Boeing argued that the exemption would enable quicker certification and delivery of the 737 MAX 7 and 737 MAX 10 aircraft.
BA stock, with -32% returns since the beginning of 2024, has significantly underperformed the S&P 500 index, up 27%.
Boeing CEO Kelly Ortberg said the company was “seeing encouraging signs” as it tries to turn around following a rough 2024.
Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.
Elon Musk pushed Federal Aviation Administration Chief Michael Whitaker from his post just 10 days before the deadly plane and Black Hawk helicopter crash over Washington, DC.
Mike Whitaker, unanimously confirmed as the FAA administrator in October 2023, stepped down early from his five-year term on Jan. 20 when Trump took office and for 10 days the FAA declined to say who was running the agency on an acting basis. Trump has not yet named a permanent candidate to replace Whitaker.
The FAA initiated the rulemaking process to avert serious injuries to seated occupants on the seats of Boeing 787-8, 787-9, and 787-10 aircraft.
Boeing posted weaker-than-expected Q4 2024 earnings as labor strikes and defense program charges weighed heavily on its results.
Boeing posted a roughly $4 billion loss for the fourth quarter, according to preliminary results last week. The company has taken charges that span its defense and commercial airplane units. CEO Kelly Ortberg is set to detail the company's next steps after safety and manufacturing crises.
On today’s briefing we talk about DeepSeek’s impact on travel, AirAsia Move’s new chairman, and Boeing’s sunny take on cloudy earnings.
Musk has publicly clashed with the FAA and its former chief, Michael Whitaker. The Federal Aviation Administration is facing its first major aviation disaster in 16 years without a leader because Elon Musk helped push him out.