Boeing is preparing to install a modified battery system for flight tests in a 787 in anticipation of the FAA approving its redesign plan, which the manufacturer hopes could come by March 6. At the same time, the airframer is steeling itself for a lengthy test and qualification period, with regulators already emphasizing the need …
Beechcraft, formerly Hawker Beechcraft, with headquarters and major manufacturing facilities in Wichita, Kansas, announced on February 19 that it has formally emerged from Chapter 11 after securing long-term financing that ends the bankruptcy process. The company’s Joint Plan of Reorganization was approved by the U.S. Bankruptcy Court for the Southern District of New York on …
SYDNEY—Qantas Airways Ltd. QAN.AU +2.79% said its first-half profit more than doubled, as compensation payments from Boeing Co. BA +0.17% for late plane deliveries masked an otherwise weak operating performance. Even so, investors took heart from a sharp narrowing in losses at the company’s international unit as an aggressive turnaround strategy that has led the …
Boeing Co stood by the troubled lithium-ion battery technology that this month grounded its new, high-tech 787 Dreamliner and said on Wednesday that the grounding had no significant impact on its 2013 financial forecast.It’s “business as usual,” CEO Jim McNerney said as the Chicago company posted market-beating profits for the fourth quarter.Responding to revelations that …
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