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Sydney Morning Herald
13-06-2025
- Business
- Sydney Morning Herald
Boeing's woes deepen after Air India disaster
After the second crash, MAX jets were grounded worldwide until the company redesigned the system. Boeing has been on the backfoot in the global eye since. After a 2024 midair emergency involving another Boeing 737 Max, the US Federal Aviation Administration imposed a production cap on the number of planes per month that Boeing could manufacture. Boeing posted a loss of $US11.8 billion in 2024, bringing its total losses since 2019 to more than $US35 billion. The company's financial problems were compounded by a strike by machinists who assemble the planes at its factories in Renton and Everett, Washington, which halted production at those facilities and hampered Boeing's delivery capability. For the first three months of 2025, Boeing reported a narrower loss of $US31 million compared with the previous year. Chief executive Kelly Ortberg said Boeing made progress on stabilising operations during the quarter. Loading While aviation officials stressed the need for investigations to play out, US President Donald Trump offered pointers to Indian authorities on possible causes of the Air India disaster. After sending his condolences on the deadly crash, Trump said: 'I gave them a couple of pointers. I said, 'Maybe you look at this,' you know, we saw the plane, it looked like it was flying pretty well, it didn't look like there was an explosion, just looked like the engines maybe lost power.' Trump has earlier expressed frustration with Boeing over the pace of the production of the Air Force One presidential planes. So far, US officials said on Friday (AEST) there was no indication from the crash evidence so far that would require the grounding of the Boeing 787. US Transportation Secretary Sean Duffy said investigators 'have to get on the ground and take a look. But again right now it'd be way too premature'. Ortberg, president and CEO of Boeing said: 'Our deepest condolences go out to the loved ones of the passengers and crew on board Air India Flight 171, as well as everyone affected in Ahmedabad.' Ortberg said he spoke with Air India chairman Natarajan Chandrasekaran 'to offer our full support, and a Boeing team stands ready to support the investigation led by India's Aircraft Accident Investigation Bureau'. The Thursday crash of the Air India flight has also weighed on GE Aerospace, the maker of the engines used in Air India flight. Shares in the company fell 2.2 per cent. 'We extend our heartfelt sympathies to the families and loved ones of those impacted,' said a spokesman for GE Aerospace. 'We have activated our emergency response team, and we are prepared to support our customer and the investigation.' More than 1100 Dreamliners are in service with airlines around the world, with nearly 900 more on order. The 787 Dreamliner was the first commercial aircraft built primarily from lighter carbon-composite materials, allowing it to offer fuel savings of up to 20 per cent. The plane's range of 13,530 kilometres gives airlines flexibility to open new non-stop routes, in the hyper-competitive business. The 787 had been involved in no fatal wrecks before Thursday (AEST). The Dreamliner did have a safety issue early in its commercial rollout. In 2013, it was grounded for four months after two separate incidents of lithium-ion batteries erupting into smoke and fire. After an investigation, Boeing dispatched 300 teams to retrofit an improved battery cell. The planes were cleared for flight again by the US Federal Aviation Administration. The incident did not diminish robust demand for the 787. More recently, Boeing jets have gotten caught up in the US-China trade war. Loading In April, a Boeing jet was rejected from China after at least one Chinese airline halted deliveries due to US tariffs. In March 2019, China's aviation regulator was the first in the world to ground the 737 MAX. Boeing had been crawling back from a series of crashes and questions about its safety record and leadership. These crises have compounded Boeing's struggle to supply airline clients with the planes they need. After years of supply disruptions, difficulty in sourcing parts, and the impact of COVID, the backlog of planes to be delivered to airlines exceeds 17,000, according to the International Air Transport Association.
