Boeing reports another loss, says 2021 'inflection point'

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NEW YORK: Boeing reported another quarterly loss on Wednesday (Apr 28) amid continued weakness in commercial aviation, but said a rebound was ...

NEW YORK: Boeing reported another quarterly loss on Wednesday amid continued weakness in commercial aviation, but said a rebound was within sight with the return of the 737 MAX to service and coronavirus vaccines.

"Overall, we made important strides this quarter, and we must stay diligent as we navigate through this global pandemic together." Boeing resumed deliveries on the 787 in March following a suspension last fall to address production problems. But lower Dreamliner deliveries were a factor in the 10 per cent drop in revenues to US$15.2 billion compared with the year-ago period.US regulators at the Federal Aviation Adminstration approved the MAX to resume service in November. Since that time, Boeing has delivered more than 85 MAX aircraft and 21 airlines have returned the plane to their fleets, Boeing said.

Calhoun said Boeing is"finalizing the plans and documentation" over a process to return those MAX planes to service. After the FAA approves the process"we expect the work to take a few days per airplane", he said.

 

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