Boeing Shutting Down Seattle Factories Due To Coronavirus
Operations would be reduced beginning Wednesday, the company said in a statement, and production would be suspended for a two weeks.
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Operations would be reduced beginning Wednesday, the company said in a statement, and production would be suspended for a two weeks.
Earlier this week, Chicago-based Boeing said it was seeking $60 billion in "public and private liquidity" for the aerospace industry, which is struggling amid a COVID-19 outbreak that has halted major travel and shuttered many businesses.
The 737 Max crisis has been the worst event in Boeing's history. At least until now.
The committee said multiple factors led to the crashes, but it honed in on a new flight-control system that pushed the nose of each plane down based on faulty sensor readings.
It's the latest problem Boeing faces as it tries to get the 737 Max back in the air.
Production of the 737 Max was suspended after two crashes that killed 346 people.
Boeing reported a net loss of $636 million last year, compared to a $10.5 billion profit it made in 2018.
Southwest Airlines said it will seek additional compensation from Boeing as the problem is expected to stretch deep into 2020.
CEO Dave Calhoun said it is important that Boeing gets the assembly line in Renton, Washington, going again sooner rather than later.
"We are currently estimating that the ungrounding of the 737 MAX will begin during mid-2020," Boeing said in a statement Tuesday afternoon.
The assembly line in Renton, Washington, has stopped building Boeing's bestselling plane, the company confirmed late Monday.
The process to getting final approval for the 737 Max to return to service has become an excruciatingly slow one, with every minor glitch getting far more attention than it would during a normal certification process.
The 737 Max was Boeing's best-selling plane until two of them crashed five months apart, killing 346 people and prompting regulators around the world the ground the plane last March.
Dave Calhoun, who began his post as CEO of Boeing Monday, sent an email to all of Boeing's employees, vowing to listen to them, customers and regulators.
The wiring issue came to light after the Federal Aviation Administration asked Boeing to audit key systems on the Max after two crashes in which new software and faulty sensors were implicated.
As part of a December audit of the plane's safety ordered by the FAA, Boeing found "previously unreported concerns" with wiring in the 737 Max.
The exact amount of money that he will leave with isn't yet clear. That will depend on his negotiations with Boeing, including how the company labels his departure — for example, was it a retirement? A resignation? A layoff?
Chairman David Calhoun will take over as CEO, effective January 13, 2020.
Boeing plans to suspend production of the 737 Max starting in January as it waits for the embattled plane to be recertified to return to service, the company announced Monday.
The head of the Federal Aviation Administration will face questions next week from a congressional panel about the agency's review of the Boeing 737 Max, which has been grounded since two crashes that killed 346 people.
Many of the lawsuits blame Boeing for not telling pilots about a new flight-control system that repeatedly pushed the nose of the plane down before it crashed shortly after takeoff, killing all 189 aboard.
On Thursday, a federal judge in Chicago approved settlements of nine lawsuits filed by families of passengers killed in a Lion Air flight that crashed off the coast of Indonesia in October 2018.
CBS 2 Morning Insider Tim McNicholas asked CBS Travel Editor Peter Greenberg some key questions about the planes.
The House Transportation Committee has been investigating two Boeing crashes, which together killed 346 people, and is also scrutinizing the Federal Aviation Administration's procedures for certifying aircraft.
Rarely has a global corporation as respected and powerful as Boeing been so humbled.
