South Korea’s Asiana Airlines to receive $1.4 billion from creditors

South Korean creditors plan to provide 1.6 trillion won ($1.4 billion) in financial support to debt-laden Asiana Airlines, the country’s finance minister said on Tuesday, alleviating liquidity problems after a bruising month. Asiana Airlines’ biggest shareholder earlier this month said it would sell its entire stake worth 564 billion won as of Monday’s closing share price, in response to creditors’ rejection of an earlier request for support of 500 billion won. Creditors have now offered to buy


South Korean creditors plan to provide 1.6 trillion won ($1.4 billion) in financial support to debt-laden Asiana Airlines, the country’s finance minister said on Tuesday, alleviating liquidity problems after a bruising month. Asiana Airlines’ biggest shareholder earlier this month said it would sell its entire stake worth 564 billion won as of Monday’s closing share price, in response to creditors’ rejection of an earlier request for support of 500 billion won. Creditors have now offered to buy
South Korea’s Asiana Airlines to receive $1.4 billion from creditors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: seongjoon cho, bloomberg, getty images
Keywords: news, cnbc, companies, receive, industrial, airlines, asiana, 14, koreas, sell, worth, south, won, creditors, billion, kumho, air


South Korea's Asiana Airlines to receive $1.4 billion from creditors

South Korean creditors plan to provide 1.6 trillion won ($1.4 billion) in financial support to debt-laden Asiana Airlines, the country’s finance minister said on Tuesday, alleviating liquidity problems after a bruising month.

Asiana Airlines’ biggest shareholder earlier this month said it would sell its entire stake worth 564 billion won as of Monday’s closing share price, in response to creditors’ rejection of an earlier request for support of 500 billion won.

Creditors have now offered to buy Asiana Airlines’ perpetual bonds worth 500 billion won and set a credit limit of 800 billion won, among other conditions, said Minister of Economy and Finance Hong Nam-ki.

Speaking at a meeting, Hong also said creditors wanted top shareholder Kumho Industrial Co Ltd to sell its stake within this year.

State-funded Korea Development Bank, the lead creditor of Asiana Airlines — the country’s second-biggest carrier after Korean Air Lines — declined to comment.

A spokesman for the parent group of both Asiana and Kumho Industrial said it will “do its utmost” to sell Asiana Airlines, adding that it expects to sign a preliminary deal with creditors later on Tuesday.

Shares of Asiana Airlines and budget affiliate Air Busan, like those of across the industry, have been falling since crude oil prices reached six-month highs.

On Tuesday, Asiana Airlines fell 4.6 percent, whereas Air Busan lost 5.8 percent. Kumho Industrial fell 3.6 percent.

In March, auditors raised doubts about Asiana’s financial statements, after which the airline reported steeper losses and bigger debts, triggering warnings of credit-rating downgrades. Co-Chief Executive Park Sam-koo resigned to take responsibility.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: seongjoon cho, bloomberg, getty images
Keywords: news, cnbc, companies, receive, industrial, airlines, asiana, 14, koreas, sell, worth, south, won, creditors, billion, kumho, air


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United Airlines cancels all 737 Max flights through early July

United Airlines has extended cancellations of the Boeing 737 Max through early July, following similar moves by other major airlines coping with the jet’s prolonged grounding. American Airlines said Sunday it will cancel all Max flights through Aug. 19. On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United had previously cancelled Max flights through June 5. The widespread cancellations come after the Max’s anti-stall software was implicated in two fatal cras


United Airlines has extended cancellations of the Boeing 737 Max through early July, following similar moves by other major airlines coping with the jet’s prolonged grounding. American Airlines said Sunday it will cancel all Max flights through Aug. 19. On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United had previously cancelled Max flights through June 5. The widespread cancellations come after the Max’s anti-stall software was implicated in two fatal cras
United Airlines cancels all 737 Max flights through early July Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: emma newburger, katherine frey, the washington post, getty images
Keywords: news, cnbc, companies, widespread, united, cancellations, flights, aug, southwest, early, similar, software, airlines, 737, max, cancels


United Airlines cancels all 737 Max flights through early July

United Airlines has extended cancellations of the Boeing 737 Max through early July, following similar moves by other major airlines coping with the jet’s prolonged grounding.

American Airlines said Sunday it will cancel all Max flights through Aug. 19. On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United had previously cancelled Max flights through June 5.

