The company will continue to pay workers and plans an ‘orderly approach’ to restarting work when the suspension is lifted
Boeing
The grounding of Boeing’s 737 Max aircraft blamed for the company’s anemic aircraft shipments
The downgrade by Moody’s and S&P is expected to increase the aircraft manufacturer’s borrowing costs
Layoffs are not expected at this time at the company’s plant in Renton where the aircraft are assembled
Company’s CEO says effort represents an ‘initial outreach’ to bring some comfort to victims’ families
The Boeing 737 Max aircraft crisis touches another aviation company with major operations in Seattle: Alaska Airlines, which has purchase commitments for 32 of the aircraft.
Boeing issues statement throwing its support behind the federal agency’s action
Dozens of nations and foreign airlines have grounded the planes after second Max 8 crash in five months
Is the stripped-down company the thing of the past?
China-born Wong Tsu, pictured in the foreground, was the first aeronautical engineer Bill Boeing hired at his fledgling airplane company.