Boeing needs to boost orders and deliveries to flip its cash-burn problem and start generating cash again. The Chicago-based company has arranged more than $12 billion in new borrowing from banks to help cover compensation to airlines whose Max jets are grounded and expenses related to temporarily shutting down the Max assembly line near Seattle.
Boeing doesn’t expect the Federal Aviation Administration to approve its changes to the Max before summer, but Smith repeated the company’s expectation that it will start a gradual resumption of Max production once it is confident that FAA approval is close.The Max was grounded worldwide in March 2019 after crashes in Indonesia and Ethiopia killed 346 people. The company is testing new flight-control software and developing a pilot-training program.
globebusiness Need to get Boeing to build high speed rail instead
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Fall in new cases raises hope in virus outbreak in ChinaThe number of new cases in China dropped for a second straight day in a virus outbreak that has infected about 45,000 people and killed more than 1,100, health officials said Wednesday.
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China's new virus cases fall again, deaths now exceed 1,100China on Wednesday reported another drop in the number of new cases of a viral infection and 97 more deaths, pushing the total dead past 1,100 as postal services worldwide said delivery was being affected by the cancellation of many flights to China.
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China's daily death toll from virus tops 100 for first timeChina's daily death toll from new virus has topped 100 for first time, with more than 1,000 total deaths recorded, the health ministry announced Tuesday, as the spread of the contagion shows little sign of abating while exacting an ever-rising cost. nice There's actually about 900 more than that but you guys just keep on underreporting this. Typo. You mean 1000. BTW for context, the flu kills 16,000 to 62,000 annually. Put that in perspectives.
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