The widespread cancellations come after the Max’s anti-stall software was implicated in two fatal crashes in Ethiopia and Indonesia since October.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: emma newburger, katherine frey, the washington post, getty images
Keywords: news, cnbc, companies, widespread, united, cancellations, flights, aug, southwest, early, similar, software, airlines, 737, max, cancels


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Stocks moving after hours: J.B. Hunt, AT&T, American Airlines and more

Check out the companies making headlines after the bell:Shares of J.B. Hunt sank more than 4% in extended trading Monday following the release of the transportation company’s first-quarter results. J.B. Hunt reported earnings per share of $1.09 on revenue of $2.09 billion. Wall Street was looking for earnings per share of $1.26 on revenue of $2.21 billion, according to Refinitiv. Shares of AT&T dipped negative after market close Monday following news that the telecommunications company is sellin


Check out the companies making headlines after the bell:Shares of J.B. Hunt sank more than 4% in extended trading Monday following the release of the transportation company’s first-quarter results. J.B. Hunt reported earnings per share of $1.09 on revenue of $2.09 billion. Wall Street was looking for earnings per share of $1.26 on revenue of $2.21 billion, according to Refinitiv. Shares of AT&T dipped negative after market close Monday following news that the telecommunications company is sellin
Stocks moving after hours: J.B. Hunt, AT&T, American Airlines and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: maggie fitzgerald, bloomberg, getty images
Keywords: news, cnbc, companies, stake, att, airlines, revenue, hulu, stocks, valued, american, hunt, company, hours, selling, moving, jb, billion, transportation, share


Stocks moving after hours: J.B. Hunt, AT&T, American Airlines and more

Check out the companies making headlines after the bell:

Shares of J.B. Hunt sank more than 4% in extended trading Monday following the release of the transportation company’s first-quarter results. J.B. Hunt reported earnings per share of $1.09 on revenue of $2.09 billion. Wall Street was looking for earnings per share of $1.26 on revenue of $2.21 billion, according to Refinitiv.

The trucking company said lower productivity in regions affected by winter weather, and higher driver salaries and benefits contributed to the disappointing quarterly revenue. Transportation costs for newly added railroads also increased, the company said in a release.

Shares of AT&T dipped negative after market close Monday following news that the telecommunications company is selling its minority stake in Hulu. AT&T is selling its 9.5% stake in Hulu, valued at $1.43 billion, back to the streaming service. AT&T said it will use the proceeds from the transaction to reduce its debt. Hulu is valued at around $15 billion.

American Airlines shares ticked 1% higher after the bell Monday. On Sunday the airline said it is cancelling all Boeing 737 Max flights through August 19, affecting about 115 flights per day. The Boeing-made aircraft is still grounded and it is unclear when the fleet will return to air.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: maggie fitzgerald, bloomberg, getty images
Keywords: news, cnbc, companies, stake, att, airlines, revenue, hulu, stocks, valued, american, hunt, company, hours, selling, moving, jb, billion, transportation, share


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American Airlines cancels all 737 Max flights through August 19

American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded. The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. Boeing has slowed production and stopped deliveries as it works on a software fix. United has canceled Max flights through June 5. As major airlines continue to extend cancellations, Boeing said Thursday that it


American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded. The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. Boeing has slowed production and stopped deliveries as it works on a software fix. United has canceled Max flights through June 5. As major airlines continue to extend cancellations, Boeing said Thursday that it
American Airlines cancels all 737 Max flights through August 19 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: emma newburger, shannon stapleton
Keywords: news, cnbc, companies, cancels, max, american, remain, boeing, 19, software, cancellations, travel, fix, summer, flights, 737, airlines


American Airlines cancels all 737 Max flights through August 19

American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded.

The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. They come after the Max’s anti-stall software was implicated in an Ethiopian crash in March that killed 157 people.

It’s unclear when the Max, which has been grounded since mid-March, will return. Boeing has slowed production and stopped deliveries as it works on a software fix.

On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United has canceled Max flights through June 5.

“We remain confident that the impending software updates, along with the new training elements Boeing is developing for the MAX, will lead to recertification of the aircraft soon,” American CEO Doug Parker and President Robert Isom wrote in a letter to employees Sunday.

Parker also said canceling the flights now will help the airline plan for its busiest travel season of the year.

