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Coronavirus impact: Boeing reports big loss, hints at more job cuts
The aerospace giant suffered a $2.4 billion second-quarter loss, reflecting the hit from much lower commercial plane deliveries as airlines suspend purchases due to falling consumer demand.
Boeing’s India ops to be largest outside US
Boeing currently employs 3,500 people in India, and over 7,000 people work with its supply chain ...
SpiceJet inducts two Airbus A320 aircraft
SpiceJet, which has been struggling due to grounded Boeing 737 MAX airplanes, is looking at option ...
Boeing to cut staff, plane output after big Q1 loss
The aerospace giant plans to reduce its workforce by 10 percent through a combination of voluntary and involuntary layoffs and will slash production of its main commercial planes, including the 787 and 777, Chief Executive David Calhoun said in a message to employees that accompanied an earnings release.
SpiceJet to strengthen management team as Shilpa Bhatia set to rejoin
Bhatia has been with SpiceJet as its chief of sales and revenue for few years before moving to IndiGo as its chief sales and revenue officer last year. She quit the firm this month. "We are expecting her to join in February" a person aware of the matter who did not wished to be named said, "There are likely to be some other shuffle too including reporting changes."
India plans to conduct its own checks on Boeing 737 Max Jets
India plans to start its own checks even if U.S. Federal Aviation Administration declares the aircraft fit to fly.
Boeing executives called DGCA 'fools', 'stupid' during 737 Max plane's approval process in 2017: Documents
Boeing staffers used terms like "fools" & "stupid" for DGCA during Max's approval process, documents show.
Damning Boeing employee messages say Max 'designed by clowns'
The communications threaten to upend Boeing’s efforts to rebuild public trust in the 737 Max
Domestic passenger traffic growth may dip to six-year low: Icra
Excluding Air India, the rest of the industry is expected to report net loss of around Rs 1,500 crore in the fiscal with a total debt of around Rs 7,000 crore as on March 31, 2020, it said in a statement.
DGCA awaiting FAA's certification to allow Boeing 737 Max to fly in India
Civil Aviation Minister Hardeep Singh Puri in a written reply in Rajya Sabha said that "18 Boeing 737 Max aircraft are grounded in the country, out of which 13 are from SpiceJet and five are from Jet Airways".
Indian IT firms unfairly targeted in Boeing 737 Max fiasco, says industry
HCL Technologies and Cyient said they were not involved in the design of the Manoeuvering Characteristics Augmentation System (MCAS).
Boeing's 737 Max software outsourced to Rs 620-an-hour engineers
Based on resumes posted on social media, HCL engineers helped test the Max software.
SpiceJet loss widens 'due to new accounting norms'
The private carrier's losses widened despite it posting a 52% increase in second quarter operational revenue to 2,845.3 crore as it added more destinations and expanded its fleet of passenger and freighter aircraft.
Aviation sector to be severely affected if demand collapses due to coronavirus: Ajay Singh
Coronavirus will have repercussions on the larger economy and on businesses because a lot of factories in India are dependent upon parts that are being sourced from China, says the CMD of SpiceJet.
Boeing finds debris in fuel tanks of many undelivered 737 MAX jets inspected so far
Boeing found debris in the fuel tanks of about 35 aircraft, a company spokesman confirmed on Friday. A person familiar with the matter told Reuters that more than 50% of the undelivered 737 MAX jets inspected thus far have had debris found in them.