and Endless Conflict
Biden condemns anti-Arab hate after WSJ opinion piece calls Dearborn ‘jihad capital’
Turkey Releases Seven Hostages Captured by Pro-Gaza Gunman
Arab Parliament Commends Women's Contributions to Societal Development
British and Hungarian Foreign Ministers visited Lebanese leaders to stress the importance of enacting UN Resolution 1701
Yemen's Houthis Say They Targeted British Merchant Vessel In Red Sea
Donald Trump Nominated for Nobel Peace Prize for 'Historic' Middle East Policy
US lawmakers approve F-16 jet sale to Turkey following NATO expansion support
Saudi Arabia Climbs 25 Places in World Bank's National Statistics Indicator
Tourism Growth in Saudi Arabia Fuels Advancements in the Hospitality Industry," Says Rotana Official
Houthi Rebels Request Departure of UN Staff from Yemen, Including US and UK Personnel, within a Month
Modi Inaugurates Hindu Temple on Site of Demolished Mosque in India
Over 25,000 Deaths in Gaza Amid Israeli Offensive
Escalating Clashes in Gaza as Israel Distributes Leaflets to Assist in Locating Hostages
Turkey's First Astronaut Set to Launch for International Space Station Today
Head of Palestinian Investment Fund Warns More People May Die of Hunger Than War in Gaza
Palestinian Envoy Criticizes UK for Alleged 'Double Standards' in Policies Toward Israel
Morocco to Lead UN Human Rights Council in 2024
Is artificial intelligence the solution to cyber security threats?
Egypt has been identified as the leading military force among Arab nations and ranks 15th globally
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Iranian Nobel Laureate Narges Mohammadi Receives Additional Prison Sentence
"Gazans Urge Israeli Forces to Target Hamas in Leaked Audio"
Biden States US and UK Airstrikes on Houthis Were a 'Defensive Action
Large Pro-Palestine Rally in London as Gaza Conflict Hits Day 100
South Africa Urges World Court to Halt Israeli Actions in Gaza
×