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Insight: Boeing pleads “not guilty” in 737 MAX fraud case

Insight: Boeing pleads “not guilty” in 737 MAX fraud case

by Ernest Arvai | Jan 26, 2023 | Aerospace | 0 comments

As we outlined earlier, the deferred prosecution agreement that was hammered out between the Department of Justice and Boeing in 2021 has been re-opened by a Federal judge in Texas because the victims were not represented in that agreement. The arraignment for a...
Insight:  Boeing to be arraigned this week

Insight: Boeing to be arraigned this week

by Ernest Arvai | Jan 23, 2023 | Boeing, Boeing 737 MAX | 0 comments

This Thursday, Boeing will be arraigned on federal criminal charges resulting from the two 737 MAX tragedies in which 346 people were killed in crashes in 2018 and 2019.  On October 18th, 2018, Lion Air flight 610 crashed off West Java into the ocean, killing all 189...
United Airlines: $737 million net profit in 2022

United Airlines: $737 million net profit in 2022

by Richard Schuurman | Jan 17, 2023 | Airlines | 0 comments

United Airlines reports a $737 million net profit for 2022, a significant improvement over the $-1.964 billion loss for 2021. The fourth quarter saw good margins but was impacted by storm Elliott. United Airlines: $737 million net profit in 2022. United’s operating...
Boeing delivers first 737 MAX 8 to Akasa Air

Boeing delivers first 737 MAX 8 to Akasa Air

by Ajay Awtaney | Jun 16, 2022 | Airlines, Boeing | 0 comments

At the Dubai Airshow 2021, Indian startup carrier Akasa Air, founded by aviation veteran Vinay Dube and backed by Indian investor Rakesh Jhunjhunwala, placed its first aircraft order for 72 737 MAX 8 and 737 MAX 8-200 Aircraft. The airline intends to launch operations...
GOL and Castlelake secure financing for a Boeing 737 MAX order

GOL and Castlelake secure financing for a Boeing 737 MAX order

by Daniel Martínez Garbuno | Jan 26, 2022 | Airlines | 0 comments

Earlier this week, the Brazilian carrier GOL and Castlelake secured financing for a Boeing 737 MAX order. The financing will be worth up to $600 million and will allow the airline to finance the acquisition of new 737 MAX 8 aircraft.  The Brazilian carrier GOL is...
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