That $2.5 Billion is quite a "buy yourself out of jail" card!

That $2.5 Billion is quite a "buy yourself out of jail" card!

Almost pocket change, they have over $10 Billion in cash out of their over $100 Billion in assets.

That $2.5 Billion is quite a "buy yourself out of jail" card!

Almost pocket change, they have over $10 Billion in cash out of their over $100 Billion in assets.

But several sources estimate that this could be the most expensive blunder ever, The Deepwater Horizon costs were estimated to be $86 Billion.
That's quite a chunk out of its assets.

Boeing 737 missing

... The aircraft which appears to have been lost off Indonesia was a Boeing 737, but it should not be confused with the much more modern 737 Max - which was grounded following two tragic accidents in 2018 and 2019, including one off the coast of Indonesia.

The Sriwijaya Air flight appears to have been carried out by a Boeing 737-500. This plane formed part of the 737 Classic series, the second generation of 737, which was built during the 1980s and 1990s...

Boeing 737 missing

Oh no... Oh dear...

Another one to watch as to how and why.

Old outdated cockpit factors? Maintenance? Old design confusing modern day pilots?

European safety agency follows US and Brazil in saying it will allow aircraft to return

Patrick Ky, the executive director of the European Union Aviation Safety Agency, said on Tuesday it would publish an updated airworthiness directive next week, following in the footsteps of regulators in the US and Brazil.
The 737 Max will be able to return to service as soon as Boeing has updated software and rewired some components, and airlines have trained their pilots in the changes. Ky said the version of the 737 Max bought by Irish airline Ryanair will be certified “in the coming weeks”, meaning it will probably be ready for service by summer.

A Judge ruled {that} the head of the FAA, Steve Dickson, helped Delta Air Lines retaliate against a pilot who raised safety concerns while he was an executive with the airline...

A former senior manager at Boeing's 737 plant in Seattle has raised new concerns over the safety of the company's 737 Max.

The aircraft, which was grounded after two accidents in which 346 people died, has already been cleared to resume flights in North America and Brazil, and is expected to gain approval in Europe this week.

But in a new report, Ed Pierson claims that further investigation of electrical issues and production quality problems at the 737 factory is badly needed.

Regulators in the US and Europe insist their reviews have been thorough, and that the 737 Max aircraft is now safe.

In his report, Mr Pierson claims that regulators and investigators have largely ignored factors, which he believes, may have played a direct role in the accidents...

And as we have all been following:


Boeing 737 Max cleared to fly again 'too early'
[...]

... doubts persist. In its final report, the House Transportation and Infrastructure Committee stated that:

“... producing a compliant aircraft that proved unsafe should have been an immediate wake-up call to both Boeing and the FAA that the current regulatory system… is broken.

“Unfortunately serious questions remain as to whether Boeing and the FAA have fully and correctly learned the lessons behind the Max failures.”

Critics of Mr Calhoun, who has been a director of Boeing for more than a decade, say he is the wrong man to lead a far-reaching cultural change at the company. They claim he is tainted by the failures of the past...

Political pressure and greedy profit come first?...

Current status - it was out of service for nine months, was recently returned to service after an inspection, has flown "trouble-free" since that inspection, summat broke and it crashed. No idea yet as to what summat was
Indonesia crash: Sriwijaya Air plane's flight data recorder retrieved

Bilge Barriers

Boeing is launching a new vertical tail fin production facility in the state of Telangana, India. The facility is a joint-venture with Tata Advanced Systems...

I was under the impression that all of the 787 parts were outsourced, probably to the lowest bidder and that Boeing assemble the parts using shims etc. to ensure the parts look like they are fitted together.

United Airlines Flight 328 experienced “a right-engine failure” shortly after takeoff from Denver, the F.A.A. said on Saturday.Credit...Hayden Smith