Tag Archives: Boeing

In unusual deal, U.S. Treasury to acquire 30 percent of a trucking company in exchange for $700 million loan

The Treasury Department announced on Wednesday that it will loan $700 million to a trucking firm that ships military equipment, in exchange for having U.S. taxpayers acquire an almost 30 percent stake in the company. Under the unusual arrangement, the Treasury Department will provide the emergency loan to YRC Worldwide …

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In Pictures: Ukrainian airliner crashes in Iran.

A Ukrainian passenger jet carrying 176 people crashed on Wednesday, just minutes after taking off from the Iranian capital’s main airport, turning farmland on the outskirts of Tehran into fields of flaming debris and killing all on board. The crash of Ukraine International Airlines came hours after Iran launched a …

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Boeing CEO Muilenburg Steps Down.

Boeing’s board of directors has named current Chairman David L. Calhoun as chief executive officer and president, effective as of 13 January 2020, the company’s statement says. Chief Executive Officer of Boeing Dennis Muilenburg has resigned, the company says, announcing new CEO David Calhoun. “I strongly believe in the future …

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A damaged sensor on Ethiopian Airlines 737 Max triggered fatal crash: sources.

The Ethiopian Airlines crew commanding the Boeing 737 Max 8, which crashed last month and killed all 157 people on board, followed all recommended procedures but couldn’t regain control of the doomed flight, Ethiopian investigators told reporters Thursday morning. Ethiopian Transport Minister Dagmawit Moges said preliminary findings from an investigation …

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