New delay in 777X swells massive Boeing loss in 2020, the largest in its history
A huge write-off on the 777X came as a surprise, adding to the toll of Boeing's 737 MAX crisis and the COVID-19 pandemic. CEO Dave...
Alaska Air, after $1.3B loss last year, forecasts strong recovery this year
Alaska Air Group last year lost $1.3 billion, including $430 million in the fourth quarter. It has accepted extended payroll support from the government through...
Lawyers advise Ethiopian Airlines against ‘financially disastrous’ settlement offer by Boeing over 737 MAX crash
Ethiopian Airlines is considering a settlement offer from Boeing for economic damages suffered following the fatal 2019 crash of a 737 MAX jet. Lawyers for...
Electric aviation startup MagniX opens new headquarters and production facility in Everett
Local aviation startup MagniX, which is developing electric motors to power small commuter airplanes, is consolidating its operations at a new 40,000 square foot facility...
Alaska Airlines tightens security on flights ahead of inauguration
Alaska Airlines will implement new temporary security measures on its flights, particularly those headed to Washington, D.C., to head off potential unruly behavior by passengers.
Boeing to pay $25M to settle fraud case at drone unit Insitu that sparked whistleblower complaint
Boeing's Washington state-based drone unit, Insitu, will pay $25 million to settle a DOJ case alleging fraud on U.S. military contracts. The whistleblower whom Boeing...
Boeing’s 2020 production fell to lowest level in almost 50 years
U.S. aerospace leader Boeing delivered just 157 jets last year — down from a record 806 jets in 2018 — and lost more than 1,000...
After Airbus finished last year far ahead of Boeing, CEO is optimistic for 2021
Airbus delivered 566 commercial jets in 2020 and won net orders for 268 jets. It far outstripped rival Boeing in both categories.
Boeing to pay $244 million penalty to settle fraud charges tied to 737 MAX crashes
In a settlement totaling $2.5 billion to defer prosecution and resolve a criminal charge related to the certification of the 737 MAX, Boeing will pay...
Boeing to close its storied Seattle manufacturing R&D center
In yet another sign of Boeing's shrinking local footprint, the jetmaker plans to shutter its advanced manufacturing research and development center located across the road...