As major airlines continue to extend cancellations, Boeing said Thursday that it’s completed 96 flights with the new Max software fix. The planemaker will likely submit the fix to Federal Aviation Administration regulators within the next couple weeks.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: emma newburger, shannon stapleton
Keywords: news, cnbc, companies, cancels, max, american, remain, boeing, 19, software, cancellations, travel, fix, summer, flights, 737, airlines


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Here are the top 10 airlines in the world as ranked by TripAdvisor customers

After winning the top prize for the second consecutive year Singapore Airlines CEO, Mr. Goh Choon Phong said in a statement that he “wished to thank our customers for their ongoing support, as well as our staff from all around the world.” Southwest Airlines won best North American airline and was the only U.S. carrier to make the global top ten. Within the North America category, Delta Airlines was named “Best Major Airline” while WestJet was named as Canada’s best airline and Air Canada was dee


After winning the top prize for the second consecutive year Singapore Airlines CEO, Mr. Goh Choon Phong said in a statement that he “wished to thank our customers for their ongoing support, as well as our staff from all around the world.” Southwest Airlines won best North American airline and was the only U.S. carrier to make the global top ten. Within the North America category, Delta Airlines was named “Best Major Airline” while WestJet was named as Canada’s best airline and Air Canada was dee
Here are the top 10 airlines in the world as ranked by TripAdvisor customers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-02  Authors: david reid
Keywords: news, cnbc, companies, airline, travelers, named, singapore, class, customers, tripadvisor, north, won, ranked, winning, best, airlines, world


Here are the top 10 airlines in the world as ranked by TripAdvisor customers

After winning the top prize for the second consecutive year Singapore Airlines CEO, Mr. Goh Choon Phong said in a statement that he “wished to thank our customers for their ongoing support, as well as our staff from all around the world.”

Released Tuesday, Asian carriers dominated the top ten list with four of travelers’ favorite carriers coming from the region. Southwest Airlines won best North American airline and was the only U.S. carrier to make the global top ten.

Many well-known airlines, including British Airways, Virgin Atlantic and American Airlines, didn’t feature.

Within the North America category, Delta Airlines was named “Best Major Airline” while WestJet was named as Canada’s best airline and Air Canada was deemed to have the best Business Class.

TripAdvisor also recognized the winning airlines in four distinct service classes. First Class was taken out by Emirates, Qatar Airways won the Business Class segment, Air New Zealand won Premium Economy while Singapore Airlines was top for Economy.

TripAdvisor said the Travelers’ Choice award winners were based on the quality and quantity of flyer reviews and ratings for airlines published on the website from January to December last year.


Company: cnbc, Activity: cnbc, Date: 2019-04-02  Authors: david reid
Keywords: news, cnbc, companies, airline, travelers, named, singapore, class, customers, tripadvisor, north, won, ranked, winning, best, airlines, world


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Singapore Airlines grounds two 787-10s citing Rolls-Royce engine problem

The Trent 1000 TEN is the latest version of an engine that has had a problematic entry into service. As of late February, Rolls-Royce said 35 787s were grounded globally due to engine blades corroding or cracking prematurely. In February, the company raised a Trent 1000 accounting charge to 790 million pounds ($1.03 billion) from 554 million pounds at the half year, contributing to a full-year operating loss of 1.16 billion pounds. It also allocated another 100 million pounds in cash to the prob


The Trent 1000 TEN is the latest version of an engine that has had a problematic entry into service. As of late February, Rolls-Royce said 35 787s were grounded globally due to engine blades corroding or cracking prematurely. In February, the company raised a Trent 1000 accounting charge to 790 million pounds ($1.03 billion) from 554 million pounds at the half year, contributing to a full-year operating loss of 1.16 billion pounds. It also allocated another 100 million pounds in cash to the prob
Singapore Airlines grounds two 787-10s citing Rolls-Royce engine problem Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-02  Authors: roslan rahman, afp, getty images
Keywords: news, cnbc, companies, problem, pounds, singapore, citing, version, small, engine, rollsroyce, trent, work, airlines, 1000, grounds, blades, million, turbine, 78710s


Singapore Airlines grounds two 787-10s citing Rolls-Royce engine problem

The Trent 1000 TEN is the latest version of an engine that has had a problematic entry into service. As of late February, Rolls-Royce said 35 787s were grounded globally due to engine blades corroding or cracking prematurely.

The manufacturer said it was aiming to reduce the number to 10 by the end of the year.

In February, the company raised a Trent 1000 accounting charge to 790 million pounds ($1.03 billion) from 554 million pounds at the half year, contributing to a full-year operating loss of 1.16 billion pounds. It also allocated another 100 million pounds in cash to the problem.