The Age
13-06-2025
- Business
- The Age
Boeing's woes deepen after Air India disaster
After the second crash, MAX jets were grounded worldwide until the company redesigned the system. Boeing has been on the backfoot in the global eye since. After a 2024 midair emergency involving another Boeing 737 Max, the US Federal Aviation Administration imposed a production cap on the number of planes per month that Boeing could manufacture. Boeing posted a loss of $US11.8 billion in 2024, bringing its total losses since 2019 to more than $US35 billion. The company's financial problems were compounded by a strike by machinists who assemble the planes at its factories in Renton and Everett, Washington, which halted production at those facilities and hampered Boeing's delivery capability. For the first three months of 2025, Boeing reported a narrower loss of $US31 million compared with the previous year. Chief executive Kelly Ortberg said Boeing made progress on stabilising operations during the quarter. Loading While aviation officials stressed the need for investigations to play out, US President Donald Trump offered pointers to Indian authorities on possible causes of the Air India disaster. After sending his condolences on the deadly crash, Trump said: 'I gave them a couple of pointers. I said, 'Maybe you look at this,' you know, we saw the plane, it looked like it was flying pretty well, it didn't look like there was an explosion, just looked like the engines maybe lost power.' Trump has earlier expressed frustration with Boeing over the pace of the production of the Air Force One presidential planes. So far, US officials said on Friday (AEST) there was no indication from the crash evidence so far that would require the grounding of the Boeing 787. US Transportation Secretary Sean Duffy said investigators 'have to get on the ground and take a look. But again right now it'd be way too premature'. Ortberg, president and CEO of Boeing said: 'Our deepest condolences go out to the loved ones of the passengers and crew on board Air India Flight 171, as well as everyone affected in Ahmedabad.' Ortberg said he spoke with Air India chairman Natarajan Chandrasekaran 'to offer our full support, and a Boeing team stands ready to support the investigation led by India's Aircraft Accident Investigation Bureau'. The Thursday crash of the Air India flight has also weighed on GE Aerospace, the maker of the engines used in Air India flight. Shares in the company fell 2.2 per cent. 'We extend our heartfelt sympathies to the families and loved ones of those impacted,' said a spokesman for GE Aerospace. 'We have activated our emergency response team, and we are prepared to support our customer and the investigation.' More than 1100 Dreamliners are in service with airlines around the world, with nearly 900 more on order. The 787 Dreamliner was the first commercial aircraft built primarily from lighter carbon-composite materials, allowing it to offer fuel savings of up to 20 per cent. The plane's range of 13,530 kilometres gives airlines flexibility to open new non-stop routes, in the hyper-competitive business. The 787 had been involved in no fatal wrecks before Thursday (AEST). The Dreamliner did have a safety issue early in its commercial rollout. In 2013, it was grounded for four months after two separate incidents of lithium-ion batteries erupting into smoke and fire. After an investigation, Boeing dispatched 300 teams to retrofit an improved battery cell. The planes were cleared for flight again by the US Federal Aviation Administration. The incident did not diminish robust demand for the 787. More recently, Boeing jets have gotten caught up in the US-China trade war. Loading In April, a Boeing jet was rejected from China after at least one Chinese airline halted deliveries due to US tariffs. In March 2019, China's aviation regulator was the first in the world to ground the 737 MAX. Boeing had been crawling back from a series of crashes and questions about its safety record and leadership. These crises have compounded Boeing's struggle to supply airline clients with the planes they need. After years of supply disruptions, difficulty in sourcing parts, and the impact of COVID, the backlog of planes to be delivered to airlines exceeds 17,000, according to the International Air Transport Association.
Perth Now
29-04-2025
- Business
- Perth Now
Woodside aspiring to global market with US gas project
Australian oil and gas giant Woodside has made a final decision to proceed with its liquefied natural gas project in the US. The $US17.5 billion ($A27.2 billion) development in the state of Louisiana is expected to produce 16.5 million tonnes of LNG per year, taking the company's annual LNG delivery to 24 million tonnes next decade - around five per cent of global supply. "Louisiana LNG is a game-changer for Woodside, set to position our company as a global LNG powerhouse and enable us to deliver enduring shareholder returns," Woodside chief executive Meg O'Neill said in a statement. "We have secured quality partners and are now ready to take a final investment decision." US investment firm Stonepeak will provide $US5.7 billion of the total cost. The project would connect Woodside to low-cost US gas resources and promises an asset life-span of more than 40 years with an aim of first output in 2029, the company said. "This supply can target strong and sustained demand for LNG expected in both Asia and Europe, as those markets pursue energy security and decarbonisation aspirations," Ms O'Neill said. Woodside claimed its greenhouse gas emissions targets would be unchanged by the project, drawing the ire of environmental groups. According to Market Forces chief executive Will van de Pol, the project would release emissions equivalent to running Australia's largest coal-fired power plant for another 120 years. "Our analysis shows Woodside's decision to bulldoze ahead with its risky Louisiana LNG project will add 1.6 billion tonnes of climate emissions over its 40-year lifetime," he said. "Woodside has committed $US11.8 billion to a project that would export harmful gas until the 2070s." Mr van der Pol said the gas expansion strategy was consistent with reaching a catastrophic level of global warming, which was ultimately enabled by major shareholders including Australia's largest superannuation funds. "Big investors like AustralianSuper and HESTA can't wash their hands of these massive new emissions committed on their watch, and they must escalate pressure by voting against directors at Woodside's AGM next week." AustralianSuper and HESTA have been contacted for comment.
