Latest news with #Boeing737Max9
Yahoo
29-05-2025
- Business
- Yahoo
FAA extending program allowing Boeing to perform tasks on agency's behalf
The Federal Aviation Administration (FAA) said Thursday it would renew a program that allows Boeing to perform tasks on behalf of the agency for three years. Boeing's Organization Designation Authorization (ODA) will become effective on June 1. 'Before making the decision, the FAA closely monitored specific criteria and saw improvements in most areas. Criteria included implementing policies prohibiting interference with ODA unit members; assessing the ODA unit's ability to effectively self-audit and ensure follow-through of post-audit activities; and monitoring the ODA unit's ability to complete projects independently,' the FAA said in a statement announcing the agreement. 'The FAA will continue to closely monitor Boeing's performance throughout its renewal period,' it added. The move follows months of scrutiny due to concerns about the aviation manufacturer's safety standards after a midair accident took place on a Boeing 737 Max 9 last year. A door on an Alaska Airlines flight flew open, and a later investigation revealed the incident was caused by the absence of four missing bolts. Since then, whistleblowers have stepped forward alleging the company prioritized speed over quality in production stages. The FAA said it would continue 'aggressive oversight' of Boeing under the renewed program and opted to extend ODA for three years instead of the proposed five-year agreement. 'We remain committed to working under the agency's detailed and rigorous oversight,' a Boeing spokesperson said in a statement. 'We have taken purposeful steps to strengthen our ODA program over the past three years in alignment with FAA requirements, and we will continue those improvements.' In May, the Department of Justice (DOJ) dropped its case against Boeing after the company agreed to a deal to resolve two 737 Max plane crashes in 2018 and 2019, respectively, killing 346 people. Under the terms, Boeing would pay or invest more than $1.1 billion, including an additional $445 million for the crash victims' families. However, senators say the company should be held to a higher standard. 'Whistleblowers, the Federal Aviation Administration (FAA), and the National Transportation Safety Board (NTSB) have indicated that a dysfunctional safety culture persists at the company, even as Boeing executives evade blame for the company's failures while pocketing millions in pay and bonuses,' Sens. Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) wrote in a letter to Attorney General Pam Bondi before the deal was complete. They said 'manufacturing errors and defects in Boeing aircraft are not one-offs.' Despite criticism of the company's culture and handling of the fatal crashes, DOJ officials have lauded their deal with Boeing. 'Ultimately, in applying the facts, the law, and Department policy, we are confident that this resolution is the most just outcome with practical benefits,' a Justice Department spokesperson said in a statement to The Associated Press. 'Nothing will diminish the victims' losses, but this resolution holds Boeing financially accountable, provides finality and compensation for the families and makes an impact for the safety of future air travelers.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Mayor
19-05-2025
- Business
- Business Mayor
Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal
A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport. Eric Thayer | Bloomberg | Getty Images The Justice Department and Boeing are close to a deal that would allow the aerospace giant to avoid pleading guilty or a trial in a criminal case related to two deadly crashes of its 737 Max passenger jet, a person familiar with the matter said Friday. Boeing agreed to plead guilty in the case last summer in a deal with the Justice Department after the Biden administration found earlier that year that the company violated a 2021 agreement tied to the crashes. A judge rejected that plea deal last year, citing concerns about diversity, equity and inclusion, and opened the possibility that Boeing could face trial. The fraud charge stems from Boeing's development of the 737 Max. The U.S. had accused Boeing of misleading regulators about its inclusion of a flight-control system on the Max that was later implicated in the two crashes. Boeing Co. 737 Max fuselages at the company's manufacturing facility in Renton, Washington, US, on Tuesday, April 15, 2025. Bloomberg | Bloomberg | Getty Images A final, nonprosecution agreement hasn't been reached yet, said the person, who was speaking on condition of anonymity to discuss ongoing negotiations. The Justice Department didn't immediately comment, and Boeing declined to comment on the matter. Under the new agreement, Boeing could pay family members of victims of the two Max crashes. In total, the two crashes of the bestselling Boeing jet killed all 346 people on board the planes. The new tentative agreement, which was reported earlier Friday by Reuters, would mean Boeing wouldn't be labeled a felon. That label could have come with restrictions on defense contractor work. Boeing is the country's biggest exporter and, in addition to making commercial jetliners, it's a major defense contractor. The Trump administration recently awarded the company a multibillion-dollar contract to build a next-generation fighter jet. READ SOURCE
India.com
14-05-2025
- Business
- India.com
Mukesh Ambani once gifted a luxurious private Jet to wife Nita Ambani, it comes with a master bedroom, jacuzzi and..., it costs Rs...
