Boeing loses £285m in the first Quarter
Boeing reported a net loss of £285m ($355m) in the first quarter amid a critical crisis sparked by a mid-air blowout of one of its planes in January. The US plane maker said production on its 737 programme has slowed to below 38 aircraft per month, as revenue dipped to eight per cent to £13.3bn ($16.6bn). Boeing which has head office in Arlington, Virginia, had faced huge backlash after part of the fuselage on an Alaska Airlines 737-9 aircraft fell off mid-air earlier in the year, triggering an emergency landing. Boeing is under investigation by the US Department of Justice … Continue reading Boeing loses £285m in the first Quarter