Rolls-Royce said on Tuesday that since the entry into service of the Trent 1000 TEN, it had communicated to operators that the high-pressure turbine blades in the engine would have a limited life.

“Working with operators, we have been sampling a small population of the Trent 1000 TEN fleet that has flown in more arduous conditions,” the manufacturer said in a statement.

“This work has shown that a small number of these engines need to have their blades replaced earlier than scheduled.”

Rolls-Royce said its engineers were already developing and testing an enhanced version of the turbine blade.

“We will now work closely with any impacted customers to deliver an accelerated programme to implement the enhanced blade and to ensure that we can deliver on our Trent 1000 TEN future commitments,” the company said.

“We regret any disruption this causes to airline operations.”


Company: cnbc, Activity: cnbc, Date: 2019-04-02  Authors: roslan rahman, afp, getty images
Keywords: news, cnbc, companies, problem, pounds, singapore, citing, version, small, engine, rollsroyce, trent, work, airlines, 1000, grounds, blades, million, turbine, 78710s


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Boeing CEO says company is ‘humbled and learning’ from deadly Ethiopian Airlines crash

Boeing CEO Dennis Muilenburg said the aircraft maker was “humbled and learning” from an Ethiopian Airlines crash that killed 157 people earlier this month, the second fatal crash of its popular 737 Max plane in less than 5 months. “We’ve stood shoulder to shoulder in partnership with the Ethiopian team to grieve and extend our deepest sympathies to the families, friends and communities of the passengers and crew,” Muilenburg wrote in a statement released Monday. Ethiopian Airlines said on Monday


Boeing CEO Dennis Muilenburg said the aircraft maker was “humbled and learning” from an Ethiopian Airlines crash that killed 157 people earlier this month, the second fatal crash of its popular 737 Max plane in less than 5 months. “We’ve stood shoulder to shoulder in partnership with the Ethiopian team to grieve and extend our deepest sympathies to the families, friends and communities of the passengers and crew,” Muilenburg wrote in a statement released Monday. Ethiopian Airlines said on Monday
Boeing CEO says company is ‘humbled and learning’ from deadly Ethiopian Airlines crash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: emma newburger, stephen brashear, getty images
Keywords: news, cnbc, companies, boeing, airlines, max, statement, plane, shoulder, crash, learning, ceo, model, maker, humbled, muilenburg, ethiopian, company, killed, deadly


Boeing CEO says company is 'humbled and learning' from deadly Ethiopian Airlines crash

Boeing CEO Dennis Muilenburg said the aircraft maker was “humbled and learning” from an Ethiopian Airlines crash that killed 157 people earlier this month, the second fatal crash of its popular 737 Max plane in less than 5 months.

“We’ve stood shoulder to shoulder in partnership with the Ethiopian team to grieve and extend our deepest sympathies to the families, friends and communities of the passengers and crew,” Muilenburg wrote in a statement released Monday.

Ethiopian Airlines said on Monday it would maintain ties with the U.S. plane maker despite questions and an investigation into its 737 Max 8 model, which was also involved in the Lion Air crash that killed 189 people in October.

Boeing is under intense scrutiny as federal investigators look into whether the plane maker provided incomplete or misleading information about the model to U.S. air-safety regulators.

Read Muilenburg’s full statement below.


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: emma newburger, stephen brashear, getty images
Keywords: news, cnbc, companies, boeing, airlines, max, statement, plane, shoulder, crash, learning, ceo, model, maker, humbled, muilenburg, ethiopian, company, killed, deadly


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Boeing invites pilots, regulators to briefing as it looks to return 737 MAX to service

Boeing said it invited more than 200 global airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service. The meeting is a sign that Boeing’s planned software patch is nearing completion, though it will still need regulatory approval. The 737 MAX is Boeing’s best-selling plane, with orders worth more than $500 billion at list prices. Teams from the three U.S. airlines that own 737 MAX jets participated in a sessi


Boeing said it invited more than 200 global airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service. The meeting is a sign that Boeing’s planned software patch is nearing completion, though it will still need regulatory approval. The 737 MAX is Boeing’s best-selling plane, with orders worth more than $500 billion at list prices. Teams from the three U.S. airlines that own 737 MAX jets participated in a sessi
Boeing invites pilots, regulators to briefing as it looks to return 737 MAX to service Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: mike kane, bloomberg, getty images
Keywords: news, cnbc, companies, briefing, invites, boeing, crash, send, ethiopian, service, return, 737, software, looks, max, airlines, planned, regulators, pilots


Boeing invites pilots, regulators to briefing as it looks to return 737 MAX to service

Boeing said it invited more than 200 global airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service.