Mukesh Ambani once gifted a luxurious private Jet to wife Nita Ambani, it comes with a master bedroom, jacuzzi and..., it costs Rs... Mukesh Ambani, the chairman of Reliance Industries, is not only one of the richest men in the world but also a devoted husband. His wife, Nita Ambani, is well-known for her elegance, philanthropic efforts and role as a non-executive director at Reliance. The two are seen as a power couple not just in the business world but also in social circles. Their bond has only grown stronger with time, and Mukesh Ambani often expresses his deep respect and affection for Nita through meaningful gestures. One such gesture that left everyone speechless was when Mukesh Ambani gifted Nita a luxury private jet, yes, a full-fledged aircraft just for her! The gift was not just grand in gesture, but also in value. According to reports, this private jet cost around Rs. 230 crore (over USD 27 million). This isn't just any regular jet. The aircraft is loaded with top-of-the-line features and luxurious amenities to ensure Nita Ambani travels in ultimate comfort and style. From plush seating and high-end interiors to a sky lounge and meeting rooms, the jet is practically a flying five-star hotel. It's designed in such a way that she can conduct business, relax, or even host meetings mid-air without any inconvenience. As per reports, the stunning interiors of this private jet can carry 10-12 passengers at a time. The most stunning part is its master bedroom along with an attached washroom, ensuring Nita Ambani's comfort and convenience during the travels. What makes this story more heartwarming is the intent behind it. Mukesh Ambani reportedly wanted Nita to have a comfortable, secure, and luxurious way to travel, whether for business or family commitments. The gift reflects not just his wealth, but the love and admiration he holds for his wife. Nita Ambani, known for her humility and grace, continues to use her platform to contribute to education, sports, and cultural initiatives. And with such a thoughtful gift from her husband, it's clear their partnership is built on mutual respect and love 4something money can't buy. Meanwhile, Mukesh Ambani Boeing 737 Max 9 to his magnificent aircraft collection. One of India's most expensive private jets, the aircraft has a cutting-edge technology and powered by LEAP-18 engines.
Miami Herald
09-04-2025
- Business
- Miami Herald
Boeing deliveries this year keep up with pre-blowout rates
Boeing delivered 41 airplanes last month, bringing its total deliveries for the first quarter of the year to 130, the company said Tuesday. That's in line with its performance for the first two months of this year and the same time period in 2023, before an in-flight safety incident at the start of 2024 upended Boeing's production cycle and plunged the company into financial and reputational uncertainty. More than a year ago, on Jan. 5, 2024, a panel blew off a Boeing 737 Max 9 plane while the aircraft was climbing into the air, leaving a hole in the side of the plane. In the first three months of 2024, shortly after the panel blowout, Boeing delivered just 83 planes. In the first three months this year, as Boeing continues on its path to recovery, the company delivered 130 aircraft, matching the exact number of deliveries from the same time period in 2023. Boeing has kept its delivery rate above 40 airplanes per month so far this year, recording 45 deliveries in January, 44 in February and 41 in March. Separately, Boeing booked 192 gross orders in March, a sharp increase from the first two months of the year and significantly higher than the monthly March average of 78 orders. Boeing booked 36 net new orders in January this year and 13 in February. All of the February orders were for the 737 Max. The March orders include 88 orders for the 737 Max, 53 orders for the 787 and 51 orders for the 777 family. The data Boeing released Tuesday does not include any potential impacts from President Donald Trump's tariffs, announced on April 2. The impact of those tariffs could appear later, though the company has said it does not expect it will be severely affected by the new duties because it sources a lot of parts from inside the U.S. and has a significant stock of inventory that it can rely on if needed. Boeing CEO Kelly Ortberg said last week at a Congressional hearing related to the panel blowout that 80% of the commercial airplanes Boeing delivers are sent outside of the United States so 'free trade is very important to us.' Analysts, meanwhile, are concerned about the impact of tariffs on the aerospace industry overall, which relies heavily on a worldwide supply chain. Agency Partners, a research firm based in the United Kingdom, said in a Monday note that 'such international dependency cannot be engineered out quickly, or perhaps ever.' If the tariffs remain in place as is, the note continued, 'this could be more disruptive to aircraft manufacturing than the pandemic.' Deliveries Of the 41 deliveries last month, 33 were 737 Maxes, Boeing said Tuesday. That's inching closer to the Federal Aviation Administration's production cap of 38 Max planes per month. But some of those 33 Maxes delivered in March may have been aircraft that were nearly done and waiting in the factory for some time before rolling out to customers. Boeing doesn't disclose the breakdown of those planes so it's hard to tell exactly how close Boeing is to the 38 per month threshold. Ortberg reiterated again this month that the company would not seek permission to move the production rate above 38 planes per month until it was sure it could do so safely, using a series of metrics it laid out in a safety and quality plan submitted to the FAA. 