Boeing’s Board of Directors separated the roles of company chairman and CEO on Friday, removing Dennis Muilenburg from the position of chairman but emphasizing that he will remain Boeing’s president, CEO, and director. Independent lead director David Calhoun was elected to serve as non-executive chairman. According to the board, separating the roles will “enable Muilenburg […]
The closing date for a joint venture that would see Boeing take an 80 percent ownership stake in Embraer’s commercial aircraft and services operations has been pushed to 2020 after the European Commission indicated that it would be opening a Phase II assessment of the deal. Announced in July 2018, the transaction was initially expected […]
Boeing and Safran have announced that they will be making a joint investment in energy solutions company Electric Power Systems (EPS). Boeing says the investment is intended to go toward the development of “a highly automated industrial base capable of producing aviation-grade energy storage systems” along with supporting technological advancements aimed at reducing the cost […]
Boeing is delaying development of the 777-8, the ultra-long-range version of its widebody 777X family, which includes the 777-8 and the slightly larger 777-9. While the company had not previously announced a planned entry-into-service date for the 777-8, it is being considered alongside an ultra-long-range version of the Airbus A350 for Qantas Airlines’ Project Sunrise, […]
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