World

Boeing loses customers after series of incidents

Jul 11, 2024

Washington [US], July 11: Boeing said on July 9 that it delivered 44 commercial aircraft in June, down 27% from the same month last year amid legal and production line challenges.
Of the total, Boeing has three orders for 737 MAX jets and another 11 for 777 freighters.
According to CNN, June recorded the company's best sales in the first half of 2024, but was still down 70% compared to last year.
In the second quarter of 2024 alone, Boeing delivered 92 commercial jets, up from 83 in the first quarter. After accounting for canceled orders and changes to accounting rules, Boeing's net order book was just 26 planes.
The reason for the decline in sales comes from the fact that Boeing is currently facing many investigations and close supervision from the US Federal Aviation Administration (FAA) after the door button failure incident on the Boeing 737 Max 9 aircraft on January 5. Following the incident, Boeing reduced production speed according to the FAA's limit of producing 38 jets per month, while increasing inspection activities.
While Boeing struggles with sales, its rival Airbus is recording positive results. Boeing has delivered 175 planes so far this year, compared to Airbus's 323 in the first half of the year, according to Reuters.
Source: Thanh Nien Newspaper

More news

A Major Breakthrough in the Diamond Industry: Rajnish Retail Bags Rs1,500 Crore Order, Share Prices Predicted to Surge by 2,000%

New Delhi [India], January 17: Rajnish Retail Limited, a prestigious diamond and jewelry company based in Mumbai, has achieved a historic technical milestone. According to sources, this leading Indian company has secured a massive Rs1,500 crore order from two of the world's largest diamond companies, De Beers and Signet Jewelers. This deal is considered a significant achievement for the Indian company, likely to boost its market value and business substantially. Market analysts predict that the company's share price could witness a tremendous surge following this deal. They believe the share price could grow by approximately 2,000% in the next 10-12 months. Currently priced around Rs14, the share is expected to surpass Rs220 by next year.

Jan 17, 2025