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Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAX

11 hours ago DieselGasoil Comments Off on Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAX
(Reuters) – Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes Read More

Boeing withdraws 2019 financial forecast & pauses share buybacks amid mounting concerns over 737 MAX

11 hours ago DieselGasoil Comments Off on Boeing withdraws 2019 financial forecast & pauses share buybacks amid mounting concerns over 737 MAX
The yet unresolved issues surrounding Boeing’s once best-selling 737 MAX aircraft have forced the world’s biggest aerospace corporation to pull its full financial forecast for the current year. Moreover, Boeing announced plans to pause share buybacks, citing “a challenging time for our customers, stakeholders and the company.” “Across the company, we are focused on safety, Read More

Drydocks World completes 5th project for the Arabian Gulf

11 hours ago DieselGasoil Comments Off on Drydocks World completes 5th project for the Arabian Gulf
4/24/2019 AQAM installation, offshore Middle East. Photo: Drydock World. DUBAI — Drydocks World, service provider to the marine, offshore, oil, gas and renewable energy sectors, has completed the 5th wellhead platform AQAM for TechnipFMC and end-client Dubai Petroleum. The topside is an oil and gas processing module weighing 900 t, designed for unmanned offshore operation Read More

Boeing abandons financial outlook, stops buybacks after 737 MAX groundings

13 hours ago DieselGasoil Comments Off on Boeing abandons financial outlook, stops buybacks after 737 MAX groundings
(Reuters) – Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and announced $1 billion in increased costs due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Read More

Indonesia inks deal to purchase modern amphibious armored vehicles from Russia

1 day ago DieselGasoil Comments Off on Indonesia inks deal to purchase modern amphibious armored vehicles from Russia
Indonesia has ordered a batch of amphibious armored vehicles from Russia to enhance the capabilities of its marines and replace ageing Soviet-era machines, operated by the military. The contract was signed in the capital city of Jakarta on Monday, according to Russian state weaponry exporter, Rosoboronexport. Indonesian military is expected to get 21 BT-3F and Read More

Boeing 737 MAX joint governmental review will begin April 29: FAA

5 days ago DieselGasoil Comments Off on Boeing 737 MAX joint governmental review will begin April 29: FAA
FILE PHOTO: A 737 Max aircraft is pictured at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson/File Photo WASHINGTON (Reuters) – The U.S. Federal Aviation Administration said Friday that a joint governmental review of the now grounded Boeing 737 MAX will begin on April 29 and will include 9 other aviation Read More

Air Canada pilots reviewing aircraft systems on Boeing’s MAX jets

6 days ago DieselGasoil Comments Off on Air Canada pilots reviewing aircraft systems on Boeing’s MAX jets
FILE PHOTO – An Air Canada Boeing 737 MAX 8 from San Francisco approaches for landing at Toronto Pearson International Airport over a parked Air Canada Boeing 737 MAX 8 aircraft in Toronto, Ontario, Canada, March 13, 2019. REUTERS/Chris Helgren (Reuters) – Air Canada said on Thursday its Boeing Co 737 MAX pilots were reviewing Read More

Boeing 737 MAX software upgrade ‘operationally suitable’: FAA panel

1 week ago DieselGasoil Comments Off on Boeing 737 MAX software upgrade ‘operationally suitable’: FAA panel
(Reuters) – A review by a U.S. Federal Aviation Administration panel into Boeing Co’s grounded 737 MAX aircraft found a planned software update and training revisions to be “operationally suitable,” the agency said Tuesday, an important milestone in getting the planes back in the air. FILE PHOTO: A Boeing 737 MAX 8 sits outside the Read More

FAA panel finds Boeing 737 MAX software upgrade ‘operationally suitable’

1 week ago DieselGasoil Comments Off on FAA panel finds Boeing 737 MAX software upgrade ‘operationally suitable’
FILE PHOTO: A Boeing 737 MAX 8 takes off during a flight test in Renton, Washington, January 29, 2016. REUTERS/Jason Redmond/File Photo (Reuters) – A Federal Aviation Administration review board said on Tuesday that a software update to the grounded Boeing 737 MAX aircraft was found to be “operationally suitable.” Boeing said earlier this month Read More