More than a day after a brand-new Boeing Co. 737 Max jet flown by Indonesia’s Lion Air plunged into the Java Sea, the search for the plane failed to yield much as investigators continued the grim task of uncovering the …
A Boeing Co. 737 Max jet, operated by Indonesia’s Lion Air, crashed in the Java Sea with 189 people on board, making it the model’s first accident and potentially the worst commercial aviation disaster in three years. Flight JT610, an …
Airbus said on Monday it is working with private insurance firms and banks to help fill a two-year gap in trade funding left by a European freeze on government export credits, but expects limited public financing to resume soon. Airbus …
When cheating becomes habitual, the consequences could be costly. Embattled Kobe Steel Ltd said on Tuesday the U.S. Justice Department is asking the steelmaker to provide documents related to its data falsification scandal. That came after a source with knowledge …
Just over a week out from revelations of a cheating scandal that plunged Kobe Steel Ltd. in crisis and ensnared hundreds of firms, the embattled steelmaker’s shares skidded to five-year lows on Monday as investors worried about the financial and …
The cheating crisis engulfing Kobe Steel Ltd just got bigger. Chief Executive Hiroya Kawasaki on Friday revealed that about 500 companies had received its falsely certified products, more than double its earlier count, confirming widespread wrongdoing at the steelmaker that …
Marsh has launched the Aircraft Finance Insurance Consortium (AFIC), a non-payment insurance product designed for banks and capital market investors that are funding new aircraft purchases from Boeing. Available exclusively through Marsh, AFIC provides an alternative aircraft finance insurance product …
Two Texas lawmakers want to tighten public records laws to make it harder for governments and the companies they do business with to keep financial information secret. Sen. Kirk Watson, an Austin Democrat, and GOP Rep. Giovanni Capriglione of Keller …
A federal appeals court sided with Boeing and one of its suppliers in the whistleblower lawsuit brought by three ex-workers at the aircraft manufacturer’s former plant in Wichita, Kan.. The 10th U.S. Circuit Court of Appeals agreed with a federal …
Three former workers at the Boeing plant in Wichita, Kan., who filed a whistleblower lawsuit against the aircraft maker and one of its suppliers failed to show Boeing defrauded the U.S. government in a $1.6 billion contract, a federal judge …
