Latest news with #U.S.FederalAviationAdministration
Yahoo
29-05-2025
- Business
- Yahoo
Boeing CEO says he wants to crank up 737 MAX production rate through rest of year
By Dan Catchpole (Reuters) -Boeing aims to increase production of its best-selling 737 MAX jets to 42 aircraft per month in the next few months and to boost output to 47 a month in early 2026, Chief Executive Kelly Ortberg said on Thursday. The U.S. planemaker's share price jumped 5% after Ortberg said at the Bernstein Strategic Decisions conference that he hoped to have production at 47 a month by the end of 2025. A few minutes later, he corrected his comments, saying that he expects the company to be getting ready to increase production to that level by the end of the year, not reach that level. Boeing is trying to stabilize production at 38/month, where it was capped by the U.S. Federal Aviation Administration in 2024 after a midair accident put the planemaker's safety and production quality program under new scrutiny. Production defects on the 737 program are down by 30%, he said. "Virtually every one of our customers is reporting a higher quality of airplane at delivery." Increasing production is critical to getting Boeing back to being cash positive, which Ortberg has previously said he expects to achieve in the second half of the year. It burned through $2.3 billion in cash during the first quarter. "I think the financial performance will follow the production performance of the company, and I think we need to think about it that way," Ortberg said. The company is making progress on certifying the smallest and largest MAX variants with the U.S. Federal Aviation Administration, he said. The MAX 7 and MAX 10 have been delayed in part due to concerns with the engine de-icing system. The company should finish critical testing of its fix by July, allowing time to certify the aircraft by the end of the year, he said. Boeing's backlog includes nearly 1,200 orders for the 737 MAX 10 and 332 orders for the MAX 7. Ortberg also said that Chinese airlines are set to resume taking deliveries of Boeing aircraft in June. China had stopped taking deliveries in April in retaliation to tariffs imposed by President Donald Trump. Boeing expects the impacts of the tariffs to be less than $500 million, he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Boeing aims to crank up 737 MAX production to 47 a month by year end, CEO says
(Reuters) - Boeing CEO Kelly Ortberg said on Thursday that he wants to crank 737 MAX production up from mid-30s a month now to 47 by the end of the year. Speaking at a Bernstein conference, he said that the company aims to increase production of its best-selling airplane to 42 a month "by midyear." Boeing 737 production currently is capped at 38 a month, a limit imposed by the U.S. Federal Aviation Administration in 2024 after a midair accident put the planemaker's safety and production quality program under new scrutiny. Ortberg also said that Chinese airlines are set to resume taking deliveries of Boeing aircraft in June. China had stopped deliveries in April in retaliation to tariffs imposed by President Donald Trump. (This story has been refiled to add dropped words in the headline)
Yahoo
29-05-2025
- Business
- Yahoo
Boeing CEO says aims to crank up 737 MAX production to 47 a month by year end
By Dan Catchpole (Reuters) - Boeing CEO Kelly Ortberg said on Thursday that he wants to crank 737 MAX production up from mid-30s a month now to 47 by the end of the year. Speaking at a Bernstein conference, he said that the company aims to increase production of its best-selling airplane to 42 a month "by midyear." Boeing 737 production currently is capped at 38 a month, a limit imposed by the U.S. Federal Aviation Administration in 2024 after a midair accident put the planemaker's safety and production quality program under new scrutiny. Ortberg also said that Chinese airlines are set to resume taking deliveries of Boeing aircraft in June. China had stopped deliveries in April in retaliation to tariffs imposed by President Donald Trump. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
29-05-2025
- Automotive
- Business Standard
Boeing targets year-end certification for 737 MAX 7 and MAX 10 jets: CEO
Boeing expects to finish certification of its best-selling 737 MAX family by the end of the year, CEO Kelly Ortberg said in an interview with trade publication Aviation Week published on Wednesday. The company has been trying for several years to gain certification for the smallest and largest MAX variants from the U.S. Federal Aviation Administration. The MAX 7 and MAX 10 have been delayed in part due to concerns with the engine de-icing system. Ortberg told Aviation Week that the U.S. planemaker hopes to finish certification this year, clearing the way to start deliveries of the MAX 7 and MAX 10, "two airplanes that are very, very important to our customers and our backlog.� Boeing's backlog includes nearly 1,200 orders for the 737 MAX 10 and 332 orders for the MAX 7. United Airlines Chief Commercial Officer Andrew Nocella this month told reporters that the company does not expect to take delivery of MAX 10s until 2027 at the earliest. Alaska Airlines officials have said they do not expect to receive the variant until at least mid-2026. Ortberg also said in the Aviation Week interview that Boeing was making progress on certifying the 777-9, the company's largest jetliner in production. When the program was announced in 2013, Boeing planned to start deliveries in 2020. However, it is still in flight testing. Ortberg has previously said publicly that he expects deliveries to start next year.
Yahoo
22-05-2025
- General
- Yahoo
In 'horrific' scene, small jet crashes in San Diego military neighborhood
May 22 (UPI) -- A small jet plane crashed near a military housing neighborhood outside San Diego but the number of onboard fatalities is not yet known. The incident was reported around 3:45 a.m. local time in the 3100 block of Salmon Street near the Tierrasanta neighborhood in the Murphy Canyon area. According to the U.S. Federal Aviation Administration, the aircraft was a Cessna 550, which often is used as a corporate jet. One local resident was hospitalized and two others were treated for minor injuries, the San Diego Police Department reported. It added that the plane crashed near California's Montgomery-Gibbs Executive Airport after it took off Wednesday night from New Jersey's Teterboro Airport, according to flight data on FlightAware. It reportedly landed early Thursday morning in Wichita, where it stayed in Kansas for about an hour before it departed for California. The Cessna struck homes and caused about 15, along with several cars, to catch fire, San Diego Fire-Rescue Department Assistant Chief Dan Eddy told reporters at the crash site. "The number of people on board is unknown at this time," the agency initially said, adding the FAA and National Transportation Safety Board will investigate the cause of the deadly crash. "The NSTB will lead the investigation and provide any updates," FAA officials said. "This information is preliminary and subject to change," they warned. Eddy said the were no on-ground fatalities but the plane could have held up to 10 people, including its pilot. According to SDFD officials, the crash scene is now a HAZMAT situation because of aviation fuel flowing down the streets, forcing multiple neighborhoods to be evacuated. San Diego Police Chief Scott Wahl said there was "jet fuel going down the street and everything on fire all at once." He added that it was "pretty horrific to see." Meanwhile, at least a dozen local pets were rescued or decontaminated by the San Diego Humane Society after the crash in the Murphy Canyon area. "On behalf of our city, I extend my condolences to the families and loved ones of those aboard the plane," San Diego Mayor Todd Gloria said in a statement, expressing his "deepest" gratitude to scores of agencies for their "swift, coordinated responses" that "quickly evacuated residents, extinguished fires and secured the area to ensure this tragedy was not compounded." "San Diego will support the Navy as they assist the residents affected by this tragedy," the mayor said.
