Boeing has closed the sale of 310 acres of undeveloped land next to its Frederickson manufacturing plant in Pierce County for $200 million, real estate tax filings show.
Boeing said Tuesday that the airline industry is showing signs of recovering from the pandemic, and the company is bullishly predicting a $9 trillion market over the next decade for airline and military planes and other aerospace products and services.
A small subset of Boeing 777 airplanes will remain grounded until 2022, according to the company.
Boeing planes demand continues
Boeing easily beat rival Airbus in orders for new planes last month, but Chicago-based Boeing trailed its European rival in delivering planes to airline customers.
Boeing reported its first quarterly profit since 2019 and its revenue topped expectations as the giant aircraft maker tries to dig out from the most difficult stretch in its history.
Boeing reports a surge in jetliner deliveries as travel demand skyrockets.
Boeing will cut production of its large 787 airliner for several weeks after discovering a new structural flaw in some planes that have been built but not delivered to airline customers.
Federal regulators have indicated they likely won’t certify Boeing’s next airliner until 2023 because of questions about changes the aircraft manufacturer is making in software and hardware on a new version of the two-aisle 777 jet.
Czech airline Smartwings filed suit against Boeing in Seattle on Tuesday for the damage to its business from the fatal crashes and subsequent grounding of the 737 MAX.
Boeing’s newest version of the 737 Max jetliner completed its first test flight Friday in a move that the company hopes will signal improving fortunes for its most important plane.
The deal the United States and the European Union reached Tuesday to end their long-running rift over subsidies to Boeing and Airbus will suspend billions in punitive tariffs.
Boeing has again halted deliveries of its 787 jetliner after federal regulators asked for more information about production flaws, including small gaps where panels of the fuselage are joined.
A flight from Tokyo to Dallas-Fort Worth was diverted to Seattle after an incident involving an unruly passenger.
Federal regulators have approved a Boeing procedure to fix about 100 jets that have been idled for the past month because of improper electrical grounding of some components.
Boeing continues to grapple with an electrical problem affecting some 737 Max airliners, and the setback is hurting the aircraft maker’s ability to deliver new planes.
Boeing revealed in a new diversity report that it has fired 65 employees and disciplined 53 others for racist, discriminatory and hateful conduct since June of last year.
The company says it adopted a zero-tolerance policy last summer following the death of George Floyd.
Boeing has not provided a timetable for fixing the latest problem with its 737 Max jet, an electrical issue that has forced airlines to park more than 100 of the planes.
More than 100 new Boeing 737 Max jetliners remain grounded by problems with an electrical issue in some components, and airlines are waiting for Boeing to come up with a plan for repairing the planes.