(Bloomberg) — Frank Shrontz, who spent a decade leading US aviation giant Boeing Co. through upswings and downturns amid fierce competition, has died. He was 92. He died on May 3, according to the Seattle Mariners, the Major League Baseball team in which he had been an ownership partner. Shrontz, an attorney by training, was …
US aviation regulators ordered Boeing Co. to halt further production-rate increases for its 737 Max aircraft even as they cleared the way for a version of the jet involved in a near-calamity to return to the skies. The US Federal Aviation Administration said it informed Boeing that the agency wouldn’t allow any further output increases, …
Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Tuesday, Jan. 3, 2023. Michael Nagle | Bloomberg | Getty Images Stocks fell Wednesday as Treasury yields tracked higher following the release of stronger-than-expected U.S. economic data. The Dow Jones Industrial Average declined 94.45 points, or 0.25%, to close at …
Boeing Co. Chief Executive Officer Dave Calhoun fought back tears as he said the planemaker must own up to its shortcomings, underscoring the stakes of a safety incident that’s renewing questions over the quality of its manufacturing. Boeing CEO Dave Calhoun addresses Alaska Airlines accident {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} “We’re going to approach this — …