'I'm not pressuring the team to go fast. I'm pressuring the team to do it right,' Ortberg said at a hearing before the Senate Committee on Commerce, Science and Transportation to discuss company changes since the panel blowout. Of the 33 Max planes delivered last month, Southwest and United both received six, while Alaska, American and aircraft leasing company BOC Aviation each received three. In March, Boeing also delivered four 787s and four 777 freighters. So far this year, Boeing has delivered 105 planes from the 737 family, including 104 Maxes, as well as 13 787 planes, five 767s and seven 777s. Orders Adjusting for strict accounting standards that move orders in and out of Boeing's extensive backlog and 29 cancellations, the company booked 161 net orders. Its backlog grew from 5,528 at the end of February to 5,648 as of March 31st. Of the 192 gross orders booked in March, BOC Aviation ordered 50 Max planes and Japan Airlines ordered 17. The other 21 Max orders are unidentified. Korean Air placed an order for 20 777X planes and 20 787 widebodies. FedEx ordered eight 777 freighters. The remaining orders - three 777 freighters, 20 777X and 33 787s - are unidentified. Through the end of March, Boeing recorded 241 gross orders. Adjusting for accounting standards and cancellations, it booked 221 net orders. Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Al Bawaba
28-03-2025
- Entertainment
- Al Bawaba
The most expensive private jets owned by celebrities – A look at their flying palaces
These aircraft are flying castles in the sky, complete with opulent seating, entertainment systems, and even bedrooms. In addition to increasing their status, owning a private aircraft allows them to travel the world with ease and saves time. Let's examine the ten priciest private aircraft that celebrities around the world own! 1. Drake's $185 million Boeing 767 Rapper Drake, from Canada, is the owner of the massive Boeing 767, which he famously calls "Air Drake." This luxurious jet, which has been customized with leather seats, plush interiors, and high-end amenities, is valued at $185 million. It provides the highest level of comfort for the artist's overseas trips. 2. Gulfstream 6650ER ($150 million) and Kim Kardashian The $150 million Gulfstream 6650ER belongs to celebrity TV personality and business magnate Kim Kardashian. The luxurious seats, superb privacy, and all-beige interior of this plane allow her to tour the world in elegance. 3. Gulfstream III by Tyler Perry ($125 million) Actor and filmmaker Tyler Perry has a Gulfstream III private jet worth $125 million. With a movie theater, meeting rooms, and comfortable seats, the jet is one of the most expensive celebrity planes. 4. Boeing 737 Max 9 ($118 million) owned by Mukesh Ambani Mukesh Ambani (Photo by Punit PARANJPE and Punit PARANJPE / AFP) Indian billionaire Mukesh Ambani owns a Boeing 737 Max 9 for $118 million. This aircraft resembles a flying palace with its private room, business office, and cutting-edge security features. 5. Boeing 757, owned by Donald Trump ($100 million) the Boeing 757 owned by US President Donald Trump, which is worth $100 million. With its private bedroom, top-of-the-line entertainment system, and gold-plated decor, it provides the ultimate in luxury. 6. Gulfstream G550 ($78 million) owned by Elon Musk The CEO of Tesla and SpaceX, Elon Musk, takes trips on his $78 million Gulfstream G550. This aircraft's ultra-fast flight, state-of-the-art technology, and comfort enable Musk to efficiently run his global businesses. 7. Gulfstream 700, owned by Oprah Winfrey ($75 million) Oprah Winfrey, a well-known media figure and multibillionaire, owns a luxurious Gulfstream 700 worth $75 million. This ultra-modern jet's spacious interiors, plush seating, and first-rate facilities allow her to fly in complete luxury and privacy for both work and leisure purposes. 8. Gulfstream G650, owned by Dwayne Johnson ($65 million) Dwayne "The Rock" Johnson, a Hollywood tycoon, owns a Gulfstream G650 worth $65 million. This private plane ensures a smooth and comfortable journey for him when he travels for filming and promotional engagements. 9. Kylie Jenner, $73 million; Bombardier Global Kylie Jenner, the youngest Kardashian-Jenner billionaire, owns a $73 million Bombardier Global company. Her private jet boasts a stylish pink interior, comfortable couches, and a private bedroom. 10. Taylor Swift's $54 million Dassault Falcon 7X Pop sensation Taylor Swift owns a $54 million Dassault Falcon 7X. This plane makes traveling the world easy with its opulent cabins, excellent comfort, and quick connectivity. 11. Amitabh Bachchan's $24 million Bombardier Challenger 300 The renowned Bollywood superstar Amitabh Bachchan owns a $24 million Bombardier Challenger 300. The design of this plane allows for both short- and long-distance luxury travel, ensuring comfort and convenience for the veteran celebrity.
