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Boeing Co

Boeing to pay $2.5bn to settle US criminal probe into 737 MAX crashes

The settlement, which allows Boeing to avoid prosecution, includes a fine of $243.6 million.
Boeing said it would take a $743.6 million charge against its fourth-quarter 2020 earnings to reflect the deferred prosecution agreement.

Published 08 Jan, 2021 06:44pm

World

Lockheed Martin to help Japan build stealth fighter

The new fighter, which is known as the F-3 or F-X and is expected to cost about $40 billion, will replace the F-2. Lockheed had proposed a hybrid design based on its F-35 and F-22 jets, but Japan rejected that in favour of a home-grown design.

Published 18 Dec, 2020 11:15am

Business & Finance

Boeing cuts 787 jetliner production as deliveries slow

The reduction to five jets a month from six will take place by mid-2021 and follows a downturn in demand for long-haul jets.
Extra quality inspections are taking longer than expected and will continue to slow deliveries in December, he added.

Published 04 Dec, 2020 11:19pm

Business & Finance

Boeing records first 737 MAX order in 2020, cancellations rise

Boeing delivered 13 aircraft in August, down from 18 planes a year earlier and up from four in July.
The planemaker's first MAX order this year was from Poland's Enter Air, for two 737-8 aircraft with an option for two more jets.

Published 08 Sep, 2020 08:59pm

Business & Finance

Boeing pulls eight 787 jets from service over structural issue

This instruction from Boeing took place earlier this week after finding an issue that undermined the strength of an area of the jet's carbon fiber composite structure.
Boeing confirmed to The Air Current that it had identified two distinct manufacturing issues in the fuselage sections of certain 787 jets.

Published 28 Aug, 2020 04:59pm

Business & Finance

Boeing scores year's first 737 MAX order with Polish airline Enter Air

The jet's recertification is still hanging in the balance more than a year after its worldwide grounding due to two fatal crashes.
The planemaker said on Wednesday that Enter Air placed a new order for two 737-8 aircraft with options for two more jets.

Published 19 Aug, 2020 10:55pm

Business & Finance

Boeing cuts jet output, jobs as pandemic hammers sales

The US planemaker, which has laid off thousands of workers as it also grapples with the 16-month-old ban on its 737 MAX after fatal crashes.
It now expects to resume 737 MAX deliveries to airline customers before year-end in the United States.

Published 29 Jul, 2020 11:23pm

Business & Finance

Boeing unveils sweeping production cuts as pandemic hammers sales

Boeing Chief Executive Dave Calhoun said the Chicago-based company was working closely with airlines and suppliers to manage the downturn.

Published 29 Jul, 2020 06:04pm

Business & Finance

Big US Boeing customers want the 737 MAX but say contracts need re-set

Boeing is behind on hundreds of 737 MAX deliveries since regulators grounded the jet worldwide last year in the aftermath of two crashes that together killed 346 people.
American Airlines Chief Financial Officer Derek Kerr said the carrier is in "good discussions" with Boeing to finalize financing terms on 17 737 MAX jets.

Published 24 Jul, 2020 01:42am

Business & Finance

Boeing 737 MAX cancellations top 350 planes in first half of 2020

The planemaker, which has now been striving to get its once best-selling MAX planes back in the air for more than a year after two fatal crashes led to its grounding,
Deliveries are financially important to planemakers because airlines pay most of the purchase price when they actually receive the aircraft.

Updated 14 Jul, 2020 09:13pm

Business & Finance

Boeing jet deliveries sink to just four in May

The US planemaker said it handed over just four planes in May, down from the six it delivered in April.
Deliveries are financially important to planemakers because airlines pay most of the purchase price when they actually receive the plane.

Updated 10 Jun, 2020 01:41am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Petrol/Litre / May 2	288.49
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Diesel/Litre / May 2	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00