Boeing pushes return of 737 Maxs to mid-2020
Dubai: Boeing said early on Wednesday that its grounded 737 Max jets will not return to service until the middle of 2020, pushing back on its earlier forecast for a December 2019 return.The US plane manufacturer said in a statement that while it is up to global aviation regulators to determine when the Maxs will return to service, it is informing its customers that it is “currently estimating that the ungrounding of the 737 Max will begin during mid-2020.”Boeing’s 737 Max model has been grounded across the world since March 2019 after two fatal crashes involving the model. Boeing 737 Max plane...
Airbus cuts delivery forecast, profits in holding pattern
Paris (AFP) - Airbus cut Wednesday its forecast for the number of planes it will deliver this year as it finds it difficult to meet ambitious targets to speed up production, while profits held steady in the third quarter. The European plane manufacturer said in a statement it now plans on delivering around 860 commercial aircraft in 2019, up from 800 last year, but down from earlier estimates of 880 to 890 jets.As Airbus gets paid when it delivers aircraft to airlines, the figure is keenly watched by investors and analysts.Airbus shares slid 2 percent in morning trading on the Paris stock exch...