The meeting is a sign that Boeing’s planned software patch is nearing completion, though it will still need regulatory approval.

Over the weekend, Ethiopian Airlines executives had questioned whether Boeing had told pilots enough about “aggressive” software that pushes the plane’s nose down, a focus of investigation into a deadly crash in Ethiopia this month that led to the global grounding of 737 MAX jets.

The informational session in Renton, Washington on Wednesday is part of a plan to reach all current and many future 737 MAX operators and their home regulators to discuss software and training updates to the jet, Boeing said in a statement.

Garuda Indonesia, which on Friday said it planned to cancel its order for 49 737 MAX jets citing a loss of passenger trust after the crashes, was invited to the briefing, CEO Ari Askhara told Reuters on Monday.

“We were informed on Friday, but because it is short notice we can’t send a pilot there,” he said, adding the airline had requested a webinar with Boeing but that idea had been rejected.

A Boeing spokeswoman said the Wednesday event was one of a series of in-person information sessions.

“We have been scheduling and will continue to arrange additional meetings to communicate with all current and many future MAX customers and operators,” she said.

Garuda has only one 737 MAX and had been reconsidering its order before the Ethiopian crash, as has fellow Indonesian carrier Lion Air, which experienced a deadly crash in October.

Lion Air Managing Director Daniel Putut said Boeing had informed the airline of the Wednesday meeting but it might not attend. He declined to provide further comment.

Singapore Airlines said on Monday its offshoot SilkAir, which operates the 737 MAX, had received the invitation to the Wednesday event and would send representatives.

Civil Aviation Authority of Singapore representatives will also attend, a spokeswoman for the regulator said.

Korean Air Lines Co Ltd, which before the grounding had been due to receive its first 737 MAX in April, said it planned to send pilots to Renton. South Korean low-cost carrier Eastar Jet will send two pilots, a spokesman said.

Ethiopian Airlines did not respond immedidately to a request for comment about the meeting.

The 737 MAX is Boeing’s best-selling plane, with orders worth more than $500 billion at list prices.

Teams from the three U.S. airlines that own 737 MAX jets participated in a session in Renton reviewing a planned software upgrade on Saturday.

A U.S. official briefed on the matter Saturday said the Federal Aviation Administration (FAA) has not yet signed off on the software upgrade and training but the goal is to review them in coming weeks and approve them by April.

It remained unclear whether the software upgrade, called “design changes” by the FAA, will resolve concerns stemming from the ongoing investigation into the March 10 Ethiopian Airlines crash, which killed all 157 on board.

“After the crash it came to our attention that the system is aggressive,” Yohannes Hailemariam, vice president for flight operations at Ethiopian, told local reporters speaking in the Amharic language.

“It gives a message of stalling and it takes immediate action which is faster than the action which pilots were briefed to take by Boeing,” said Yohannes, himself a pilot with over 30 years of experience, including flying Boeing’s 777 and 787.

The U.S. official said planned changes included 15 minutes of training to help pilots deactivate the anti-stall system known as MCAS in the event of faulty sensor data or other issues. It also included some self-guided instruction, the official added.

American Airlines said Sunday it will extend flight cancellations through April 24 because of the grounding of the 737 MAX and cut some additional flights.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: mike kane, bloomberg, getty images
Keywords: news, cnbc, companies, briefing, invites, boeing, crash, send, ethiopian, service, return, 737, software, looks, max, airlines, planned, regulators, pilots


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Ethiopian Airlines still ‘believes in Boeing’ despite 737 Max crash, CEO says

The chief executive of Ethiopian airlines has said his company “believes in Boeing,” despite a tragic crash just over two weeks ago. A Boeing 737 Max 8 plane killed all 157 people on board on March 10 just minutes into its flight from Addis Ababa to Nairobi. Questions over the Boeing plane have arisen amid similarities with the crash of a Lion Air 737 Max plane in Indonesia last October that killed 189 people. “Let me be clear: Ethiopian Airlines believes in Boeing. Gebremariam also defended his


