{"id":617158,"date":"2024-03-17T00:00:00","date_gmt":"2024-03-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/17\/boeing-has-had-a-tough-start-to-2024\/"},"modified":"2024-03-17T00:00:00","modified_gmt":"2024-03-17T00:00:00","slug":"boeing-has-had-a-tough-start-to-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/17\/boeing-has-had-a-tough-start-to-2024\/","title":{"rendered":"Boeing has had a tough start to 2024"},"content":{"rendered":"

2024 has really been a rough ride for Boeing so far.<\/strong> Last week, fifty passengers wereinjured in what the airline called a \u201ctechnical event,\u201d reportedly causing the plane to lose altitude suddenly, according to CNN (here<\/a> and here<\/a>). This incident comes after the Alaska Airlines 737 Max 9 that lost its door<\/a> in taxi earlier this year. <\/p>\n

ICYMI:<\/strong> Just over a week into the year, a Boeing 737 Max 9 lost a fuselage panel mid-flight. A month later, pilots flying the same plane model reported jammed flight controls<\/a> during landing, and two weeks ago, the US Federal Aviation Administration (FAA) released a report that accused<\/a> Boeing and Spirit AeroSystems (that make 70% of the Boeing 737<\/a>) of a lack of safety awareness \u201cat all levels of the organization\u201d that caused the company to fail half of its safety audit<\/a>. The FAA has given the industry giant 90 days as of March 4 to submit an outline to their action plan after their six-week audit revealed<\/a> \u201cmultiple instances where these companies allegedly failed to comply with quality control requirements.\u201d<\/p>\n

Together, these events have weighed on Boeing\u2019s shares<\/strong>, which are down 27% year-to-date, according to market data.Since the start of the year, the industrial giant has lost a whopping USD 35 bn in market cap, USD 30 bn of which is attributed<\/a> to its fuselage incident in January. Their stock price has fallen from USD 251.8 at the start of the year to USD 182.53 as of today. Since 2018, Boeing has been found responsible for two fatal airplane crashes that killed 346 passengers and has paid USD bns in fines and settlements. <\/p>\n

Boeing\u2019s safety failures have triggered <\/strong>model groundings<\/a><\/strong>,<\/strong> production and delivery<\/strong> delays, and multiple federal investigations.<\/strong> Late last week, John Barnett, a former Boeing employee was found dead<\/a>. He had been amid a deposition in his whistleblower retaliation case. Barnett, a quality manager who had been at Boeing for decades, had raised serious concerns about the company\u2019s production standards.<\/p>\n","protected":false},"excerpt":{"rendered":"

Boeing received a scathing six-week audit which revealed that they did not adhere to safety requirements<\/p>\n","protected":false},"author":1,"featured_media":617159,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[1173,633,638],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-boeing","tag-enterprisepm","tag-for-your-commute","wpautop","entry"],"acf":{"mongo_id":"9b242561-02aa-4488-8743-dc449f3abb42","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1460.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[617153],"teaser":"Boeing received a scathing six-week audit which revealed that they did not adhere to safety requirements","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.8db3fd5d-7275-4d22-bbb1-98960b6c85cd.mp3"},"yoast_head":"\nBoeing has had a tough start to 2024 - 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The approaching rollout in the US of new 5G services is the cause of an intensifying dispute between network carriers and the aviation industry, with the White House stuck\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/681.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598234,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/egyptair-to-receive-third-boeing-dreamliner-aircraft-next-month\/","url_meta":{"origin":617158,"position":1},"title":"EgyptAir to receive third Boeing Dreamliner aircraft next month","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"EgyptAir will receive a third Boeing 787 Dreamliner next month as part of a USD 6 bn agreement signed in late 2017 to buy 45 new planes to upgrade its fleet, a source within the company told Ahram Online. The agreement, which involves buying six new Boeing 787-9 Dreamliners, is\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595938,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/14\/egyptair-set-to-receive-sixth-and-final-boeing-dreamliner\/","url_meta":{"origin":617158,"position":2},"title":"EgyptAir set to receive sixth and final Boeing Dreamliner","author":"enterpriseam admin","date":"14 August 2019","format":false,"excerpt":"EgyptAir will receive the sixth and final Boeing 787-9 Dreamliner today as part of a USD 6 bn agreement signed in late 2017 to buy 45 new planes to upgrade its fleet, Al Shorouk reported. The agreement is believed to be the biggest ever made by the company.","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564728,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/23\/egyptair-grounds-four-boeing-777s-in-response-to-engine-failure\/","url_meta":{"origin":617158,"position":3},"title":"EgyptAir grounds four Boeing 777s in response to engine failure","author":"enterpriseam admin","date":"23 February 2021","format":false,"excerpt":"EgyptAir has grounded four Boeing 777-200 planes using the same engine as the one which broke apart after take-off from Denver on Saturday. Boeing on Sunday recommended that airlines ground 777 planes using the Pratt & Whitney 4000-112 engines while it investigates the cause of the incident, leading the Civil\u2026","rel":"","context":"In "SPEED ROUND: TRANSPORT"","block_context":{"text":"SPEED ROUND: TRANSPORT","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544249,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/21\/how-corporate-greed-played-into-the-boeing-airplane-crashes-greg-mckeowns-book-effortless-looks-at-how-to-tackle-exhaustion\/","url_meta":{"origin":617158,"position":4},"title":"How corporate greed played into the Boeing airplane crashes + Greg McKeown\u2019s book Effortless looks at how to tackle exhaustion","author":"enterpriseam admin","date":"21 February 2022","format":false,"excerpt":"? ON THE TUBE TONIGHT-(all times CLT) How corporate greed played into the Boeing airplane crashes: Netflix\u2019s new documentary Downfall: The Case Against Boeing retells the decisions and events that ultimately led to the two notorious Boeing crashes in 2018 and 2019, which together killed 346 people. The doc finds\u2026","rel":"","context":"In "ENTERPRISE RECOMMENDS"","block_context":{"text":"ENTERPRISE RECOMMENDS","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-recommends-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/522.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598699,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/egyptair-to-offer-inflight-connectivity-on-boeing-787-900-dreamliner-aircraft\/","url_meta":{"origin":617158,"position":5},"title":"EgyptAir to offer inflight connectivity on Boeing 787-900 Dreamliner aircraft","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"EgyptAir will begin providing in-flight connectivity on its Boeing 787-900 Dreamliner aircraft in cooperation with Panasonic Avionics\u2019s unit Aeromobile, the national air carrier said in a statement. The B787-900 fleet with in-flight mobile connectivity will serve destinations including Europe, America, and Asia during 2019. 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