Boeing's stock surged over 10% after the CFO announced expectations of increased deliveries for the 737 and 787 jets in 2026, with the certification of the delayed 737-10 expected later that year, and the company projecting positive cash flow and improved margins through 2030 amid a recovery in its business performance.
Shares of Boeing and GE rose following the recovery of flight data from the black boxes of the crashed Air India Flight 171, as investigators seek to determine the cause of the failure of the Boeing 787 shortly after takeoff.
A Boeing 787 Dreamliner crashed in western India, raising concerns about Boeing's safety record amid ongoing scrutiny following past quality issues and recent legal settlements related to previous crashes.
Boeing engineer Sam Salehpour, set to testify before Congress, believes all 787 jets should be grounded for safety checks due to concerns about production and quality control processes, alleging potential catastrophic safety risks. Salehpour's claims have been refuted by Boeing, which asserts confidence in the 787 Dreamliner's safety and states that FAA oversight has validated the aircraft's safety. The Senate Commerce Committee will hear testimony from Salehpour and aviation experts, some of whom were involved in a report criticizing Boeing's safety culture.
A Boeing engineer, Sam Salehpour, has raised concerns about production quality issues with the 787 jets, alleging that excessive force is being used to fit parts together, potentially leading to catastrophic failures inflight. Salehpour's complaint to the FAA claims that shortcuts in the assembly process are placing excessive stress on major airplane joints and embedding drilling debris between key joints on over 1000 planes, significantly reducing their lifespan. Boeing has refuted these claims, stating that rigorous engineering examination under FAA oversight has validated the aircraft's safety and service life. The FAA has acknowledged the complaint and emphasized the importance of voluntary reporting in aviation safety. Salehpour is set to testify before Congress about these issues.
Boeing failed a large portion of an FAA audit related to the production of its 737 Max, following an incident involving an Alaska Airlines flight. Investigators are probing a New Zealand 787 incident where a LATAM Airlines flight abruptly dropped, injuring around 50 passengers. The DOJ has opened a criminal probe into Boeing, and the FAA is conducting ongoing investigations into the incidents. The union representing American Airlines pilots is calling for increased oversight of airlines and maintenance facilities, while Boeing is cooperating with investigations and making immediate changes to improve its quality control and safety.
Boeing has abandoned plans to develop a 777-300ER freighter conversion due to cost concerns, according to the CEO of Boeing Global Services. The company had previously announced plans to develop the conversion program in 2018. Instead, Boeing's Product Development team is studying a 787 freighter program, including a passenger-to-freighter conversion of the 787-8 and a new-build freighter program for the 787-9. The 787 freighter would be the successor to the 767 freighter, which will be prohibited from production due to new emissions standards from 2028.