The chief executive of Ethiopian airlines has said his company “believes in Boeing,” despite a tragic crash just over two weeks ago. A Boeing 737 Max 8 plane killed all 157 people on board on March 10 just minutes into its flight from Addis Ababa to Nairobi. Questions over the Boeing plane have arisen amid similarities with the crash of a Lion Air 737 Max plane in Indonesia last October that killed 189 people. “Let me be clear: Ethiopian Airlines believes in Boeing. Gebremariam also defended his
Ethiopian Airlines still ‘believes in Boeing’ despite 737 Max crash, CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: david reid, anadolu agency, getty images
Keywords: news, cnbc, companies, despite, crash, executive, believes, max, ethiopian, plane, issued, airlines, ceo, boeing, 737, killed


Ethiopian Airlines still 'believes in Boeing' despite 737 Max crash, CEO says

The chief executive of Ethiopian airlines has said his company “believes in Boeing,” despite a tragic crash just over two weeks ago.

A Boeing 737 Max 8 plane killed all 157 people on board on March 10 just minutes into its flight from Addis Ababa to Nairobi.

Questions over the Boeing plane have arisen amid similarities with the crash of a Lion Air 737 Max plane in Indonesia last October that killed 189 people.

“Let me be clear: Ethiopian Airlines believes in Boeing. They have been a partner of ours for many years,” Tewolde Gebremariam wrote in a statement Monday.

The executive added that he did not want to yet speculate on the cause of the Ethiopian crash but said the investigation was well underway and he expected to discover the truth.

Gebremariam also defended his airline’s training procedure, noting that Ethiopian pilots who flew the 737 Max 8 were fully trained on a service bulletin issued by Boeing and the Emergency Airworthiness Directive issued by the USA Federal Aviation Authority (FAA).


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: david reid, anadolu agency, getty images
Keywords: news, cnbc, companies, despite, crash, executive, believes, max, ethiopian, plane, issued, airlines, ceo, boeing, 737, killed


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Airlines warn of cancellations as Boeing readies 737 Max software fix

Airlines are preparing for more flight cancellations as Boeing readies a software fix for its best-selling 737 Max planes following two fatal crashes of the aircraft that prompted regulators around the world to ground the plane. Pilots from U.S. carriers on Saturday tested Boeing’s software changes to the automatic anti-stall system in Renton, Washington, where Boeing assembles the 737 Max planes. Representatives from Southwest Airlines, American Airlines and United Airlines — the U.S. airlines


Airlines are preparing for more flight cancellations as Boeing readies a software fix for its best-selling 737 Max planes following two fatal crashes of the aircraft that prompted regulators around the world to ground the plane. Pilots from U.S. carriers on Saturday tested Boeing’s software changes to the automatic anti-stall system in Renton, Washington, where Boeing assembles the 737 Max planes. Representatives from Southwest Airlines, American Airlines and United Airlines — the U.S. airlines
Airlines warn of cancellations as Boeing readies 737 Max software fix Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: leslie josephs, ralph freso, getty images, joe raedle
Keywords: news, cnbc, companies, regulators, crash, changes, max, readies, warn, cancellations, airlines, renton, software, planes, fix, boeing, 737


Airlines warn of cancellations as Boeing readies 737 Max software fix

Airlines are preparing for more flight cancellations as Boeing readies a software fix for its best-selling 737 Max planes following two fatal crashes of the aircraft that prompted regulators around the world to ground the plane.

Pilots from U.S. carriers on Saturday tested Boeing’s software changes to the automatic anti-stall system in Renton, Washington, where Boeing assembles the 737 Max planes. Representatives from Southwest Airlines, American Airlines and United Airlines — the U.S. airlines that fly the 737 Max — also met with Boeing officials about the software changes and additional pilot training.

The U.S. government ordered airlines to suspend flights using the Boeing 737 Max plane, joining dozens of other countries in taking that step amid concerns about the similarities between the March 10 crash of an Ethiopian Airlines 737 Max and a Lion Air crash in October, which together killed 346 people.

Boeing late Sunday said it invited more than 200 airline pilots and regulators to Renton last Wednesday to “share more details about our plan for supporting the safe return of the 737 MAX to commercial service.”

The Federal Aviation Administration expects to get a look at the software early in the week, according to a person familiar with the matter. The agency needs to certify Boeing’s changes before it can be added to the aircraft.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: leslie josephs, ralph freso, getty images, joe raedle
Keywords: news, cnbc, companies, regulators, crash, changes, max, readies, warn, cancellations, airlines, renton, software, planes, fix, boeing, 737


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